Quote Originally Posted by allodial View Post
The idea of trading currencies is quite silly. I suppose people who have little to nothing to offer of substance might insist on such things existing as 'currency trading markets'. Money lacking anything to buy or pay for would be worth what?

Speculative currency trading could only be about wagering on future valuation of the expected productive output of value of men, machines, etc. of any given society associated with the currency (perhaps its World Monetary Districts that are associated with any given scrip?). As for currency rates being based on a 'country's stability'--well what kind of stability can there be but good and civil order and productive output? So the stronger the currency the more sane the government and more productive its people? So does that

Merchants by definition buy AND sell ANYTHING, they aren't manufacturers. They wheel and deal on production of others--no surprise how immoral merchants could become nuisances to any given society. Canaanites were said to have been merchants.
The threshold for any civilization seems to be one transitioning from production to predominantly rent seeking behavior with a health dose of 'three card monte' until its collapse.
The history of man has essentially been the history of class struggles.

Only after the largest thieves (states and civilizations) have something substantive that they wish not to lose is morality, treaties, and 'Law of Nations' are spoken of.

I can see why the 'Canaanite traffikers' were mentioned with such derision on the Bible.

'The Shetar's effect on English Law' is a definite reminder.