The Long History Of Money

from ZH We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies.  Opposing forces include, as usual, those of […]

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Money does not exist – but time does.

The financial system is an amazing construct.  It is based on theory, and that theory becomes reality because of a dogma – we believe in money.  It is only a belief, nothing more.  As we explain in Splitting Pennies – Money does not exist, except in that people belief in it and it is thus […]

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9 Mind-Blowing Facts About Money

China Invented Every Form of Money China: Invented every single major form of currency: shell money, metal money, paper money, and fiat currency not backed by any tangible commodities Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat currency and prevent runaway inflation Debt Forgiveness Is The Basis for Modern […]

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