#money #fiatcurrency #gold #silver #bankofengland #inflation #soundmoney #storeofvalue #meansofpayment #barter #exchange
Today I will look at whether the Bank of England should be trusted when it comes to financial or monetary education.
I will actually use a great deal of the Bank's own material to prove why, in my opinion, people should be really cautious about what the U.K.'s Central Bank has to say, not only about money but also about inflation and economics.
Bank of England website: https://www.bankofengland.co.uk/
John Exter's presentation on money and our current fiat-currency system: https://www.pdf-archive.com/2011/09/17/john-exter-on-iou-ioun-woun/
Murray Rothbard's "What Has Government Done to Our Money": https://mises.org/library/what-has-government-done-our-money
Bank of England's video on What is Money:
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Thanks again for the educational class, Maneco64.
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Does BOE just not have gold standard or gold anymore?
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The U.K gold reserves add up to 310 metric tonnes. The roughly 5k mt of gold in the Bank of England vaults is gold being held for other Central Banks.
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