Currents of Currency Message Board

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Strategies & Market Trends : Currents of Currency

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To: Glenn Petersen who wrote (560)	1/7/2018 8:01:04 PM
From: Ahda	Read Replies (1) of 594

Legendary Facebook backer nails the existential problem facing social media advertising paid for pays well. Bretton Woods controlled currency by its tie to gold. Gold was tangible and did become a pain in the neck as it stifled currency growth as well as inflation and business. Currency was tied to nation which was tied to people in the nation. Monetary base of the nation had to do with the exchange rate value of currency. All currencies at one point were somewhat tied to gold which was internationally at a fixed commodity price. That price of the commodity was the same for all nations though the exchange rate of different currencies to buy that commodity varied. Bretton Woods did not mean to harm but to stop non valid moves in currency and maintain strong currency. In the last twenty years USA has moved from product production to increased finance and service. Once product was the end result of finance now finance in varied forms is attempting to be the product. Part of this has to do with the factor labor is starting to look obsolete as robots are changing the definition of labor. Suv's created currency but the person who is paving the roads of the future with cement did not do so well in that suv bonanza. So now the finance factor of the world offers the bit and other crypto currencies as payment- seed swap in air while mans hands still toil in the field . So we have another financial product that adds to the paper swap be it by a computer swipe.Crypto exchanged for fiat. This in my opinion adds up to another cost associated with all forms of currency as crypto exchanged for currency puts an additional cost somewhere which takes up back to increased problems in value of any form of ease of trade that is variable not fixed to the planet.

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