The Definition of a Dollar.

in market •  7 years ago 

In this report I look at the technical picture for gold, silver and the Japanese yen. I also talk about how words have been corrupted with a focus on money and the dollar.

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ya you alright man :)

Thanks for another great informative vid.

@oldman28 You are welcome and thanks for following.

Couldn't help laugh at the dog behind you is just chilling listening to the report.
The federal reserve note is the biggest joke of all, a piece of paper that you actually don't own and has no value other than debt.
Governments will have to go back to a reset and gold and silver backed currency and wealth from what value a country has in the form of gold and silver reserves, which will make they value of it go much higher.
Will this happen soon? I don't know, but looking at the housing market, I am seeing homes drop in price, which indicates to me the beginning of the bubble about to pop, to many disasters, war of words which may become an actual war, we are facing some times that are very alarming.
It comes down to what can you afford, and what have you saved, if you haven't yet, now would be a good time to get some silver at low prices.
Thanks for the report, nice dog you got there, oh his bone fell....lol

great work but may i ask how old are you?

  ·  7 years ago (edited)

@rebecca80 Sure. I will be 53 on October 3rd.

wow you are the greatest upvoted you boss!

@rebecca80 Thanks. I am following you now.

thank you <3 i follow you too

Was great.

@youthhunger Thank you.

i like this post

@brajesh Thanks.

Notes as in a government issued notes used to have "Promissory Note" printed on each note, meaning that the note was issued to the value of gold or silver kept in holding by the state.

Fiat currency changed in late 1960's when the USA no longer backed their money with either gold nor silver. Hence it has no value, except by what the government feels the value is at any given time.

Notes go back to the 11th century with the Chinese Song dynasty and are not a new concept (out dated yes but not new).

Sadly most of the world followed and money, inflation and many other new concepts became evident in the accounting world.

IMHO blockchain technology is long overdue and will most definitely bring about new order for a new age, change is long overdue.

Thanks for the informative video @maneco64 made me think back to the 70's when the USD was 2:1 and the British Pound 1:1 against our falling ZAR currently around USD 14:1 and British Pound 17:1 on average.

The depreciation passage in the book you read was great - so relevant to today, thanks for another informative / bang on video. ps. my money is on 'we just made another higher low' xauusd