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currency

Currency is value storage and exchange system built upon the agreement of people that a thing has value.

Types of Currency

Cryptocurrency

A cryptocurrency is digital currency constructed using cryptographic algorithm.

Debt-Backed

Fiat

Fiat currency is any currency that is issued at will (usually by a government or a central bank such as the Federal Reserve) without precious metals or other tangibles backing its value. (From the Latin “Let it be done.”)

Gold or Silver Backed

Quotes

Paper money eventually returns to its intrinsic value — zero.” Voltaire (1694-1778)

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants and debt is the money of slaves.” – Traditional

  • “The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite.” - Thomas Jefferson

See Also

Common Financial Investments

Common Investments in Survivalism

Risk to Investments

Support for your Investments

References

Find the corresponding Survival Podcast episode

Relevant [[TSP]] Episodes

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Search Jack Spirko's Kindred Sites

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currency.txt · Last modified: 2020/03/12 18:33 (external edit)