The monetary system is changing as a natural target of technological development. The time to say goodbye to fiat papers and coins is near. In this new financial system, when the economy starts to shift to digital environments, money cannot be expected to remain in its old form. In addition, we know that in the old system, the intermediary financial…
We entered the first phase of the period that the world will call the “worst financial crisis” last March 2020. The main cause of this crisis is the system itself. We are approaching the end of the global unlimited money experiment we have experienced since 1971, when the dollar as a reserve currency was completely disconnected from gold. In order…
With the developing technologies, production forms are also changing. In the current period, this change has gained momentum. The Internet plays a big role in this. With the development of the internet, it started to be used by wider masses, and it started to bring people closer to each other. It is no longer necessary to have large amounts of…
In the information economy, the digitalization of money as in production systems leads to a gradual decrease in the use of cash in economic transactions. In fact, it is costly in cash production, transportation and storage. In the Figure, the increase rates in non-cash transactions in major countries between 2015 and 2016 are given. The country with the largest decrease…
Technology is always created to serve the mind of its manufacturer. At this point, it is necessary to be careful and use it to our real benefit. While doing this, it should not be overlooked that technology can serve different ideologies and plans in the hands of different minds. For example, splitting the atom into its nuclei is a technological…
It is possible to see the advanced production systems of that period at every stage of the economic history. To understand the functioning of the economy, it is necessary to examine the most advanced manufacturing practices.
Gold and silver have been real, solid money for nearly 5000 years. Since the mid-1970s, the dollar, which is the reserve currency in circulation, has been torn from gold. The fiat currencies we use today are unlimitedly printed. The fact that the main mechanism of the economic system based on money is being printed unlimitedly is the most important factor…
In this article, we will seek an answer to the question of how we can be more resilient individually in the current economic and financial process. Is it possible to get out of the currency turbulence that started with the sudden halt of economies all over the world and trade between countries coming to a halt? It is possible, of…