Money, foreing exchange and finance

💲💲 MONEY VS. CURRENCY 💲💲

1.                  How are money and currency defined?

Money is a way of exchanging your time, we deposit our energy until the day we want to use it and the currency is false money, which limits us by stealing our time and freedom.

2.                  What are the differences between currency and money?

Currency is a medium of exchange, it is an accounting unit, it is portable, divisible, and transportable, durable, and fungible.

Money is all the above, adding that it is a repository of long-term value.

3.                  What are their most important characteristics?

It is that both are divisible, transportable, and that they have the same value, a dollar in my pocket is worth the same as a dollar in your pocket.

4.                  What is a Fiat currency?

It is a currency that only has a backing from governments and countries, it does not have a real or tangible value.

5.                  What are its characteristics?

That they are not backed by gold or silver, by anything tangible and that can be devalued, it is only paper with value. It is based on the faith of governments.

6.                  What is money and currency used for?

They are the tangible representation of people's efforts, of all their work, it also represents the value of goods.

7.                  What does “store of value” refer to?

It refers to the level of power that a currency has within a market, the real value that a good has.

8.                  What was the currency used in the past?

Since the Egyptians, Gold and Silver were used as currency and as money.

9.                  What is the most beautiful way of money?

From space, gold is born after the explosion of a supernova, it is a gift from space. 

10.              What is a “solving system”?

It is the governments that take and have control of the money within the country.

11.              What happens when governments expand the currency supplies?

The more money you print, gand the more money people have, there is an increase in prices and an inflation follows.

12.              What is barter?

It is an exchange of 1 or more goods that are supposed to have a relative value.

13.              What is Quantity of Easy?

It is a term that was invented to increase a common currency.

14.              What is the tendency of QEs around the world?

In a span of more than a decade they have all been increasing multiple times including prices.

Write a final reflection on the topic, mentioning what were the most important aspects you learned.

I have seen many related videos, but this has been one of the few in which they express in a more realistic way what money and its currency represent, in how different governments manipulate and manage our economy based on acts of faith.

I really liked the video since it crudely expresses an economic, political and social reality.

Do not forget to leave your comment and share.