Milutin Milanković argued that the Earth’s Ice Age was caused by a change in the Earth’s orbit around the sun. This change is said to affect the inclination of the Earth’s northern and southern hemispheres and reduce the amount of solar radiation. However, the main reason is believed to be that summer isn’t hot enough. The ice kept accumulating as summer passed, and winter arrived before all the ice could melt. Even in our lives, things we neglect tend to build up and lead to big problems. Small, untreated chores can produce significant results over time. Good luck or bad luck, maybe that’s all there is. - Joseph’s “just my thoughts”
Value in Kind (VIK). Refers to the spot value . We pay money to buy the goods we need, which represents an exchange of goods for currency. However, since money is also a kind of good, it has a relative value that constantly changes. That’s the price. When the price of goods rises, it indicates that the value of money in relation to goods declines. This phenomenon is called INFLATION . If other goods exchanged for goods experience a greater value increase than currency, the seller finds it more advantageous to transact using those other goods rather than currency. We prefer to exchange currency in transactions because it is a government-guaranteed compulsory means of exchange . The right to exchange anything constitutes compulsory circulation power . However, this is the only value of money. If the price of gold is rising significantly, and you can exchange gold for goods, it becomes a better option for producers of goods to trade in gold instead of money. Originally, the pre-currency...