DEBT-BASED CURRENCIES THE POLITICAL HISTORY OF SOUR SMELL FINANCE – AJHSSR

DEBT-BASED CURRENCIES THE POLITICAL HISTORY OF SOUR SMELL FINANCE

DEBT-BASED CURRENCIES THE POLITICAL HISTORY OF SOUR SMELL FINANCE

ABSTRACT ; On August 15, 1971 the United States Dollar died, without the approval of Congress, PresidentNixon ended the relationship between the United States Dollar and gold. The dollar becomes Monopoly Money.After that, the biggest economic boom in history began. In 2009, when the economy ran aground, centralbankers in the world created trillion dollars, yen, pesos, euros and pounds by following a monopoly for bankers.The concept has changed until the present time.The distribution of money was transformed into the concept ofdebt in various forms, including the use of money as a loan and reward instrument. The rules of money havereally changed and are very leaning towards rich and powerful profits. the smell of rancid has started. US dollarsare no longer money, but currency. Savers become addicts.The dollar is spread in the world as a loan tool forpoor countries to carve a smelly history. This history began in the era of the cold war, the US poured out loans tothe dictatorial regimes, these loans are known as Unclean Debt. After the Cold War global market dominationwas marked by derivative loans, bringing disastrous financial crisis that has hit the countries of Asia, LatinAmerica, Africa and Europe.In 1997/1998 the financial crisis burned down Indonesia resulting in the fall of Suharto. Since 2009, to this day,loans have drawn a storm that has not yet passed, the economic power supported by more imports, than exports.The government prints debt securities faster to make money, so the government needs more money than it save