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Why was currency created

Why Was Money Created
Why was currency created Background: In primitive societies there was no trade, and hence there was no need for any common value assessing or costing tool. Human beings were self contained in terms of there normal requirements. the requirements were basic and were limited to Food clothing and shelter. Basic food was available for the picking as and when required, and hunting catered for both food as well as clothing requirement, as the flesh was consumed and the hide was draped. the natural shelter was used for safety and living. It was quite am effort to make the two ends meet and it was a justification of 'Darwin's theory of SURVIVAL OF THE FITTEST'. Human being lived and perished like any other animal, however the urge to survive and the habitual laziness drive human beings into devising easy methods to meet the basic requirements. Tools were invented and wheel was discovered. Wheel was discovered as it always existed in nature in form of circles, and was put to use as a wheel. With each invention life became easy and man became lazier. In an attempt to secure future the tendency to accumulate was triggered, as man started accumulating food and clothing. This however lead to another challenge rather than making life easy, this lead to wastage of natural resources as man hoarded food and clothing. Soon enough (couple of centuries later) man got the idea of exchanging food with clothings, weapons, shelter, and sex. All the items were exchangeable and soon the barter system came into being. However this was not an efficient system as the value of goods being exchanged was an issue. the value was based on the effort required to get the goods in terms of risk involved, the time spent in procuring and the need at the given time of the transaction. There were losers and winners in every deal. So a common system of valuation was required. In various cultures and histories, the standard units began to be identified and put to use. Live stock was a common sort of currency in which the value of other goods was decided. This was the first form of money discovered. however the discovery was yet to be converted into invention. Invention Of Money The discovery of using live stock and other goods with value for human beings as money was a good thing to happen as pre requisite for gaining any thing from others required one to be in possession of the required value for which effort was required and resources needed to be converted into goods of value. For example ' a potter had to create pots by putting in raw material, effort and hard work then he could offer it as value for any exchange goods which needed to buy. On the other hand the farmer had to grow crops to be able to get pots in return of some grain which he created. There were no inflations and price rise was only attributable to demand and supply. There was no fiscal deficit. There was a class of people, who did not want to work but wanted to have all that was available and all that required to be exchanged for a good in return. the trend of demand and supply was noticed by this class, and they saw that hoarding of goods could be exploited to increase the value in off season periods. In this there was a small catch. Only non-perishable goods could be hoarded. However it is the perishable goods in terms of daily requirement that were needed by these classes in a system of regular supply and with no effort. This gave rise to introduction of a system where the hoarded goods could be converted into something non-perishable, storeable and which could be used for exchange for any type of goods. The answer to this was metal, and more so metals which were scarce. Money was invented. this was the first time when a type of good which had no use for human beings and in turn no value for human beings was used as return good for items of intrinsic value. the first time utility items could be procured without creating any goods in return. the worst was yet to come. Money as Zero Value Gold was used as money, silver and other items followed. The gold converted into coins or other metals converted and used as money had zero value of there own, however anything could be exchanged. Gold, silver and other metals still were convertible into ornaments, Iron or steel could be put to other uses. there was still an effort required to procure these metals from mines and be used as currency. However traders started giving promisary notes instead of real money for exchanged or bought valuable goods. The Zero inherent value money had been invented in the true sense. and written promise notes began to be used for trade. It was the first time in the history of mankind that the issuer of these notes could access and utilize any thing he wanted without having created anything of value for the human race. the era of exploitation of the creating class had started. The Zero Value Money had been invented. Money Demand And Supply As if the hoarding of goods was not good enough. the traders came up with newer ways to accumulate assets (goods) by only hoarding the money. the tactics was the same old one, create scarcity of good in this case it was money, so that more goods could be acquired with less money and then sold for more money and in turn get more accumulations in form of paper currency, which by now had developed into printed currency notes controlled by the governing agencies. By now the money (Currency notes) had become a commodity. A commodity in the hands of the civilized people who did not create anything of value for the consumption of human race but controlled everything through the manipulation of the commodity called money. Money became a resource, which grew when saved and hoarded. The value currency of one area was manipulated to exploit the resources of the race, the area the country.

Money As Weapon Of Mass Exploitation In the civilized world money is the biggest weapon of mass exploitation. In its transition from barter system of pre-historic times money has become a weapon of mass exploitation and in turn destruction. All of the human race can be classified into two parts, the 'value creators' and the 'value manipulators'. All other classes emerge from the basic two classes. this system cuts across all state boundaries, caste creed, nations or any other possible classification system. Money was an exchangeable term for resources. It is thought to be a reserve created and converted from a resource or work which can be used in future to regenerated the resource. However with the manipulation of the Value Manipulator money can be created without resource to balance it out and also resource can loose its value due to the manipulation. A typical example '

01 USD = 62 INR A water bottle in US = 02 USD A water bottle in India= 12 INR So typically 01 USD = 06 INR At least in the barter system it would be.

This is how economies exploit each other and and money is the worst invention of mankind. Conclusion There is a need to rationalize the printing of currency. Fiscal deficit is means of manipulation, by the value manipulation class and exchange rates of currency are the weapons for exploitation of countries. The exploitation is of the masses from the value creation categories as the traders on both the sided deal in money and it is the resources which this class created and the work hours put in which are under valued and over valued to create money reserves for the other class.

Why was currency created Background: In primitive societies there was no trade, and hence there was no need for any common value assessing or costing tool. Human beings were self contained in terms of there normal requirements. the requirements were basic and were limited to Food clothing and shelter. Basic food was available for the picking as and when required, and hunting catered for both food as well as clothing requirement, as the flesh was consumed and the hide was draped. the natural shelter was used for safety and living. It was quite am effort to make the two ends meet and it was a justification of 'Darwin's theory of SURVIVAL OF THE FITTEST'. Human being lived and perished like any other animal, however the urge to survive and the habitual laziness drive human beings into devising easy methods to meet the basic requirements. Tools were invented and wheel was discovered. Wheel was discovered as it always existed in nature in form of circles, and was put to use as a wheel. With each invention life became easy and man became lazier. In an attempt to secure future the tendency to accumulate was triggered, as man started accumulating food and clothing. This however lead to another challenge rather than making life easy, this lead to wastage of natural resources as man hoarded food and clothing. Soon enough (couple of centuries later) man got the idea of exchanging food with clothings, weapons, shelter, and sex. All the items were exchangeable and soon the barter system came into being. However this was not an efficient system as the value of goods being exchanged was an issue. the value was based on the effort required to get the goods in terms of risk involved, the time spent in procuring and the need at the given time of the transaction. There were losers and winners in every deal. So a common system of valuation was required. In various cultures and histories, the standard units began to be identified and put to use. Live stock was a common sort of currency in which the value of other goods was decided. This was the first form of money discovered. however the discovery was yet to be converted into invention. Invention Of Money The discovery of using live stock and other goods with value for human beings as money was a good thing to happen as pre requisite for gaining any thing from others required one to be in possession of the required value for which effort was required and resources needed to be converted into goods of value. For example ' a potter had to create pots by putting in raw material, effort and hard work then he could offer it as value for any exchange goods which needed to buy. On the other hand the farmer had to grow crops to be able to get pots in return of some grain which he created. There were no inflations and price rise was only attributable to demand and supply. There was no fiscal deficit. There was a class of people, who did not want to work but wanted to have all that was available and all that required to be exchanged for a good in return. the trend of demand and supply was noticed by this class, and they saw that hoarding of goods could be exploited to increase the value in off season periods. In this there was a small catch. Only non-perishable goods could be hoarded. However it is the perishable goods in terms of daily requirement that were needed by these classes in a system of regular supply and with no effort. This gave rise to introduction of a system where the hoarded goods could be converted into something non-perishable, storeable and which could be used for exchange for any type of goods. The answer to this was metal, and more so metals which were scarce. Money was invented. this was the first time when a type of good which had no use for human beings and in turn no value for human beings was used as return good for items of intrinsic value. the first time utility items could be procured without creating any goods in return. the worst was yet to come. Money as Zero Value Gold was used as money, silver and other items followed. The gold converted into coins or other metals converted and used as money had zero value of there own, however anything could be exchanged. Gold, silver and other metals still were convertible into ornaments, Iron or steel could be put to other uses. there was still an effort required to procure these metals from mines and be used as currency. However traders started giving promisary notes instead of real money for exchanged or bought valuable goods. The Zero inherent value money had been invented in the true sense. and written promise notes began to be used for trade. It was the first time in the history of mankind that the issuer of these notes could access and utilize any thing he wanted without having created anything of value for the human race. the era of exploitation of the creating class had started. The Zero Value Money had been invented. Money Demand And Supply As if the hoarding of goods was not good enough. the traders came up with newer ways to accumulate assets (goods) by only hoarding the money. the tactics was the same old one, create scarcity of good in this case it was money, so that more goods could be acquired with less money and then sold for more money and in turn get more accumulations in form of paper currency, which by now had developed into printed currency notes controlled by the governing agencies. By now the money (Currency notes) had become a commodity. A commodity in the hands of the civilized people who did not create anything of value for the consumption of human race but controlled everything through the manipulation of the commodity called money. Money became a resource, which grew when saved and hoarded. The value currency of one area was manipulated to exploit the resources of the race, the area the country.

Money As Weapon Of Mass Exploitation In the civilized world money is the biggest weapon of mass exploitation. In its transition from barter system of pre-historic times money has become a weapon of mass exploitation and in turn destruction. All of the human race can be classified into two parts, the 'value creators' and the 'value manipulators'. All other classes emerge from the basic two classes. this system cuts across all state boundaries, caste creed, nations or any other possible classification system. Money was an exchangeable term for resources. It is thought to be a reserve created and converted from a resource or work which can be used in future to regenerated the resource. However with the manipulation of the Value Manipulator money can be created without resource to balance it out and also resource can loose its value due to the manipulation. A typical example '

01 USD = 62 INR A water bottle in US = 02 USD A water bottle in India= 12 INR So typically 01 USD = 06 INR At least in the barter system it would be.

This is how economies exploit each other and and money is the worst invention of mankind. Conclusion There is a need to rationalize the printing of currency. Fiscal deficit is means of manipulation, by the value manipulation class and exchange rates of currency are the weapons for exploitation of countries. The exploitation is of the masses from the value creation categories as the traders on both the sided deal in money and it is the resources which this class created and the work hours put in which are under valued and over valued to create money reserves for the other class.