Woah... I never understood how money worked. This guy does an amazing job of explaining the history of money.
Now I see how/why our economy is so fuXed. We went from have money which was a true asset (because it was backed by gold) to money that is true debt (mortgages and credit cards). Why are banks the only institution that can "create" money? Once a new banking model is developed, it will revolutionize everything. I cant wait to invest in it.
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