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David https://markethive.com/david-ogden
FINANCIAL EDUCATION & YOUR BEST INVESTMENT
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Join the 'CRYPTO Revolution'
Protect & Profit From Debt Collapse & Cashless Society
Don’t Be a Casualty in the Global War on Cash and Debt Collapse !
" The war on cash is a big victory for big government
– and a big loss for liberty, freedom, and privacy "
In the war on cash, you’ll need safer strategies for your money
For the moment, we are in the calm of the proverbial eye of the largest hurricane ever,and it is the calm before the inescapable storm that will be more financially destructive than the 2004 Indian Ocean tsunami. If you fail to understand what money is vs what currency is, you remain at risk!
Most people are rational and respond to adverse financial incentives (like negative interest rates) by doing whatever they can to preserve their capital by moving their money to the safest possible banks plus learning to 'Be Your OWN BANK 2.0 '
BITCOIN IS THE BIGGEST IDEA SINCE THE INTERNET!
It’s practically guaranteed that in the next financial crisis, there’ll be a whole slew of bank failures.
Don’t believe a word of it. The amount of capital that banks hold compared to the money on deposit is frighteningly low. In the US, the five largest banks have a capital ratio as a percentage of assets of only 6% – although that’s double what it was in 2008. In effect, if every depositor in a bank demands their money back simultaneously – the classic “bank run” – the largest US banks could repay only six cents on the dollar before they ran out of money. And since most banks don’t keep a lot of cash on hand, it could even be less.
Indeed, there’s only a single type of bank that would be completely safe: one where 100% of each depositor’s funds are kept in reserve as cash or other highly liquid assets. The bank would offer conventional checking accounts for a monthly fee but hold no assets other than cash, gold, etc., in its vault.
Your friendly central banker will never tell you it wants to abolish cash so that you have no alternative but to keep all your money in a bank where your deposits can be bailed in at the click of a mouse
Digital currencies are part of a worldwide revolution !
People across the planet are starting to transact using cryptocurrencies and the remarkable blockchain tech! Since inception, Bitcoin has outperformed all stock indices, real estate holdings, hedge fund returns, and collectable cars! It is becoming one of the ultimate safe havens because it bypasses the corrupt global banking system.
Become truly educated on the past-present-future of money and financial technology!
ACCESS FOR FREE 'BE YOUR OWN BANK 2.0' GROUP
PRECIOUS METALS & CRYPTOCURRENCIES
FREE TRAINING & SERVICES & EARNINGS
CRYPTO TRADING & CRYPTO ICOS
CRYPTO ONLINE SCHOOL
To your success,
David https://markethive.com/david-ogden
FINANCIAL EDUCATION & YOUR BEST INVESTMENT
<>;
Join the 'CRYPTO Revolution'
Protect & Profit From Debt Collapse & Cashless Society
Don’t Be a Casualty in the Global War on Cash and Debt Collapse !
" The war on cash is a big victory for big government
– and a big loss for liberty, freedom, and privacy "
In the war on cash, you’ll need safer strategies for your money
For the moment, we are in the calm of the proverbial eye of the largest hurricane ever,and it is the calm before the inescapable storm that will be more financially destructive than the 2004 Indian Ocean tsunami. If you fail to understand what money is vs what currency is, you remain at risk!
Most people are rational and respond to adverse financial incentives (like negative interest rates) by doing whatever they can to preserve their capital by moving their money to the safest possible banks plus learning to 'Be Your OWN BANK 2.0 '
BITCOIN IS THE BIGGEST IDEA SINCE THE INTERNET!
It’s practically guaranteed that in the next financial crisis, there’ll be a whole slew of bank failures.
Don’t believe a word of it. The amount of capital that banks hold compared to the money on deposit is frighteningly low. In the US, the five largest banks have a capital ratio as a percentage of assets of only 6% – although that’s double what it was in 2008. In effect, if every depositor in a bank demands their money back simultaneously – the classic “bank run” – the largest US banks could repay only six cents on the dollar before they ran out of money. And since most banks don’t keep a lot of cash on hand, it could even be less.
Indeed, there’s only a single type of bank that would be completely safe: one where 100% of each depositor’s funds are kept in reserve as cash or other highly liquid assets. The bank would offer conventional checking accounts for a monthly fee but hold no assets other than cash, gold, etc., in its vault.
Your friendly central banker will never tell you it wants to abolish cash so that you have no alternative but to keep all your money in a bank where your deposits can be bailed in at the click of a mouse
Digital currencies are part of a worldwide revolution !
People across the planet are starting to transact using cryptocurrencies and the remarkable blockchain tech! Since inception, Bitcoin has outperformed all stock indices, real estate holdings, hedge fund returns, and collectable cars! It is becoming one of the ultimate safe havens because it bypasses the corrupt global banking system.
Become truly educated on the past-present-future of money and financial technology!
ACCESS FOR FREE 'BE YOUR OWN BANK 2.0' GROUP
PRECIOUS METALS & CRYPTOCURRENCIES
FREE TRAINING & SERVICES & EARNINGS
CRYPTO TRADING & CRYPTO ICOS
CRYPTO ONLINE SCHOOL
To your success,
David https://markethive.com/david-ogden
FINANCIAL EDUCATION & YOUR BEST INVESTMENT
<>;
TRADE COIN CLUB & CRYPTO AUTO TRADING
Join the 'CRYPTO Revolution'
Protect & Profit From Debt Collapse & Cashless Society
Don’t Be a Casualty in the Global War on Cash and Debt Collapse !
" The war on cash is a big victory for big government
– and a big loss for liberty, freedom, and privacy "
In the war on cash, you’ll need safer strategies for your money
For the moment, we are in the calm of the proverbial eye of the largest hurricane ever,and it is the calm before the inescapable storm that will be more financially destructive than the 2004 Indian Ocean tsunami. If you fail to understand what money is vs what currency is, you remain at risk!
Most people are rational and respond to adverse financial incentives (like negative interest rates) by doing whatever they can to preserve their capital by moving their money to the safest possible banks plus learning to 'Be Your OWN BANK 2.0 '
BITCOIN IS THE BIGGEST IDEA SINCE THE INTERNET!
It’s practically guaranteed that in the next financial crisis, there’ll be a whole slew of bank failures.
Don’t believe a word of it. The amount of capital that banks hold compared to the money on deposit is frighteningly low. In the US, the five largest banks have a capital ratio as a percentage of assets of only 6% – although that’s double what it was in 2008. In effect, if every depositor in a bank demands their money back simultaneously – the classic “bank run” – the largest US banks could repay only six cents on the dollar before they ran out of money. And since most banks don’t keep a lot of cash on hand, it could even be less.
Indeed, there’s only a single type of bank that would be completely safe: one where 100% of each depositor’s funds are kept in reserve as cash or other highly liquid assets. The bank would offer conventional checking accounts for a monthly fee but hold no assets other than cash, gold, etc., in its vault.
Your friendly central banker will never tell you it wants to abolish cash so that you have no alternative but to keep all your money in a bank where your deposits can be bailed in at the click of a mouse
Digital currencies are part of a worldwide revolution !
People across the planet are starting to transact using cryptocurrencies and the remarkable blockchain technology! Since inception, Bitcoin has outperformed all stock indices, real estate holdings, hedge fund returns, and collectable cars! It is becoming one of the ultimate safe havens because it bypasses the corrupt global banking system.
Now is the time to become truly educated on the future of money and financial technology!
ACCESS 'BE YOUR OWN BANK 2.0' GROUP
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To your success,
David https://markethive.com/david-ogden
FINANCIAL EDUCATION & YOUR BEST INVESTMENT
' The Greatest Wealth Transfer of History is in Front of Us '
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PROTECT & PROFIT
Debt Collapse & Cashless Society
Don’t Be a Casualty in the Global War on Cash and Debt Collapse !
" The war on cash is a big victory for big government
– and a big loss for liberty, freedom, and privacy "
In the war on cash, you’ll need safer strategies for your money
For the moment, we are in the calm of the proverbial eye of the largest hurricane ever,and it is the calm before the inescapable storm that will be more financially destructive than the 2004 Indian Ocean tsunami. If you fail to understand what money is vs what currency is, you remain at risk!
Most people are rational and respond to adverse financial incentives (like negative interest rates) by doing whatever they can to preserve their capital by moving their money to the safest possible banks plus 'Being Their OWN BANK 2.0 ' using the latest blockchain technology financial applications for precious metals and cryptocurrencies.
Watch Video About …
BE YOUR OWN BANK 2.0
It’s practically guaranteed that in the next financial crisis, there’ll be a whole slew of bank failures.
Don’t believe a word of it. The amount of capital that banks hold compared to the money on deposit is frighteningly low. In the US, the five largest banks have a capital ratio as a percentage of assets of only 6% – although that’s double what it was in 2008. In effect, if every depositor in a bank demands their money back simultaneously – the classic “bank run” – the largest US banks could repay only six cents on the dollar before they ran out of money. And since most banks don’t keep a lot of cash on hand, it could even be less.
Indeed, there’s only a single type of bank that would be completely safe: one where 100% of each depositor’s funds are kept in reserve as cash or other highly liquid assets. The bank would offer conventional checking accounts for a monthly fee but hold no assets other than cash, gold, etc., in its vault.
Your friendly central banker will never tell you it wants to abolish cash so that you have no alternative but to keep all your money in a bank where your deposits can be bailed in at the click of a mouse
Earn FREE BITCOINS 100% On Autopilot & DONATE For A Cause
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"8 RULES OF PRIVATE INVESTOR"
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David https://markethive.com/david-ogden
FINANCIAL EDUCATION = YOUR BEST INVESTMENT
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How To Protect & Profit from
Debt Collapse & Cashless Society
Be Your Own Bank 2.0 !
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SUCCESS = MINDSET + LEARN + APPLY + TEACH
David https://markethive.com/david-ogden
Money, according to Wikipedia is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.
So if that is true, then MONEY needs to have some undeniable characteristics. Typically there have been five of them through the centuries for any money to last any length of time. Scarcity, Recognizeability, Divisibility, Fungibility, and Portability are the original five, but there have been some more added over time and by necessity, that will be mentioned further in the blog.
Scarcity is one that has to be in place for money to work properly in any economy. If it wasn't there would be no value to it and it would not be trusted as payment for goods and services.
Recognizeability is another major factor in what money must be. Whether it is paper, or coins, or cacao beans, it must be recognizable by the accepting party to trust it as payment.
Money must have Divisibility be into smaller units, but still equaling the same value when the smaller parts are together in the same payment. The decimal system has made this very simple with the money we know today.
The next characteristic has to be present, almost more so than the others, for money to work as it is intended. Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution. So basically it has to look the same across the board according to the denomination. It's kind of hard to tell now what the different money is and what it looks like anymore because governments are constantly changing the printing or design of it.
Portability is the last of the original 5 but still very important. Money must be easy to carry around with you. Would a 55 gallon drum of oil or a 100 dollar bill be easier to carry? Yeah, no brainer right?
Durability has come into play as a factor for any money to valuable in the different economies of the world. For instance, coins had to be able to withstand time and wear. But then over time the power that money extended to governments and rulers, made quality of that durable money became an enormous factor in its value and if it could be trusted.
Today digital currency has brought with it some more characteristics that need to be in place. Security being of great importance, there has to be a very secure way to transfer digitally from one party to the other.
Stability is the outcome, or benefit of a secure system that delivers digitally around the world through the technology of a block-chain that is decentralized and independent of control be any governing body.
We are about to to be a part, NO, WE ARE ALREADY IN one of the biggest disruptions of all world currencies the planet has ever seen. The Roman Empire experienced it and is no more because of it.
Currency is the language that allows for the expression of transactional value between two parties. So, in the digital age we are in, the coming of digital currency was always inevitable. Thanks to Satoshi Nakamoto, known for inventing bitcoin, implementing the first block-chain, and deploying the first decentralized digital currency, it is becoming a reality. Learn more here.
Contributor
Patrick Tate
David https://markethive.com/david-ogden