A Brief History of Money!
So, i've been reading quite a lot of articles and watching videos about the origin of money. It's a conversation i get lost in sometimes when some finance guy starts talking and won't stop, and i've got questions of my own.
For example, why do we believe so much in Digital currency such as Cryptocurrencies rather than Fiat?
Why do some early crypto-adopters and even bank staff say the banks and financial institutions are robbing the middle class?
Surely, they must have really good points behind these claims, and judging from the recent financial problems, they might be correct. As such, i think a little education just to be on the same page with the rest of the world concerning money is really important.
I tend to be really passionate about things i believe and who knows, i might finally get to understand the true value of money enough to enlighten others around me in Africa. Whatever happens, never stop inquiring and never stop learning.
This video is a brief history of money. A timeline sorta (without precise dates, of course), but a really good and explanatory one. Happy to share!
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Money isn't everything but it is currently the only thing that works at the grocery store.
Hopefully crypto will work more smoothly soon and have more value!
Lol. I agree. Crypto is really in a bad shape now because of its decentralized nature, it's just like how several banks in the past had the right to print their own fiat. Lol.
Hopefully, that'll change over the next few years and I don't think a bull run would change that. Lol. It'll just make the place exciting again. But hopefully it gets stable and legalized.
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I also need to watch these types of movies about fiat economics, but imo the most important thing to know is that we have an inflationary fiat system on a planet with limited resources, it makes no sense, we are encouraging spending instead of saving and people spend so much that they are consuming the whole planet! They consume more than they need! Also, banks use ur money to invest and get the rewards from those investments, meanwhile u have to pay them to keep ur money! And let's not talk about the banks in america making loans without any back up and end up screwing the economy, but they dont care, because in the end the tax payers are the ones that will pay for their mistakes!
Dang. Pretty sad.
I never thought that it could be so interesting.
Nice job
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A good question in my mind has always been, if money is the root if all evil, then what is the root of all money? ;)
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I always point beginning inquirers to "The American Dream" - in all my years of studying the monetary system, its roots and causalities I have not found a better more graphic overview that is at the same time thoroughly entertaining.
If money were backed that would be one thing. But the money that rules the world right now is basically a mechanism to bind and drain the majority of well-meaning people for something that was entirely artificially created and is hence totally unnecessary, ultimately robbing them of their life(time).
Like purposefully setting someone's house on fire every morning just so that the firemen can have "a job".
Here's the comic, enjoy <3
Thank you for this. I definitely will have a look in a few hours. It's beginning to make sense though. Especially since the early banks held on to people's Gold and have not returned it. Now they made fiat the standard without backing it with Gold. Meaning, fiat becomes the new value and they get to keep the gold in the end. As debts rise, they happily print more fiat to pay for those debts. It's just "like purposefully setting someone's house on fire every morning just so that the firemen can have "a job".
Oh I think you get it already!
Part of the issue that it all happens in secret. As much as I sometimes feel blockchain technology is the next chapter of that grand enslavement plan, at least it is conceivable that monetary tampering like the central banks of today do will be way more visible and hence way easier to rebel against.
It all comes down to the awareness of people and critical mass. The game has been going on for a long long loooong time.