Money Vs Currency

Money Vs Currency

Foreign currency and money are very similar and many people think that they are one of several same. However, there is 1 major difference that divides the two. First, let's obtain a firm grasp of where did they are similar. Both World Currencies and money have to be:A unit of responsi medium of exchangePortableDivisibleDurableFungibleMoney must be the suggestions above, but has to also be any "store of value" over long periods of time. Papers is never a store of value because it can be printed at will in support of has the value given to it as determined by the issuing federal government. Gold and silver have been used as "money" for over 5000 years given it satisfies every requirement stated previously. Once upon a time, the Oughout.S. was on a defacto standard. This meant that for every money printed, there had to be precious metal to back it up. Our money was considered " World money " because of this precious metal backing. Thus, the phrase "good because gold" was coined (you could earn your dollars for gold). Platinum has to be mined and that method takes time and physical effort.Gold's benefit comes from its rarity and also the physical effort that it takes to my own it. When you're paid inside gold or dollars backed by gold, the rare metal you redeem represents your time and efforts.

You may ask, "Why is it so important to have our dollars reinforced by gold?" The gold standard prevented our authorities from printing excessive amounts of money. When governments should print money at will, devoid of the backing of either silver or gold, this action always leads to price tag inflation. This inflation always turns to hyperinflation and the forex collapses on itself and also goes back to its true valuation on 0. Our forefathers understood the concept of "real money" and deemed the idea unconstitutional for anything but gold and silver for use as money because every single great empire that had forex without backing, collapsed. Your U.S. will be no exemption. Here is a direct quote through the constitution: "No state shall enter into any Treaty, Alliance, as well as Confederation; grant letters of Marque as well as Reprisal; coin Money; emit Expenses of Credit; make anything but gold and silver Coin a Soft in Payment of Bad debts; pass any Bill involving Attainder, ex post facto Law, or even Law impairing the Requirement of Contracts, or allow any Title of Nobility."Former President Richard Nixon took the globe off of the gold standard on Aug. 15, 1971 by ending the Bretton Woods Agreement. I say "the World" as the dollar holds "World Reserve Currency" position. The dollar was placed to gold and the majority of most other major World Currencies have been pegged to the dollar. Consequently, they were indirectly pegged for you to gold because the dollar had been pegged to gold....

Hopefully makes sense...lol. The ending of the Bretton Woods Agreement induced all money worldwide in order to instantly become a worthless authorities backed instrument of debt (currency).Currency is nothing a lot more than an "I O U" (debt). All of the world's currencies aren't backed by anything and the Chairman in the Federal Reserve (private establishment) is printing currency similar to it's going out of style. What makes this affect you? Have you ever seen prices lately? The expansion of the money supply often leads to price inflation since you have more paper chasing exactly the same goods. As a rule of thumb, prices don't rise, it is only the value of the paper in your pocket losing value. The old principle of money was to "save". This principle is no longer applicable in today's economy. Savers are losers.

The key reason why savers are losers is simply because the longer you save your money, the particular less purchasing power it will have in the future. Governments will continue to print money until all faith is lost in the currency and it reverts to its real worth of nothing. If you don't believe me, merely look at how far that $100 costs in your pocket goes today relative to how far it went just a few years ago. The dollar is actually on the verge of fail and many Americans are unknowing to this fact because sometimes they don't care or these are listening to the mainstream advertising which is pumping disinformation on a daily basis (keeping individuals sleep (sheep). America is headed face first in to an economic tsunami. This economic tsunami will be disastrous for those holding his or her wealth in any dollar denominated resource.There's a simple way to profit from this economic collapse and achieve wealth beyond your greatest imagination. Did you know that more millionaires are intended during the Great Depression compared to any other time in American History? Well, the wealth transfer that is going to take place during Our country's next Depression is going to TRUMP that regarding the Great Depression 10 collapse. You have a unique opportunity right this moment, to be on the right aspect of the wealth transfer. What you "don't know" will murder you monetarily.