THE MONEY AND THE PROFIT ....

We have explained on this research blog that money is clearly not necessary for exchanges and common well being through the Ages .... We consider the invention of money as a need to offer a GUARANTEE of payment for people who could not produce goods and who could not be involved in the barter process (i think about people working for the States).

The monetary system based on different precious metal has had clearly a major impact to increase the level of exchanges internationaly and diversify them. But why money has been, from 600 BC until the last decades, a monopol of each state ???

one of the main reason seems THE PROFIT !!!

The financial value of a coin in circulation has always been HIGHER than the intrinsic value of the metal, even for the greeks 2000 years ago .... It includes the fees for minting and a kind of tax ...

The tax on the monopol to create the legal tool of payment could be a clear fiscal profit for the States ... and the origin of the interest rates in the modern financial world. When people needed to pay taxes in their country, they paid an amount above the intrinsic value of their coins .... So people were always in need of new coins, new supply of precious metal..

With Fiat Currency and Credit, the system is the same .... The interest rates create a move for always new credits and an increase of the money supply ....

But when you increase the money supply, you decrease the potential value of each coin and note. ... and the prices of the assets increase ARTIFICIALLY ....

NOW ONLY A BIT ON A COMPUTER, THE MONEY SUPPLY IS WORTHLESS AND CAN BE EASILY MANIPULATE ...