does it trouble you talking about the hollowNess of money ?
Money has been delinked from Gold in most of the counties.
Currencies were once assessed by the Gold Standard, or to be exact Gold exchange Standard, as the basis of Monetary system.where the authorities guarantee a fixed exchange rate with another country, either on the value of Pound Sterling or to the U.S. dollar and then to the value of gold. However, this was abandoned after WWI. The current method of assessing currency values is based on the floating currency exchange rate, which is felt an efficient way of valuing currency from one country to another, even though currency values fluctuate from day to day.The value of currency is determined by its selling and purchase price as a commodity, depending on demand and supply.This is determined by the amount of currency that is bought. When a currency is on demand many people buy it, then its value increases. When a currency is not purchased often, its value decreases.
Sir, does it not mean the value of the currency is deceptive whatever the managers of monetary system may assume it to be.
Dear Sri "Iyyarooran",
It cannot be explained of in such simple terms. Economic laws work on the basis of "demand and supply", which apply to currencies also. In my post I have just outlined the theory, but it is a vast subject.
Regards,
Brahmanyan,
Bangalore.
"Demand and supply" rules the market as also the currency. This D&S can operate in barter system also. The manipulators will be there too. If the world can make sterling human minds, then anything can work.
"Demand and supply" rules the market as also the currency. This D&S can operate in barter system also. The manipulators will be there too. If the world can make sterling human minds, then anything can work.
There is no more real money. Money gone digital and credit long times ago. We are nothing but slaves to the banks. Thumbs down
It shuld be zero sum game correct ? but why it needs to print more and more ?