The best investment one can make in their life time on their education, education on history of money, how wealth is transformed, finance, the economics crisis, the stock market, how the Central World Bank work, the monetary system, the global economics.There is Science logic in everything. We have studied that in the third laws of motion where it is stated that every action has a equal and opposite reaction. In thermodynamics we have studied that energy is never lost or gain but it is transformed. Because every law is governed by a Universe Laws and money is never lost or gain it is transformed according to it's accessibility in coming era.
This is currency of present times !
To understand about the money one has to further look into past then further into the future.The two greatest asset of every individual in this planet is time and freedom it can steal from you, money is only used to trade your time.
The currency from 1913 !
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| Read within the circle and underlined with yellow |
The disaster ever can happen in the history is the crisis of money and the every opposite side of the every crisis there is a opportunity to make money, how can we know that there is transformation is going to take place ? You have to look into the era how the present era is changing.
To understand about the difference between money and currency just check the history of trade or medium of trade. We know about the Barter System and then use of Gold and Silver had replaced. 5000 years ago the people were using gold and silver as predominance form of currency and money as well. But in the long term currency lost it's value.
Currency !
The currency is the part of money. The each unit is same as the next unit,currency is a medium of exchange, a unit of account, it's portable, durable, divisible, fungible it's means the same of each unit as of the next unit and the currency has a specific printed number on it. If you look globally almost every continents have different currency.
Money !
Money is also having the same virtue of a currency including it's store a value for a long period of time, i.e Gold and Silver. Why gold and silver is a ultimate form of money because of it's patent property. Which also becomes a medium of exchange and hold a large amount of value in small area, it is a unit of account which has same value all across the globe. The price of Gold in India is of same price in America. The gold which had been used 5000 years ago still existing with holding a larger value with it's trade-able accessibility. The another reason it is also in limited in quantity that's the reason over 5000 years it has maintained it's purchasing power, all the currency is backed up by the gold and silver, we have a lots of currency with different value across the globe, currency can lose it's value.
India
Recently in India government has banned the use of 500 and 1000 rupees note it didn't affected the government because every currency is backed up by the money i.e gold &silver.
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