Money is simply a means of exchange. In pre-monetary societies, a bartering system was used in the direct exchange of goods and services between people. Barter eventually developed into various forms of commodity money or objects that most people wanted and were willing to exchange for goods and services. As Read more…
Bitcoin is an experimental, decentralized, digital crypto-currency that enables instant transactions between two parties located anywhere in the world. Bitcoin uses peer-to-peer technology which operates through the Internet. Thus, there is no bank, credit union, or clearing house needed to act as a middle man. Managing transactions and issuing money Read more…
1. “The people who are the hardest to love are usually the ones who need it the most.” The most difficult people to get along with are usually difficult because no one tries to love or get to know them. In other words, they appear unlovable because of a gruff Read more…
Greetings gold enthusiasts! I just wanted to send you an educational video on the difference between fiat currency and commodity-backed currency. Of course, fiat currency is what we have now with the U.S. dollar. Typically, fiat currencies don’t last any longer than 27 years. The U.S. dollar has been Read more…
WHAT IS FIAT CURRENCY? The definition of fiat currency given by Google is as follows: “Fiat currency is legal tender whose value is backed by the government that issued it. The U.S. dollar is fiat money. It is backed by nothing, as are the euro and many other major Read more…
WHAT IS HAPPENING TO OUR MONEY? As I write these words, something is happening that will affect every man, woman, and child on this planet. The United States dollar is rapidly losing its status as the world’s reserve currency. With the alignment of the BRICS nations (Brazil, Russia, India, Read more…
HOW WE CAN THRIVE DESPITE A FAILING ECONOMY Whether the following article interests you or not—it should. All of us use money in our daily lives and this article is about money and a looming global financial crisis that may or may not happen. Whether or not this crisis occurs, Read more…