Money
has been invented in Lydia 2600 years ago and has spread in all the
middle east, after the conquest of Lydia by the Persian Empire. …..
In
a so massive empire, to make exchanges and offer valuable « money
guarantee », for soldiers everywhere,
only commodities could work !!! It s the main reason money has been made in precious metal.
The
same thing has occurred in the Roman Empire …..
Money
became a debt, far later, to control the money supply and the prices
of the assets …….
Nowdays,
the money supply is inside the Financial Economy, not in the Real
Economy which is in deflation and in Recession…..
The Stones Money on the Island of Yap, were focused on one
paradigm : The owner of the stone must be recognized by
everyone !!!A Stone was a « reserve of compensation »,
a « guarantee » and, on this way , had a true monetary
value
Nowadays,
the Central Banks has purchased a lot of bad debts from the private
banks and giving them a lot of liquidity. Doing it, the Central Banks
are now a threat for their respective currencies …. , because of a
unbalanced result. The private banks have used this money to play on
the stock exchanges ….. to create benefits for them and wealthy
clients.
………….
The
Central Banks can no more control the level of inflation and the
prices of assets…. The Private Banks can do that by investing in real economy !!!!
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