The World of Money
Continuing the second part of the article I wrote on “The Future of Money”, I am going to answer the two questions I posed at the end.
Even seek to bring readers to the answers on topics such as where the money comes from, how it determines its value and who the real owner of the savings you have.
This topic will try to be simple and practical enough to understand, however those interested in delving a bit more about the subject, I recommend the book I mentioned and which will have about 500 pages of juicy information.
The first thing to take into account, as Lietaer, is that money is a partnership between one and the banking system in their country. So comment on the origin of the bank and as the hoarding of value by allowing them to generate new money.
As I said in the previous article we must remember that money is a disagreement between two parties. It is only an asset for us because at the same time is a liability for someone.
The first thing to understand then is how banks work, but not because there save money, but in these places is where the money is actually created. If you’re surprised about this I invite you to continue reading and learning a little about the history of money.
Credit to: Mariano Cabrera Lanfranconi
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