Money is only paper and the market around currencies answers a single question : DO YOU WANT MY PAPER ???
A country can have massive natural resources, a peacefull social life and a normal monetary base .... Its currency can be blacklisted and collapse , if there is a a political will to do it. The countries which own an economy only based on the Natural resources are the weaker ..... In our current system, a strong currency need to spread everywhere ....
This note from the Katanga in 1960 has been very well backed by natural resources but not exchangeable easily...
No comments:
Post a Comment