Browsing Archive: June, 2010

What is money. Part 1 - Creation of commodity trading.

Posted by Dave Robertson on Tuesday, June 29, 2010,
Where do we begin? Well I learned from the movie "The Sound of Music"  that the very beginning is a very good place to start. So let's go back to the beginning of money.

Before the idea of money, people relied on gift economics, or a barter system. Under these economies people produced different goods and services and essentially traded stuff for stuff. As you can imagine, this kind of system would have it's difficulties. If sally bakes bread and John raises cows, then how do they determine ho...

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History in US monetary system

Posted by Dave Robertson on Tuesday, June 29, 2010,
Something I've been studying a lot the past 6 months is the US monetary system. I think it is such an interesting topic to explore because it is primarily responsible for our views of what money is. Yes you and I might live in Canada (or any other country for that matter) but like it or not the US monetary system controls many (probably all) of the worlds financial markets.

People don`t have a clue what money is. Most people know that it is a currency that allows us to buy and sell stuff. We k...
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