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Currency, since it’s creation, has it benefited or hurt man?

Has the creation of currency ultimately aided or hurt man?

Thoughts?

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This entry was posted on Thursday, June 3rd, 2010 at 9:04 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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8 Responses to “Currency, since it’s creation, has it benefited or hurt man?”

  1. Mike Says:
    June 3rd, 2010 at 9:04 am

    its raped us, we are now slaves of paper

  2. Don H Says:
    June 3rd, 2010 at 9:04 am

    It benefits a few of the wealthiest people.

    Barter works better but it would be difficult to dispense chickens or tomatoes from an atm.

    Love and blessings Don

  3. Hanseugen Says:
    June 3rd, 2010 at 9:04 am

    Currency has done both, however, the greedy and unscrupulous pursuit of money has created wars, cheating, and hatred. The whole world is held in the grubby grip of money worshiping demonic power seekers.

  4. d_r_siva Says:
    June 3rd, 2010 at 9:04 am

    In Africa many forms of value store have been used including beads, ingots, ivory, various forms of weapons, livestock, the manilla currency, ochre and other earth oxides, and so on. The manilla rings of West Africa were one of the currencies used from the 15th century onwards to buy and sell slaves.

    http://www.answers.com/topic/currency

  5. Ardi Pithecus ™ Says:
    June 3rd, 2010 at 9:04 am

    A search of dictionaries shows that all of them say coins are also currency. http://www.google.com/search?hl=en&client=firefox-a&hs=udI&rls=org.mozilla:en-US:official&defl=en&q=define:currency&ei=4-DvS-iUFJO6Naef2d8P&sa=X&oi=glossary_definition&ct=title&ved=0CBUQkAE

    Paper money is a promissory note, since it has no real value of its own, and since it is no longer backed by the gold standard, the "promise" isn’t even real.

    But coinage was a boon to early capitalism because a $20 gold coin, for example might buy $22 worth of goods today at yesterday’s prices if gold prices went up. Coins are based on their value as (relatively) rare commodities. If diamonds didn’t have to be weighed and their cut and clarity determined each time they were traded, they would be better than coins. But a coin is known standard, which is why it is a felony to scrape the sides of a coin to get the flakes, or to remove the scalloped edge. You are destroying the inherent value of the material.

    A paper bill on the other hand is still worth its value so long as you have at least 50% of it and you don’t try to cash the other piece at some later date–that is why they put serial numbers on each half.

  6. Avner Eliyahu R Says:
    June 3rd, 2010 at 9:04 am

    Depends how it is used, just like cars and other human creations.

  7. Josh Says:
    June 3rd, 2010 at 9:04 am

    That which is created will ultimately destroy itself.

  8. pstottmfc Says:
    June 3rd, 2010 at 9:04 am

    When currency was created, it gave people the ability to carry their wealth around and to exchange it easily for things they needed. In the days when currency was still fulfilling it’s role as a store of wealth, it was made out of substances that had value in themselves - mostly due to scarcity.

    Paper currency and subsequently electronic currency have been our downfall. These forms of currency are not a store of wealth, but just numbers printed on paper of stored on computer disk.

    Electronic currency is also open to much manipulation as it can be created with a keystroke.

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