The Story of Money versus Fiat Currency
Currencies / Fiat Currency Aug 03, 2011 - 05:16 AM GMTWelcome back to another edition of education webinars from the GoldSilver Knowledge Center - The Story of Money explains the history of money creation, how money is different from mere currency and what is fractional banking.
Also discussed is fiat currency, monetary debasement, the average monetary system life-cycle, a history of US debt versus the GDP, and the US debt projected out over 10 years.
Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.
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