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...
Read moreBitcoin 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...
Read moreGreetings 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...
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Best selling author, Robert Kiyosaki, has published a new book which comes out this spring (2019). The book is appropriately called, “Fake.” It refers to paper money or fiat currency which, as you know, is fake. Obviously “fake assets” Read more…
Have you ever asked yourself where money comes from? As I have stated in previous articles, money is issued by the Federal Reserve Bank in the United States. The Federal Reserve Bank has complete control of the United States monetary Read more…
In 1944, two financial institutions were borne out of a summit conference between 43 nations held at Bretton Woods, New Hampshire. The World Bank and the International Monetary Fund (IMF) were established. Supposedly, their aims were to help rebuild a 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. 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 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. 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 Read more…