Middle English: from Old French moneie, from Latin moneta ‘mint, money,’ originally a title of the goddess Juno, in whose temple in Rome money was minted.
A simple definition could be : something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work.
It has also been defined as "something generally accepted as a medium of exchange, a measure of value, or a means of payment: as:
- a : officially coined or stamped metal currency
- b : an amount of money
Currency is generally a system of money currently in general use in a particular country.
Money can be defined as any easily transportable, durable, divisible, recognizable and universally acceptable medium of exchange in which you can store your economic energy until you’re ready to deploy it.
Most of what is used as money today is nothing more than fiat currency.
Even though the penny is no longer made of copper, it costs the U.S. Mint almost twice as much to produce them than the coins are actually worth. In fact, in one year, taxpayers lost over $100 million dollars just by producing pennies and nickles.
While silver coins are used to deter bacteria growth and keep milk from spoiling, paper currency can successfully transport a live flu virus for over 2 weeks. It has been determined that 90% of all US currency carries some traces of cocaine and 94% carries pathogens and other contaminants like fecal matter.
On the Federal Reserve website they state Federal Reserve Notes have no value. This is true of almost all of the 182 official currencies world wide. In the 1920s, Hyperinflation got so bad in the Wymar republic of Germany that it became more cost effective to burn currency for fuel than to use it to buy wood.
Under U.S.C Title 18; its against the law to write on, or in any way deface U.S. Currency. Although technically, a federal reserve note is not U.S. Currency, but instead it is private banker paper. Only 8% of the world’s currency is actual physical paper. The rest is only digital entries in electronic devices on a screen.
Currency vs Money
Society uses money or currency or elements of both to operate the functions of society.
But the real essential of a successful society comes from the accumulation of virtue in the hearts and minds of the people. Moving to the use of gold and silver without seeking the Kingdom of God and His righteousness will still produce societal collapse and failure.
Keynesian and Austrian are two kinds of economists in the Western world. Virtually all the economists at the Federal Reserve, America's central bank, are Keynesians along with most every economist in the Western world. Austrian economists argue that mathematical models and statistics are insufficient in predicting economic outcomes but choose to inlist basic principles of human action.
Rome failed not merely because they removed gold and silver from their fiat currency but because of their covetous practices and the corruption which accompanied these declines. The socialist policies of Rome depleted the social virtues of society before the gold and silver disappeared. There is no intrinsic value to a society which returns to gold and silver without a return to a voluntary network bound by a daily practice of social virtues.
Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney These videos give you a fairly good perspective of the difference between Currency and Money in the form of substance.
Published on Feb 26, 2013
More: http://HiddenSecretsofMoney.com Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money.
Published on Aug 13, 2013
Seven Stages Of Empire - Hidden Secrets Of Money Ep 2
So there you have it, folks; the Seven Stages Of Empire. Rather than write about the video itself and undo the simple elegance of Mike's explanations, I thought I'd come from a different angle -- what you can do to help us. The good news is that it is actually pretty simple. If you enjoyed the video and got something from it, please share it with your friends and family. That's it. There's no 800 number, no phone calls for donations, no pledge drive...just a couple of mouse clicks is all we ask in return for providing this educational series. Please Facebook it, tweet it, email it, whatever you can do ... these ideas need to be in front of as many folks as possible. Your help in sharing these videos helps us immensely. Even just clicking the 'Like' button above is great google juice that adds up to more people understanding how they are being screwed.
As you would have heard at the end of the video, Hidden Secrets Of Money is funded by proceeds from GoldSilver.com, of which Michael Maloney is CEO. I'll be forever grateful to Michael and our team for investing such a huge amount of time and energy in this series. Most companies would have locked this content down to their own website and charged a fee for viewing it, in order to recoup the expense, but GoldSilver.com insisted that it be free for everyone to see.
Death Of US Dollar Reserve Status - Hidden Secrets Of Money Ep 3- Mike Maloney
Published on Sep 24, 2013 More: http://HiddenSecretsOfMoney.com . You may have heard stories on the news lately that suggest an international move away from the US Dollar is underway...but have you ever seen these events listed on a timeline?
Join Mike Maloney in Singapore as he states his case for why he expects the world to have a new monetary system in this decade. Whether it is countries repatriating their gold supplies, or creating bilateral trade agreements -- these events are all deemed to be 'Golden Nails' in the coffin of the U.S. Dollar Standard.
This episode follows on from Episode 2, in which we learned that the world does indeed have a new monetary system approximately every 40 years. Michael Maloney lines up the facts, showing that our current system is 42 years old, and it is developing serious stress fractures that at some stage will break.
Please share this video with as many folks as you can. It might make all the difference.
Published on Oct 15, 2013
The Biggest Scam In The History Of Mankind - Who Owns The Federal Reserve? Hidden Secrets of Money 4
Bonus Presentation here: http://www.hiddensecretsofmoney.com . Who owns the Federal reserve? You are about to learn one of the biggest secrets in the history of the world ... it's a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn't quite right with the world economy, but few know what it is.
Gone are the days where a family can survive on just one paycheck... every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today.
The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years.
Never in human history have so many been plundered by so few, and it's all accomplished through this... The Biggest Scam In The History Of Mankind.
Rise Of Hitler Was ECONOMICS - Hidden Secrets Of Money Ep 5 - Mike Maloney Published on Nov 26, 2013 More: http://www.hiddensecretsofmoney.com . Welcome to the 5th episode of Michael Maloney's Hidden Secrets Of Money. In this installment, we travel to Berlin and Frankfurt, where we were able to film the money museum inside the Bundesbank...one of the world's largest Central Banks.
This episode serves as an ideal primer for those waking up to the monetary matrix around them, as it clearly shows the history of true money and why it so important to our freedom. The quality of a society is directly proportional to the quality of its money. Debase a currency for long enough, and you end up with dangerous deficits, debt driven disasters, and eventually...delusional dictators. History proves this to be true.
For further insight on what it was like to film inside a central bank, check out the Exclusive Presentation that goes along with this episode at our website. In it, Mike tells what it was like to look at the displays and explanations from an Austrian Economics perspective. He also shows where he believes we are in the following cycles:
Quality Money/Quantity Currency
It's a fantastic 30+ minute presentation which also reports on personal freedom, gold and silver, the US dollar, and economic freedom.
The Roller Coaster Crash (Top 4 Reasons For Deflation) - Hidden Secrets Of Money Ep 6 (Mike Maloney)
Published on Nov 17, 2015
Conclusive proof a market crash bigger than 1929 is coming. There are 4 unmistakable signals a financial crisis of epic proportions is headed straight toward us. And to walk you through each of them, bestselling author Mike Maloney has released a shocking new video. It’s the first episode of the all-new season of the Hidden Secrets of Money. And it contains vital information for avoiding a stock market collapse.
Of course, just like the first season which has over 20 million views and counting, these episodes are free. It’s all part of our mission to educate as many people as possible about how money really works. And expose the dangerous game the Fed and government is playing with our financial system.
USA's Day Of Reckoning - Hidden Secrets Of Money Ep 7 - Mike Maloney
History shows that once or twice in a generation, a global crisis comes along that radically devastates people’s way of life. A fundamental shift so big and drastic and overwhelming that it destroys their standard of living and impacts every area of their lives. We are about to experience one of those events… As Mike Maloney outlines in his brand new episode of the Hidden Secrets of Money, that next major event is deflation. And the culprit will be a relatively obscure monetary term that will impact virtually every area of your life: money velocity. You may not know exactly what money velocity means, but we will all soon experience it firsthand. In fact, money velocity will be the culprit of not just deflation, but the resulting inflation — and maybe hyperinflation — that will immediately follow. [Mike refers to it as “currency” velocity, a more accurate term, since true “money” is gold and silver.] The good news is, there is a way to protect yourself and even profit from these upcoming crises. History shows that on the opposite side of every crisis, there is an equal opportunity…
It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.
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