Master of Life Awareness 🧠 "The Price of Money" by Rob Dix - Book PReview - How to Prosper in a Financial World That’s Rigged Against You
The Price of Money by Rob Dix is a fascinating, bracing ride through the unexpectedly wild world of money. We all depend on money every day. But almost none of us understand it. Have you ever wondered why your shopping bill keeps getting more expensive? Or how the government can produce billions out of thin air while your savings are shrinking? Or where you should put your money in an age of economic turmoil? Learn how to make better financial decisions by understanding how the world of money really works.
How to Prosper in a Financial World That’s Rigged Against You
00:00 Intro
00:52 WELCOME, my name is...
02:36 "Understanding Money"
04:47 3 Functions of Money
06:46 Can anything be used as "money"
09:01 Most important factor when choosing "money"
11:14 The BUYING power of money - Inflation
13:22 GOLDEN RULE
14:53 Currency and Bank Notes Act of 1914
15:55 United States, the dollar and the GOLD
17:46 August 15th 1971, Nixon and a "temporary suspension"
18:55 What happens during tough times and war to the "golden standard"?
20:11 HOW DO Central Banks collaborate with Commercial Banks to solve the money creation problem?
22:35 REASONS for "rich" and "poor" and "government" to borrow money
24:08 QE - Quantitative Easing and its effects
27:52 View of the medium-term future & What do you do about it?
29:19 What comes next?
31:14 Think REAL not NOMINAL
32:32 Understand that no one understands
33:25 Understand your value!
35:11 AND...
"The Price of Money" by Rob Dix - Book PReview
Book of the Week - BOTW - Season 9 Book 5
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