Why Gold Backed Currency is the Only Way to Balance the Debt
Have you ever wondered how fraud has been controlled in the financial world? If you think about it logically, I mean it was in the early 80's and 90's when the first printing of paper money actually began and was being used on a worldwide scale.
If it is still possible to fraud such "paper", I'm sure it would have been a lot easier in those times when the process was fairly new.
Unfortunately we do live in a cruel and vicious world, where everyone is out for themselves.
This was what the Chinese believed, well a few of them anyway.
China was the initial controller of all the paper money being distributed around the entire world from the United Kingdom to America.
This was going quite well until it was discovered that some groups amongst the Chinese were making money through an illegal means.
This led the power of sovereignty in terms of money printing to be transferred back to the bank of England.
The same problem would be faced by any country regardless of who was given the responsibility.
This was understood by the bank of England, which is why the money changers were given an important responsibility to find a way around this.
Money changers were simply those that use to check and calculate conversions of other foreign currencies.
In today's day and age, they are more commonly referred to as money foreign exchanges.
There was a lot of fraud going around at the time of groups printing illegal currency of a particular country and getting it exchanged to make it legit.
This is where the principal and idea of using gold as a way to reduce fraud and balance debt was introduced.
Gold in comparison to money was a solid object that is based on the weight of the physical item rather than a number printed on colour paper.
This made it much easier for people to simply know how much a particular country or currency for that matter was holding.
This meant that it was much easier for banks and governments to transfer and know how much money was owed and stored.
Instead of having to go through tons of paper money, counting each one by the edge, a block of gold simply represented a huge amount of paper money for example $50,000.
This made life a lot easier for banks all over the world especially when it came to finding ways to balance debts.
There is a lot more information on the importance of gold and the important role it still plays in the current financial system.
If you do plan to go ahead looking for more detail, it is very important that you make sure that the source you find the information from is reliable and trustworthy.
There are many websites out there that will simply trick you into believing something that is not real and as a result scam you of your money.
If it is still possible to fraud such "paper", I'm sure it would have been a lot easier in those times when the process was fairly new.
Unfortunately we do live in a cruel and vicious world, where everyone is out for themselves.
This was what the Chinese believed, well a few of them anyway.
China was the initial controller of all the paper money being distributed around the entire world from the United Kingdom to America.
This was going quite well until it was discovered that some groups amongst the Chinese were making money through an illegal means.
This led the power of sovereignty in terms of money printing to be transferred back to the bank of England.
The same problem would be faced by any country regardless of who was given the responsibility.
This was understood by the bank of England, which is why the money changers were given an important responsibility to find a way around this.
Money changers were simply those that use to check and calculate conversions of other foreign currencies.
In today's day and age, they are more commonly referred to as money foreign exchanges.
There was a lot of fraud going around at the time of groups printing illegal currency of a particular country and getting it exchanged to make it legit.
This is where the principal and idea of using gold as a way to reduce fraud and balance debt was introduced.
Gold in comparison to money was a solid object that is based on the weight of the physical item rather than a number printed on colour paper.
This made it much easier for people to simply know how much a particular country or currency for that matter was holding.
This meant that it was much easier for banks and governments to transfer and know how much money was owed and stored.
Instead of having to go through tons of paper money, counting each one by the edge, a block of gold simply represented a huge amount of paper money for example $50,000.
This made life a lot easier for banks all over the world especially when it came to finding ways to balance debts.
There is a lot more information on the importance of gold and the important role it still plays in the current financial system.
If you do plan to go ahead looking for more detail, it is very important that you make sure that the source you find the information from is reliable and trustworthy.
There are many websites out there that will simply trick you into believing something that is not real and as a result scam you of your money.
