Just like in real life, things are coming an going in waves. The water builds up and at the highest point it breaks and declines. This is true for most situations in life. And this wave is also to be seen in history. Mighty empires have emerged and have vanished, and their Monetary System (1) collapsed as well. Not necessarily the economy, only the money (tary) system. In North-America, the immigrants issued their own money to be...

In the movie Cabaret is a song called, Money makes the world go round! Everyone knows that to be true. Without Money nothing goes, one can’t even buy a loaf of bread. And a roof above the head is out of the question without money. Money provides social security. And the more one has of it, even luxury. Money has become as important as foodstuff and oxygen. Without it one could die of starvation.   This is the personal level on which...

We all live in, what is called in German the Sachzwang. The dictionary translates it as Inherent necessity. I, personally prefer to call it the dictate of a situation. A situation which determines our actions. If one is not rich, one has to work. And even the rich person is not free from the Sachzwang, the wealth must be managed and increased. It was always like that, we were limited because of technologies not yet invented. Humans once...