Showing Tag: "money" (Show all posts)

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...

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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Where does money come from?

Posted by Dave Robertson on Tuesday, December 15, 2009,

The simple answer is: "from nothing." The more accurate answer is debt.

To explain this one, I will describe the Canadian Monetary system, which the basic principals can be transfered to pretty much every other nation's money system.

In an earlier post I talked about today's bank notes is called "money" only because the Government says it's money. Without the backing of the Government, Bank notes would simply be worthless pretty pieces of paper. But where does "money" come from? The Bank of Can...
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How do you fix the Fed? Audit? Abolish? or Nationalize?

Posted by Dave Robertson on Monday, December 14, 2009,

The US banking system is a mess. At the root of the mess is the Federal Reserve. The "Fed" ironically is neither federal owned or controlled, and it doesn't have any money reserves. It is instead a privately owned banking cartel, and is probably the most powerful player in the global economy. When I discuss "the game of money" the reality is that the Fed sets a lot of the rules, and should therefore be understood as the biggest player in this game of ours called money.

Many people do a good j...
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Can money buy happiness?

Posted by Dave Robertson on Friday, December 11, 2009,

A common expression we hear is "money can't buy you happiness." Sometimes when I hear that saying, I think to myself "maybe, but I'd be willing to try." The connection of money to happiness is an interesting discussion. There was an article earlier this year that really got me thinking about it, and every once and a while I come back to the subject.

To begin, I had to work out what happiness really means for me, and here's some of the key points

Self Opinion: Having a good self esteem and being...

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Monetary Thought