Chapter 7 Blog

Chapter 7 is all about the money. From interest rates to exchange rates. Now we all love money (when we have it) but this type of talk can certainly bore a reader. However, you need to focus. If you don't get this down then you don't get a job in the global economy.
Business speaks money, could you imagine going to a meeting and having no idea what the inflation rate is? You could grab a deal that could potentially kill your company. Even if you are not a business major, you should be aware of the inflation and money exchange. No body wants to be that tourist who is short money for a burger or gives an $80 tip because you can't to quick math.
It is things like this that Americans need to become more aware of their global friends. There is a youtube video called shifthappens, education 3.0. It explains how China is now the number one speaking English country. That is insane!!!!
But back to chapter seven, and I would like to discuss the types of systems. There's the Gold Standard, The Breton Woods System, The Post-Bretton Woods System. The Gold Standard is what I was most familiar with. In some ways I feel many still refer to it even though it ended in 1914. Now it seems like the Post-Bretton Woods system is much more complex. But what it comes down to, it is a flexible exchange.
The most crucial part of this chapter and perhaps this entire book is the Strategies for Financial Companies. That is very important to read up on and look into as potential CFO's of the world. That sections though limited to a couple of pages are certainly highlighted page.