In this episode from Mike Maloney’s Hidden Secrets of Money series he talks about the difference between money and currency. Money, like precious metals, is a store of enduring wealth whose value has endured for centuries. Fiat currency, like the dollar in your pocket, only derive their value by government fiat or in other words the government’s declaration it is so.
Dollar has lost 95% of its purchasing power since the creation of the FED in 1913.
US Fiat Currency no longer payable in gold.
Currency is just a only a claim check on the gold that was in the vault.
The value was in the gold that was in the vault not the claim check.
What is the difference between money and currency?
Gold keeps government in control and that is one of the reasons why governments hate gold.
National Currencies are a tool used by the government and financial institutions to leach away your time and your freedom by stealing your purchasing power.
Quantitative Easing is just voodoo smoke and mirror terms for currency creation.
Fiat Currency, like the US dollar, is created out of thin air and given to banks.
The Banks paid themselves huge bonuses and are rewarded for crashing the world’s currency.
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Mike Maloney is the author of Guide To Investing in Gold & Silver: Protect Your Financial Future one of the best selling books on investing in precious metals.
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