=====================================================
How Money is Created by banks
Money, Debt & Banking System
How people have become slaves to banks.
Intro. - the Gold Standard Institute
Part 1 - the Origin of Money
Part 2 - the Functions & Requirements of Money
Part 3 - the Stability of Gold
Part 4 - Money in a Modern Economy
Characteristics Money must have :
1. stable store of value over time
2. high value compared to weight & volume
3. medium of exchange
4. measure of value & cost
5. transfer value over distance (eg. cross-border)
6. fungible (any sample same as any other sample)
7. divisible
8. durable
9. easily recognizable
10. rare enough that its purchasing power is balanced by cost of acquiring more of it
11. agreed to be 'money' by people using it
=====================================================
Money Supply
Governments increase the supply of money when they spend more than what they collect in taxes or when they want to devalue their currencies.
Inflation
The general rise of prices for goods & services.
Really, it's the purchasing power of currency that is reduced.
The general decrease of prices.
There are several types of deflation.
---------------------------------------------------------
What causes Inflation
Video
