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China Tea Brick Money | Armstrong Economics. Spread the love. Many have heard the saying: “I wouldn’t go there or do something for all the tea in China.” While some assumed this referred to some huge quantity, it actually stems back in time to a value similar to gold or metal used for money.
2018年5月22日 · Asia 2019 Crisis August 19, 2019 COMMENT: when you showed FX and stock markets of Asia in Rome, the computer did forecast quite some panic cycles for this summer – here we go ! Hong Kong Peg & Riots July 3, 2019 Civil unrest is continuing to rise in ...
By Martin Armstrong. Throughout history there has always been a dominant currency. As each empire became the new financial capital of the world, their currency became the most prized and tended to circulate around the globe into even the fringe economies that they may have never heard of at that moment in time.
2016年5月19日 · ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much more questionable element for it is different things to different people. The goldbugs would kill you if you dared to say gold and silver were not money.
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Money and the Evolution of Banking. While prostitution has long been regarded as the first profession and lawyers as close second, the banking profession is clearly the third oldest known to humankind. The invention of banking preceded that of coinage by several thousand years. Banking appears to have originated in Ancient Mesopotamia.
By Martin A. Armstrong. The Birth of Coinage. The Importance of Weight. As trade between regions and nations gradually began to expand, some form of international trade would have been necessary. It is perhaps because of this primary reason that ultimately money among trading nations at least tended to merge toward a form of metallic system.
