Search results “Money is more than a medium of exchange”
Money is more than currency. Choose wisely.
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: 16 Gold'N'Roll
Money  - Truth Talk with Isira
In this 30 minute exploration, Isira examines the role of money in society and our relationship with it. While practically, it is simply a medium of exchange... our relationship to it is a lot more complex. This tells us a lot about the nature of ourselves, our desires, our fears, and the society we have created. With penetrating insight, borne of the direct experience we can all access, Isira cuts through the desire and confusion money can evoke... and asks us - what do we desire when we simply rest in our natural state of Beingness? Is it anything other than just this Beingness? **************************************** ISIRA’S FREE ONLINE PROGRAM ALPHA BREATHING: http://bit.ly/AlphaBreathing ISIRA'S WEBSITE: http://bit.ly/isira MASTERING MEDITATION PROGRAM: http://bit.ly/MasteringMeditationProgram SUBSCRIBE TO ISIRA'S CHANNEL: https://www.youtube.com/user/isiralivingawareness?sub_confirmation=1 SUBSCRIBE TO ISIRA’S NEWSLETTER: http://bit.ly/IsiraNewsletter
What is a Currency?
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
What is MONEY? [AP Macroeconomics Review]
In this video Heimler explains what money is and what money does. Money is more than the dollars in your pocket. Money is a medium of exchange and a store of value. We’ve all agreed that the little green pieces of paper we hold in our wallets are valuable, and therefore we use those liquid means to exchange. If you’re taking AP Macroeconomics then this video fits with your curriculum in Unit 2.
Views: 117 Steve Heimler
What Is Money?
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: 25292 The Atlantic
Bitcoin Regulation: Is Bitcoin a Medium of Exchange? | SDBullion.com
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: 76 SD Bullion
Paper Money Vs Gold & The Future of Islam (The collapse of the global economy) Part 1
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: 473 Shiekh Omar Baloch
Is Bitcoin the Future of Money? Peter Schiff vs. Erik Voorhees
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: 538850 ReasonTV
Money and Finance: Crash Course Economics #11
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: 769724 CrashCourse
Welcome to Silence Mind. Comment: No of Days of Practice with 5 Statement for Money Love. In this recording, we are going to tell you the 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 the 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 the 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 the 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 free-flowing energy that keeps coming into my life Money is simply an energy that allows me the 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 You can join our online workshop for free or can ask for help on Telegram Group: https://t.me/joinchat/LCiMZRFnSEHt4Nj7q5s3nQ Thanks for Watching. Please Like, Comment, Share and Subscribe We are uploading one Video for Everyday Subscribes now and See Something New Something Abundance Connect with us: WEBSITE: https://silencemind.com FACEBOOK: https://www.facebook.com/silencemind741/ YOUTUBE: https://www.youtube.com/silencemind TWITTER: https://twitter.com/silencemind_com Telegram Group Joining Link: https://t.me/joinchat/LCiMZRFnSEHt4Nj7q5s3nQ ♡ THANK YOU FROM BOTTOM OF OUR HEARTS ♡ We Silence Mind would like to thank all you Beautiful Souls, who support us by listening to our meditations and healing music, giving us their feedback, sending us their #love and blessings This all helps us to continue on our journey, on our mission. MISSION to bring more peace and mindfulness in people's lives through Music, Meditation and Chants. And you make this journey more beautiful for us, every day, by joining in these sessions. Thank You All from the bottom of our Hearts. Team Silence Mind ❮ Infinite Love and Gratitude ❯
Views: 12737 Silence Mind
What Is Money Really?
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: 5012 Coach Corey Wayne
What is the Gold Standard? - Learn Liberty
Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. Learn more: http://bit.ly/1HVAtKP. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard? SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN LIBERTY Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP
Views: 308587 Learn Liberty
Commodity money vs. Fiat money | Financial sector | AP Macroeconomics | Khan Academy
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: 69514 Khan Academy
Bitcoin Q&A: Will bitcoin become the world's reserve currency?
Could bitcoin becoming the world's reserve currency? Will it be more than digital gold? Why did gold not work out as a medium of exchange? Should we desire mainstream adoption if bitcoin becomes a mandated currency, or should we strive for currency choice? The only people who can afford to use surveillance currencies are those with a government that is not corrupt enough yet. These questions are from the Polish Bitcoin Congress (Polski Kongres Bitcoin) Warsaw, Poland, and the November Patreon session, which took place on May 12th 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 What is the appeal of sound money? - https://youtu.be/tfba4FFErrQ 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 Adoption of disruptive technology - https://youtu.be/eMZAjw0KiSM Fostering adoption with empathy - https://youtu.be/Wrb8tfqYPzw Bitcoin, Lightning, and Streaming Money - https://youtu.be/gF_ZQ_eijPs 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: 23365 aantonop
Litecoin $LTC | Will Litecoin be the medium of exchange of the future?
►►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: 3260 Crypto Cowboys
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: 87179 Jake Ducey
💲 Money vs. Barter | Characteristics of Money
Money vs. barter. Why is barter ineffective? What are the characteristics of money that allow it to be used that way? Learn Austrian Economics in a fun way! LINKS SUPPORT our project: http://bit.ly/2fgJR9e Visit our website: http://econclips.com/ Like our Facebook page: http://bit.ly/1XoU4QV Subscribe to our YouTube channel: http://bit.ly/1PrEhxG ★★★★★★★★★★★★★★★★★★★★★★★★★★ Music on CC license: Kevin MacLeod: Home Base Groove – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/...) Źródło: http://incompetech.com/music/royalty-... Wykonawca: http://incompetech.com/ Kevin MacLeod: Decisions – na licencji Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/) Źródło: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100756 Wykonawca: http://incompetech.com/ Reasons to Smile ★★★★★★★★★★★★★★★★★★★★★★★★★★ Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
Views: 37929 EconClips
Money Printing Technology
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.
The value of money.
In a world faced with the challenges of financial and social inclusion, a strong and trusted currency is fundamental to the integrity of a nation. A banknote represents many things. It’s a promise of monetary value, a store of wealth, legal tender, a medium of exchange and an emblem of international trade. It’s a physical manifestation of a nation’s ability to participate securely in a global economy. With over 500 billion notes currently in circulation, cash is the fastest, cheapest and most secure payment method with 3.5 million cash machines dispensing over £192m each year. As global specialists in banknotes and currency, we are the partner you can trust to deliver the right solution for you. Want to know more? Talk to us. www.delarue.com
Views: 231 De La Rue plc
A Brief History of Money - The Barter System to the Modern Economy
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: 2395 Mattys Modern Life
Cryptocurrency's Biggest Use Case is Speculation with Murad Mahmudov (CIO Adaptive Capital)
In today's debate, we are joined by Murad Mahmudov. Murad is CIO of Adaptive Capital, a multi-strategy cryptocurrency hedge fund with a deep focus on on-chain analytics. He's been a well known crypto analyst and we have an in-depth debate on the topic of cryptocurrency and speculation. Time-stamped the key points in the debate below: [00:50] Murad explains his introduction to Bitcoin as an exchange student living in China. [02:47] Review of Murad’s claim: There are far fewer people who care about decentralized, sovereign uninflatable currency for its own sake than you think. Cryptocurrency’s biggest use case is speculation. For better or worse, speculation and human greed are your biggest hope. Ninety-nine percent of people, be they rich or poor, don’t care about decentralization, self-sovereignty, privacy, sound money, Austrian Econ, uncensorable payment or libertarian/ancap/cypherpunk ideals. The vast majority of people care about getting rich in a short amount of time. [03:47] Maturity cycle of cryptocurrencies and new forms of money not supported by the government and why Bitcoin is currently between a collectible and store of value in this cycle. [07:10] Murad explains why it’s necessary for Bitcoin to increase in price, market cap, and volume to become more stable and liquid. [08:37] Why Murad disagrees that a medium of exchange or unit account must exist for something to be a store of value. [10:15] Comparison of ‘hodling’ to the reservation demand and why people should hold onto their Bitcoin since it is not a stable unit of account or medium of exchange. [11:54] The history of how gold became a global, dominant form of money; Murad explains why he refers to Bitcoin as ‘digital jewelry’. [16:32] Gresham's law, Thiers law, inflation and how silver lost its monetary power to gold. [19:45] If it’s agreed that store of value needs to happen before a form of money can become a medium of exchange, how do you measure if Bitcoin is becoming a good store of value or not? [21:45] The anxiety reduction theory of money and its influence on where people choose to store their money. [24:03] Why Ethereum is more exciting than Bitcoin for engineers, but the opposite is true from the perspective of investors or economists. [27:30] How efficient security increases the value of a decentralized platform. [29:00] Murad, why do you believe if the tokens don’t have as much value, they won’t be as secure? [30:14] Niche, practical use cases for decentralized, blockchain applications. [37:30] Murad, why do you think the Bitcoin community is somewhat evangelist in promoting its narrative? [38:49] Viewing cryptocurrencies as social contracts and different blockchain as cultures. [41:29] In the long run, if we’re going to compare blockchains to religions, do you think there will be more than one dominant chain? [42:40 ] Why self-interest and the desire for self-preservation, security, and peace are main drivers for increasing the price of Bitcoin (and other cryptocurrencies) and supporting technologies forward. [44:01] If people are motivated to hoard Bitcoin because it’s deflationary, will hoarding prevent Bitcoin from becoming a dominant medium of exchange? [46:58] How the Lindy effect, developer mindshare, and desire for particular blockchain will influence the ability of another cryptocurrency to become a better store of value than Bitcoin. Questions from the audience: [32:52] What do you think are the biggest risks for Bitcoin, in the long run, if any? [35:40] What are the most exciting things you’re looking forward to in the Bitcoin community? Are they mostly speculation or some technological things we can be looking forward to? [38:26] Murad, what did you mean when you said that cryptocurrencies are less about technology and more about people? [48:50] What are your thoughts on Grin and Beam?
Views: 465 TruStory
Macroeconomics - Chapter 25: Money, Banks, and the Federal Reserve System
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: 1783 Dr. Bill Schlosser
What is Money?
Yes Money is just a medium of exchange . But it is much more than that
Views: 111 Kanak Jain
Silver Hoax?
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: 5051 davincij15
The History of Paper Money - Origins of Exchange - Extra History - #1
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: 1670940 Extra Credits
Was ist das Geld What money in fact  Money is Material
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
Universal Basic Income Explained – Free Money for Everybody? UBI
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
A brief history of money - From gold to bitcoin and cryptocurrencies
https://www.udemy.com/blockchain-for-business-the-new-industrial-revolution/?couponCode=YOUTUBE A brief history of money - let's consider the concept of money as an abstraction of value. Money is as old as human civilisation and civilisation itself is reliant on possessing ways in which to exchange, account for, and transfer value. What once started as barter trade (trading goods for goods) was replaced using standardized token money. Gold and silver were the first universally accepted natural choices for money. Actually, they fit the bill so well that they were the primary form of money for centuries across the globe and have been instilled in human culture... I bet when I say "gold" you instinctively think of value or wealth. After this came paper money – a more user-friendly way to carry and move around value compared to precious metals. China was the first to adopt it in the 7th century. The first European banknotes weren't issued until the 17th century. It took people several centuries to accept the new paradigm at the time and shift from gold and silver coins to banknotes backed by these same precious metals as the widely used form of money. This led to the birth of 'the gold standard'. The banknotes themselves didn't hold any intrinsic value like gold and silver coins do. Instead, paper money was backed by precious metals (like gold and silver) stored in a treasury vault somewhere. This was the case until 1944. At the end of World War II, yet another related system was introduced, the "gold exchange standard", under the Bretton Woods agreement. This meant that many countries fixed their national currencies’ exchange rates to the US dollar which was in turn convertible to gold at a fixed rate. Not only that, but this convertibility was no longer available to individuals or companies, only to central banks. However, the Bretton Woods system ended in 1971, when the US dollar convertibility to gold was terminated. So long "the gold standard" and commodity-linked money. Paper money is no longer backed by gold or anything else tangible but just faith! Welcome to the world of fiat currencies! So how does paper hold any value if it's not backed by anything? Well, that's where concepts like legal tender come in. The fiat system, which we still use today, has governments assign value to a currency, declaring it a legal tender. This means a government decides whether a medium of payment will be recognised for financial transactions, trade settlement or commerce in a country or jurisdiction. Throughout all these stages we had an idea of value in our mind but it has evolved hand in hand with our civilisation and technology. From something you can touch and actually use, to something you can touch but cannot use except for trade, to just an abstract idea. On facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 9501 365 Careers
The Most Worthless (very low) Currencies in Asia
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: 2686 Giza TOP 10
Top 10 Post Apocalyptic Currencies More Valuable Than Gold
→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: 273080 TopTenz
The Sound Money Campaign - Your Future
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: 3461 SoundMoneyCampaign
Bytecoin & Money- Could Bytecoin become a Global Cryptocurrency? // Bytecoin Guru
Welcome, Bytecoin Enthusiasts! In this video BytecoinGuru discusses money and its nature, in a brief, but thought provoking way. A way that takes the approach of comparing apples to apples. What a better way to do that than to actually compare? The more well rounded we are regarding our options for store of value and choice in medium of exchange- the better equipped we are dealing with it. Enjoy the thoughts and facts and please share your opinion! It matters! Thanks for visiting, and don't forget to subscribe if you'd like to hear more Of BytecoinGuru's Bytecoin Digest Plenty more to come! For More Bytecoin Related information visit BYTECOIN.GURU - YOUR BYTECOIN GO-TO This is where you will be able to see and read about everything Bytecoin related. Resources, Technical Analysis, News & Updates and even a Community Forum! Bytecoin (BCN) is extremely undervalued and now is the time to get involved with this awesome project! To trade your Bitcoin for other popular cryptocurrencies, some of the exchanges you can visit are: 1. Binance: https://www.binance.com 2. Poloniex: https://www.poloniex.com 3. Bittrex: https://www.bittrex.com If you would like to support Bytecoin.guru and what it stands for, subscribe and turn on the notifications to stay updated with BCN's development. Below are links that one can find useful: bytecoin.org cryptonote.org Bytecoin Guru's BCN Intro https://www.youtube.com/watch?v=PTBk6XDNbqw&t=2s
Views: 170 Bytecoin Guru
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
Money as a System-of-Control
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: 98134 aantonop
Trade, or commerce, involves the transfer of the ownership of goods or services, from one person or entity to another, in exchange for money, goods or services. 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.[1] Barter is trading things without the use of money.[1] 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.
Views: 2 Alamgir Hossain
The Best Encrypcurrency Documentary - Skipjack Dime Phenomenon
What is Skipjack DIme? What is Encrypcurrency? Encrypcurrency to take charge of the global market as the “Rise of dime” emerges. However, MR Skipjack, an unknown scientist, electronics expert in embedded hardware and software including robotics and a futurist science fiction, inventor of encrypt currency declares Skipjack (SKJ) as the first encryption currency to oppose traditional fiat money and cryptocurrencies. In cryptography, Skipjack is a block cipher, an encryption for transmission of information. It uses a Diffie-Hellman key exchange algorithm for distribution of the cryptographic session keys between peers. This tech is said to be developed by U.S. National Security Agency (NSA) but that’s by the way. In this post, I will be making more reference to Skipjack dime itself. You can read more about Skipjack (cipher) algorithm on Wikipedia. Skipjack was born from the weakness of crypto currency. It is a global digital currency and the world’s first secure global encrypt currency in the form of digital to be traded in international financial markets by 2019 and it will be used by more than 50,000 members in a 2018 world conference service, Digital World Congress , to buy, share, and trade knowledge, goods, and services. The value of SJK is determined on the supply and demand plus financial markets from a basket of underlying asset in the form of currencies, commodities and carbon futures. In 2017, Carmen Group from UAE Royal family and a private group of business based in Dubai and London acquired non disclosed amount for the exclusive right from the inventor of Encrypt Currency, Mr SkipJack .Carmen Group becoming World Exclusive Owner and Distributor encryp currency and shall announce that skipjack will be first encryp currency with underlying assets added to the weighted basket that determines the value of Skipjack. According to the company, this change made skipjack “the first and only currency that is linked to the supply and demand backed by asset.” Skipjack is managed by the Feistel Core Network (FCN), that is, it can be sent anywhere and to anyone and is convenient to use. Its structure also makes it great for the environment Carmen Group Superencryp Block Foundation will announce in 2019 the development of Skipjack Funds, derivative financial products based on the Skipjack, including micro-finance and commodity asset pools. According to plan, Skipjack will be used as a fundraising tool for Presidential campaign in 2019. The question whether skipjack currency is a potential. Skipjack have three useful qualities in a currency, they are “hard to earn, limited in supply and easy to verify”. Economists define money as a store of value, a medium of exchange, and a unit of account and agree that skipjack has some way to go to meet all these criteria. It does best as a medium of exchange. More info visit www.skipjackx.com
Views: 699 Skipjack Official
Christian Economics
www.ScripturesForAmerica.org Scriptural Insight and Study 10/30/2011 Economic and monetary laws Comments: There is perhaps no other aspect of a nation or function of government that will affect the lives, prosperity and well being of a people more than the economic system and monetary principles of a nation. An economy of a nation is essentially the degree of freedom the people possess expressed in material terms. The economy that operated upon the lives of those in biblical times was a type of free enterprise system, where each individual could accumulate, trade, sell and dispose of possessions as he chose. Trade and commerce has been an economic necessity throughout time. Through such means a man exchanges the results of his labor for the results of the labor of others. Money was often used to represent a certain amount of labor and was exchanged for both labor or possessions. While gold was on occasion used in monetary transactions, silver became the common form of money so that the word used for money was keceph (silver), as in Gen. 23:13 - I will give thee money (silver) for the field." Silver was thus money, a measure of value, and a medium of exchange, as the U.S. silver coins were. The word shekel (shaqal, 'to weigh'), it should be noted, was a weight and not a coin, as is also true of the English pound and American dollar. All commodities traded and sold, as well as precious metals used as money, were required to be measured and weighed according to established standards. Their measure in length, capacity, volume, weight, and value all had prescribed units (e.g., shekel, bath, omer, ephah, cubit, gerah, dram, etc.), which no one was allowed to deviate from-"You shall not have differing weights and differing measures" (Deut. 25:13-14). The use of usury or interest was severely condemned in Bible law. Usury was regarded as unjust gain (Prov. 28:8), and creates financial burdens (Neh. 5:4-10), as its use requires more to be paid back than what was borrowed. The repugnance the Bible conveys towards usury was carried over and adopted in the English Common Law: "Usury was held in abhorrence in England at as early a date as the reign of Alfred (c. 875 A.D.), and the severest powers of the king and the church were exerted against the usurer" (Story, Law of Cont., � 590). Sir Edward Coke says, "it appears that, by the ancient laws of the realm, usury was unlawful and punishable" (Ibid.; citing, 3 Coke's Institutes 152). The Bible identifies usury as any amount of interest or increase derived from the loan of money. Usury thus signifies the illegal loan or rent of money. Martin Luther compared the taking of usury with theft and murder, as does the Scriptures. While the Bible requires that we loan to a needy brother that which he needs, it also cautions us against borrowing and debt. Borrowing creates debt and debt -is nothing more than economic bondage. In order to prevent permanent financial burden by having unpayable debts accumulate, God's law requires a sabbatical "year of release" every seven years. On that year all obligations of debts and balances owing were to be canceled. A canceling of all debts in the nation was thus to occur at an established time or year, according to the national cycle of seven years. If no period was established then the debt would last for only six years from the time it was incurred.
LA VIDEO LA MOINS INTERRESANTE AU MONDE- Trading make sick, yellow and red la
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
What is COMMODITY MONEY? What does COMMODITY MONEY mean? COMMODITY MONEY meaning & explanation
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: 916 The Audiopedia
Best Short-Term Investment Options (for high return 🚀)
⁉️ Does this sound familiar: You've got some money sitting around in cash and you want to invest it and make a decent return. BUT 💭 you don't want to tie up your money too long 💭 you don't want to lose it Are there opportunities that even exist in today's low interest environment for short-term investing? There are a ton of you that are in this same situation with money sitting in cash- but you don't know what you options are. Today I am going to talk about this very topic in response to a reader question I received. 💻 My reader, Tien asked "What is the best thing to do with my money for short-term grown when I still want accessibility?" I offered a few tips for Tien: ✳️ Even with low interest rates, keep enough in savings for emergencies ✳️ Don't be tempted by short-term growth ✳️ Peer-to-peer lending is not a short-term investment ✳️ Exchange Traded Funds (ETFs) - They are low cost and offer a variety of options. Keep an emphasis on short-term bond ETFs in the 1-3 year range. You can get all the detailed information on each of these options in the video. 😉 ➡️ You can start your Betterment account here: https://www.goodfinancialcents.com/resources/betterment-youtube-invest-10k.php ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Credit Payment App, the digital money solution to the world's unbanked
🔥🔥 CREDIT has listed on CATEX and WADAX EXCHANGES. Trading is live with CREDIT/BTC and CREDIT/ETH pairs. 💹 https://www.catex.io/trading/CREDIT/BTC 💹 https://www.catex.io/trading/CREDIT/ETH 💹 Wadax.io: https://wadax.io/trade/CREDITBTC Terra ongoing Programmes 🔥🔥🔥 ✅✅ Join Terra / buzzex exchange bounty to claim 30,000 credit in rewards. Fill this form to claim your reward 👉 https://bit.ly/2HpNRBH Buzzex voting rules : Register 👉https://buzzex.io/pre-launch and then go to 👉https://buzzex.io/vote and search for CREDIT to cast your free vote. We only need 1,000 votes to be listed for trading, but the more votes the better. So show us your support and vote for CREDIT. 🚫 Buzzex voting has been stopped due to Buzzex exchange launch. Voting page will be uploaded soon. _____________ 📢📢 Round 7 Airdop is live 🔷Register and create an account, once you login you will instantly be awarded with 30,000 Credit coins for round 7 https://terra-credit.com 🔷All existing users will get 15,000 credit instant as they login in their account 🔷5000 Credit per referral unlimited 📢📢 TERRA BOUNTY CAMPAIGN - Phase 3 of 4 is live Duration: 4 weeks | Start: 19/04/2019 | End: 15/05/2019 | Total Bounty Value: 1,000,000,000.00 CREDIT (1 BILLION) 👉https://docs.google.com/forms/d/e/1FAIpQLSee7hUCv-b_EDN0yg-dOZz15jJBGcIypIgB9AU9C_Pf2R9AfA/viewform?usp=sf_link ______________ ✨✨✨✨✨✨✨✨✨✨✨ 🌎Official links :- Facebook: https://m.facebook.com/terracreditproject/?_rdr Twitter: https://www.twitter.com/creditterra Medium https://medium.com/@terracredit8 YouTube: https://www.youtube.com/channel/UCPuDgHaN3yKPP945YfLQkcg Explorer : http://terra.credit Github Source : https://github.com/The-Terra-Foundation Bitcoin talk: https://bitcointalk.org/index.php?topic=5114929 Whitepaper: https://terra-credit.com/whitepaper.pdf ✅✅ Now TERRA is supporting Arabic, Russian, Indonesian & hindi, French, Spanish, Portuguese, Nigerian Community 👉Russian group : @terracreditrus 👉Indonesian group : @terracreditind 👉Arabic group : @terracreditara 👉Hindi group : @terracredithin 👉Portuguese group : @terracreditpur 👉French group : @terracreditfre 👉Spanish group : @terracreditspa 👉Nigerian group : @terracreditnig 👉Vietnamese group : @terracreditvie Thanks to all for your love and continued support to Terra 👏👏👏
Views: 4193 Terra Credit
Virtual currency Money three minutes to learn of Bit money crasy world Created from Internet
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
How To Make Money With Your Gold and Crypto ATM - NEW From Karatbars
Learn everything you need to know about Karatbars International, Gold backed Crypto, KBC Coin, KCB Coin, KaratBank, KaratPay, and the gold-based eco-system. The best savings and asset protection plan, and the most unique business opportunity for 2019. https://www.gainwithjames.com/globalexodus To Learn More, Register for our weekly live Wednesday Wealth webinar, 9:00pmET/8:00pmCT/7:00pmMT/6:00pm PAC. https://www.gainwithjames.com/globalpreciousmetalswebinar Join our live Business Presentation every Tuesday at 7:00pm ET / 4:00pm PAC. Also join our affiliate training call each Thursday at 7:00pm ET / 4:00pm PAC. Call: +1-605-313-4100. Access Code: 286580* You can also access our 24/7 Gold Standard webinar, available here: https://goldstandardwebinar.com For more information about gold and gold-backed assets, please feel free to visit James & Grace's Facebook page on Global Precious Metals, at: https://www.facebook.com/GlobalWealth4U Join our Facebook group - Global Precious Metals Forum: https://www.facebook.com/groups/globalstackmetal You can also get updates and strategies from our Global Precious Metals YouTube channel. Please subscribe to our channel for the latest news: https://www.youtube.com/playlist?list=PLDS3HhLJKsExNMs1dxyUm3vqAanMVACzK&playnext=1&index=1 #KARATGOLD We believe that everyone should have some gold bullion as a hedge against inflation and to secure their financial future. Earning Gold is better than paying for it out of your own pocket. A new and truly unique way to earn Gold through an affiliate system instead of paying for it out of your own pocket. We’re assisting a lot of people in owning gold. Karatbars International provides a way to generate additional cash flow, accumulate hard assets in #GOLD, and help others do the same! Karatbars International makes it easy for you to save physical gold in small transaction friendly sizes of 1g, 2.5g, or 5g increments; real gold in your hand! Making a gold purchase is simple and only takes a few short minutes. Get back in touch with the person who shared #KARATBARS INTERNATIONAL with you for your FREE GOLD SAVINGS ACCOUNT! Contact us anytime: James and Grace Karatbars International Independent Affiliates Any questions email: [email protected] https://www.gainwithjames.com/globalexodus Karatbars presents unique gold products worldwide. Only at KaratBars. Karatbars has made acquiring gold bullion within reach of people around the world by making it more affordable, more accessible and more transaction friendly. KaratPAY is developed by KaratBank and Karatbars International for the purpose of the transaction of CashGold. By registering with KaratPAY you can buy, transfer and deliver CashGold. Just open a KaratPAY account for free. The KaratGold Coin is a blockchain-based cryptocurrency. Specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. With Karatbars, people can get off the debt wheel and create real long term meaningful - inflation proof - savings. With their e-Commerce platform and their powerful affiliate system, you can literally get paid in both cash and gold for saving money and showing others how to do the same. Karatbars is the #1 Home Based Business Opportunity in 2019. Karatbars is also the first company with an affiliate sales model to have a cryptocurrency backed by 999.9 Gold Bullion called the Karatgold Coin (KBC). Now trading on HitBTC and other exchanges such as the Hong Kong Exchange Coin Super. Harard Seiz recently made the bold promise that on Independence day July 4th 2019, 100 KBC Coins will be worth 1 Gram of Gold. ***** DISCLAIMER We are not certified financial planners/advisors nor certified financial analysts. The contents on this video and our sites are for informational and entertainment purposes only and do not constitute financial, accounting, or legal advice. No one can guarantee that the information shared in our videos or sites is appropriate for you or anyone else. **** References: Karat Bars KaratBars KaratBars International Harald Seiz Harold Seiz Joseph Heit KaratCoin Bank KC Bank KaratGold KaratBit K1 Phone K1 Impulse phone K1 IMPulse Smartphone KaratGold Coin KBC Payment system KCB Gold Standard Gold Standard Coin Hard Fork KExchange Gold Gold cryptocurrency Gold backed cryptocurrency LBMA Bullion Precious metals Silver Cryptocurrency exchange Crypto markets crypto exchange Crypto currencies how to earn in crypto How to earn in gold How to earn in precious metals Mintbuilder VK Gold Club APL Jewel Initial Coin Offering Alt currencies Digital currencies ICO Blockchain make money from home home based business
David Korten  - The Great Turning
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: 93 Iain Parker
Money its Characteristics and Theory | Chp 10 Macro Economics
We all know what money is. We may have different terms for it—smackers, c-notes, dead presidents, Benjamins, bucks, bones, clams, dough, moolah—but money usually finds a way to overcome these barriers of dialect and speak to us all. Economists, however, have a language all their own when it comes to money. They define it as something that serves as a medium of exchange, a unit of accounting, and a store of value. Money is a medium of exchange in the sense that we all agree to accept it in making transactions. Merchants agree to accept money in exchange for their goods; employees agree to accept money in exchange for their labor. As a unit of accounting, money provides a simple device for identifying and communicating value. How much is that bicycle? It’s $200. Without this convenient, readily understood unit of accounting, setting and communicating value would be difficult. How much is that bicycle? Well, less than a piano but more than wheelbarrow—I’d say that bicycle is worth about one third of a piano plus two backpacks and a small pizza. Two hundred bucks is a little easier, right? Money serves as a store of value in that it allows us to store the rewards of our labor or business in a convenient tool. In other words, money lets us store the value of a long, hard week of work in a tidy little stack of cash. Without money, how would we set aside the compensation we receive for later use? We could be paid in cows, but that would not be a very convenient way to set aside our unspent compensation. We could be paid in pizzas, but the value of our labor would not be stored in the rotting little pies for very long. In other words, economists largely define money by the functions that it serves. It need not be green and made of paper, and it need not be little metallic discs—money is anything that fills those three essential functions. Now, the best money is also highly convenient—it is light, easy to carry, and can be broken into smaller units for easy exchange. (If we used cows for money, how would we give change?) But most important, it must serve as a medium of exchange, a unit of accounting, and a store of value.
Views: 25 Learners' Tube
Making Money as a CUTE NOOB at the Grand Exchange
BUY SOME MERCH - https://teespring.com/stores/dicerz Twitch Profile: Dicerz Twitter Handle: @Dicerz Discord Invite Code: PsTgScm If you would like to see more old school runescape videos, feel free to subscribe to this osrs channel and leave a comment suggesting what kinds of osrs videos you'd like to see in the future. Old School Runescape is an old version of RuneScape, taking place from what RS was like in 2007. You can play OSRS for free at https://oldschool.runescape.com Channel Artist's Contact: @andrewwdesigns (twitter) Video Editor: [email protected]
Views: 40414 Dicerz
Earn Money From Mobile | Without Investment | Work Only 5 Minutes | Start Now
App Link https://go.fyndi.ng/earn Refferal Code :- DRQTQY Money, as defined by Webster's dictionary, is an economic tool, a "medium of exchange." Thus, we trade our physical labor for paper money and then exchange our paper money (or credit!) for the material goods we want. But money is much more than simply an economic tool. It is also psychological currency that buys emotional satisfaction. Money touches the essence of who we are and stirs our souls in ways that few things can. In fact, there's a sense in which money talks to part of our society—always by saying goodbye. First, it says goodbye to the typical family who struggles to work more hours yet still spends more money than they've earned; or to family members who vainly squandered hundreds, even thousands of dollars each year on gambling and lottery tickets. Second, money says goodbye to the married: Conflicts over money are a leading cause of divorce. Money produces deep conflicts between husbands and wives as it exposes differences in personality, lifestyles, beliefs, and goals. These tensions pull on a marriage because money often reveals our most closely held values, and when those values are violated, many of us react forcefully. Third, money says goodbye to the living: It is the leading cause of murder and a major contributor of depression and suicide. "Money stress blamed in 3 deaths" read the headline of an article whose graphic nature was exceeded only by its familiarity. "The outburst of gunfire in Reston [Va.] that left three people dead was the result of 'financial stress' in the family," the news account began. "Police would not say what kind of difficulties led 40-year-old [Joe Smith] to shoot and kill his 36-year-old wife, and 7-year-old son, and wound his 11-year-old daughter, then take his own life." how to make money online, make money with apps, how to, earn, new 2017, earn money from mobile site, earn money from mobile phone, earn money from mobile india, earn money from mobile phone without investment, earn money from mobile recharge, earn money from mobile app, how to make money from my android phone, mouthshut money earning trick, android money earning trick, hindi, tutorial, hindi/urdu, android hidden, android money, money making apps for android, money making apps for android phones, https://www.facebook.com/noorani.shaikh.92 I request the viewer to PLEASE SUBSCRIBE MY CHANNEL
Views: 44 Az Noor Tech
Why Did You Leave Haiti
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?
#Bitcoin2014 - History of Money & Lessons for Digital Currencies Today
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)
3 Ways To Make More Money - Limitless North
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