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
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The world will not crash when ask and receive is used. People need to be disguised with money. Money came from Satan's prison not God's mind. Kill - annihilate money. It is a destructive beast that is addictive.
Money is just a convenient system of barter exchange accounting.
When you buy crypto who exactly gets your money?
“Don’t worry Tommy my boy. As long as we Americans can buy ale with it paper money will work out just fine.” – Ben Franklin
Invest in assets or capital??
Earnings belong to the shareholders?? haha
The famous, 20th century, philosopher Joseph Campbell said money is congealed energy. We place a spiritual (mental) value in it, and at the root of the U.S. economy is energy. Our entire economy is based upon faith, that is believing that the energy in a dollar bill will do something for us: This is like money is a god and we believe in it; hence, "In God We Trust" on our U.S. money. This also has a implication that money is debt, where we are owed something, and rich people accumulate debt and this is different from actual value like real property.
Unfortunately, this missed a couple of key facts about money. There are three types Currency (cash), Bank reserves (controlled by central bank - FED or BoE) - consumers never see this and finally, Commercial Bank created Money when it lends. (See BoE, and search for "Money creation in the modern economy"). The latter tends to cause the problems in the financial system when it gets out of hand. It also means that the central bank does not have full control on the quantity of money. Banks do perform an intermediary role, however, they do also create and destroy bank money (create when a loan is created, swipe your credit card! and destroy when loan is repaid, pay your credit card bill from deposited money).
@CrashCourse I keep getting the advertise of a company called mobilink-coin whenever I watch your econ videos, I did some research on it because it looks like a pretty good deal but it turns out it is a SCAM! I tried to report their videos to youtube, report their ads to AdSense and I have no idea what else I can do, the advertisement keeps coming up and everytime I check and they have more and more subscribers, people are buying it and I feel so useless, I try to warn ppl on their channel but they just delete my comments. Can you help in any way?! There are probably lots of people seeing it because of this series! I almost fell on their trap myself!
Each investment made in the crypto currency is transferreddaily to the escrow account. And if until the end of the initial offer the softcap will not be assembled, we organize a refund of funds to all investors.
As the practice of the last few years has shown, the powerful potential that the cryptocurrencies are endowed with, allows us to ensure decentralization and security of money operations in the modern world. But nowadays there is still no single currency that could be considered universal in the mass market and unite a multi-million audience in the global community.
Poolico-platform.com is a platform for uniting investors into pools, for participation in ICO projects, on the most favorable terms at the early stages of the initial offer.
The essence of our project is that we unite private investors in the pool, to participate in a closed primary offer of TON tokens. Each investor has the opportunity to invest his share through our platform. By registering and using your personal office, everyone can refill bitcoins or ether and buy the share in the pool. The funds are daily sent to the escrow account in US dollars, since participation in the primary offer of TON tokens is impossible by the cryptocurrency. Your share is fixed in US dollars according to the average rate of bitcoin or ether at the time of receipt of funds.
At the end of the fund-raising, all raised funds will be used to purchase the TON tokens at the price set at the time of purchase. After that, all tokens will be distributed among participants of our platform in proportion to their contributions in US dollars.
All funds are transferred to the escrow account on a daily basis, and in case of impossibility to participate in the TON initial offer, all funds will be returned to their investors. But we plan to participate in the next round of sales, which, according to our data, still going to be.
The Telegram messenger can become an excellent launching pad for the initial implementation of the project, as it is now connected by a large number of public chats, groups, and channels with a multi-million base of subscribers. And it is the ready audience for the acquisition of digital content and physical goods. After 2021, it is planned to launch its own element called Telegram.
Timeframe of Fundraise.