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Search results “Money is more than a medium of exchange”
Litecoin $LTC | Will Litecoin be the medium of exchange of the future?
 
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►►Join our Crypto Cowboys Telegram: https://t.me/joinchat/FcMqTxFwefPcA3akh6EnmA ►►Download your FREE "Crypto Crash Proof" report at: http://cryptocowboys.io In this episode with the Crypto Cowboys we take a look at Litecoin and dive into why we believe this cryptocurrency will be a medium of exchange of the future along with Bitcoin. Is Litecoin truly the silver to Bitcoin's gold status in the cryptocurrency market? DISCLAIMER: -This is not financial advice. - Cryptocurrencies and related technologies are extremely volatile. Never invest more than you are able to lose without seriously impacting your life. - The views expressed in the videos are the opinion of the creators. - Your finances are your responsibility, be responsible. #litecoin #ltc #litecoinreview
Views: 2463 Crypto Cowboys
Money is more than currency. Choose wisely.
 
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Currency is a medium of exchange and an unit of account. Money is more than currency. Money gains value over time. Like... from your childhood ... to your child. Will you entrust your future in worthless currencies? Choose wisely. Value your products and services in real money. https://www.goldnroll.com
Views: 14 Gold'N'Roll
Bitcoin Regulation: Is Bitcoin a Medium of Exchange? | SDBullion.com
 
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A brief look at Bitcoin regulation, privacy, and how these impact it's status as a medium of exchange. Buy Gold Bullion with Bitcoin: https://sdbullion.com/blog/buy-gold-with-bitcoin Buy Silver Bullion with Bitcoin: https://sdbullion.com/blog/buy-silver-with-bitcoin You can learn more about Gold, Silver, and Bitcoin at: https://SDBullion.com/21st-century-gold-rush-book Video Transcript: Bitcoin is hard to regulate and trace. This fact makes Bitcoin a better medium of exchange in some circumstances than government currencies. Malte Möser, et al, researched how anonymous Bitcoin is and the risks of the cryptocurrency being used for money laundering (https://maltemoeser.de/paper/money-laundering.pdf). Their article concludes Bitcoin is pseudonymous, not anonymous. All transactions are publicly recorded under people’s account number or public key. However, if the account number or public key is not linked to the real identity of the person, then the transaction is in all practicality anonymous. But in this post-Snowden world, we know the government is tracking everything and could figure out our identity, right? Möser, et al, found that it is possible to remain anonymous using Bitcoin. In principle, the Know-Your-Customer (KYC) principle, a legal requirement in the United States for financial service providers to validate the identity of account holders, could be enforced to make Bitcoin exchanges require personal identification, and therefore, prevent Bitcoin transactions from being anonymous. But Malte Möser, et al, experimented with transaction anonymization systems such as BitLaundry, Bitcoin Fog, and the Send Shared functionality of Blockchain.info, and found that the latter two do successfully anonymize the transactions, and therefore, the KYC principle is unlikely to be enforceable. Also, monitoring or controlling how a cryptocurrency is used is nearly impossible since no financial intermediaries are involved (https://policyreview.info/articles/analysis/bitcoin-regulatory-nightmare-libertarian-dream). For those wanting to transact without being tracked, Bitcoin proves to be a better medium of exchange than government currencies. Bitcoin can be transferred across some borders more easily than government currencies. For example, getting money into China is easy, but getting money out is difficult. China imposes severe capital controls on currency leaving the country. However, as Forbes contributor Tim Worstall points out, Bitcoin can easily be transported out of China (https://www.forbes.com/sites/timworstall/2013/11/21/finally-a-proper-use-for-bitcoin-avoiding-capital-controls/#33dd8bf9794a). People can simply buy Bitcoin while their in China and stick it on a jump drive. Once their out of the country, all they need to do is sell the Bitcoin that’s on their jump drive. In fact, it could even be simpler than that. They wouldn’t even need a jump drive. They could simply memorize their private key, and they would only need access to Internet to recover their Bitcoin’s. But this doesn’t mean Bitcoin is money. Money must be widely used and also a store of value. But is Bitcoin used enough to be considered a widely used medium of exchange? Bitcoin traded at a volume of $160 billion in 2017 (https://data.bitcoinity.org/markets/price_volume/2y/USD?r=month&t=lb&vu=curr). That’s equivalent to more than $35 billion per year. And that’s in the same order of magnitude as many countries’ GDPs (http://www.imf.org/external/datamapper/[email protected]/OEMDC/ADVEC/WEOWORLD/BTN/BOL). This is good evidence that Bitcoin is a widely used medium of exchange. We will consider Bitcoin’s status as a store of value in our next article. Learn more about bitcoin, gold, silver, and other precious metals at: https://SDBullion.com/21st-century-gold-rush-book
Views: 63 SD Bullion
A Brief History of Money - The Barter System to the Modern Economy
 
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Money makes the world go round but we didn’t always have it. Before money, we used what’s called a barter system, this is where you simply trade what you have for what you want or need. It might seem simple but in reality it was quite complicated as the person who has what you need doesn’t necessarily want what you have. The solution to this problem was to use a medium of exchange in order to mediate trades, otherwise known as money. In order to qualify as money an object needs to be capable of fulfilling three tasks. It needs to be a medium of exchange, a unit of account and a store of value. Not everything can fulfill these requirements and some things have proven far better at it than others. Gold and silver, for instance, are excellent but it’s been cowrie shells, gold, clay tablets and nothing more than numbers on a screen. However, whenever the object used as money isn’t limited by nature we tend to make far too much of it. This is called monetary inflation and I plan to make a video about it eventually. A book I read, also a documentary, called The Ascent of Money by Niall Fergusson inspired this video. In it, he details the humble beginnings of currency it evolved over the years. He also discusses key developments in history from the Medici bank, to the worlds first ever joint-stock company, the Dutch East-India company. The history or money spans the course of civilization. Starting in Ancient Mesopotamia, where the people used clay tablets, all the way to the modern day where we essentially just used numbers on a screen. Australia gets a mention because after all, we have a hell of a lot of gold here and Australia is just awesome, of course. You can also lookout for a very famous banking family, the Rothschild's. It rules our lives and rules the human economy, it dominates our lives. This is A Brief History of Money by Matty’s Modern Life. Subscribe link: https://www.youtube.com/subscription_center?add_user=mattysmodernlife Economics has been an interest of mine for a decade now, I’ve made several videos discussing the topic and plan to make many more in the future. Please feel free to check out my other videos. Follow me: Facebook - https://www.facebook.com/MattysModernLife/ Minds - https://www.minds.com/MattysModernLife Gab - https://gab.ai/MattysModernLife Twitter - https://twitter.com/MattysModernLyf?lang=en Maker Support - https://www.makersupport.com/MattysModernLife Patreon - https://www.patreon.com/mattyrose Paypal donations - https://www.paypal.me/mattysmodernlife Musical Credits: Music Credits Marimba – Thinking Music - Artist: Alexander Blu Gospel Music - Artist: Alexander Blu No-Name-Kids-Song – Alexander Blue Suspense/Mystery Music - Murder of Crow (royalty free) - Ben Hansen Sad Piano Music – Ben Hansen Synth Magic – Free Royalty Free Music – Alexamder Blue If I had a chicken – Free YouTube Music Drifter (Spaghetti western) Copyright Free Music – Link https://www.youtube.com/watch?v=dIhvAThPer8 All images are creative commons and marked free for commercial use. Most images are sourced via https://pixabay.com/ and https://commons.wikimedia.org/wiki/Main_Page This video contains no profanity and is suitable for kids. Sources: https://www.minds.com/blog/view/776780313673080842 This is a kid friendly video and could easily have been called A Brief history of money for kids (or children), but I decided not to call it that. Grown ups can watch it too, of course. In fact, anyone who is interested in economics, history and money (of course) can watch this video and enjoy it and I really hope you do! Although to be fair, if you've read all the way down here you probably liked it (or maybe you really hated it in which case, lol at you). Thanks for watching and please donate, this took me ages to make. I'm happy to do it for free but tips would be a big incentive to keep making videos, plus you WILL get good karma I promise!
Views: 1468 Mattys Modern Life
What Is Money?
 
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One of our favorite questions from readers for Economics in Plain English was deceptively simple: What, after all, is money? And what sets it apart from something that's simply valuable? A big abstract idea like this called for a hands-on experiment. In this episode, business editor Derek Thompson pays a visit to a branch of EagleBank in Arlington, VA, to bother the world's friendliest bank teller with a series of dumb requests. As goofy as it seems, this little experiment is a helpful way to illustrate three essential functions of money: a store of value, a unit of account, and a medium of exchange. But you'll have to watch to see why. Watch more episodes of Economics in Plain English: http://bit.ly/1rqkLRT Watch more videos: http://www.theatlantic.com/video Subscribe to The Atlantic on YouTube: http://bit.ly/1pE29OW Follow Derek Thompson on Twitter: https://twitter.com/dkthomp Twitter: https://twitter.com/TheAtlanticVID Facebook: https://www.facebook.com/TheAtlantic Google+: https://plus.google.com/+TheAtlantic
Views: 20282 The Atlantic
What Is Money Really?
 
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Coach Corey Wayne discusses what money is (a medium of exchange and a store of value), how its created, who controls the quantity and why the worlds financial system is so screwed up. This is a MUST WATCH video for every freedom loving citizen of the world! Click the link below to make a donation via PayPal to support my work: https://www.paypal.com/cgi-bin/webscr?cmd=_donations&[email protected]&currency_code=USD&item_name=UnderstandingRelationships.com Click the link below to book a phone coaching session with me personally: http://www.understandingrelationships.com/products Click the link below to get my Kindle eBook: http://www.amazon.com/gp/product/B004QOBAPK/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B004QOBAPK&linkCode=as2&tag=understand0d4-20 Click the link below to read my FREE self-help articles: http://www.understandingrelationships.com/
Views: 4624 Coach Corey Wayne
Silver Hoax?
 
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Money is more than a currency or medium of exchange, it's also a store of value. As demand for silver, as a store of value, increases, so will the price, and this demand will continue as a positive feedback loop that will eventually destroy paper money. But the real shocking fact of the silver market is that 99% of silver investors are getting scammed by paper silver, that is basically all fraud. The proof of this is the BIS report, from the Bank of International Settlements, here: http://www.bis.org/statistics/otcder/dt21c22a.pdf
Views: 5034 davincij15
Is Bitcoin the Future of Money? Peter Schiff vs. Erik Voorhees
 
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On July 2, 2018, Reason and The Soho Forum hosted a debate between Erik Voorhees, the CEO of ShapeShift, and Peter Schiff, CEO and chief global strategist of Euro Pacific Capital. The proposition: "Bitcoin, or a similar form of cryptocurrency, will eventually replace governments' fiat money as the preferred medium of exchange." _____ Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magaz... Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at iTunes: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. _____ It was an Oxford-style debate in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious. Voorhees won by changing the minds of 15 percent of attendees. The Soho Forum is held every month at the SubCulture Theater in Manhattan's East Village. At the next debate, which will be held on August 27, William Easterly, professor of economics at NYU, and Joseph Stiglitz, a Nobel Prize Winner in economics and professor at Columbia, will discuss whether free markets or government action is the best way to eliminate global poverty. You can buy tickets here. Produced by Todd Krainin.
Views: 410003 ReasonTV
What is a Currency?
 
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Currency can best be defined as tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash. Typically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has a perceived value and can be exchanged for other objects. Generally speaking, each country has its own currency. For example, Switzerland's official currency is the Swiss franc, and Japan's official currency is the yen. An exception would be the euro, which is used as the currency for several European countries. Investors often trade currency on the foreign exchange market, which is one of the most heavily traded markets in the world. Currency, in and of itself, is nothing. It can be a shell, a metal coin, or a piece of paper with a historic image on it, but the value that people place on it has nothing to do with the physical value of the money. Money derives its value by being a medium of exchange, a unit of measurement and a storehouse for wealth. Money allows people to trade goods and a service indirectly, understands the price of goods and gives us a way to save for larger purchases in the future. Money is valuable merely because everyone knows everyone else will accept it as a form of payment. By Barry Norman, Investors Trading Academy
Why Did You Leave Haiti
 
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This video is about Why Did You Leave Haiti We have become a nation slaves of money tired of fighting... Most people think of money as simply a medium of exchange that makes economic transactions more convenient, but the truth is that it is much more than that. Money is also a form of social control. Just think about it. What did you do this morning?
Views: 831 PRIDESOFHAITI
Virtual currency Money three minutes to learn of Bit money crasy world Created from Internet
 
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In 2009, Satoshi Nakomoto (possibly a real person, possibly a pseudonym for one or more hackers) invented Bitcoin, the first peer-to-peer currency. Bitcoin, which works along the same lines as the Bittorrent network you might use to download movies and music, isn't the first online currency. Linden Dollars, the unit of exchange in Second Life, are widely traded and regulated by game's maker, Linden Lab. Nakomoto's innovation was using math-heavy cryptography techniques to create a medium of exchange that doesn't require a central authority or physical tangibility (like gold) to deter counterfeiters and regulate the money supply. Each time bitcoins change hands, so does a transaction history encoded in a string of characters. This "hash value" or digest can be decoded by anyone with sufficient computer power and time to devote to the effort. When bitcoins are exchanged, a digest is broadcast to the network of users, a participant does the work of decoding the transaction history, and other users quickly confirm their history is accurate. (The decoders earn a 50-bitcoin bounty for their work.) This happens about once every 10 minutes. Everyone who holds the currency agrees on who owns what, which ensures people can't copy-and-paste their way to millions or defraud other users without the whole network agreeing that it happened. In other words, Bitcoin isn't just a currency, it's a massive experiment in group trust. It's also a hint of the financial system to come and, ultimately, a scam. Most worrisome is the opportunity for collusion: If any single person or group controlled a majority of computing power in the network, they could rewrite the transactions to take your money. Bitcoin relies on the growth of the network to outpace any single node's ability to control the bulk of the processing power, but one mining collective, deepbit, currently clears more than a third of all transactions. Already, hackers have used botnets, online networks of computers, to increase their ability to process transactions and mine bitcoins. These dynamics make watching Bitcoin a lot like watching monetary history in fast-forward. Timothy B. Lee, a tech journalist, paints a convincing scenario in which Bitcoin nodes band together to seize control of the network, becoming the equivalent of online banks as they provide transaction services to everyone else. And if those banks get together to regulate the supply of money, well, that's where central banks come from. Ultimately, all money is based on trust. Aside from the folks who prefer to base the value of their assets on the hard work of Russian gold miners, most Americans trust dollars because we have some sense that the U.S. government isn't going anywhere and is somewhat accountable to us. It's hard to trust a monetary system concocted and managed by anonymous hackers who aren't answerable to anyone. Bitcoin still offers a glimpse of a future in which the dollar is digitized: No more wasted money printing paper and coins, and instead of stimulating the economy with handouts to banks, the government could just download money onto your USA Cash Card. But we won't want to cede control of our future currency to profit-seeking financial companies (the main advantage of Bitcoins today is their fee-free exchange) or give the government any more ability to track our purchases than they do with cash. We'll want a decentralized peer-to-peer monetary system that combines the advantages of Bitcoin with the purchasing power of the dollar. Assuming, of course, that the dollar has any purchasing power left by the time we want to digitize it. more information from this channal subscribe and browse http://youtube.com/user/cosmeticmachines
Money and Finance: Crash Course Economics #11
 
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So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 670893 CrashCourse
HEAL MONEY ISSUES WITH LOVE AND GRATITUDE (21 Days )
 
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Welcome to Silence Mind. Comment: No of Days of Practice with 5 Statement for Money Love. We are creating soothing meditation music, mantra chants and other important resources for meditation, relaxation, and sleep and healing. Hope our work will help you in a positive way. Blessings and Peace all the way. Listening powerful mantras while sleeping, or Play in Background at Work or Home for Successful Result. Play this Mantra at Work Place or Home every day and will you see miraculous positive financial and socials recognitions and this mantras also Help us in Improvement of Health, Career Booster and Most important, above everything the PEACE OF MIND. You´re NOW about to activate your greatness within you. Our powerful meditations and Mantras are going to CHANGE YOUR LIFE. You will feel happier, stronger, peaceful and powerful. We humans are powerful creators of life. Silence Mind meditations and mantras Awaken and Inspire people to manifest great things in their lives: inner peace, love, abundance, joy, optimism, freedom, wealth. Connect with us: FACEBOOK : https://www.facebook.com/silencemind741/ YOUTUBE : https://www.youtube.com/silencemind TWITTER : https://twitter.com/silencemind_com Thanks for Watching . Please Like, Comment, Share and Subscribe #Meditation #guidedmeditation #affirmations #abundance #lawofattraction #manifest #prosperity #nighttime_Meditation #morningmeditation #goodnight_meditation #daytime_meditation #MONEYMAGNET #MONEY Hello, Welcome to Silence Mind. In this recording, we are going to tell you most powerful Techniques for fast Money Manifest with Powerful Money Affirmation and Money Love Affirmations with Divine Healing Numbers. Do you really Love Money? We often end up saying, we don't have enough money. Maybe you looked to money as just medium of exchange. Try and change your perspective. Look to money as something you LOVE. When you write 00 53 111 the divine healing number for bomb of love, intent that for MONEY. Surprised?? Yes, that is what creative perception is. Heal your money issues with love. Say Loudly I am completely and totally in love with money. Trust me, Money is not selfish. It will love you back even more! The reason behind this is law of attraction and your subconscious mind. Your subconscious mind works on feelings. The more you infuse your emotions for money, the more your subconscious mind resonates with it. So start loving money!! Money is your love of your life! When you receive money, say "I am so grateful for all the money I have! ". Gratitude, Gratitude, Gratitude. I love money, money loves me" . When you give money, say " I am giving money, and I am receiving more than double of it in return". When you look at your bank account balance, no matter what the balance is, bring up your best smile. Offer gratitude to it. Be thankful for whatever you have. Money Love Affirmations! I love money, money loves me. I am completely and totally in love with money. I am giving money, and I am receiving more than double of it in return. I am so grateful for all the money I have! Trust me, Money is not selfish. It will love you back even more! Money is good, I adore money I have all the money in the world to provide for all the things that I desire Every day, more and more Money keep coming to me with the speed of light Earning money is an easy thing to do Money is literally attracted to me Money is a free flowing energy that keeps coming into my life Money is simply an energy that allows me freedom Money loves to be around me and multiply Money loves me and money is my obedient servant Earning Money is a direct result of the service I provide for other people I earn money constantly by helping other people unselfishly I am a strong magnet to money There is no limit to the amount of money I am capable of earning I love Money and Money Loves me. I always pay my bills with gratitude. I am successful in everything I do. I always have more than enough money to meet my needs. I attract money effortlessly and continually. Money is good and keeps me safe. I am open to receive the abundance of the universe. I am worthy of living an abundant life. I am joyfully receiving wealth and abundance in my life. I am moving towards money. I am creating money in my life. It is great to have money! I am ready for abundance. I am a rich person. I love the energy of money. I am successful and I love it. I am a beautiful, loveable human being. I am successful in everything I do. I am willing and daring to go all the way. I will reach my goals, joyfully and easily. I am always reaching my goals in one way or another. I am joyfully receiving wealth and abundance in my life. I love my self. I love all beings on this planet. I am so happy to be alive. Every day and in every way I am getting better and better. Little by little, I am learning more about money, smart planning and investing
Views: 8718 Silence Mind
What is Money?
 
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Yes Money is just a medium of exchange . But it is much more than that
Views: 72 Kanak Jain
The History of Money and Its Importance in the Free Market
 
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The evolution from trading goods and services to gold as a medium of exchange, to the creation of the first bank to today's currency, and the importance of money in the free trade market. Want to learn more useful trading and investing tips? Check out these playlists: - What is Online Trading Academy?: http://ota.buzz/2u1ed82 - Best of: Stock Trading Tutorials: http://ota.buzz/2IE0qYs SUBSCRIBE to learn everything you need to know about trading: https://ota.buzz/2JRtxbd SIGN UP for a FREE Half-day class! http://ota.buzz/youtube LET'S CONNECT! — https://www.facebook.com/OnlineTradingAcademy/ — https://twitter.com/TradingAcademy — https://www.linkedin.com/company/online-trading-academy/
Top 10 Post Apocalyptic Currencies More Valuable Than Gold
 
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→Subscribe for new videos every day! http://bit.ly/toptenzsubscribe →10 Reasons Bruce Lee was a Superhuman: http://bit.ly/1Hl4mVu Entertaining and educational top 10 lists from TopTenzNet! Brand new videos 7 days a week! Videos are published at 6pm EST every day! Subscribe to our Facebook: https://www.facebook.com/TopTenz/ Other TopTenz Videos: Top 10 Planets That Could Potentially Sustain Life http://bit.ly/1RN7fmv Top 10 Dangerous Countries with Nuclear Weapons and Ambitions http://bit.ly/1TJLSbq Meteors. Zombies. Nuclear War. Contagion. Whatever form it takes, you’ll know it is The Big One when it knocks out our infrastructure and renders all our bank accounts, credit cards, and whatever cold hard cash we are sitting on utterly meaningless. That’s because a fiat currency—paper money, ones and zeroes, or any other medium of exchange that lacks inherent value—requires a robust infrastructure and at least semi-reliable government behind it to make it work. Without that trust and organization (organized, apocalypse-free civilization), trade can’t function using “money” with nothing further to recommend it, whether it is gold or anything else. Text version: http://www.toptenz.net/10-post-apocalyptic-currencies-more-valuable-than-gold.php Coming up: 10. Candles 9. Shoes 8. Children 7. Books 6. Alcohol 5. Knives 4. Seeds 3. Honey 2. Sugar 1. Salt Source/Further reading: http://www.medicaldaily.com/why-were-afraid-dark-evolutionary-and-rational-impulse-protect-ourselves-329414 http://www.offthegridnews.com/how-to-2/survival-candle-making-101/ http://www.today.com/id/50390534/ns/today-today_tech/t/roman-kids-showed-status-shoes/#.Vq0n9VJDFjU http://www.economist.com/node/14447276 http://tressiemc.com/2013/10/29/the-logic-of-stupid-poor-people/ http://family.jrank.org/pages/181/Bride-Price.html http://www.asiancenturyinstitute.com/society/1015-economic-costs-of-asia-s-aging-populations http://www.wsj.com/articles/chinese-families-reluctant-to-let-go-of-one-child-model-1450313206 http://qz.com/231313/children-arent-worth-very-much-thats-why-we-no-longer-make-many/ http://www.livescience.com/2569-gutenberg-changed-world.html http://computer.howstuffworks.com/internet/basics/internet.htm https://evolutionofdruguse.wordpress.com/drivers/economics-2/alcohol/ http://neurosurgery.mgh.harvard.edu/history/beforeth.htm http://science.howstuffworks.com/innovation/inventions/who-invented-the-first-gun.htm http://www.zmescience.com/other/chinese-money-28032011/ http://realtruth.org/articles/100607-006-family.html https://food-hub.org/files/resources/Food%20Miles.pdf http://www.scientificamerican.com/article/how-do-seedless-fruits-ar/ http://www.ars.usda.gov/News/docs.htm?docid=15572 http://www.medicaldaily.com/liquid-gold-7-health-benefits-honey-could-heal-your-whole-body-325932 http://webs.bcp.org/sites/vcleary/ModernWorldHistoryTextbook/Imperialism/section_3/turningpoint1.html https://www.healthline.com/health-news/addiction-sugar-acts-like-drug-in-the-brain-and-could-lead-to-addiction-091813 http://gold-standard.procon.org/ http://www.lsned.com/salary-salt/ http://content.time.com/time/magazine/article/0,9171,925341,00.html http://www.ncbi.nlm.nih.gov/books/NBK50952/
Views: 248336 TopTenz
The 5 Money Mindsets You MUST MASTER TO ATTRACT WEALTH
 
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FREE financial success hypnosis recording download http://jakeshypnosis.com In this video we discuss the 5 money mindsets you must master to attract wealth. Money Mindset Let’s talk about what most of us want: MORE MONEY What if I could show you how to double your income every year, like I’ve done, using 4 simple tools? Imagine how you would feel if you could double your annual income. What would you be doing with your free time? How much less stress would you have? Jake Ducey back from JakeDucey.com And here’s 4 Money Mindsets You MUST have to attract more wealth into your life! MONEY IS NOT GOOD OR BAD. IT’S SIMPLY A MEDIUM OF EXCHANGE. PEOPLE PAY YOU FOR THE VALUE YOU CREATE, NOT FOR YOUR TIME. I TAKE TOTAL PERSONAL RESPONSIBILITY FOR MY MONEY SITUATION * Jim Rohn story about “NOT MUCH” * Poor people never take responsibility and always put the finger * Drop the stories and blame * Grow up getting told what to do * place responsibility outside ourselves * Who’s response-able? YOU * Educate yourself * Push yourself * Refuse to settle for less than you deserve THE MORE I SERVE, THE MORE I EARN. You’re paid for the NEED of what you do You’re paid paid for your ABILITY to do it You’re paid for the DIFFICULTY it is to replace you Stop Settling For Less Than You’re Worth When you know what you’re worth you’ll stop giving discounts ********** CONNECT WITH ME ON SOCIAL Blog: http://www.JakeDucey.com Facebook: http://www.Facebook.com/JakeDuceyauthor Instagram: http://www.instagram.com/jakeducey MY PRODUCTS AND COURSES Subconscious Bootcamp: http://www.subconsciousbootcamp.com Dream Life Workshop: http://www.dreamlifeworkshop.com Second Mind Masterclass: http://www.TheSecondMind.com WANT TO BE COACHED BY ME? At this time, due to overwhelming #'s of applications, please check out my masterclass as a starter to coaching: http://www.TheSecondMind.com
Views: 77709 Jake Ducey
Money supply: M0, M1, and M2 | The monetary system | Macroeconomics | Khan Academy
 
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Different ways of measuring the money supply Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic/factional-reserve-accounting/v/simple-fractional-reserve-accounting-part-1?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic/fractional-reserve-banking-tut/v/full-reserve-banking?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 333222 Khan Academy
Money Printing Technology
 
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Money is nothing more than a medium of exchange. For hundreds of years paper currency has reigned supreme – our ancestors didn’t have to lug around gold coins when they wanted to buy goods and services (more money really did mean more problems!). Paper currency began when individuals brought gold to a bank where their coins would be stored in exchange for a paper receipt that was a promissory note to repay the gold coins. Needless to say, it was easier to carry a receipt than carry the gold. Money has always been a common denominator that allows us to exchange the skills we perform now, into something that society perceives as valuable, in order to redeem it at a later time. Paper currency is a fascinating topic because it’s something we interact with on a daily basis, but we don’t typically give a lot of thought to the printing processes behind the notes. As the printing technology to manufacture currency becomes more advanced, so does the technology for those trying to manufacture counterfeit currency. Staying one step ahead of counterfeiters is the number one priority for both the Bureau of Engraving and Printing in the United States and the Bank of Canada, both of whom produce paper banknotes. Let’s first have a look at the science of printing paper currency, specifically examining the reproduction methods of the Bureau of Engraving and Printing. Then we’ll take an in-depth look at the new Canadian banknotes including why the switch was made to a polymer substrate, as well as security features and broader considerations like the environmental impact and accessibility. Printing Paper Currency In 2010, the Bureau of Engraving and Printing in the United States printed 26 million notes… every day! They have two facilities where the notes are printed: Washington, DC and Fort Worth, TX and the average cost to produce a banknote ranges from 3-12 cents, with an average of 9.6 cents per note. US paper currency is designed with numerous anti-counterfeiting security features (both covert and overt), such as watermarks, micro-printing, security threads that glow under UV light, serial numbers, federal reserve markers and low vision numerals. The Security Features Development Group within the Bureau works very closely with the Secret Service and Federal Reserve Bank to design anti-counterfeiting features.
Money in American History - John Steele Gordon
 
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John Steele Gordon, Author of "Empire of Wealth: The Epic History of American Economic Power" See more from this CCA on Money at http://cca.hillsdale.edu/ Money has been used as a medium of exchange since ancient times. It affects not only economics, but also history, politics, and culture. This second CCA of the 2015-2016 academic year, co-sponsored by the Ludwig von Mises Lecture Series, will examine the history of money, as well as money-related controversies.
Views: 4432 Hillsdale College
Was ist das Geld What money in fact  Money is Material
 
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Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments. What Is Money? It Is More Than Pieces of Paper. So money isn't just pieces of paper. It's a medium of exchange that facilitates trade. Suppose I have a Wayne Gretzky hockey card that I'd like to exchange for a new pair of shoes. Without the use of money, I have to find a person, or combination of people who have an extra pair of shoes to give up, and just happen to be looking for a Wayne Gretzky hockey card. Quite obviously, this would be quite difficult. This is known as the double coincidence of wants problem: [T]he double coincidence is the situation where the supplier of good A wants good B and the supplier of good B wants good A. The point is that the institution of money gives us a more flexible approach to trade than barter, which has the double coincidence of wants problem. Also known as dual coincidence of wants. Since money is a recognized medium of exchange, I do not have to find someone who has a pair of new shoes and is looking for a Wayne Gretzky hockey card. I just need to find someone who is looking for a Gretzky card who is willing to pay enough money so I can get a new pair at Footlocker. This is a far easier problem, and thus our lives are a lot easier, and our economy more efficient, with the existance of money. What Is Money And How Is It Measured? As for what constitutes money and what does not, the article How much is the per capita money supply in the U.S.? gives the following definition, provided by The Federal Reserve Bank of New York: "The Federal Reserve publishes weekly and monthly data on three money supply measures -- M1, M2, and M3 -- as well as data on the total amount of debt of the nonfinancial sectors of the U.S. economy... The money supply measures reflect the different degrees of liquidity -- or spendability - that different types of money have. The narrowest measure, M1, is restricted to the most liquid forms of money; it consists of currency in the hands of the public; travelers checks; demand deposits, and other deposits against which checks can be written. M2 includes M1, plus savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds. M3 includes M2 plus large-denomination ($100,000 or more) time deposits, balances in institutional money funds, repurchase liabilities issued by depository institutions, and Eurodollars held by U.S. residents at foreign branches of U.S. banks and at all banks in the United Kingdom and Canada." Was ist das Geld What money in fact Money is Material ,for more information about video film files browse and subscribe channal at http://youtube.com/user/videofilmfiles
Commodity money vs. Fiat money | Financial sector | AP Macroeconomics | Khan Academy
 
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A brief look at how money has evolved over time from being printed on valuable substances (commodity money), to merely representing those valuable substances (commodity-backed money), to not representing anything at all (fiat money). Created by Grant Sanderson. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/definition-measurement-and-functions-of-money-ap/v/commodity-money-vs-fiat-money?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 58368 Khan Academy
How Banks Create Money and the Money Multiplier- Macro 4.8
 
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Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier. For more practice go to my website www.ACDCecon.com or watch the unit playlist videos. Please subscribe and leave a comment. You rock! Monetary Policy and Despicable Me https://www.youtube.com/watch?v=RaeIBeJT5hY Video about the Federal Reserve https://www.youtube.com/watch?v=qXhXnwDANXo Unit playlists. https://www.youtube.com/watch?v=HQkVO2PsxFw
Views: 406797 Jacob Clifford
Bitcoin Q&A: What is the appeal of sound money?
 
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What functions of money does the current stage of bitcoin fulfill? What is the current popular use case? Why will unit of account be the last function we achieve? Which use cases will accelerate bitcoin adoption in western countries (ex. Germany)? Why should we not be so hard on speculation and hedging against devaluation? What is the appeal of sound money? Will bitcoin become a world reserve currency? Why is gold not a good medium of exchange? How do we incentivise spending of bitcoin, when the current trend is to hold? Why is HODLing simultaneously hard? Why do mainstream economists call it "hoarding" instead of "saving"? These questions are from the HoshoCon event, the October Patreon Q&A sessions, the Seattle 'Internet of Money' tour event, and the November Patreon Q&A session, which took place on October 11th, October 27th, November 10th, and November 17th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Hard Promises, Soft Promises: Promoting Autonomy instead of Authority - https://youtu.be/UJSdMFPjW8c The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4 Escaping the Global Banking Cartel - https://youtu.be/LgI0liAee4s Why Open Blockchains Matter - https://youtu.be/uZPIz3ArQww Decentralised Globalisation - https://youtu.be/QoiR4aNbTOw Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE Beyond Price: Bitcoin's Impact on the Future - https://youtu.be/rvwVbRQ5Ysc Why I'm against ETFs - https://youtu.be/KSv0J4bfBCc Do crypto-banks threaten hard money? - https://youtu.be/Ps78g2_3_6o Regulation and the bank boycott - https://youtu.be/8ypH69Cb1l0 Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc Mass adoption and peer-to-peer commerce - https://youtu.be/n9qIAEFS-Qs Scaling strategies and adoption - https://youtu.be/dML1a_Ek9Kw Price volatility and store of value - https://youtu.be/wzzZT95ijTo Why I earn bitcoin instead of buying - https://youtu.be/Ci7TyD8jETY Job opportunities with cryptocurrencies - https://youtu.be/89_p4pDlQtI Inspiring cryptocurrency projects - https://youtu.be/WW8norCKUbE From barter to abstract money - https://youtu.be/KYsppZoHguQ Crossing the chasm of theoretical vs. real need - https://youtu.be/yIR0OBEAaUE Remittances and smuggling in Venezuela - https://youtu.be/RRXecXfWARw How long until mainstream adoption? - https://youtu.be/y3cKBDBabtA What is the biggest adoption hurdle? - https://youtu.be/jHgyHF3F2TI Bitcoin as everyday currency - https://youtu.be/xYvvSV4mjH0 Hyperbitcoinization - https://youtu.be/AB5MU5fXKfo Why permissioned blockchains fail - https://youtu.be/GEQzlJ_WL-E How to avoid re-creating systems of control - https://youtu.be/EfoGnDoaBL8 Is bitcoin testing governments? - https://youtu.be/UfRGo2LAIpo Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 11282 aantonop
3 Ways To Make More Money - Limitless North
 
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3 Ways To Make More Money - Limitless North How do you make more money? This is a question that we all ask consistently... How do I increase my income, how do I get more out of what I'm doing? Do you understand what money truly is? Only by understanding money can you really learn to make more of it through your pursuits. Money is nothing more than a medium of exchange for value. If you can learn to solve more problems for people and add more value to people you can increase your wealth and income. Many times people think that just by doing more work and becoming more busy they can make more money, but the reality is that we only make more money based on adding more value to the marketplace and increasing the number of people that we add that value too. Second, you should become more valuable yourself. The more that you raise your self worth, your internal value, knowledge, ability, and skills, the more you can bring to the marketplace. So if you increase your internal value, you can give more externally. Thirdly, look for more opportunities to solve problems. If you can solve more problems for people, you can earn more money. Identify a pain point that people have, pinpoint where there are communities gathering around those issues, and then go seek to add value to those communities. ---- LEARN THE FOUNDATIONS OF SUCCESS: http://www.lifestylebillionaireclub.com/sign-up-2/ ---- Limitless North is a personal development channel that breaks down success secrets, tips and tricks for small businesses, self employed business owners, and those who are looking to become inspired, motivated, disciplined, and driven. Here you will learn new knowledge, new skills, tips, tricks and marketing hacks to grow your business, improve yourself, and increase your performance in life. We'll explore goal setting, building inspiration, increasing your income, working smarter and harder, and many more concepts of personal development. Success leaves clues and all of the knowledge in the world is at your fingertips. For things to change, you've got to change. Success is not limited, and we all have a right to be rich. Follow this series and I will teach you to become wealthy. Your future is limitless. ---- -------------------- SUBSCRIBE -------------------- Never miss a video, and join the Youtube personal-development community. Start living life to the fullest: https://www.youtube.com/channel/UCJT87J-x6QRDlUskR6fv2vg
Views: 31 Limitless North
Macroeconomics - Chapter 25: Money, Banks, and the Federal Reserve System
 
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Money is anything that people are generally willing to accept in exchange for goods or services or in payment of debts. Money functions as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. The Federal Reserve (Fed) is the central bank of the United States. The Fed’s three monetary policy tools are open market operations, discount policy, and reserve requirements. The quantity theory of money provides insight into the long-run relationship between the money supply and inflation. In the long run, inflation results from the money supply growing at a faster rate than real GDP.
Views: 1185 Dr. Bill Schlosser
The Most Worthless (very low) Currencies in Asia
 
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A currency is money in any form when in actual use or circulation as a medium of exchange. The UN recognizes 180 national currencies as legal tender. Some Asian nations have paper bills pegged at over several thousands for just a dollar. Asia has many least valuable currencies than any other continent. While the value of some of these currencies is deliberately kept low for specific reasons, value of most of them is low due to poor leadership. Here are the 7 most worthless currencies in the world as of 2014, with exchange rate in Unite States dollar. 7) South Korean Won (1 US dollar = 1,101.49) South Korea has deliberately manipulated its monetary policy to keep its money cheap. This makes the nation’s exports cheaper than those of competitors like Japan. How come the home to global giants like Kia, Samsung and Hyundai has a currency worth .0008 US$? It’s simple. They like it that way. They deliberately manipulate monetary policy to keep their money cheap which makes their exports cheaper than those from competitors like Japan. 6) Iraqi Dinar (1 US dollar = 1,154.44) Plunging oil prices and terrorist activities are impacting the value of Iraqi Dinars negatively. The oil-rich nation is basically enmeshed in a brutal civil war without any cohesive social fabric to pull it back together. It’s not looking good for the Iraqi dinar revaluation. 5) Cambodian Riel (1 US dollar = 4,055.64) Cambodia is still very poor; average annual income is just $946 and malnutrition among children is widespread. Although Cambodia is rich in natural resources, years of war and internal conflict have made it a poor country. The popular tourist destination’s future looks brighter. Tourism accounts for 17% of the Gross Domestic Product. There’s oil being found. 4) Laotian Kip (1 US dollar = 8,063.87) Around three-fourths of the work force of Laos is engaged in growing rice. More than a third of the nation’s population lives below the global poverty line of US $1.25 PPP a day. Lao economy is growing quickly but ¾ of the work force is tied up in growing rice. The government’s goal to come off from the UN Development Program’s list of least-developed countries by 2020 is achievable. 3) Indonesian Rupiah (1 US dollar = 12,869.98) Awful infrastructure, rampant corruption and foot-dragging bureaucrats are affecting the value of the Indonesian Rupiah. The archipelago nation subsidizes gas prices so much, it doesn’t have enough left over to build modern infrastructure. 2) Vietnam Dong (1 US dollar = 21,385.80) Vietnam is astonishingly exotic and utterly compelling nation. The value of the Dong is kept low to boost exports. The nation has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. Deep poverty has declined significantly in Vietnam. The dong is kept low to boost exports and everyone seems to like it that way. 1) Iran Rial (1 US dollar = 26,954.18) Asia’s number least valuable currency is Iran Rial. Iran is hit really hard by the international sanctions over the nuclear program. This West Asian nation’s economy is a mixed economy. Around 60 percent of the economy is centrally planned. Iranian president said recently that the country has the potential to become one of the ten largest economies in the world within the next three decades. You can Like, Comment and Subscribe Here: https://www.youtube.com/channel/UCdV4gLyfdkU03FYM4-pjq5g You can also visit Here: https://www.facebook.com/movieentertaiment/
Views: 2211 Giza TOP 10
Universal Basic Income Explained – Free Money for Everybody? UBI
 
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What is UBI? How would free money change our lives. Kurzgesagt Newsletter: http://eepurl.com/cRUQxz Support us on Patreon so we can make more videos (and get cool stuff in return): https://www.patreon.com/Kurzgesagt?ty=h Kurzgesagt merch: http://bit.ly/1P1hQIH The MUSIC of the video: Soundcloud: http://bit.ly/2BHihcO Bandcamp: http://bit.ly/2AY8lPf Facebook: http://bit.ly/2qW6bY4 A few sources: Cash Transfers and Temptation Goods http://bit.ly/2gfkwsN Debunking the Stereotype of the Lazy Welfare Recipient: Evidence from Cash Transfer Programs Worldwide http://bit.ly/1lFeO5Y The Poverty Trap http://bit.ly/2iCv9cK The short-term impact of unconditional cash transfers to the poor: experimental evidence from Kenya http://bit.ly/2ixSbEn Opinion: Our Broken Economy, in One Simple Chart http://nyti.ms/2vzE1be Modeling the Macroeconomic Effects of a Universal Basic Income http://bit.ly/2xLWUFi On the Economics of a Universal Basic Income http://bit.ly/2BdHoaX What Would Happen If We Just Gave People Money? http://53eig.ht/230Td6X Cash Transfers and Temptation Goods – A Review of Global Evidence http://bit.ly/2cXUTyY Cash transfers: what does the evidence say? A rigorous review of impacts and the role of design and implementation features http://bit.ly/2av62Ya Cash as Capital http://bit.ly/2rGvlgZ THANKS A LOT TO OUR LOVELY PATRONS FOR SUPPORTING US: Kelly-Anne B, Kevin Perot, Ehsan Kia, Larry Peterson, Verteiron, Kristofer Sokk, Lily Lau, Fabian Keller, Hrvoje Stojanović, Chris K, Rebecca Lawson, Jonah Larsen, Tombfyre, Carlos Fuentealba, Logan Spalding, Richard Williams, Sylvain Gibouret, Paul Cowan, François Agier, Tristin, Matthias Monnereau, Qiiii Wang, Hendrik Ewe, Jenny Wang, Steve Root, Erickson Dias, Daniel Dod, Peggy Snow, fxenergy, Stephan Wölcher, Christian Strømnes, Michael, Dave, Anders Mærøe, Peter Sodke, Mathis Rehfeld, Obedient Gamer, Mersija Maglajlic, Christian Kleinferchner, Luke Stowers, Macrieum, Joanna Iwańska, Eli Mahler, Kevin Stamps, K., Mike Danielson, Harethh aljagbir, Panayot Todorov, TechyTF77 , Jacob Hilliard, Paul Flynn, Raymond Carter, Luke Welton, Ryan Kratt, robert oseveno, Hugo Chuang, Seggev Shoresh, Mechanically Cryptic, Niklas Widmann, Moshe Simantov, Sebastian Link, Leezdorfer, Andrei Robu, Karla Brilman, Jason Lopez, n0mir3k, Daniel Mardale Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2 Universal Basic Income Explained – Free Money for Everybody? UBI
The future of money | Neha Narula
 
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What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money — and paints a picture of a very different looking future. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector
Views: 290164 TED
The History of Paper Money - Origins of Exchange - Extra History - #1
 
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Giant stones sunk under the sea? Cows? Cowrie Shells? What do they all have in common? They were all money. Find out how we got from exchanging these things to doing 8 hours of work for a stack of paper that takes 2 seconds to print on The History of Paper Money. (--More below) Support us on Patreon! http://bit.ly/EHPatreon Grab your Extra Credits gear at the store! http://bit.ly/ExtraStore Subscribe for new episodes every Saturday! http://bit.ly/SubToEC Play games with us on Extra Play! http://bit.ly/WatchEXP Talk to us on Twitter (@ExtraCreditz): http://bit.ly/ECTweet Follow us on Facebook: http://bit.ly/ECFBPage Get our list of recommended games on Steam: http://bit.ly/ECCurator ____________ ♪ Get the intro music here! http://bit.ly/1EQA5N7 *Music by Demetori: http://bit.ly/1AaJG4H ♪ Get the outro music here! http://bit.ly/23isQfx *Music by Sean and Dean Kiner: http://bit.ly/1WdBhnm
Views: 1235750 Extra Credits
The Sound Money Campaign - Your Future
 
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http://www.SoundMoneyCampaign.com is a dedicated advocate of honest money, this means money that is determined by the free markets, not governments, and not central banks. The United States Dollar is the world reserve currency, medium of exchange, and for all intents and purposes, the world's money. However it is not sound money, it is manipulated, devalued, and ultimately is nothing more than a piece of paper that represents debt. The U.S. Dollar originally became the world reserve currency because of its tie to gold, however in 1971 under President Nixon, the dollar's last tie to gold was severed. Since then we have seen a loss of purchasing power due to inflation. In 1971 it took 36 cents for a gallon of regular gasoline, 53 cents for a dozen eggs, and $1.18 for a gallon of milk. It is important to understand that the dollar has no inherent value, it is just a medium of exchange in order to get the goods and services you want, so in order for this much destruction to happen to a medium of exchange, you have to realize that it is not the goods and services that are rising, but the value of the dollar that is falling. World citizens have been conditioned to believe that money comes from the government or central banks. Our goal with http://www.SoundMoneyCampaign.com is to help educate as many people as possible about what money actually is, its purpose, and why we need to end the central banking scheme that has enslaved humanity. With educating the population about money, we can then start to rethink what is real value. For example, once you understand real value, you will stop looking at your net worth in dollars and start looking at it in terms of real things like gold. With an educated population and an advocate for alternative currencies, outside the banking system, like gold or digital free market currencies, we believe we can end the central banker occupation by opting out of their system completely. For the facts and truth about the U.S. currency crisis. Signup for our free newsletter at http://www.SoundMoneyCampaign.com
Views: 3391 SoundMoneyCampaign
The Billion Coin TBC Explained   What is TBC
 
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The TBC presentation video explains what TBC is and how you can profit from the increase in value while TBC in in its current growth phase. A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often called as Altcoins. Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency. Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money (Money which has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through government decree), government has no control over cryptocurrencies as they are fully decentralized. Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto. During the first launch of Bitcoin/BTC last June 2009, 1 coin is only valued $0.0001 and only few wise risk takers invested in this new idea. Many who are not patient enough to wait for its value to rise even sold their coins at a cheap rate. 4 years later, as BTC's value increased, a Cyptocurrency exchanger was launched boosting its value up more than ever. An exchanger is a system where Bitcoin can be converted into cash and can be sent directly through different bitcoin wallets, banks or even door to door delivery. It is also a system that allows Bitcoin to be used as a mode of payments to different institutions all over the globe. As of February 2016, the value of bitcoin is playing from $1000 - $1059.52 per coin. Compared to its $0.0001 value when it was first launched, all BTC stakeholders who waited patiently are now millionaires. Same process happened to The Billion Coin or TBC. The only difference is, TBC was initially launch last March 2016 and only valued €0.00010. In just a year, even without Exchanger, TBC is now currently valued more than €1435.72 per coin making all its current stakeholders billionaires in a short span of time. However, unlike BTC, which took 4 years to established an exhanger, TBC was said to have planned one probably within this year. Although many are waiting for the much awaited TBC exchanger, government institutions and many merchants are now slowly welcoming TBC as a mode of payment for their goods. Hence, many does not realize that the more you plan to push the exchanger to launch, the slower it gets for the TBC coin to reach its maximum value of 1 Billion per coin. To make it sound easier, TBC was not designed like BTC where the value goes up and down depending on it its usage but TBC determines its value to the number of members who joined the community as it said to increase it value from 1%-5% everyday at 8:00pm. While hundreds of different cryptocurrency specifications exist, most are derived from one of two protocols; Proof-of-work or Proof-of-stake. All cryptocurrencies are maintained by a community of cryptocurrency miners who are members of the general public that have set up their computers or ASIC machines to participate in the validation and processing of transactions.
Views: 1052 TBC know how
Paper Money Vs Gold & The Future of Islam (The collapse of the global economy) Part 2
 
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Paper Money Vs Gold & The Future of Islam Gold retains a value that has been recognized across the globe throughout history. Our paper money is a "fiat" currency that can be printed without limit and has no real value – its value is only maintained by the "full faith and credit" of the government. Gold has real value due to its beauty, usefulness, and scarcity. Humanity has recognized the value of gold as a medium of exchange dating back to 550 BC, when the King of Lydia (modern day Turkey) began minting gold coins. Steve Forbes, Editor-in-Chief of Forbes magazine, says gold "retains an intrinsic, stable value better than anything else." A gold standard puts limits on government power by restricting its ability to print money at will. With a fiat currency the government can essentially manufacture money virtually out of thin air.] Since leaving the gold standard in 1971 US currency in circulation (M1) increased from $48.6 billion to over $1 trillion dollars in 2012. Between 1971 and 2003 the entire supply of money (M3) in the United States has increased by 1,100%. [29] Under a gold standard, new money could only be printed if a corresponding amount of gold were availabe to back the currency. This restriction is an existential check on government power. According to Supreme Court Justice Stephen Field (1863-1897)," arguments in favor of the constitutionality of legal tender paper currency tend directly to break down the barriers which separate a government of limited powers from a government resting in the unrestrained will of Congress. Those limitations must be preserved, or our government will inevitably drift from the system established by our Fathers into a vast, centralized, and consolidated government." Our current fiat monetary system is inherently un-democratic. Our current fiat monetary system empowers an unelected central banking committee (the Federal Reserve) to determine whether the supply of money grows or is reduced rather than allowing market forces to determine the supply of money as they would under a gold standard. Fiat dollars allow government to spend money without raising taxes, which shields them from democratic accountability. Instead, they impose the hidden tax of inflation. Returning to a gold standard would lower inflation rates and slow the rise in consumer prices. Historically, the United States has had lower levels of inflation when on a gold standard. From 1880-1913, under a gold standard, average inflation was 1.6% per year. In 1971, when Nixon took the United States off the gold standard, inflation was at 3.3%. By 1979 it had risen to 13.3%.] In a study of 15 countries covering the years 1820-1994, Federal Reserve economists found the average annual inflation rate under a gold standard was 1.75%, versus 9.17% when not on a gold standard.] From 1971 to 2003 the dollar lost nearly 80% of its purchasing power due to inflation.] Between 1971 and 1980 the inflation rate rose from 4.4% to 13.5%. By 2011, the dollar's purchasing power had been reduced to the point that it has the same purchasing power as 19 cents did in 1971 Returning to a gold standard would reduce the US trade deficit. Our current fiat money system allows the Fed to finance large trade deficits by printing money, allowing Americans to purchase imported goods "without really paying" for them. Since abandoning the gold standard in 1971, the United States has had the highest trade deficits the world has ever seen – reaching a high of $378.6 billion in 2009. Since 1995, foreign nations have taken the fiat dollars received in payment for exports, and used them to invest in United States debt (Treasury Bonds). In this way, foreign creditors have financed 50% of the US national debt since 1995. According to US Representative Ron Paul, this "free lunch cannot last. Printing money, buying foreign products, and selling foreign holders of dollars our debt ends when the foreign holders of this debt become concerned with the dollar's future value." A gold standard would restrict the ability of the federal government to increase the national debt. Under the fiat money system used by the United States the government can raise money by issuing treasury bonds – which the Federal Reserve can purchase with newly printed money. These bonds count toward the national debt. Between 1971 and 2003, the national debt went from $406 billion to $6.8 trillion - an increase of 1,600%. This increase in debt corresponded with an 1,100% increase in the money supply (M3) between 1971 ($776 billion) and 2003 ($8.9 trillion). [As of Dec. 26, 2012 the national debt stood at $16.3 trillion. As a percentage of the GDP (gross domesic product) the national debt has more than doubled since leaving the gold standard in 1971 - going from from slightly under 30% to 67.7% in 2011.Please watch: "khilafah: Blessing of Unity of the ummah & the Dangers of a Divided Ummah ,Who Should Lead ? Part 1" https://www.youtube.com/watch?v=YEqNOXePF3E --~--
Views: 84 Shiekh Omar Baloch
World's Most Confusing Currency? (IRANIAN RIAL)
 
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One of my favorite things to do whenever I enter a new country (like Iran) is analyzed their currency situation, exchange rate and how these things affect their economy. I’ve handled many inflated currencies -- such as the Indonesian RUPIAH and Vietnamese DONG — but here in Iran, the RIAL gets a lot more confusing than inflation. Iran has 2 different systems to count their money. The first is RIALS (the official Iranian currency), and the second is TUMAN (which is like the Rial, without the last zero). As a traveler, you don’t know which price is listed unless you ask. $1 USD = 50,000 Rials and that same $1 dollar = 5,000 Tuman. Sound confusing? ... It is! Moreover, the only way to get money in Iran as a tourist is by bringing lots of cash (USD or Euros is preferred) and then exchanging it for Iranian Rials when you arrive. The reason is because there are no ATMs in Iran that cater to foreign banks. If you are as confused reading this as I am typing it out, then this video will explain the confusing world of the Iranian Rial a little better. Just curious, did you know anything about this before I made this video? Please share your thoughts on this below! And special thanks to G Adventures for hosting me on this life changing trip! Music: Epidemic Sound ► SUBSCRIBE for daily travel videos: http://bit.ly/2hyQnZ1 ► Are you on Instagram? Join me @drewbinsky! ► Travel Blog: https://drewbinsky.com/ ESSENTIAL GEAR (these are affiliate links, meaning I make a small commission at no additional cost to you. Your purchase helps me continue making these videos!) ► Panasonic Lumix GH5 (main camera): https://amzn.to/2rC8hi9 ► DJI Spark (drone): https://amzn.to/2IdS09r ► Go Pro Hero Session 5: https://amzn.to/2rE1mo3 ► MacBook Pro 15'': https://amzn.to/2Ga9Qs3 ► 2TB Lacie External Hardrive: https://amzn.to/2Ihh2IW ► JOBY Gorilla Tripod: https://amzn.to/2rJtAOU ► Osprey 46L Backpack: https://amzn.to/2rJtGWM Want $30 off your next hotel booking? Use this link: https://www.booking.com/s/faf31869 ... (You will get $30 credited to your account immediately after your stay. You're welcome!) FIND ME ON SOCIAL MEDIA: ►Facebook @drewbinsky: https://www.facebook.com/drewbinsky/ (I post daily videos there too!) ►Instagram @drewbinsky: https://www.instagram.com/drewbinsky/ ►Snapchat @drewbinsky ►Twitter @drewbinsky: https://twitter.com/drewbinsky MORE ABOUT ME: https://drewbinsky.com/about/ CONTACT ME: drew (at) drewbinsky (dot) com
Views: 1125747 Drew Binsky
History of Money Documentary
 
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Please order ebook/audiobook of this video to support our channel https://www.smashwords.com/books/view/735022, https://www.amazon.co.uk/History-Money-IntroBooks-ebook/dp/B0716GR86L/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1540125179&sr=1-1&keywords=History+of+Money+introbooks or https://www.audible.com/pd/History-of-Money-Audiobook/B071RXYYT7?qid=1540125183&sr=sr_1_1&ref=a_search_c3_lProduct_1_1&pf_rd_p=e81b7c27-6880-467a-b5a7-13cef5d729fe&pf_rd_r=73HQ949AW46NYTJ6A5C3& The history of money tells us of the development of the means through which transactions can be carried out with the help of a medium of exchange. From eons now, man has been exchanging goods for a certain price. This price came either in the form of other goods or money. The interesting journey of money from barter products to bitcoin and electronic money covers different ways in which societies and cultures perceived money.
Views: 14954 Education Channel
How Banks DON'T Create Money! William Jevons
 
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How Banks DON'T Create Money http://www.premiershipbusiness.com http://www.putneybreeze.com.au/suburban-financial-champion/ Hi it’s Chris Catto, the author of How to Become a Suburban Financial Champion. Over the best part of the last 20 years my career has been focused on financial management. More recently over the last four years I have been regularly presenting for leading global accounting bodies and institutes both locally and overseas. As the cost of living increases putting pressure on your household budget, as annual holidays, small personal luxuries and the simple dream of home ownership becomes more out of reach, it become more critical that you understand the nature of money to get ahead in your personal financial life. To improve your personal financial circumstance you must understand the key critical relation between three concepts; 1. Value and how it is created 2. Money and how it is used in the exchange and value 3. Wealth and the wealth creation process and what wealth is. In this video I’d like challenge the myth that banks create money. If you were to read William Jevons classic work Money and the Mechanisms of Exchange you will learn that there are key fundamental pillars associated with money. a) Money is a Medium of Exchange b) Money is a measure of Value c) Money holds a Standard of Exchange d) Money is a store of value In our modern world today money is no longer a permanent store of value. Why? Because of inflation depreciates the value of your money every year. To give you an overview of where money comes from you’ll need an express history lesson. Historically paper money was a promissory note. Because the monetary system is based on future work to substantiate the monies in the marketplace, it is critical you understand this concept. In our online masterclass series teaching How to Become a Suburban Financial Champion I teach you where value comes from, the roll of money and the relationship with creating wealth so that you can get ahead and create the life style that you deserve. Go on comment, thumbs up or down on this quick insight on money and why banks don't create money they create currencies. And they create value which is yet to be substantiated by future work often represented by debt. http://www.putneybreeze.com.au/suburban-financial-champion/ http://www.premiershipbusiness.com
👁️ (YOGA) REJECT DEMONIC NEW AGE Pt. 4 | Steven Bancarz + Josh Peck
 
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Yoga is bringing in extra money for your pastor while bringing in many unseen faces to the church! You too can turn your sanctuary into a HAVEN for demons by renting out your building to yoga instructors! Learn the truths about the spiritual side of meditation and yoga from former New Agers, Josh Peck and Steven Bancarz! Episode 260 12132018 👁️ (YOGA) REJECT DEMONIC NEW AGE Pt. 4 | Steven Bancarz + Josh Peck GIVEAWAY! Today on #CrackYourBible, we have Josh Peck and Steven Bancarz here to expose the Satanic agenda infiltrating the Church today - New Age Spirituality. As former New Agers, turned Christians, Both Peck and Bancarz have the expertise to show you exactly how to spot Satan’s craftiest trick yet! One of Christians biggest questions today has nothing to do with Jesus, but rather, “can Christians do yoga!?” We're not talking about simply wearing "yoga pants" but rather the supposed benefits of yoga, and what happens in a studio filled with incense and photos of yogi. Learn the truth about the prayer poses of yoga and if Christians like you can repurpose the Hindu stretches and Vedic chants to bring about the Christian Holy Spirit. For those not in the occult, whether your friends and family are asking about Jesus, aliens, miracles, the astral plane, meditation, lucid dreaming, tarot, Nephilim, giants, spirit guides, or other supernatural phenomena and prophecy, it’s time Christians stop being fearful and prepare to allow the Holy Spirit to use them guide their loved ones to the Truth of Jesus Christ by pointing to scripture to accurately answer any spiritual questions. It's time for Christians to get serious about Bible study and apologetics. THIS SERIES IS NOT SPONSORED. I did not receive ANY payment or free items in exchange for this interview, my review of this book, nor are the prizes for Crack Your Bible’s giveaway sponsored by Josh Peck, Steven Bancarz or any companies with whom they may be associated. ⚠️ ⚠️ ⚠️ *ENTER THE GIVEAWAY HERE!* ⚠️⚠️⚠️ https://gleam.io/dEB3A/second-coming-of-the-new-age-official-collection-giveaway *BUY SECOND COMING OF THE NEW AGE* 👉 *SkyWatch TV:* https://www.skywatchtvstore.com/collections/book-specials-packages/products/second-coming-of-the-new-age-official-collection 👉 *Amazon:* https://www.amazon.com/Second-Coming-New-Age-Spirituality/dp/1948014114 🔗 *Related Links* Josh Peck: https://joshpeckdisclosure.com/ https://www.skywatchtv.com/ Steven Bancarz: http://reasonsforjesus.com/ Pilates: https://en.wikipedia.org/wiki/Pilates Yoga definitions: Atman: https://www.yogapedia.com/definition/5245/atman Brahma: https://www.yogapedia.com/definition/5272/brahma Brahman: https://www.yogapedia.com/definition/5274/brahman Moksha: https://www.yogapedia.com/definition/5318/moksha Sun Salutation: https://www.yogapedia.com/definition/5033/sun-salutation Hatha: https://www.yogapedia.com/definition/5441/hatha ——————————————— 🌟 Find CrackYourBible episodes by topic: https://rachelnstephens.com/episode-index/ 💖 Support: https://rachelnstephens.com/support/ https://www.patreon.com/crackyourbible *Get involved!* 🙏 Join the Intercessory Prayer Team: https://www.strava.com/clubs/crackyourbible 🌍 Join the Global Outreach Ministry Team: https://rachelnstephens.com/support/global-outreach/ 🎬 *Other videos related to this video* -Stop Demonic Attacks Playlist (3:02) - https://www.youtube.com/playlist?list=PL_NBGIln_4kKJDL_RaKHBq1eMHTksirZn -Thai Hindu Shrine at Caesars Palace Las Vegas (14:24) - https://youtu.be/GNfasRokYNE -Quitting Pagan Holidays (17:55) - https://youtu.be/f0cg7E3R0mk -But Colossians 2 says… (18:11) - https://youtu.be/SSbup2NkAV4 -Rachel N. Stephens 👋 Reach out to me! Support: https://www.paypal.me/CrackYourBible My Website: https://rachelnstephens.com Google+: http://tinyurl.com/RachelGooglePlus Instagram: @rachelnstephens https://www.instagram.com/rachelnstephens/ Medium: @rachelnstephens https://medium.com/@rachelnstephens Twitter: @rachelnstephens https://twitter.com/rachelnstephens 🎵 Music: Ice Flow by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200088 Artist: http://incompetech.com/ “Scripture quotations are from the ESV® Bible (The Holy Bible, English Standard Version®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved. May not copy or download more than 500 consecutive verses of the ESV Bible or more than one half of any book of the ESV Bible.”
Views: 4526 Rachel Stephens
money
 
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https://youtu.be/1GOMnDnuuwM Paper and coinage that can be used to exchange for goods and services. More of it equals power and chicks.The root of all evil.Of unusually high quality; very good; excellent: this wine is money; A tool used to get what you want, when you want it.The only thing very hardly ever refused by anyone.the only thing that matters in the world. not the money itself but the concept of having wealth, being rich.Currency in the form of paper or metal. Sometimes a few pieces of this paper can be worth more than your life.The little pieces of paper and earth that control all of mankind. It is ironic that we are slaves to trees and rocks.Money is any marketable good or token used by a society as a store of value, a medium of exchange, and a unit of account.
Views: 29 Darryl Toler
METal August 5, 2017 - Money is No Object - with Omar Bham
 
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It has been called one of the “greatest technological breakthroughs since the Internet.” It also has been called “a black hole” into which a consumer’s money could just disappear. The subject at hand is cryptocurrency—a medium of exchange created and stored electronically, and using encryption techniques to control the creation of monetary units and to verify the transfer of funds. Bitcoin, perhaps the most widely known example, has been a media sensation and an investment fad. But so far this new way of storing and spending value has inspired more debate than actual commerce. Of course, not all media coverage surrounding cryptocurrency has been positive, with several high profile situations noting Bitcoin’s use in a variety of illicit contexts. Clearly this gives potential stakeholders reason for concern. However, it is our view that this simply highlights the need for constant vigilance and is not necessarily representative of the industry as a whole. We also anticipate that this will change as the industry matures. At this week’s METal our expert guest speaker Omar Bham will provide an overview of what cryptocurrency is and how much consumers know about it. In addition, he will discuss potential positive uses of this new instrument. Dispelling some of the myths surrounding cryptocurrency, while providing perspective on the promise and positive impact of the blockchain public ledger technology behind it. We also discuss some potential disruptive impacts of blockchain in other areas across the financial services industry. Omar Bham or his handle is Crypt0 is the top YouTube star on Blockchain and cryptocurrency.
Views: 139 Ken Rutkowski
#Bitcoin2014 - History of Money & Lessons for Digital Currencies Today
 
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Bitcoin 2014's The Digital Economy's Panel: History of Money & Lessons for Digital Currencies Today took place on Saturday, May 17, 2014 at the Passenger Terminal Amsterdam (PTA) Backstage Area from 12:00pm-1:00pm. Mankind has used money for more than 2,500 years. Realizing the limitations of a simple barter economy and the constant requirement of a coincidence of wants that it brings, cultures across the world used forms of money as a medium of exchange and a store of value. Beginning with commodities such as grain and cattle, gold and silver emerged as the most common form of money throughout history. This form of money was apolitical, with a limited and practically inelastic supply. Over the last 1,000 years, governments have experimented with paper money systems over which they have complete control. Since 1971, and for the first time in history, the entire world has adopted a paper money system - unbacked by any commodity and with a completely elastic supply. Bitcoin has emerged as a new challenger to the current status quo of government-controlled paper money. With its decentralized, peer-to-peer payment system - independent of any central control - this digital currency has the potential to revolutionize how the public use money in the 21st Century. This panel asks what lessons Bitcoin and other digital currencies can learn from the history of money so far, and what are its prospects for adoption worldwide in the years ahead. Moderator: Ludwig Siegele (Online Business and Finance Editor, The Economist) Speakers: Simon Lelieveldt (Regulatory Consultant, SL Consultancy) Erik Voorhees (Co-Founder, Coinapult) Konrad Graf (Author & Investment Research Translator) Tuur Demeester (Founder, Adamant Research)
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 913085 CrashCourse
LA VIDEO LA MOINS INTERRESANTE AU MONDE- Trading make sick, yellow and red la
 
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Trade involves the transfer of the ownership of goods or services from one person or entity to another in exchange for other goods or services or for money. Possible synonyms of "trade" include "commerce" and "financial transaction". Types of trade include barter. A network that allows trade is called a market. The original form of trade, barter, saw the direct exchange of goods and services for other goods and services. Later one side of the barter started to involve precious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade. Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions may have a comparative advantage (perceived or real) in the production of some trade-able commodity, or because different regions' size may encourage mass production. As such, trade at market prices between locations can benefit both locations. Retail trade consists of the sale of goods or merchandise from a very fixed location, such as a department store, boutique or kiosk, online or by mail, in small or individual lots for direct consumption or use by the purchaser.[1] Wholesale trade is defined as the sale of goods that are sold as merchandise to retailers, and/or industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.[2] Trading is a value-added function: it is the economic process by which a product finds its end user, in which specific risks are borne by the trader. Trading can also refer to the action performed by traders and other market agents in the financial markets.
Views: 43 CramSi
How Does Cryptocurrency Work? GCC GROUP CEO PRESENTATION
 
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How Does Cryptocurrency Work? GCC GROUP CEO PRESENTATION 01. What is a cryptocurrency? A cryptocurrency is a virtual medium of exchange that uses cryptography to secure the transactions and to control the creation of new units. In short term, cryptocurrency represents money in digital form. It is based on cryptography, networking and open-source software. It lets people avoid fees that banks charge and take part in non-cash transactions anonymously while still guaranteeing that transactions would be secure. 02. How many cryptocurrencies exist? The number of cryptocurrencies is constantly growing since almost anyone can create his or her own using open-source code. At the moment there are more than 500 cryptocurrencies. One of the most up-to-date list of the cryptocurrencies, along with the most fundamental data on each of them, is available at coinmarketcap.com. 03. What is an alternative currency? It is a currency which is an alternative to the officially used national or international currency. They are created by an individual, corporation or organization, they can be created by national, state or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. 04. Is it difficult to obtain a coin of a given cryptocurrency? It depends on a few factors. Generally speaking, if the cryptocurrency was introduced relatively recently, the computing power needed to mine a coin is significantly lower than the well-established cryptocurrency coins. You can get it: • As a payment for goods or services. • by purchasing coins at coin exchange websites. • by exchanging coins with someone near you. • by earning it through mining. 05. Why should I get involved? Because it is very profitable. You can either mine coins or you can simply invest in them. Ever-expanding ecosystems provide multiple opportunities for doubling or even tripling your assets. What is more, the value of cryptocurrency is constantly being evaluated and re-evaluated as more and more people join. At the beginning of the cryptocurrency revolution an initial 100$ investment brought hundreds of thousands of dollars of profit- and this opportunity is still available to you! 06. What is a difference between the particular cryptocurrencies? Basically all cryptocurrencies follow the same peer-to peer consensus network mechanisms, although every currency has its own unique characteristics, like calculating algorithms. The difference lies mostly in popularity of the given currency- how many people are involved in circulating the coin, and how many places accept the currency. However, most currencies are not compatible to each other and do not interoperate – they operate in their own ecosystems. 07. What is the difference between a cryptocurrency, a digital currency, and a virtual currency? Virtual Currency is any currency that is not printed on paper or stamped into metal. It’s virtual because it only exists in the virtual world. Virtual currency potentially can represent physical currency. Money you have in a bank can be considered virtual currency, as it is not in physical form and only exists in the bank’s ledger. If they lose the ledger, your money is gone. Digital currency is a virtual currency that specifically exists in the digital space, meaning that it maps to some digital storage, likely a hard drive somewhere. Digital Currency includes things like Microsoft Points, Wii Points, Facebook points and cryptocurrency. Cryptocurrency is both digital and virtual currency that is created based on some cryptographic algorithm. No one ‘mints’ this currency, they solve cryptographic algorithms using hardware and electricity to get the representation of one unit of value, typically called a ‘coin’. Bitcoin, Litecoin, and altcoins are all cryptocurrencies. 08. Where can I use cryptocurrency? With many companies accepting the change and others getting ready to, cryptocurrencies are an extremely fast-spreading currency. Small businesses aren’t missing out on the action; many small shops have made the switch as well. QR codes are the biggest help in real-world bitcoin transfers. Using a smartphone and a coin wallet app, a user scans a label and presses a small buttoned aptly named “spend.” The list of companies, organizations, hotels, restaurants and many, many other enterprises that accept cryptocurrency is constantly growing as more and more people get involved with the “people’s money”. 09. What can I use cryptocurrencies for? Anything you would use regular money for! And with a growing market more and more companies (small and large) are jumping the bandwagon. Click and register the link below https://www.thegccgroup.com?ref=Richandes
Views: 127 Reynaldo Andes
What Is Money? (1947)
 
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What Is Money? (1947) Following journey of five dollar bill thru many transactions, film shows how money functions as standard of value, standard for future payment, storehouse of value & convenient medium of exchange for goods or services. To help with the A/V Geeks mission to share these forgotten films unearthed in their archive, this film and hundreds of others can be purchased on DVD (http://www.avgeeks.com/wp2/all-av-geeks-dvds/). Higher quality versions of this film can also be licensed for stock footage. Contact [email protected] for more information.
Views: 215 A/V Geeks
What is COMMODITY MONEY? What does COMMODITY MONEY mean? COMMODITY MONEY meaning & explanation
 
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BROWSE The Internet EASY way with The Audiopedia owned Lightina Browser Android app. INSTALL NOW - https://play.google.com/store/apps/details?id=com.LightinaBrowser_8083351 What is COMMODITY MONEY? What does COMMODITY MONEY mean? COMMODITY MONEY meaning - COMMODITY MONEY definition - COMMODITY MONEY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money. Example of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies. Commodity money is to be distinguished from representative money which is a certificate or token which can be exchanged for the underlying commodity, but only as the trade is good for that source and the product. A key feature of commodity money is that the value is directly perceived by the users of this money, who recognize the utility or beauty of the tokens as they would recognize the goods themselves. That is, the effect of holding a token for a barrel of oil must be the same economically as actually having the barrel at hand. This thinking guides the modern commodity markets, although they use a sophisticated range of financial instruments that are more than one-to-one representations of units of a given type of commodity. Since payment by commodity generally provides a useful good, commodity money is similar to barter, but is distinguishable from it in having a single recognized unit of exchange. (Radford 1945) described the establishment of commodity money in P.O.W camps. People left their surplus clothing, toilet requisites and food there until they were sold at a fixed price in cigarettes. Only sales in cigarettes were accepted – there was no barter Of food, the shop carried small stocks for convenience; the capital was provided by a loan from the bulk store of Red Cross cigarettes and repaid by a small commission taken on the first transactions. Thus the cigarette attained its fullest currency status, and the market was almost completely unified. Radford documented the way that this 'cigarette currency' was subject to Gresham's law, inflation, and especially deflation. In another example, in US prisons, after smoking was banned circa 2003, commodity money has switched in many places to cans or foil pouches of mackerel fish fillets, which have a fairly standard cost and are easy to store. These may be exchanged for many services in prisons where personal possession of currency is prohibited. In situations where the commodity is metal, typically gold or silver, a government mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity of the metal. In doing so, the government will often impose a fee which is known as seigniorage. The role of a mint and of coin differs between commodity money and fiat money. In situations where there is commodity money, the coin retains its value if it is melted and physically altered, while in a fiat money it does not. Usually in a fiat money the value drops if the coin is converted to metal, but in a few cases the value of metals in fiat moneys have been allowed to rise to values larger than the face value of the coin. In India, for example fiat Rupees disappeared from the market after 2007 when their content of stainless steel became larger than the fiat or face value of the coins. In the US, the metal in pennies (97.5% zinc since 1982, 95% copper in 1982 and before) and nickels (75% copper, 25% nickel) has a value close to, and sometimes exceeding, the fiat face value of the coin. Although some commodity money (barley) has been used historically in relations of trade and barter (Mesopotamia circa 3000 BC), it can be inconvenient to use as a medium of exchange or a standard of deferred payment due to transport and storage concerns, and eventual rancidity. Gold or other metals are sometimes used in a price system as a store of perceived value that does not break down due to environmental deterioration and that can be easily stored (demurrage).....
Views: 193 The Audiopedia
What is: Money?
 
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In this video we define money. We get to the root of what money is and break down the three main purposes of money: -Medium of Exchange -Unit of Account -Store of Value Website: http://www.viducate.com FB: http://www.facebook.com/viducateinc
Views: 120 Viducate.com
Money as a System-of-Control
 
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We know that money serves as: - A Store of Value (SoV) - A Medium of Exchange (MoE) and - A Unit of Account (UoA) But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control. This talk took place at the Advanced Digital Innovation Summit on September 12th 2017 in Vancouver, Canada: https://antonopoulos.com/event/adisummit-vancouver-canada/ QUESTION & ANSWER: Biggest threat to cryptocurrencies - https://youtu.be/MNXSDaD97x0 ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A RELATED: The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 The Digital Currency Commons - https://youtu.be/nYBKWrqR4I8 Open Blockchains for Cashless Developed Economies - https://youtu.be/eo-0BgrKxiI Hardware, Software, Trustware - https://youtu.be/Etyjc1JdmFU Fake News, Fake Money - https://youtu.be/i_wOEL6dprg Blockchain vs. Bullshit: Thoughts on the Future of Money - https://youtu.be/SMEOKDVXlUo Separation of money and state - https://youtu.be/jGmtRA9S7_Y Could governments take over exchanges? - https://youtu.be/9PrJQeKl9w4 Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Unstoppable code - https://youtu.be/AQx3E3F8Kz4 Irreversibility and consumer protection - https://youtu.be/R107YWu5XzU Scaling, trust, and trade-offs - https://youtu.be/vCxmHwqyJWU The Switzerland of currencies - https://youtu.be/pV83Qmy578c How is fungibility tied to privacy? - https://youtu.be/VuI-8EwqIS8 Fungibility, privacy, anonymity - https://youtu.be/y3s8c7YDtXU Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 89734 aantonop
Interview | Cashaa : Next Generation Banking Platform | CEO Kumar Gaurav
 
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Today we interviewed Kumar Gaurav, CEO of Cashaa, the Next Generation Banking Platform. Cashaa is a global multicurrency platform to bank the crypto industry. Cashaa Links : Website https://cashaa.com Telegram https://t.me/cashaaltd Medium https://medium.com/cashaa LinkedIn https://www.linkedin.com/company/cashaa Facebook https://www.facebook.com/cashaaLtd/ Twitter https://twitter.com/CashaaLTD Instagram https://www.instagram.com/cashaa.official/ YouTube https://youtube.com/cashaaltd Cashaa, founded in 2016, has built a blockchain-powered forex platform, offering innovative exchange and money transfer services between fiat and cryptocurrencies. After initial successes, they decided to build the complete banking solution for the next generation. Their team has more than 200+ years experience in Payments and Banking which includes executives from Fortune 100 technology companies, central bank and top academic institutions. Our Bitcoin Chaser Links! Bitcoin Chaser Website https://bitcoinchaser.com/ Join Our Bitcoin Chaser Socials! Facebook - https://www.facebook.com/BitcoinChaser Twitter - https://twitter.com/BitcoinChaser?ref=Chaser_Footer Telegram - https://t.me/joinchat/EKJYGw_c1049QY73qSMwyA Instagram - https://www.instagram.com/bitcoin_chaser_/ Remember at any stage of this video, feel free to drop us a comment and let us know your thoughts keywords cashaa, kumar, gaurav, banking platform, multi-currency,
David Korten  - The Great Turning
 
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Dr. David C. Korten worked for more than thirty-five years in preeminent business, academic, and international development institutions. Served for five and a half years as a faculty member of the Harvard University Graduate School of Business, where he taught in Harvard’s middle management, MBA, and doctoral programs. Asia regional adviser on development management to the U.S. Agency for International Development before he turned away from the establishment to work exclusively with public interest citizen-action groups. Excerpt from David C Korten– How to liberate America From Wall Street July 2011; Most people use money every day and rarely think to ask: What is money? Where does it come from? Who decides who gets it and for what purpose? Money is essential to modern commerce as a medium of exchange. In earlier days, money took the form of material objects. As commerce grew, certificates redeemable in gold became popular. Most contemporary money is no more than a number stored on a computer hard drive and has value only because people agree to accept it in exchange for things of real value, like their labor. The fact that most money is nothing but a number is not necessarily a problem, so long as we are clear that money itself has no intrinsic value and structure the money creation process to facilitate beneficial exchanges that build the real wealth of individuals, families, communities, and nature. The fact that money is only a system of accounting entries becomes a serious problem when the economy is managed to make the inflation of financial assets its defining purpose and a few individuals are allowed to game the system to enrich themselves free from the exertions of contributing to the production of real wealth. When the system gives to an elite group of private bankers the power to determine who has access to money and who does not, it renders democracy impotent and virtually assures an extreme and growing gap between the profligate few and the desperate many. When the citizenry is uneducated in the nature of money and the implications of money system design, it is powerless to resist. Our common future depends on educating ourselves regarding the true nature of money and the implications of the structure of the institutional system by which it is created and allocated. Only then will we create a democratically accountable money system that operates as our servant, not our master. The most powerful master is the one who rules unseen and unmentioned. In modern societies, the money system is that master. Those who control the creation and allocation of money control the nation’s values and priorities.
Views: 92 Iain Parker
The old allure of new money
 
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The cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money. There are now nearly 2,000 cryptocurrencies, and millions of people worldwide are excited by them. What accounts for this enthusiasm, which so far remains undampened by warnings that the revolution is a sham? One must bear in mind that attempts to reinvent money have a long history. As the sociologist Viviana Zelizer points out in her book The Social Meaning of Money: “Despite the commonsense idea that ‘a dollar is a dollar is a dollar,’ everywhere we look people are constantly creating different kinds of money.” Many of these innovations generate real excitement, at least for a while. As the medium of exchange throughout the world, money, in its various embodiments, is rich in mystique. We tend to measure people’s value by it. It sums things up like nothing else. And yet it may consist of nothing more than pieces of paper that just go round and round in circles of spending. So its value depends on belief and trust in those pieces of paper. One might call it faith. Establishing a new kind of money may be seen as a community’s avowal of faith in an idea, and an effort to inspire its realisation. In his book Euro Tragedy: A Drama in Nine Acts, the economist Ashoka Mody argues that the true public justification for creating the European currency in 1992 was a kind of “groupthink,” a faith “embedded in people’s psyches” that “the mere existence of a single currency…would create the impetus for countries to come together in closer political embrace.” New ideas for money seem to go with the territory of revolution, accompanied by a compelling, easily understood narrative. In 1827, Josiah Warner opened the “Cincinnati Time Store” that sold merchandise in units of hours of work, relying on “labour notes,” which resembled paper money. The new money was seen as a testament to the importance of working people, until he closed the store in 1830. Two years later, Robert Owen, sometimes described as the father of socialism, attempted to establish in London the National Equitable Labour Exchange, relying on labour notes, or “time money,” as currency. Here, too, using time instead of gold or silver as a standard of value enforced the notion of the primacy of labour. But, like Warner’s time store, Owen’s experiment failed. Likewise, Karl Marx and Friedrich Engels proposed that the central Communist premise – “Abolition of private property” – would be accompanied by a “Communistic abolition of buying and selling.” Eliminating money, however, was impossible to do, and no Communist state ever did so. Instead, as the British Museum’s recent exhibit, “The Currency of Communism,” showed, they issued paper money with vivid symbols of the working class on it. They had to do something different with money. During the Great Depression of the 1930s, a radical movement, called Technocracy, associated with Columbia University, proposed to replace the gold-backed dolla

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