Mommy, How Does Money Work?

in #money6 years ago

"It's something to do with the allocation of Special Drawing rights through the International Monetary Fund's and World Bank in a free-floating system of market exchange currencies that compete through trade balances across an international spectrum of inflation-adjusted exchange rates that then can be used to create local debt that is issued by the Treasury in return for currency that is printed by the central bank distributed to the banks of leverages through a system of partial reserve leverage of approximately ten to one and distributed into the economy creating either inflationary or deflationary effects allowing us all to experience the velocity of trade to the exchange of an abstract token that represents the promise of future value depreciated by the rates of inflation and adjusted for the return on investments." Andreas Antonopoulos

Can someone give a better explanation, please?

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Nice info
Upvoted!!

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