Central Banks

discussion
mrees999
By mrees999 on Mon, Mar 7, 2016 - 1:57pm

Do you know what money is? Surprisingly very people actualy do. A history:

Do you know what money really is?

If a five year old asks -where does money come from?  How would you answer?  

  • From my bank
  • From my employer
  • From my investments?
  • Credit cards and loans?

Where do they get it?

  • From customers?
  • From rent?
  • Dividends
  • Loans?

And where do they get it? - See question 1.

It's a loop because it isn't taught in school. Even financial planners and many economist don't really know.

group

Blockchains and the new commodity of 'trust' - Crash Course

Verifiable trust without a third party

 

Trust is the new commodity. The Blockchain invention makes it possible to monetize trust.

Trust is the crux of the value in silver and gold. We trust that it will maintain its value independent of governments and banks, although we are learning how they work to control its perceived value.  We expect gold and silver will remain valuable because history has proven it over millennia.