Hongbing, Song
Currency Wars I: Currency Warfare
- ISBN 13:
- 9781913890636
- author:
- Hongbing, Song
- format:
- Hardback
- publisher:
- Omnia Veritas Ltd
- language:
- English
- Publication Year:
- 2021
- Pages:
- 366
- Dimensions:
- 22.9 x 15.2 x 2.1 centimetres (0
- Genre:
- History, General, Business,
- Condition:
- New
- Availability:
- Item usually sent within 5 working days
Description
Currency Wars: Currency Warfare by Song Hongbing The nature of money is rooted in human labour and wealth. Currency serves as a claim to wealth, while its value is determined by the form of wealth used to issue it. Over 5,000 years, various commodities have taken on this role, with gold and silver emerging as the most widely accepted representatives of wealth. Gold and silver have been the standard for currency across different regions and civilizations, serving both as a claim to wealth and its value. However, bankers have historically preferred alternative forms of money that can be easily managed and generate interest income. The demonetization of gold in 1971 marked a significant shift towards sovereign credit money. This book explores the evolution of currency and the role of gold in shaping the global monetary system.
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