Podcasts Other New Class Rising with Hector J. Mises 010: Real Money vs Currency and Why You Should Get Some of the Real Stuff!

010: Real Money vs Currency and Why You Should Get Some of the Real Stuff!

Published: May 5, 2014, 8:30 a.m.

One of the biggest cons ever perpetrated on people is that Currency is actually Money!

It can be when it is backed by a hard asset. Historically that has been Gold and Silver.

Well, that is no longer the case and, in fact, it hasn't been the case since 1971 when the U.S Dollar broke its ties to gold. 

Since then we have been operating on what is now known as  a Dollar Standard - this is nothing more that fiat currency backed by confidence.

What 'Confidence', you might ask? - The confidence that paper money is really worth the number htat is printer on it. That's it! 

In this episode, I am discussing the differences between Currency and Real Money and WHY you need to get some of the real stuff yourself! 

I bet you your college didn't tell you why the paper dollars in your pocket aren't really money? #NewClassRising #010 with @Hector_Avellan [TweetThis]

 

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