Monday, February 16, 2015

Dreaming of money

This chapter of Dreaming of money mainly talks about how politics can affect the value of money why is this happening. Vietnam did not have a stable currency through out the historical period. The currency is strongly supported for national independence. To illustrate, "The Japanese army transferred the gold reserve of the Bank of Indochina to Japan and then confiscated printing presses if Hanoi in order to print money to meet its fiscal obligations" (25), this is what happened During World War II, Japanese army's occupation of vietnam. When Vietnam was under occupation, the currency was controlled by Japan.
This make me think about Chinese currency and American currency. We live in the time that money has a relatively stable currency but one the currency moves only a little, it means a tons for people like me, who earns money in China but pays tuition in America. The currency is very much related to how to live in certain country since the offered price is different, people's standard wage is different. And what I feel is that under the big picture of Global economic system, the currency will not be changed that easily as indicated in the article but if the currency only changed a little, it can affect on people's life style many times than before.

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