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IPFS News Link • Economic Theory

The Force of the Source of Money

• https://www.linkedin.com by Timothy Gieseke

Economic systems are manifestations of the force of the source of its money. Society has created more than 10,000 new currencies in the last few years. The force of the source of a currency now lies in the hands those that can capture that force and hence, can create economic systems that manifest themselves into new solutions and new issues.

Force of the Source

The "force of the source" of a currency refers to the underlying factors that determine the value and acceptability of a currency as a medium of exchange. It is essentially the source of the currency's power and authority in the economy.

The Force of Gold

The "Gold Rush" in the mid-1800s was not about gold itself, but about gold being the source of money. Gold was the governor of the money supply.

Mining gold creating an influx of money and reinvigorated the American economy. The population of California increase rapidly and it had devastating impact on the native California leading to what is called the California genocide. This forced technological, financial, scientific, political, and social changes that changed the course of America and it still reverberates today.


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