What is "money"? Is it the same as "currency"? What about go

[ciaoant1]

What is money? Everyone talks about it, but what is it exactly? Why did we created it the first place? A lot of people seem to blame money for all the problems in the world, and yet "money makes the world go round".

In order to truly understand what is happening today, we must first explore how money came to be, and the purpose it serves.

http://whataboutmarx.blogspot.com/2012/ ... rency.html

[Calm]

Hi! ciaoant1

The price of gold is a total sham.

The U.S. manipulates the price of gold in order to control the devaluation of the Greenback.

The June 2011 report shows that JPM has about 80 percent of the gold derivatives in the world on its book, with HSBC holding the other 20 percent. And in other commodities, JPM holds a similar position as well as part of their overall $78 trillion derivatives book which is heavily dominated by interest rate and credit derivatives.
http://www.occ.treas.gov/topics/capital ... eport.html

Calm

[ciaoant1]

Yes, you are correct. I will post about this in the future as well