Episode-2833- Really Understanding Money
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Money is something we are not taught about in school on any meaningful level and how could we expect otherwise. It isn’t like the average teacher has a clue about money, just listen to them talk about it and that rapidly becomes clear.
I’ll tell you though in many ways it is people who have a degree in economics that know the least about money and what it really is. I know that sounds crazy but the best way to get someone to believe something that isn’t true is to teach it to them in an institution. Bluntly money isn’t what you likely think it is and after today you may never see it the same way again.
Join Me Today to Discuss…
- What is money
- How does money obey the laws of energy
- How all money is nothing but an agreement and a ledger
- Proof that even gold has little true intrinsic value, own it anyway, here is why
- Yes this applies to cryptocurrency but in some ways it has the highest “intrinsic value” of all
- What does energy and money teach us about
- Durable Materials
- Fuel Energy
- Health
- Food
- Transportation
- Monetary Creation, Manipulation and Movement
- How is US money created and why does it work
- What is inflation and how does monetary velocity effect it
- Why anyone can create money but not all money works
- Why money fails
- How money created freedom
- How money then created slavery
- How to use this knowledge to your own advantage
- What you can and can’t control
- Why real value is the path to liberty
Resources for today’s show…
- Follow Life With Jack on Instagram
- TSP Facebook Group
- Join the Members Brigade
- Join Our Forum
- Walking To Freedom
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on Parler
- Jack on MeWe
- Join Me on Odysee
- PreSearch.org – Get paid when you search!
- Jacob’s Ladder – Huey Lewis and the News
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I was reading an article about bitcoin and saw this funny music video in the comments. The singer is from Ukraine so I thought Jack would find it as amusing as I did. – It’s kind of a techno-opera thing. https://www.youtube.com/watch?v=KTf5j9LDObk it’s the subtitles that make it funny. The actual English translation is not funny, but very lovely poetry.
Jack is right about universities not teaching the concepts presented in today’s TSP about money creation, etc. My undergrad is in business (finance major) and I have an MBA and I can tell you that the first time that heard about these concepts (e.g. money creation, debt slavery, Fed manipulation, etc.) was here on TSP – not from any of my profs during those years. Thanks Jack.
Jack-
Another great topic and very relevant to the problems we face! I have a degree in finance and have lived most of my life after Nixon took us off of the last vestiges of the gold standard in 1971 (I was 9 at the time). I grew up in a conservative home, but did not really begin to learn until I heard Walter Williams on the Rush Limbaugh show in the early 90s, which eventually led me to find the Mises Institute, and Austrian branch of economics. Later on I also, found the best analyst on commodities, Josh Crumb, who has an amazing first principals and systems understanding of gold (and money in general). So few people understand the difference between money and currency, and why fiat currencies are doomed to eventually fail.
The idea of the Strike app is very interesting. There is a hurdle the team needs to resolve; that if you want to upgrade your limits it requires providing your social security number. From a security angle that is a NO NO. Give me a SS#, current address I can scarf a PH# and have 5 credit cards in that person’s name in no time flat. Strike needs to work on that item.
This is a regulatory requirement and NO DIFFERENT than a bank, paypal, etc.
21:28 “Gold does not have the intrinsic value that we claim it does”
Is the entire infrastructure of the Information Age a small thing? I don’t think so.
One is not necessary for the other. We could have chosen Osmium as our reserve metal and it would still be as it is today.