The End of Money as We Know It? In the grand theater of economic history, money has always been a social construct—a collective agreement on value. From the Lydian coins to the gold standard, and from the Nixon shock of 1971 to the birth of Bitcoin in 2009, the medium of exchange has constantly evolved. Today, we stand at a…
Something strange happens with silver when the world gets into trouble. The price moves up before the crisis becomes official news. It is like silver knows something we don’t yet see. This is not a conspiracy theory. This is just looking at the data from the last fifty years. Silver moved up before the 1970s inflation disaster. It moved up…
With the centralization of population, production and therefore job opportunities, the urban life has come to a point that threatens human health, which has caused health services to be large and centralized. While all kinds of centralization reduced productivity over time, it slowed down the fast pace of work and made bureaucracy chronic. To give an example of the centralization…
Money is created in two basic ways today. The first is cash (fiat / fiat currency) in paper and metal form issued by Central Banks, and the other is loans (debt) created by commercial banks depending on the partial reserve system. Here, we’ll talk about partial reserve banking. It would be descriptive and useful to talk about full reserve banking…
Money can essentially be studied in two forms, these are the limited (solid) form and the unlimited form. Limited money is the metals with intrinsic value such as gold, silver, platinum, which cannot be produced in the desired amount by the states, whose amount is limited in the world. Recently, digital currencies have been tried to be added to these.…