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Money #3 - Store of Value
 
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VOICE NARRATOR: Previously we saw the functions of money to be the medium of exchange and the unit of account. It is also a store of value. What does the basic idea look like, in a flowchart language? Starting from barter, we saw that money imitates the exchange value. Now let's flip it sideways to start a chain: We see that money extends the specialization of goods, while it can store part of the gains from trade. You can hold onto it, and spend it later. You can wait until you have enough to buy something big. You can save it in a bank, which lends it to a business for investment, and you can earn interest on that. So, the "standard of deferred payments" is sometimes called the fourth function of money. Money is a store of value, but it has no value in itself. It may lose value. For example, if we quickly double the amount of money in the whole economy, it will not double the amount of goods and services, it will double the prices. This is called inflation and if it is rapid, it is harmful. We will study inflation later, in macroeconomics.
Views: 3346 Ecolanguage
Money and Finance: Crash Course Economics #11
 
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So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 682503 CrashCourse
Money as a Store of Value
 
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Lecture by 19 2 17 By Sheikh Imran N Hosein
Views: 159 orang ramai
Gold Makes Money Honest
 
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Counterfeited Money The proper definition of money is, a vehicle that functions as a store of value and is a medium of exchange. All of today’s currencies are debt, because none are redeemable for anything by their issuer, nor are there any limits on the quantity that can be created. Only a vague claim “against good faith and credit” of the government under pretence, coupled with the extortion of tax money from their subjects. And under their declaration of faith, they have the ability to destroy the currency through inflation that destroys the credit and eventually reduces it to literally nothing... Source: finalwakeupcall.info SUBSCRIBE & SHARE
Views: 766 ufoswlg
Why Money is not a Store of Value
 
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This video describes, using a simple example, why it is incorrect to think of money as a store of value. Instead, it is more fitting to think of money as a symbol of value, or a symbolic representation of stored value. Value is in fact stored in the useful resources, goods and services of a society. This distinction is important because storing money is not at all equivalent to storing useful resources. Stored resources increase supply and reduce demand because the actual amount of useful stuff is increased. Stored money simply determines who gets access to existing resources. This distinction is very important, because it doesn't matter how much money exists if the stores of useful resources are destroyed.
Views: 52 The Value of Truth
Money as a store of value
 
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Virgin Money's Structural Liquidity Manager, Mr Karl Morgan, explains why money acts as a store of value. (fast forward to 1min 4secs to skip the repeated intro)
Views: 94 G Conomics
Store of value vs. payment rails - What is Bitcoin Worth? (Part 3)
 
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Patreon: https://www.patreon.com/theinvisiblefootofgovernment bitcoin wallet: 1A6oNTWReRy2reBwaHPLJ8147XTU2vGikm We thank you for all of your support so so much :) Paper by John Pfeffer https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904 Watch, like, subscribe and tell us your opinion in the comments! Narration --------------------------------------------------------------------------------- What is Bitcoin worth? - Part 3 Definitely watch part 1 and 2 first! So let’s move on to crypto tokens that are used as money. Money basically has 3 functions: -store of value -means of payment and -unit of account Cryptocurrencies -have a lot of advantages as a store of value over say gold, -have advantages over existing payment methods in a couple of areas like international payments, -and have an advantage as a unit of account in a very specific function in international trade and global commodity markets. A monetary store of value is not just any old asset. It has a value that is decoupled from its utility for other purposes and from the cost of making/extracting and storing it. For example: Petroleum has value, and a warehouse full of stuffed animals has value, but companies and people try to minimize how much of them they keep in inventory, they don’t keep their savings in petroleum or stuffed animals. On the other hand gold is stored in lumps that are not intended to ever be used for anything else and it’s price is arbitrarily expensive relative to its extraction and storage cost. Its value is subjective. Now funny enough in the crypto world people think that a good crypto used as money needs to be both a good store of value and a good payment method. But why should that be true? I mean think about the conventional things we use today: -Means of payment are: Visa, Visa debit, SWIFT, PayPal, Apple/Google Pay, Western Union, and physical cash -Monetary stores of value are: Gold, fixed and demand bank deposits and physical cash. Practically none of them are used as both, only cash and we typically try to minimize how much cash we have, basically only a little bit in our wallets. No company prices their goods in gold and no one pays for their coffee in gold, but funny enough that doesn’t keep people from using gold as a store of value. It’s of course possible that a single crypto asset will be used as a store of value and for some payments, but why if we can have an array of different crypto assets with features that are much more fine tuned to their use. So it’s unlikely that the same crypto asset will be both the dominant store-of-value and payment rails. One possible long term outcome could be a mix of non-sovereign cryptocurrencies, sovereign digital currencies, off-chain payment solutions and conventional payment systems like Visa, PayPal and Apple/Google Pay all competing in payments and each being used for different situations, just like today we use different payment methods for different types of payments. And a single dominant non-sovereign monetary store of value that plays a similar role as gold plays today for foreign reserves and maybe also as a unit of account for international trade and commodities. So let’s first look at payments Cryptos used as payments without the monetary store of value function are also utility protocols so everything we discussed so far applies to them. And let’s move on to cryptos as monetary store of value It’s likely that one cryptocurrency will become the dominant non-sovereign monetary store of value, because it’s not clear what utility having two or more would add. Gold is currently the only dominant store of value that isn’t a fiat currency or tied to one. Silver, gold’s only rival’s monetary use is trivial. So let’s try to calculate the value of a crypto currency if it became a dominant non-sovereign store of value. That’s it for now, but there is 1 more part to come. So bye for now and ‘till the next part!
Views: 158 Bite-size Econ
Using Bitcoin as a Store of Value
 
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Get $10 of Bitcoin free when you buy Bitcoin here: http://ianbalina.com/sixfigures/coinbase Storing Value from Unstable Currencies Chinese stocks slumped sharply at the beginning of January 2016, sending shockwaves around the world. The index performance for Dow Jones Industrial Average was down 400 points in the first weeks of 2016, causing panic amid Wall Street investors. In response to the depreciating Yuan, Chinese investors turned to Bitcoin to keep their assets afloat. According to MarketWatch.com trading volume in China surged toward the end of the year with nearly 99% of global trades executed on OKcoin, BTCChina, and Huobi, three of the largest Chinese exchanges. Investors paid as much as $675 for a single Bitcoin. Get $10 of Bitcoin free when you buy Bitcoin here: http://ianbalina.com/sixfigures/coinbase Website: http://ianbalina.com Instagram: https://www.instagram.com/diaryofamademan/ Snapchat: https://www.snapchat.com/add/diaryofamademan Facebook: https://www.facebook.com/ianbalina/ Twitter: https://twitter.com/diaryofamademan Disclosures: https://ianbalina.com/pages/transparency
Views: 410 Ian Balina
Economics Cluebook Ep27: Financial System (2)- Money
 
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Today I discussed basic functions that money can be used for like store of value, as well as the evolving type of different money types from old commodity money to current fiat money. Don't forget to like and subscribe, please!
Money and supply of money(part-3) forms nd functions of money by pooja yadav (nonuu)-macroeconomics
 
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Forms of money- 1. Fiat money and fiduciary money 2.full bodied money and credit money Functions of money- ---1. Primary functions- - medium of exchange - measure of value ----2. Secondary functions- - store of value -transfer of value -standard of deferred payment
Views: 12 pooja yadav
Are Swiss Watches a Good Store of Value?
 
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Use promo code maneco64 to get 0.5% discount at https://www.goldinvestments.co.uk/ Support the channel: maneco64 store: https://teespring.com/en-GB/stores/maneco64 https://www.paypal.me/maneco64 https://www.patreon.com/user?u=3730528 BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5 ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na DASH: XgCTCWbz3yMYZKwNH9o8eaEFt45eA
Views: 2910 maneco64
Time Value of Money- Macroeconomics 4.3
 
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Should you take $100 today or $200 in two years? Mr. Clifford expalins how to calculate the future value and the present value of money.
Views: 133347 Jacob Clifford
A Real Discussion on Currencies as  Store of Value
 
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This is Reggie Middleton discussing currencies, a real discussion of a store of value and medium of exchange and the potential for Bitcoin relative to Fiat
Views: 493 Reggie Middleton
Diamond : Store of Value
 
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More information at http://www.adamia.biz
Views: 53 DiamantAdAmiA
The Stories We Tell About Money
 
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In this talk, Andreas recounts the history of Bitcoin and what it represents, building upon all the stories we've been told over the centuries about what "money" is, how we perceive its value, and why the old answers have changed as we adjust to this new world of digital peer-to-peer currencies. He also discusses global threats to economic stability and trust in the financial system, including demonetisation and wealth destruction through inflation. This talk took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-talk-by-the-world-famous-andreas-antonopoulos-203132 TOPICS: In the beginning... 00:00 Digital scarcity 00:41 Peer-to-peer network 01:34 Solving the double-spending problem 01:59 Cash, peer-to-peer without intermediaries 04:10 People paying companies to maybe pay people 04:34 The un-banked and the under-banked 05:28 Bitcoin - digital money as cash 06:08 What is cryptocurrency? 07:16 Independent self-verification 08:42 Why the Internet is special - global free flow of information 10:24 Why Bitcoin is special - global free flow of money 12:24 The bizarre aspects of traditional banking 13:34 Adjusting to this new world 15:36 Governments attempting to control Bitcoin 16:48 "Who's in charge?" - system of trust without hierarchy 18:18 People who see Bitcoin's strengths as flaws 20:20 Multi-signature schemes for consumer protection 21:19 Our misunderstanding of the most ancient technology 23:20 What gives money value? Stories we tell, promises we trust 26:30 The shared hallucination of paper money 29:48 False promises and the myth of "zero-value" currencies 31:22 Gresham's Law in India 34:02 The characteristics of good money & currency 35:13 Difficulties of barter at a large scale 36:49 Ancient tokens of values 38:13 Scarcity vs. inflationary supply, debt & devaluation 39:11 Bitcoin vs. traditional money as a store of value 41:52 "How much is a bitcoin worth?" 43:05 Digital gold 43:47 "Fake money" resolved by the market 44:21 Closing summary & remarks 45:17 QUESTION & ANSWER: What happens to our bitcoins during a hard fork? - https://youtu.be/sNR76fWd7-0 What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Price premiums and arbitrage - https://youtu.be/B4tsk-ZiHuE Fee markets, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg Who is Satoshi Nakamoto? - https://youtu.be/1iEv-gUZNx4 Unlimited vs. Cypherpunks - https://youtu.be/5adgo4-32HU RELATED: Aadhaar and blockchain identities - https://youtu.be/GylSvJf53zI Why KYC is dangerous - Microviolations of Privacy As Payment - https://youtu.be/rwF7nMWUjBs Privacy, Identity, Surveillance and Money - https://youtu.be/Vcvl5piGlYg Remittances & smuggling in Venezuela - https://youtu.be/RRXecXfWARw Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK Videography: Zebpay Bitcoin India Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 128790 aantonop
The properties that make Bitcoin a superior store of value & money
 
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It should be clear that Bitcoin has superior properties both as store of value and as money. Hence the huge potential! At Crypto HW Wallet you get $5 discount when ordering more than $100 through this URL as well as you support the show: https://www.cryptohwwallet.com/?acc=66f041e16a60928b05a7e228a89c3799 I run a Bitcoin Meetup group in Century City Los Angeles, see here: https://www.meetup.com/Los-Angeles-Century-City-Bitcoin/ For great independent Bitcoin news sources I recommend: Tone Vays: https://www.youtube.com/channel/UCbiWJYRg8luWHnmNkJRZEnw World Crypto Network: https://www.youtube.com/channel/UCR9gdpWisRwnk_k23GsHfcA
Views: 120 Anders Kargaard
The Dollar As A Store of Value is Being Destroyed
 
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http://omf.gd/1vqu ←← You won't want to miss this high impact, edge-of-your-seat exposé of the men behind the wizard's curtain that pulled the strings on the global financial crisis and what you can do about it. =================================== [May 29, 2011] PODCAST CONTENTS ★ powers unseen move money around, ★ monetary irresponsibility plagues many nations, ★ no plans to cut spending,
Views: 2759 Daily Patriot News
What Are The Functions Of A Currency?
 
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In this video we’re going to discuss the actual function of currencies, so by the end, you’ll be fully aware of what function that piece of paper in your wallet or purse holds. You need to be aware of the functions of currencies, because Bitcoin is considered a currency, albeit a cryptocurrency. So money as we know it today is constructed of three key purposes, let's refer to them as functions. So the three functions money serves is as one a medium of exchange, two a store of value, and three a unit of account. Let me go into each with more detail now so you understand it fully. // VIDEO TAKEN FROM // View: https://www.udemy.com/bitcoin-certification/?couponCode=YOUTUBE10 // RECOMMENDED RESOURCES // Zapaygo: http://bit.ly/2AldzmP Binance: http://bit.ly/2Hji5nQ // FREE BITCOIN WEBINAR // Join: http://bit.ly/2AR6v2v // CRYPTOCURRENCY & BLOCKCHAIN TUTORIALS // Sign-Up: https://www.b21block.com // FOLLOW US ONLINE // Subscribe: https://youtube.com/c/RavinderDeolB21Block?sub_confirmation=1 Like: https://facebook.com/B21Block
Andreas Antonopolous on using Bitcoin as a store of value
 
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This is from the Q&A section of a talk by Andreas Antonopolous at Hubud in Bali put on by "Bitcoins in Bali". http://bitcoinsinbali.org/event/evening-andreas-m-antonopoulos/ Please support Andreas by making a regular donation at https://www.patreon.com/aantonop You can access higher quality recordings of the event there as well.
Views: 218 The Coin Jungle
Bernard Lietaer on the definition of money
 
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All economic textbooks define money as standard of value, medium of exchange, store of value. This is not what money is, this is what money does, these are the functions of money. My working definition of money is: "Money is an agreement within a community to use something standardized as a medium of exchange." For more info, please visit: http://www.money-sustainability.net/ and http://www.lietaer.com/
Views: 1480 stroombank
Are cryptocurrencies a store of value?
 
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The spectacular rise in the value of Bitcoin versus traditional currencies has been making headlines in recent weeks. Although it ticks the boxes of the functions of money, whether it is a good store of value is questionable because of the risk of large price swings versus a household’s consumption basket.
Views: 14 EcoTVBNPParibas
What is Money
 
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What is money? Money is a commodity like every commodity whose value is determined by supply and demand. Its primary function is a medium of exchange (also a unit of account, store of value and a standard of deferred payment. Qualities of money can be acceptable by most people, standard quality, durable,valuable and dividable). What society agrees as to what is money has evolved and continues to evolve (barter, commodity money, fiat money, M1, M2, M3 Bitcoin etc). This is why money is organic rather than something simply declared as legal tender. All free markets are organic in the sense individuals come together with their double coincidence of wants to exchange. The market for money is no different. The control of the supply money by a country's central bank is a debatable topic based on economic theory. However,understand that is a cipher. In its ideal form it should have no affect on the real economy other than facilitating trade. Like a train that leaves on time, your communicate does not affect the real workings of your business day. This is why the real goal of monetary policy is to create stability and confidence in the monetary system so people can focus on the real workings their business.
Views: 195 Econ Lessons
Money
 
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Money has three different functions. First of all, it helps to measure the value of goods and services – in other words, their price – just like a measuring tape helps to measure length. This is its “unit of account” function. When you know the value of these goods and services, you can exchange them for money, i.e. buy and sell. This is its “medium of exchange” function. Finally, money can also be used to store wealth, i.e. to save. This is its “store of value” function.
Secondary Functions of Money: Accounting Homework Help by Classof1.com
 
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Visit http://classof1.com/homework-help/accounting-homework-help/ for customized academic assistance in Accounting. Secondary Functions of Money: In addition to its two primary functions of serving as a medium of exchange and as a common measure of value, money performs the secondary, derivative or subsidiary functions of serving as a standard of deferred payments, a store of value and transfer of value.
Finance: The History of Money (combined)
 
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An animated video exploring the history of money. From the use of objects to function as monetary value to the development of metal and paper money as currency. Playlist link - https://www.youtube.com/playlist?list=PLhQpDGfX5e7DXJAOs5VjPqqXFf5VDTo_Y Transcript link - http://podcast.open.ac.uk/feeds/3453_thehistoryofmoney/transcript/37271_dd103_2015j_vid119.pdf Study a free course on Managing my money at the Open University http://www.open.edu/openlearn/money-management/managing-my-money/content-section-overview?active-tab=description-tab Study a free course on You and your money at the Open University http://www.open.edu/openlearn/money-business/personal-finance/you-and-your-money/content-section-0?active-tab=description-tab Study R30 BA (Honours) Economics http://www.open.ac.uk/courses/qualifications/r30 Study DB125 You and your money http://www.open.ac.uk/courses/modules/db125 The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University http://www.open.edu/openlearn/ For more like this subscribe to the Open University channel https://www.youtube.com/channel/UCXsH4hSV_kEdAOsupMMm4Qw Like us on Facebook: https://www.facebook.com/ouopenlearn/ Follow us on Twitter: https://twitter.com/OUFreeLearning
Mind Over Money Documentary
 
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Mind Over Money Documentary Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it. The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries. Read More; https://en.wikipedia.org/wiki/Money May you find this video informative and be thrilled to subscribe for more. Thanks for watching! Destination Channel https://www.youtube.com/channel/UCM2gsRSdiokLpcTwgFGJBWQ Amazing Architecture https://www.youtube.com/channel/UCp742CN2I0TM4ediPAJrJ1g Marvelous Engineering https://www.youtube.com/channel/UCBXX_DYVJFaJd2nXdyMkWYA Health is Wealth https://www.youtube.com/channel/UCD6he5QLtjOseb3u8Yq2hrA Conspiracy Documentary https://www.youtube.com/channel/UCDedgBFhKaFFSVUwPtVgAEg WildLife Channel https://www.youtube.com/channel/UCaMJSdvVcgb7JO33dQkrLug Transportation Documentaries https://www.youtube.com/channel/UCGXAWeusU8CECfGb05a3_Wg HD Documentaries https://www.youtube.com/channel/UCReUDbXfNmg3jNR3yiGjFTw Conspiracy Documentary Film https://www.youtube.com/channel/UCWbDLtPDOLiWIWybFTzHOBw Best Viral Video https://www.youtube.com/channel/UCjlp4UEuMkLsMmLrHDeCAvA Top 30 Documentary https://www.youtube.com/channel/UCxSUn3lqeTaGPqNe1AiXF1A Most Amazing Documentary https://www.youtube.com/channel/UCMDz4HDVcTwyy2GljOX_d8Q HD Documentary https://www.youtube.com/channel/UCsUoC6DfK_9ffcD9fShg1wQ Epic Top 10 https://www.youtube.com/channel/UCeJSDfS6QXj1aNL4nk9XAhw Awesome People https://www.youtube.com/channel/UCr-LgU5ddtwc-L5gipjIQ9A https://www.youtube.com/channel/UCM2gsRSdiokLpcTwgFGJBWQ https://www.youtube.com/channel/UCp742CN2I0TM4ediPAJrJ1g https://www.youtube.com/channel/UCBXX_DYVJFaJd2nXdyMkWYA https://www.youtube.com/channel/UCD6he5QLtjOseb3u8Yq2hrA https://www.youtube.com/channel/UCDedgBFhKaFFSVUwPtVgAEg https://www.youtube.com/channel/UCaMJSdvVcgb7JO33dQkrLug https://www.youtube.com/channel/UCGXAWeusU8CECfGb05a3_Wg https://www.youtube.com/channel/UCReUDbXfNmg3jNR3yiGjFTw https://www.youtube.com/channel/UCWbDLtPDOLiWIWybFTzHOBw https://www.youtube.com/channel/UCjlp4UEuMkLsMmLrHDeCAvA https://www.youtube.com/channel/UCxSUn3lqeTaGPqNe1AiXF1A https://www.youtube.com/channel/UCMDz4HDVcTwyy2GljOX_d8Q https://www.youtube.com/channel/UCsUoC6DfK_9ffcD9fShg1wQ https://www.youtube.com/channel/UCeJSDfS6QXj1aNL4nk9XAhw https://www.youtube.com/channel/UCr-LgU5ddtwc-L5gipjIQ9A
Views: 5605 Mind Blowing Videos
Gold Facts
 
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Our debt based monetary system must create more debt each and every year and in excess of the debt AND interest of the year before. The more debt/money the bankers create, the more profit they have. The more money the politicians spend (and the more debt they create), the more power they have. This sick symbiotic relationship of the "Lender of Last Resort" meets the "Spender of Last Resort" ensures an exponential growth of money. The Elite will keep using the power of the printing press to maintain their power--but ultimately it will only accelerate their demise. There is a mathematically inevitable end to this system, as infinite money/debt meets the world's finite resources and ultimately the limits of human faith. The more money/debt chasing after fewer goods and services is what causes inflation. Ultimately, people's faith in the currency will fail worldwide. It will become evident that the Elite intend to print the currency into oblivion, ruining the main function of money as a store of value. When this happens people will throw their depreciating currency at any tangible asset they can get their hands on. Precious metals will be the main beneficiary of this because of their unique properties. The frightening thing is that it is not just American citizens who will be affected by this global destruction of paper currency, because this is the first time in human history in which the entire world has become interconnected and dependent on the fiat monetary illusion. To buy or not to buy Gold is the greatest decision you will have to make before the worldwide collapse of the debt-based fiat currencies. If you fully commit to this idea, you will be taking charge of your future, and I believe you will create generational wealth. If you do not commit to this plan, I bet your grandchildren will curse you for not taking advantage of this opportunity of a lifetime. § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work.
Views: 2043 TheSilverGuild
The Relationship Between Medium of Exchange, Store of Value, and Unit of Account - Kyle Samani
 
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There are three commonly acknowledged purposes of money: medium of exchange, store of value, and unit of account. How do these purposes relate to each other? Kyle will look at how these different purposes relate to each other and the emergence of new forms of crypto-money Bio: Kyle is the co-founder and managing partner of Multicoin Capital, a hedge fund focusing on blockchain technology. ---------------------------- Refactor Camp: Cryptoeconomics and Blockchain Weirding was a 2-day conference held in Austin Texas on May 12-13th 2018. The event featured talks, workshops, and breakout sessions focused on blockchain technology, the sociology of blockchains, and whatever other weird nonsense the speakers could come up with. ---------------------------- Ribbonfarm.com
Views: 143 Refactor Camp
Understanding The Time Value Of Money - Video _ insurance
 
01:08
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context,[1][2][3] or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfills these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".[6] Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.
Views: 29 mr.namy
Kerner:  Bitcoin well-positioned to be a store of value competing with gold
 
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Lou Kerner of CryptoOracle believes we now have something much better than gold in Bitcoin and cryptocurrencies that can be a solid store of value.
Views: 887 CNBC Television
Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney
 
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More: http://HiddenSecretsofMoney.com Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money. Sign up to the http://GoldSilver.com/ email list to be notified about new releases and receive special bonus content: http://goldsilver.com/hidden-secrets-money/currency-money/. To learn about gold and silver, central banking, wealth cycles, deficit spending, monetary history, the financial crisis, the fiscal cliff, the debt ceiling and more, view the Hidden Secrets Of Money playlist (http://goo.gl/GBsdr) and subscribe to this channel: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebook.com/pages/Goldsilvercom/230719865624 Twitter (GoldSilver): https://twitter.com/Gold_Silver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com
What money will we use in the future? The History of Money (10/10)
 
01:22
An animated video exploring the history of money. From the use of objects to function as monetary value to the development of metal and paper money as currency. (Part 10 of 10) Playlist link - https://www.youtube.com/playlist?list=PLhQpDGfX5e7DXJAOs5VjPqqXFf5VDTo_Y Transcript link - http://podcast-admin.open.ac.uk/upload/files/3998_youtubeuploadsfriday/transcript/41480_160112_344_st.pdf Study a free course on Managing my money at the Open University http://www.open.edu/openlearn/money-management/managing-my-money/content-section-overview?active-tab=description-tab Study a free course on You and your money at the Open University http://www.open.edu/openlearn/money-business/personal-finance/you-and-your-money/content-section-0?active-tab=description-tab Study R30 BA (Honours) Economics http://www.open.ac.uk/courses/qualifications/r30 Study DB125 You and your money http://www.open.ac.uk/courses/modules/db125 The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University http://www.open.edu/openlearn/ For more like this subscribe to the Open University channel https://www.youtube.com/channel/UCXsH4hSV_kEdAOsupMMm4Qw Like us on Facebook: https://www.facebook.com/ouopenlearn/ Follow us on Twitter: https://twitter.com/OUFreeLearning
CURRENCY COUNTING MACHINE - VALUE MASTER
 
01:00
Mix Note Value Counting + 100% Fake Detection, Add & Batch Function Best for use: Cash Counter use, General Store, large business, banks, property dealer, currency handling services etc.
Views: 55 Arun Singh
What does store of value mean?
 
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What does store of value mean? A spoken definition of store of value. Intro Sound: Typewriter - Tamskp Licensed under CC:BA 3.0 Outro Music: Groove Groove - Kevin MacLeod (incompetech.com) Licensed under CC:BA 3.0 Intro/Outro Photo: The best days are not planned - Marcus Hansson Licensed under CC-BY-2.0 Book Image: Open Book template PSD - DougitDesign Licensed under CC:BA 3.0 Text derived from: http://en.wiktionary.org/wiki/store_of_value Text to Speech powered by TTS-API.COM
Too many Incentives to Depreciate Currencies to be a Store of Value!
 
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There are too many individuals, companies, constituents, industries etc., who profit by depreciating the currency, to consider currency a 'Store of Value'. Pull back and look at a larger time frame and it's quite clear. What do you think?
Views: 15 JOSHUA SHAFU
Econ Duel: Fiat Money vs. the Gold Standard
 
09:59
Throughout the 19th century and up until the Great Depression, the gold standard was used in the United States. It was largely abandoned in the 20th century. But what is the gold standard? It’s a system for defining the value of a currency in terms of gold. In other words, you could exchange your $20 paper bill for actual gold at one point in history. Under a fiat money system, such as the one we have in the U.S. today, that $20 paper bill is inconvertible. You can’t exchange it for a backing store of value because there isn’t one. In this Econ Duel, economists Scott Sumner and Larry White, who both focus on monetary theory and policy, debate the positives and drawbacks to the gold standard vs. fiat money, and the role of central banks. On the side of the gold standard, White argues that, when properly implemented without a central bank intervening, it provides a more predictable price level and lower average inflation. Sumner, taking up the banner for fiat money, argues that the gold standard is simply a rule that worked well in the 19th century and that a good fiat money system is, for this day and age, a better alternative. Who won this Duel? Do you feel like you walked away with a better sense of the complexities of monetary policy? We’d love to hear from you! Let us know what you thought about this Duel in the comments. Ask a question about the video: http://bit.ly/2h8KMpC Econ Duel course: http://bit.ly/1U715Qd Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Listen on Soundcloud: http://bit.ly/2gtWMBf And on iTunes: http://apple.co/2himNaA
Time Saving Tips for the BAII Plus™ Calculator
 
07:33
Watched the video? Now leverage the full potential of your calculator and register to download Wiley's free BAII Plus Calculator CFA® Exam Calculator Guide here: http://www.efficientlearning.com/cfa/
Views: 107811 Wiley Finance
Casio Classwiz - Using a stored value of x in an equation (Calculator, fx-991ex, A level Maths)
 
01:37
💢Dɪsᴄᴏᴠᴇʀ Mᴏʀᴇ Aᴛ Tʜᴇ Cᴀʟᴄᴜʟᴀᴛᴏʀ Gᴜɪᴅᴇ Wᴇʙsɪᴛᴇ ➜ http://snip.ly/uqds7n 💢Gᴇᴛ A Cʟᴀssᴡɪᴢ Nᴏᴡ ➜ http://amzn.to/2HXgh35 💢Aᴍᴀᴢᴏɴ Sʜᴏᴘ ➜ https://amzn.to/2AdzGuf 💢Eɴʀᴏʟ Aᴛ Cᴀʟᴄᴜʟᴀᴛᴏʀ Sᴄʜᴏᴏʟ ➜ http://snip.ly/ukh7ih ⍟⍟⍟⍟⍟⍟⍟⍟⍟ 🔶 Aʙᴏᴜᴛ Tʜɪs Vɪᴅᴇᴏ - This video shows you how to easily substitute a value of x into an equation by using a stored value. Rather than having to input your value at each instance, input your x once and then have the calculator do the substitution for you. ⍟⍟⍟⍟⍟⍟⍟⍟⍟ 📲 Cᴏɴɴᴇᴄᴛ ᴡɪᴛʜ Tʜᴇ Cᴀʟᴄᴜʟᴀᴛᴏʀ Gᴜɪᴅᴇ Twitter ➜ https://twitter.com/GuideCalculator Pinterest ➜ https://www.pinterest.com/calculatorguide Facebook ➜ https://www.facebook.com/thecalculatorguide Blogger ➜ https://thecalculatorguide.blogspot.com Reddit ➜ https://www.reddit.com/user/TheCalculatorGuide Minds ➜ https://www.minds.com/StevenGardiner Steemit ➜ https://steemit.com/@calculatorguide More ➜ https://thecalculatorguide.com/about ⍟⍟⍟⍟⍟⍟⍟⍟⍟ 🎓 Tᴀᴋᴇ ᴀɴ Oɴʟɪɴᴇ Cᴏᴜʀsᴇ. 📊 Join The Calculator Guide Teachable School ➜ http://snip.ly/ukh7ih 𝐓𝐡𝐞 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫 𝐆𝐮𝐢𝐝𝐞 𝐨𝐧 𝐔𝐝𝐞𝐦𝐲 Master Your Casio Classwiz - Calculus, Trigonometry & Logarithms on Udemy ➜ https://www.udemy.com/masteryourcasioclasswiz-a/?couponCode=YOUTUBEMYCWA How To Master Your Casio Calculator at The Calculator Guide Teachable School for a discounted price ➜ http://snip.ly/rwvcj Or if you are a beginner, start for FREE here if you are a Udemy student ➜ https://www.udemy.com/essential-casio-calculator-skills-succeed-with-math What do you get with The Calculator Guide courses? ◔ Use your Casio calculator with confidence in the classroom. ◔ Access all the unique and powerful functions of a modern scientific calculator to help you in your exams and get the grade you want. ◔ Make things easier and explore mathematics in new ways with the helpful features of the Casio calculator. ◔ Apply your knowledge of these calculator functions to questions you might encounter in your mathematics related course. ◔ Exclusive content not available on YouTube ◔ Lifetime access to any updates or extras. ◔ Opportunity to raise discussions and participate. ◔ Growing Teacher Resources. ◔ 1080p HD videos, free of adverts. ◔ Risk-free, with 30 day money back guarantee. So if you want to know how to use your calculator, then what are you waiting for, get started now! ⍟⍟⍟⍟⍟⍟⍟⍟⍟ 💎Aғғɪʟɪᴀᴛᴇ & Rᴇᴄᴏᴍᴍᴇɴᴅᴇᴅ Pʀᴏᴅᴜᴄᴛs 𝐓𝐡𝐞 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫 𝐆𝐮𝐢𝐝𝐞 𝐀𝐦𝐚𝐳𝐨𝐧 𝐒𝐭𝐨𝐫𝐞 ➜ https://amzn.to/2AdzGu 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐝𝐢𝐬𝐞 𝐚𝐭 𝐓𝐡𝐞 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫 𝐆𝐮𝐢𝐝𝐞 𝐙𝐚𝐳𝐳𝐥𝐞 𝐒𝐭𝐨𝐫𝐞 ➜ https://www.zazzle.co.uk/thecalculatorguide 𝐁𝐮𝐲 𝐀 𝐂𝐚𝐬𝐢𝐨 𝐂𝐥𝐚𝐬𝐬𝐰𝐢𝐳 𝐟𝐱-𝟗𝟗𝟏𝐄𝐗 UK 🇬🇧 AmazonUK ➜ http://amzn.to/2HXgh35 US 🇺🇸 Walmart ➜ http://go.magik.ly/ml/a6ef/ 𝐂𝐚𝐬𝐢𝐨 𝐟𝐱-𝐂𝐆𝟓𝟎 𝐆𝐫𝐚𝐩𝐡𝐢𝐧𝐠 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫 UK 🇬🇧 AmazonUK ➜ https://amzn.to/2uljacd 𝐎𝐭𝐡𝐞𝐫 𝐌𝐨𝐝𝐞𝐥𝐬 Via AmazonUK ➜ http://amzn.to/2gzcBei Via RymanUK ➜ http://tidd.ly/cf6c4c02 𝐁𝐥𝐮𝐞 𝐘𝐞𝐭𝐢 𝐌𝐢𝐜𝐫𝐨𝐩𝐡𝐨𝐧𝐞 UK 🇬🇧 AmazonUK ➜ https://amzn.to/2Gn7XMM US 🇺🇸 B&H ➜ http://go.magik.ly/ml/a6en/ 𝐓𝐮𝐛𝐞 𝐁𝐮𝐝𝐝𝐲 - 𝐀𝐥𝐥 𝐎𝐧 𝐎𝐧𝐞 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 https://www.tubebuddy.com/thecalcguide 𝐁𝐥𝐮𝐞𝐇𝐨𝐬𝐭 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐇𝐨𝐬𝐭𝐢𝐧𝐠 https://www.bluehost.com/track/thecalculatorguide ⍟⍟⍟⍟⍟⍟⍟⍟⍟ 🚥 Sᴜᴘᴘᴏʀᴛ Tʜᴇ Cᴀʟᴄᴜʟᴀᴛᴏʀ Gᴜɪᴅᴇ Make a Paypal Donation ➜ http://snip.ly/qa9h1d ⍟⍟⍟⍟⍟⍟⍟⍟⍟ Calculator Symbols, Modes, Images & Product Names. are Copyright© Casio Computer Co. Ltd TheCalculatorGuide.Com earns money from display ads & affiliate links. Links To Products & Third Party Websites such as Amazon and other retailers are affiliate links. If you click on these & buy a product then TheCalculatorGuide.Com receives a small commission at no extra cost to you.
Views: 21034 The Calculator Guide
Dr.Narinder Singh Kapoor on Value of Money.wmv
 
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Kalcine presents Dr. Narinder Singh Kapoor, Retd. Head of Department of Journalism, Punjabi University Patiala. He discusses the value of money in one's life.This segment was recorded in 2006 in Patiala. Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
Views: 15382 Joginder Kalsi
Investing for Beginners 01: Gold Silver Platinum
 
10:33
INVESTING 101: Gold Silver Platinum The value of gold is determined by the market 24 hours a day, nearly seven days a week. Gold trades predominantly as a function of sentiment; its price is less affected by the laws of supply and demand. This is because new mine supply is vastly outweighed by the sheer size of above-ground, hoarded gold. To put it simply, when the hoarders feel like selling, the price drops. When they want to buy, new supply is quickly absorbed and the gold prices are driven higher. Several factors account for an increased desire to hoard the yellow metal: Systemic Financial Concerns When banks and money are perceived as unstable and/or political stability is questionable, gold has often been sought as a safe store of value. Inflation When real rates of return in the equity, bond or real estate markets are negative, people regularly flock to gold as an asset that will maintain its value. War or Political Crises War and political upheaval have always sent people into gold-hoarding mode. An entire lifetime's worth of savings can be made portable and stored until it needs to be traded for foodstuffs, shelter or safe passage to a less dangerous destination. The Silver Bullet Unlike gold, the price of silver swings between its perceived role as a store of value and its very tangible role as an industrial metal. For this reason, price fluctuations in the silver market are more volatile than gold. So, while silver will trade roughly in line with gold as an item to be hoarded (investment demand), the industrial supply/demand equation for the metal exerts an equally strong influence on price. That equation has always fluctuated with new innovations, including: Silver's once predominant role in the photography industry (silver-based photographic film), which was been eclipsed by the advent of the digital camera. The rise of a vast middle class in the emerging market economies of the East, which created an explosive demand for electrical appliances, medical products and other industrial items that require silver inputs. From bearings to electrical connections, silver's properties made it a desired commodity. Silver's use in batteries, superconductor applications and microcircuit markets. It's unclear whether (or to what extent) these developments will affect overall noninvestment demand for silver. One fact remains; silver's price is affected by its applications and is not just used in fashion or as a store of value. Music by Kevin MacLeod "Decline" Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ http://incompetech.com/music/royalty-free/licenses/ Intro by: Laurent Caccia http://www.youtube.com/laurentcaccia
Views: 920 Shakaama
My Top 5 Budget Swords - High Value for Money
 
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Lately I've focused more on higher end swords, but this time it's all about affordable options. How to sharpen swords: https://www.youtube.com/watch?v=jfD1_gHpraw 1. Cobra Steel Kindjal by Windlass Steelcrafts https://www.youtube.com/watch?v=Pwwfc8Umv54 http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=402578&afid=28632&tm=14&im=1 2. Condor Bush Cutlass (now Naval Cutlass) https://www.youtube.com/watch?v=yBOosk12Lc4 http://amzn.to/2faqFZS 3. Devil's Edge Xiphos https://www.youtube.com/watch?v=Tr5N7n8jF8g http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=AK001&afid=28632&tm=14&im=1 4. Scimitar / shamshir by Windlass Steelcrafts https://www.youtube.com/watch?v=UyNaXEO8YAU http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=500822&afid=28632&tm=14&im=1 5. Hanwei Tinker longsword https://www.youtube.com/watch?v=IoIOpmYNzUA https://www.youtube.com/watch?v=DMHxHkWMQpM http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=SH2395&afid=28632&tm=14&im=1 http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=OH2396&afid=28632&tm=14&im=1 http://ww4.aitsafe.com/go.htm?go=kultofathena.com/product.asp?item=PAF002&afid=28632&tm=14&im=1 Cheap but functional katanas: http://ww4.aitsafe.com/go.htm?go=kultofathena.com/musashi.asp&afid=28632&tm=14&im=1 http://ww4.aitsafe.com/go.htm?go=kultofathena.com/masahiro.asp&afid=28632&tm=14&im=1 ******************************************************************************** My favorite online store for buying swords (worldwide shipping): http://ww4.aitsafe.com/go.htm?go=kultofathena.com&afid=28632&tm=14&im=1 Channel-related shirts and stuff: http://skallagrim.spreadshirt.com/ Some recommended knife makers on Amazon: http://amzn.to/1qjwMNL Want to help fund future videos? http://www.patreon.com/skallagrim My Facebook page: https://www.facebook.com/SkallagrimYT
Views: 358217 Skallagrim
The History Of Money Episode 4 - Intrinsic Value
 
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Hi guys and girls, welcome back to the history of money series where we delve into the details of what was before, what is now and what the future might hold in store for us in terms of currency. In this episode, we talk about the invention of standardised currency which completely revolutionised the world for the better :D Make sure you hit that subscribe button to keep up to date with this series. As always, thanks a ton for watching - I look forward to seeing you in the next episode :D
Is Money Evil? - Money Measure Value [Money - Part 1 of 4]
 
05:32
Follow me: http://facebook.com/jpmorganjr http://twitter.com/jpmorganjr http://linkedin.com/in/jpmorganjr Get my emails: http://jpmorganjr.com/youtube
Views: 626 JP Morgan Creating
Top 10 EXTREMELY Valuable Items You May Own (Rare Items You Might Own)
 
08:26
Top 10 EXTREMELY Valuable Items You May Own (Rare Items You Might Own) Subscribe to never miss a video: https://goo.gl/bWZ49n Follow us on Twitter to be informed when we post: https://twitter.com/NexusVideosYT Check out our previous videos here: 10 CRAZIEST Police Chases Caught On Camera https://www.youtube.com/watch?v=kLz4XvZaApU Top 5 CRAZY Prison Escapes that ACTUALLY WORKED! https://www.youtube.com/watch?v=iki8fnKtr3o Top 15 LUCKIEST Water Bottle Flips! https://www.youtube.com/watch?v=CLGt6JuHCGw For copyright matters relating to our channel please contact us directly at: [email protected]
Views: 2892724 Nexus
Money #2 - Unit of Account
 
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VOICE NARRATOR: Water has many uses -- it has a high use value, as Adam Smith wrote -- but diamonds, a kind of mineral, have few uses, a low use value. Yet if two people exchanged them, a tiny diamond would buy a lot of water. This is called the exchange value. Money imitates the pattern of the exchange value, not the use value. Diamonds cost a lot more money. The price is the rate of the exchange. Let's say that a tiny diamond is worth 1000 gallons of bottled water. Then, in money, it might cost a thousand dollars for one diamond, and one dollar a gallon. All prices are listed in money, so money is called the unit of account. This makes it much easier to think about exchange values, and to make decisions.
Views: 3040 Ecolanguage
Dr Bawumia on how to fix Ghana Economy - Restoring the Value of the Cedi part 1
 
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Dr. Mahamudu Bawumia, Visiting Professor of Economic Governance at the Central University College and Former Deputy Governor of the Bank of Ghana has urged the Bank of Ghana to reverse measures rolled out to stem the downward spiral of the cedi saying dollarization is not the cause of depreciation but rather the effect of weak economic fundamentals and the loss of confidence in the cedi. According to him, any attempt to solve the rapid depreciation of the cedi by focusing on de-dollarization will ultimately be an exercise in futility. Dr. Bawumia made these observations while delivering a lecture on the topic "Restoring the Value of the Cedi" at the Miotso Campus of the Central University College. Speaking on some of the alternative views on the causes of the cedi which were largely faulty, Dr. Bawumia stated "One of the key functions of money is to act as a store of value. Throughout history, when money ceases to perform this function, people have found refuge in other commodities as a replacement store of value. "Dollarization" is the replacement of a country's legal tender with another currency e.g. the US dollar. This happens in countries with a history of high inflation and exchange rate instability. The resort to dollars for savings is essentially a risk mitigation measure. There is a vast empirical literature that supports the view that dollarization is a reaction by rational economic players to expected depreciation of a currency. It is not the cause of depreciation. Ghanaians have over the years learnt the hard way that they cannot trust governments to keep the cedi stable. Cedi depreciation has become a fact of life and therefore Ghanaians have come up with coping strategies to deal with exchange rate depreciation, including the holding of foreign currency." rather a vote of no confidence in the local currency," he stated. How do we stop the cedi from further fall? Government's increased expenditure to blame Where is all that we borrowed? Ghana's external payments position Economy has weak and deteriorating fundamentals Don't blame economic woes on colonial structures SIngle Spine not cause of cedi depreciation. Don't blame redenomination of the cedi either What the government should do Economy is in crisis and unless ...
Views: 4458 Ghana News Network
Bitcoin as a Store of Value
 
13:20
Quick run down of Bitcoin and how it stores value in comparison to other value stores used today
Views: 538 Bryce Guy

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