Hongbing, Song

Currency Wars I: Currency Warfare

(No reviews yet) Write a Review
ISBN 13:
9781913890582
author:
Hongbing, Song
format:
Paperback
publisher:
Omnia Veritas Ltd
language:
English
Publication Year:
2021
Pages:
366
Dimensions:
22.9 x 15.2 x 1.9 centimetres (0
Genre:
History, General, General (US: Trade),
Condition:
New
Availability:
Item usually sent within 5 working days
£24.00

Description

Currency Wars: I - Currency Warfare by Song Hongbing The concept of money is deeply rooted in human civilization, with wealth being the ultimate goal. The form of wealth used to issue money as collateral determines the nature of the currency. Over the past 5,000 years, more than 2,000 commodities have taken on the role of currency, with gold and silver emerging as the most widely accepted forms of wealth. Gold and silver have been the standard for currency across various regions and civilizations, serving as both the claim to wealth and the wealth itself. However, the widespread use of paper money has led to concerns about the over-issuance of receipts, which can be controlled by the use of gold as collateral. The introduction of sovereign credit money in 1971 marked a significant shift in the monetary system, as bankers sought to replace gold with an asset that would never run out and generate interest income.

View AllClose

Related Products

Related Products

Currency Trading For Dummies
Add to Cart
Quick view

Currency Trading For Dummies

Mladjenovic, Paul

£19.48
Currency Trading For Dummies provides expert guidance to help you trade currencies like a seasoned pro. With over $6 trillion changing hands in the foreign exchange market every day, this friendly...