What is Currency?

What is currency? It‘s a seemingly simple question with no simple answer. By definition, currency is any system of money that is generally accepted for making purchases in a particular country or region. So, while anything that both you and I agree has a certain value during a business transaction, that same value of currency will vary greatly from one place to another. }

For example, the value of one form of currency is completely useless on the
other side of the world, and vice versa.

This tenuous and whimsical definition of what currency is has historically been the source of confusion, frustration, and conflict for centuries. Although our civilization depends on currency so much, in order for an economy to exist, we still haven‘t figured out a monetary system that works. With every country in the world with trillions of dollars in debt, a majority of which belongs to the United States, according to the fun Global Debt Clock at The Economist - we still have yet to agree upon a solution to this problem that we call currency.

It‘s time for the concept of currency needs to change. Through the course of this book, we will endeavor to find a more suitable and stable form of currency.

Source of Information : Ask About Gold By Michael Ruge