Money and Financial Boom and Bust Cycles – an inevitable outcome?
In ancient times, the concept of Money allowed for a steady loss of value in accordance with Nature’s laws? Overtime as the Money transactions become safer or more secure and the financial systems allow for the concept of increasing value of Money due to compounding interest the financial system itself begins to operate in cycles of ‘Boom’ and ‘Bust’. The very values of which ‘Money’ is a store of, began to fluctuate and when coupled with increasing interest thereon such fluctuations led to lack of Trust which again further exacerbated the ‘Boom’ and ‘Bust’ cycles.
We now once again need to value ‘Money’ more systematically and in ways that are in accordance with Nature’s Laws and also arrive at more realistic ways to determine the interse exchange value of Money when dealing with other countries.