Hidden Secrets of Money
In the four videos embedded
below, Mike Maloney reveals the hidden secrets of money. He starts with
explaining the difference between money and currency. The defining features of
currency are:
o
Medium of exchange
o
A unit of account
o
Portable
o
Durable
o
Divisible
o
Fungible (interchangeable)
Money has one extra
defining feature, namely Store of Value
(over a long period of time). This means that real money represents real (almost
timeless) value. However, the ‘money’ we use nowadays is just currency, since
its value is just a social construct.
For more information about
Mike’s work, visit HiddenSecretsofMoney.com (link) or GoldSilver.com
(link).
©
October 27, 2013 – Pateo.nl – Wholly Science – Johan Oldenkamp