Don961: Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world ?? ... Showing their security features .... Just a random thing ?? ... Or on purpose ??? ... To educate ?? ... IMO
Learn about the security features of the world's most highly traded currency
2018/7/9 10:00:25 AM
It is said that the first coins that were minted in Lydia (now western Turkey) were often forged, and that the forging of coins in ancient Rome was a daily occurrence.
The Roman emperors forged the coins in their own way; they made them of low-value metals; which devalued the currency, and then tried to pass it to trade at a value higher than its real value.
Counterfeit money remained a problem even thousands of years later. At the beginning of the civil war in America in 1861, half of the paper currency was counterfeit.
13 Stunning Visualizations of Silver Put Global Debt Into Perspective
By Jeff Desjardins
Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.
For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.
Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.
Post From Notes In The Field By Simon Black
July 9, 2018 Sovereign Valley Farm, Chile
The root of the debt crisis: every $1 in debt generates just 44 cents of economic output
Exactly ten years ago, in the middle of the summer of 2008, the world was only two months away from the most severe financial crisis since the Great Depression.
At the time, the size of the US economy as measured by Gross Domestic Product was around $14.8 trillion-- by far the largest in the world.
And the US national debt back then was about 64% of GDP-- roughly $9.5 trillion.
Fast forward a decade and take a snapshot of the same numbers: US GDP has grown nearly 35% to $19.9 trillion.