Faisal Ali Addabi

Summary of the Problem:

In order to understand the problem of money, we must understand the strange stages of making money in human history !! we can display this as follows:

In the first age, the human used to give a deer to another human and receive some fruits instead, the human said to that exchange be a bargain and the exchange became the bargain!!

In the second age, the human used to give a stone knife to another human and receive a hunting dog, the human said to that dog be an animal coin and the animal became the first coin in the human history!!

In the third age, the human used to give a cow to another human and receive some snails instead, the human said to the snails be money and the snails became the money!!

In the fourth age, the human used to give an ox to another human and receive some roundish metal pieces instead, the human said to those metal pieces be money and those metal pieces became money!!

In the fifth age, the human used to sell a goat to another human and receive some banknotes printed by the government, the human said to banknotes be money and the banknotes became paper money which can be seen with the naked eye, held by hand and kept in pocket and wallet!!

In the sixth age, the human used to sell a racing horse to another human and receive electronic numbers instead, the human said to the electronic numbers be encrypted electronic coin the electronic number became the encrypted electronic coin which cannot be seen with the naked eye or held by hand or kept in a pocket or wallet and bitcoin and its sisters appear !!

Finally in the seventh age, the human being finalized the invention of all financial coins and the rich took rest on Saturday, Friday, and Sunday and the poor got no rest on all days of the week!!

Nowadays, inflation and high prices have become the biggest international problem, the reason is that central banks in most countries in the world have pegged their paper currencies with the US paper dollar, which dominates about 85% of the global trade, for the purpose of achieving economic settlement for their countries, but the American government, which is run either by the republicans who own the elephant motto or the democrats who own the donkey motto, has the biggest indebtedness in the world , and it takes procedures from time to time and increases the interest rate and the US dollar in order to curb local inflation and increase the US exports to the world and this directly leads to depreciation of currencies pegged to the US dollar and increase of inflation and high prices in most countries of the world, so, what is the decisive solution to this international economic problem which is deemed the biggest one in the modern human history?

Summary of the Solution: most of the international financial experts in the world confirm that the world will not allow the USA to continue solving its internal problems and achieving its external interests at the expense of the rest of the world and that the only decisive solution to the problem of global inflation and high prices is to end pegging the international paper currencies to the US paper dollar and resort to a new international monetary system, namely the encrypted electronic coins which are not issued or controlled by any central bank or any government in the world.

When most of the global encrypted electronic coins are pegged to one encrypted electronic coin agreed upon by most countries of the world as international standard currency which replaces the US dollar, the biggest global financial takeover in the human history will take place, Uncle Sam will weep and the rest of the world will laugh !! this is what will happen sooner or later because this is the only practical solution to the problem of this terrible inflation from which most human beings are suffering now.