All posts in "The History and Future of Money"
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Why the U.S Dollar is No Longer Backed by Gold and What That Means

Since money is a medium of exchange for goods and services, it obviously plays a central role in our lives. This is why it’s important to gain control of our money and take personal responsibility for our financial education and it all starts with understanding the history of our monetary system. Watch Below… There’s a lot […]

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The History of the Gold Standard in 2 Minutes

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The History of the Gold Standard The earliest known use of Gold was in 643 B.C in Lydia (present-day Turkey) and part of a naturally occurring compound known as electrum used to […]

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The Rise of Cryptocurrency

Living in a 500-year-old monetary system where the currency had no value, is it possible that cryptocurrency is rising up to compete with the fiat system and eventually overtaking it?  Cryptocurrencies are extremely speculative, but also revolutionary. Though I don’t currently see them as a store of value or a long-term safe haven like gold, […]

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When Does Owning Gold and Silver Make Sense?

Is Debt Financial Life? The global economy thrives on debt and credit.  Most people don’t realize that the U.S. dollar bills they have in their wallet are actually a debt of the Federal Reserve.  On the other hand, gold bullion and coins are NOT debt and have no counter-party risk, in contrast to debt based assets […]

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The Federal Reserve in 7 Minutes

Sadly, most Americans don’t really know much about the Federal Reserve (“Fed”) and most don’t even realize that we have a debt-based currency.  Nor do they understand where our money comes from. Sure, most people have heard of the Fed but most don’t really understand what the Fed is and how it works, including some […]