Saturday, January 24, 2015

Why do we have different currencies and why do they differ in value?

Because you can then sell and buy money, which will make it a product instead of a mere measuring system or labour and value. And because every product in the market has a price, if you sit at the source of money manufacturing, the banks,  you can manipulate the price of money and, ipso factum, you will control all prices for everything. Consequently, the more things around are monetised/commodified, the deeper and wider it this control by way of money. 

BTW, up to 85% of world trade are futures: promises to guarantee against the risks of possible fluctuations between currency exchange rates of money that  have ever only existed as flickering digits in a computer. 


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