【Native Speaker每日综合训练—28系列】【28-04】经管 -- Hidden Secrets of Money

AceJ

Official Weibo: http://weibo.com/u/3476904471

我们始终坚信，每一次阅读，都应是一次美妙的旅程； 而工作组的使命就是带领大家领略阅读中的极致美景
各位小伙伴们，从本期开始，周四的经管贴将立足于经济领域中的最新成果及不为人知的行业及职业，希望能在提升大家阅读水平的同时，亦能拓宽视野，平添乐趣。

一起来领略这奇妙旅程的第一站—The Hidden Secrets of Money 货币中的秘密！

Part I: Speaker

Article 1

Hidden Secrets of Money is a free video series about money hosted by Mike Maloney, bestselling author of Guide to Investing in Gold & Silver. Mike's goal is to give everyone a solid foundation in the principles of money and wealth. This documentary style video is for everyone interested in learning about how money works, whether you are just starting your career or if you are planning for retirement and living on social security income. The mission for the series: To enlighten the world that maximum prosperity can only be achieved through individual freedom, free markets, and sound money.

[Rephrase 1]
Prevue: Hidden Secrets of Money

[Speech, 1:43]

Episode 1 Currency VS. Money

[Speech, 25:22]

[The Rest]
感兴趣的同学可以继续把剩下3集看完
Episode 2 Seven Stages of Empire


Episode 3 Dollar Crisis to Golden Opportunity


Episode 4 The Biggest Scam in the History of Mankind


Source: GOLDSILVER.com
http://i.youku.com/u/UMzUzNjU0NDg4/videos/order_1_view_3_page_1

AceJ

Part II: Speed

Article 2

Types of Money

[Time 2]
Money can be described as a token or a payment option which is used in our society to settle debts and to pay for the services and commodities which are provided to us. In other words, money is the medium of exchange in our society which has also been accepted by the law. Money plays a pivotal role in a country's economy.

The main functions of money are:

• It is a medium of exchange
• It gives purchasing power to consumer to pay for goods and services
• It is a unit of account
• It is a unit measure of value.
• It is a standard of deferred payment
  

There are several kinds of money varying in liability and strength. The society has modified the money at different times and in this way several types of money are introduced. When there was ample availability of metals, metal money came into existence later it was substituted by the paper money. At different times, several commodities were used as the medium of exchange. So, it can be said that according to the needs and availability of means, the kinds of money has changed.

There are 4 major types of money:

• Commodity Money
• Fiat Money
• Fiduciary Money
• Commercial Bank Money
  

Commodity Money
It is the simplest kind of money which is used in barter system where the valuable resources fulfill the functions of money. The value of this kind of money comes from the value of resource used for the purpose. It is only limited by the scarcity of the resources. Value of this kind of money involves the parties associated with the exchange process. These money have intrinsic value.
Whenever any commodity is used for the exchange purpose, the commodity becomes equivalent to the money and is called commodity money. There are certain types of commodity, which are used as the commodity money. Among these, there are several precious metals like gold, silver, copper and many more. Again, in many parts of the world, seashells (also known as cowrie shells), tobacco and many other items were in use as a type of money & medium of exchange.
Ex: gold coins, beads, shells, pearls, stones, tea, sugar, metal

[362 words]
Q1: The reason why commodity money was used is that they are kind of __________

[Time 3]
Fiat Money
The word fiat means the "command of the sovereign". Fiat currency is the kind of money which don't have any intrinsic value and it can't converted into valuable resource. The value of fiat money is determined by government order which makes it a legal instrument for all transaction purposes. The fiat money need to be controlled as it may affect entire economy of a country if it is misused. Today Fiat money is the basis of all the modern money system. The real value of fiat money is determined by the market forces of demand and supply.
Ex: Paper money, Coins

Fiduciary Money
Today's monetary system is highly fiduciary. Whenever, any bank assures the customers to pay in different types of money and when the customer can sell the promise or transfer it to somebody else, it is called the fiduciary money. Fiduciary money is generally paid in gold, silver or paper money. There are cheques and bank notes, which are the examples of fiduciary money because both are some kind of token which are used as money and carry the same value.

Commercial Bank Money
Commercial Bank money or demand deposits reclaims against financial institutions that can be used for the purchase of goods and services. A demand deposit account is an account from which funds can be withdrawn at any time by cheque or cash withdrawal without giving the bank or financial institution any prior notice. Banks have the legal obligation to return funds held in demand deposits immediately upon demand (or 'at call'). Demand deposit withdrawals can be performed in person, via cheques or bank drafts, using automatic teller machines (ATMs), or through online banking.

[280 words]
Q2: When your customer pays you with the check, what kind of money he is using?

[The Rest]
Interesting facts about various types of money:
• In China cowry shells are regarded as money during 1000 B.C to 1200 B.C.
• Leather bags are treated as money in the ancient city of Carthage.
• Copper coins are treated as money by Romans 600B.C.
• Silver coins are treated as money by Ancient Persians between 600-300 B.C.
• Gold Coins are treated as money in 600 B.C in Anatolia (Asian Turkey or Asia Minor)
• Paper Money first appeared in China about 800 AD . In Europe, Sweden is the First country to issue Paper Money in 1661.

[93 words]

Source: mapsofworld.com
http://finance.mapsofworld.com/money/types/

Article 3

20 Things You Didn't Know About... Money

[Time 4]
1 No escape: As you file your taxes this month, you can take solace in knowing that the ritual dates back almost 5,000 years, to a time when Egyptians started paying taxes in goods and labor.
2 Collecting taxes became a lot easier after Egypt and Mesopotamia began using silver and gold bars as currency, around 2500 B.C.
3 Unfortunately, the invention of money also made theft a lot easier. Consequently, temples became the first banks because they were sturdy, frequently visited, and intimidating to would-be thieves.
4 But did they offer subprime mortgages? By 1750 B.C., Babylonian temple priests had branched out into issuing loans to locals.
5 Back then they didn’t need bailouts. Founded in Italy as a pawnshop in 1472, the Banca Monte dei Paschi di Siena is the world’s oldest surviving bank.
6 Paper money originated in China in the year 910 and amazed Marco Polo when he visited three centuries later. He also noted that the emperor, Kublai Khan, seemed to be printing an awful lot of notes…
7 …which ultimately wrecked the economy. Due to skyrocketing inflation caused by churning out so much money, paper bills had to be abolished in China in the 15th century.
8 Return of the funny money: The expense of the U.S. Civil War inspired the government to introduce paper “greenbacks” in July 1861.
9 All the U.S. coins and bills in general circulation today have a total worth of about $829 billion.
10 Two-thirds of that cash is held overseas.

[252 words]
Q3: Why did paper bills be abolished in China in the 15th century?

[Time 5]
11 Filthy lucre: In a study last year, researchers found more cocaine residue on U.S. bills than on any other currency. Also found on money: staphylococcus bacteria and fecal matter.
12 That may explain why, for a period around 1916, you could carry your cash to Washington, D.C., to have it washed, ironed, and reissued.
13 The paper used for U.S. bills isn’t made from trees. Rather, it contains 75 percent cotton and 25 percent linen.
14 To foil counterfeiters, the latest $5 bill design has an embedded security thread that contains more than 650,000 tiny glass domes. They create an optical illusion that the Mint hopes is almost impossible to duplicate.
15 He left home without it: In 1949 Frank X. McNamara took friends to dinner in New York City but forgot to bring his cash. He vowed never again to be so embarrassed and so created the Diners Club Card, the first credit card.
16 The Diners Club Card was initially made of cardboard. It listed the 14 participating restaurants on the back and had an annual fee of $3.
17 Scottish inventor John Shepherd-Barron built the world’s first true ATM for a Barclay’s Bank in North London in 1967.
18 The machine was based on the concept of a chocolate bar dispenser.
19 Plastic cards did not yet exist, so Shepherd-Barron’s ATM accepted only checks laced with identifying traces of radioactive carbon-14.
20 Once a distinctively radioactive check was detected, customers entered their four-digit PINs. Shepherd-Barron claimed users “would have to eat 136,000 checks” for the radioactivity to have any dangerous effects.

[265 words]
Q4: How did the earliest ATM detect checks?

Source: Discover
http://discovermagazine.com/2009/apr/20-things-you-didnt-know-about-money#.UontK8TUPDA

Article 3

Introduction to Currency Trading

By Kathy Lien, Boris Schlossberg, Casey Murphy, Chad Langager and Albert Phung

[Time 6]
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.

Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.

Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

[262 words]
Q5: In order to make movements more meaningful, what are foreign exchange brokers doing?

Source: INVESTOPEDIA
http://www.investopedia.com/university/forexmarket/

AceJ

Part III: Obstacle

Article 4

Secrets of the Dollar

By William Pesek

[Paraphrase 7]
There is definitely something strange and weird about the USA Dollar. From hidden secrets and symbols to cataclysmic prophecies the Dollar has it all. Just have a look at this initial collection of bizarre findings. Please note that there are so many secrets that we've classified this as a "live" page which means we'll keep adding to it. These secrets only seem to appear in the Dollar currency. We've looked for similar effects in the Pound, the Rupee, the Euro and even the Rand without any success. However, with the Dollar we just keep on finding them! After Months of study we can honestly say that the Dollar is the most complex, intelligent, intricate, mysterious and beautiful of currencies. It is the perfect representation of Art and Science.

1. 9/11 TRADE CENTRE
Prophecy of doom or even an incitement to terrorism?

This is an ordinary 20 Dollar banknote it was first printed in 1928 and is known as the "Jackson Bill". The version shown in the images was printed in 2003 (after the 9/11 attacks but the image of the White House is essentially the same as in earlier versions).

We are trying to access an original 1928 bill and to see if the effect described below is the same. Please feel free to try this for yourself - we did! The secrets become clear.

First take the 20 Dollar Bill and fold it in half as shown in the diagram to the right. Then do a 45 degree fold to match up perfectly with the center of the Bill's width. (Fig 3) Repeat the same process with the opposite side and ensure that the center line and the top of the banknote are in alignment. (Fig 2)

An image immediately becomes clear. It is the top of a three or four story building with smoke billowing out of its central facade. It looks very similar (but definitely not identical) to the classic photograph of the Pentagon after it was struck by a Boeing 757 - Flight 77. This, in itself, is strangely disturbing but simply turning the folded 20 dollar bill to its opposite side reveals an even more concerning picture. It is a single skyscraper in the process of collapsing in exactly the same manner as the second doomed tower of the New York World Trade Centre did (WTC2).

This alone should give you pause for thought but now unfold the banknote and the creases form an octagonal design. (Shown in the diagram with red over-lines) The exact center point lines up with Oval Office which is exactly on the other side of the building at a 13 degree trajectory. It is widely believed that the White house was supposed to be the 3rd target of the 9/11 attacks. Are these "Coincidences" a 1920's prophecy of doom or were these "strange images" the very reason that the targets were selected in the first place. Did someone show Osama the trick and say ... "Hey! I know what we should attack."


2. THE RECURRENCE OF 13
Much has been written on the internet about the number thirteen and its relationship to the secrets of the Dollar Bill. A lot of it is interesting but some of it may take you in the wrong direction! Here is some new information.

There are five numbers that repeat themselves with noticeable regularity. They are: 3, 6, 9, 12 and 13. The first four (quarters) are all linear multipliers of three (3) and represent the geometric thirds and the original trinity. (An important concept in deep Masonic teachings; hence the title - a 33 degree Mason - the highest rank.) They are also the proportions of the "Golden Mean" which was so important to Da Vinci "The Real Da Vinci Code" and the Fibonacci sequence and considered the "Natural Miracle of proportions".) They are also the parameters of the parallelogram grid used to design all else on the Dollar Bill. Why? Take any number in the universe and divide it by three (3) and it will repeat to infinity. This is believed to be the Masonic interpretation of the Divine. Proof of the existence of the "Great Architect". So why was 13 so important? It dates back to the existence of two organizations - The Knights Templar and the Knights Hospitaller. Both were Christian Warrior Orders established to protect pilgrims to Jerusalem. (Please bear with us and do your own research as we are trying to cram a thousand pages into a few paragraphs.) The Hospitallars stayed "Pious" and today are commonly known as St. John's Ambulance the Knights Templar introduced the first promissory currency and so became "God's Bankers". The word "Banker" originally meant "Holder of Valuables". Their power grew to such an extent that they potentially threatened both the Roman Catholic Pope Clement V and the French King Philip IV. On Friday the "13th" of October 1307 a secret order issued by the Pope to destroy the Order was carried out with vicious efficiency using the excuse of Heresy and Demon worship. Most of the Templar wealth was confiscated but a significant proportion was saved. The persecution of the Knights had been worst in France where it benefited the French King but in other countries remnants survived.

What happened to the wealth of the Knights Templar is uncertain. It is one of the great unsolved secrets. There is an interesting coincidence that some of the first references to the Freemasons (1390) start to appear shortly after the original persecution. There are also a number of similarities between the two organizations. Both have a physical and symbolic link to the Temple of Solomon, both have a strong belief in a supreme being, both have ritual secrets and both have a focus on living an honorable life and doing charitable works. Finally, both organizations have always seemed to been associated with banking. Terry Pratchet, in his novel "Making Money" reminds us that banks often look like temples.

We could write books about the discovery of America by the Europeans and there would still be debate. It is fair to say that the actions of Christopher Columbus in 1492 - 1493 did create a wide awareness that a continent did indeed exist across the Atlantic. The years that followed saw several of the great "Old World" countries take a significant colonial interest in the "New World". Between 1492 and 1776 the Spanish, Dutch, French and British all laid claims to various parts of the land mass. During the period 1720 and 1776 two interesting developments coincided. It was during this period that the Freemason movement gained significant numbers and strength and at the same time the desire for independence was growing stronger in the American Colonies.

A theory about the origins of the Dollar Bill and Great Seal is this: Many people had moved to the new world in order to live safe from the "Royal and Religious prejudice of Europe". It is highly likely that amongst these people were influential descendants of the both Freemasons and the Knights Templar. (Perhaps the Freemasons were the descendants of the Templars) Core to their beliefs was the creed that "All Men are Created Equal" and that "Liberty for All" should be part of their eternal "Constitution". The number 13, the date on which they were originally betrayed, was (and still is) built into all their works as a warning to future generations. It even dictated the original number of States.

As such, the designers of the original Great Seal and those who continue to design the USA Currency (the treasury department) still include many geometric and image-based secrets that add to the mystery of the Dollar. Possibly the descendants of "God's Bankers" still included the number 13 to remind their descendants that betrayal can happen at any time.... (Please note that the current One dollar bill was printed in 1963 - the first One dollar Bill was printed in 1862.)

[1361 words]

[The Rest]
3. THE SPIDER, OWL, WEB AND WHAT SKULL?
This is one of the most commonly known "secrets" of the Dollar Bill. Hidden in the top left curve of the shield shape that surrounds the number one is a tiny deviation from the geometric web. This shape is called the spider or sometimes the Owl. It certainly does not appear to be an accident of design but a deliberate modification of the underlying web or mesh pattern if you then examine the matching number one on the opposite side a simulation on a spider' web becomes clear. Neither the "Spider" nor the "Web" are perfect representations. This may be that to make them so would have revealed them too easily when the Bill was first being designed. It is also said that if you rotate the image it becomes the sign of Piracy - The skull and cross bones. The more we tried to enhance the image the less it looked correct. Still, you decide for yourselves.

4. SHIVA - THE CREATOR & 33 DEGREE GEOMETRIC PRECISION
It has long been known that USA banknotes are designed using sophisticated geometric patterns based on powerful ancient symbols. We have so much proof of this that it is no longer in any doubt. It should not be surprising that extreme close-up photographic examination of the banknote can reveal strange secrets. It's part of the "Magic" of the Dollar. This is the Shiva Secret. At the base of the One Dollar Bill and on both sides the background web of lines and loops form a distinctive image of the Hindu God Shiva. Hindu beliefs are less structured and have variations in their teachings. Shiva is often described as the Supreme God and sometimes as the Destroyer or Transformer. The pictures to the right clearly demonstrate the point.

5. THE KNIGHTS OF MALTA
There is another powerful and distinctive geometric shape that can be found hidden in the mesh of the One Dollar Bill. If you look at the top left hand corner at the pattern behind the letters "One" and the large numeral you can see the shape of a Maltese cross.
This is the symbol of the Knights of Malta otherwise known as the Knights Hospitallars. Their full name was (is) The Sovereign Military Hospitaller Order of St. John of Jerusalem of Rhodes and of Malta.
It is worth noting that when the Knights Templar were betrayed and their order dissolved in 1312 much of their wealth found its way to the Knights of Malta. It is very worth noting that the Order's island fortress and home of Malta was captured by Napoleon in 1798 and many of the Hospitallar financiers fled to the newly independent country of America.

[456 words]
强烈呼吁大家去原网站看这些美元上的图片（由于发图限制我贴不了这么多图片，索性就不贴了）
Source: AQUIZIAM
http://www.aquiziam.com/secrets-dollar.html

AceJ

连作业一起发啦~~~

Hidden Secrets of Money

Your true wealth is your time and freedom. Money is just a tool totrade your time.

The best opportunity of investment is education, on money history,on finance, on how central banks work

5000 years ago, Egypt started to use gold and silver as currency

What is the difference between currency and money?

Currency is medium of exchange, a unit of account, it is portable,durable, divisible and fungible; money is currency added store of value becauseit's limited quantitate, government cannot make it at will

Fiat money is just an authoritative confidence game, and inflationoften happens when government supply more currency than demanded

QE, quantitative easing, indicates that each government on planet isdoing deficit spending

Types of Money

Time2: 2'30" There are different kinds of money at differenttimes, because of different means and availability

The first one is commodity money, such as precious metals, seashelland tobacco

Time3: 1'48" The second one is fiat money, whose value isdetermined by government; the third one is fiduciary money, such as checks orbank notes; the forth one is commercial bank money

20 Things You Didn't Know About... Money

Time4: 2'02" the first 10 interesting things about money, suchas invention of money made theft easier, the temple was the first bank, papermoney was invented in China

Time5: 2'02" the next 10 interesting things about money, suchas U.S. bill has more cocaine than any other currency do, Frank created thefirst credit card because he forget to take money in dinner and John built thefirst true world ATM

Introduction to Currency Trading

Time6: 1'50" With internet, average investors can alsoparticipant forex; forex is so huge that no any single institution even centralbank can control currency's value at will

Secrets of the Dollar

Time7: 9'52"

Dollaris the most complex, intelligent, intricate, mysterious and beautiful ofcurrencies. It is the perfect representation of Art and Science

1, you can find out that 9/11 territory attacks on a folded 20dollar bill

2, the hidden 13 in the dollar means an warning that betrayal couldhappen at any time

The Rest

3, in one dollar bill, you can find a spider and wen on right upcorner; skull? It's up to you

4, also in one dollar bill, there is no doubt that a Hindu God Shivais printed

5, you can see the shape of a Maltese cross at the top left hand corner at the patternbehind the letters "One"

sherlock1992

Thx, AJ.     By SH                 

---

<Gold Standard has died out. But the ghost is still lingering in some people's mind.>
Speaking:
episode1:
we are entering an era of financial crisis. In fact, the wealth has never gone, it just be tranferred. In this bg, what you should do is to learn some lessons from NY, where sub-loan crisis happens. Meanwhile, learn more thing about money. Only in this way can we really change crises and find more opportunities.
episode2:
1.Egypt: start using golden & silver roughly 5,000 years ago.
2.currency vs. money
>currency: medium of exchange, a unit of account, portable, durable, divisible, fungible (interchangeable).
>money: currency+store of value.
3.Fiat money is based on confidence.
In history, no fiat currency can survive.
4.Money must be a store of value, like gold & silver because we can't print gold.
QE-->print too much currencies, so currency is not a tool to store value.

Speed:
T2-1'44''            A: the valuable resources fulfill the funtion of money.
T3-1'34''            A: FM
T4-1'53''            A: skyrocketing inflation
T5-1'44''            A: the only acception of checks laced with identifying traces of radioactive C-14
T6-1'25''            A: high leverage

Obstacle-6'48''
secrets of the Dollar
1.through folds of the Dollar we can get the picture of scenes of P & NYWTC in 9/11, 2001.
2.there are many hints of number 13 in the Dollar, which relates to two org. - TKT & KH. And KT has a deep influence on new colonists and this influence is reflected in the Dollar.

捉妖

楼上de楼上把沙发板凳地板都占了..

Speaker
1: enduations on finacila world is the most valuable investigation
2:the true wealth we have is the time and freedom.
   wealth will not be destroyed but transfered.
   the further you can see in the past is how further you can see in the furture.
   the money started first in Egypt, people exchanged  things with gold.
   the currency vs. money:
   money has all the attributes of currency, what's more, money has its own value.
   why gold can be used as currency, cause it is portable, divisible(can make change with it), fungible(the same amount of gold is equavalent wherever it is) and etc.
   the purchasing power goverment can not print . over the past 5000 years, only gold and silver means the purchasing power.

  fiat currency: based on confidence, printed by goverment, has no intrinsic value.
                       那个600种货币什么意思没懂？
  what is gold：comes from explosion
  inflation & deflation： currencies going down，prices going up, the value of things people buy are not changed
  quantity easing?: every country in the plannet doing lot of bills and no example show what things will happen
   US export their inflation to other countries with the benefits of the outside goods, but one day the money will come back to US like a flood.
   so sad at the last few minutes...should I bug some golds?

3:

Speed:
Time2【326】3'16
  the functions of money and the types of money
  commodity money: 这是政治课说的商品价值么？
Time3【280】2'20
  the other three types of money..can't follow the meaning TT
The Rest【93】0'37
   the interesting stories about money, China is  the first one to have paper money.
Time4【252】被打断未计时
   the events of money, bank and loan in different areas.
Time5【265】被打断未计时
   the evolution of paper money and credit card
Time6【262】2'20
   the forex market: investors use leverage to earn money, the market is stable currently and is such a big market that the largers buyers can not change the prices at will.

叶晴豆

小黄人来支持小黑孩~
1:58  commodity
1:49  Fiduciary Money
1:43  skyrocketing inflation caused by churning out so much money
1:52  identifying traces of radioactive carbon-14.
【Shepherd-Barron claimed users “would have to eat 136,000 checks” for the radioactivity to have any dangerous effects. 】这一句没明白，啥意思？
1:53  make high leverage an industry standard  
Obstacle 8:17
secrets only appear in the Dollar currency--dollar: perfect representation of Art and Science
20 Dollar Bill--- fold---image---very similar to the doom photographs of two skyscraper
13 is so important---two organizations---On Friday the "13th" of October 1307---persecution of the Knights ---reasons uncertain---similaritie between two organizations
During 1720 to 1776 :desire for independence --- stronger
a theory: people move to new world to live safe--- are influential descedants of Freemasons and the Knights Templar
The number 13---warning the futrue generations--betrayal
currency designed today still include this mystery

小鱼上树

谢谢ACE

27-04

Speaker

Wealth will not disappear. It will only transfer from oneside to another. In other word, someone lose money in the crisis, someone gainon the other side. The only thing we can do is educate ourselves. Learn howmoney works, how the global economy works, how the bankers can cheat us. Themore we know about money, the bigger chances we have to make money.

Pretty exciting, thanks Ace

2 362 1min40

3 280 1min13

4 252 2min03

5 265 1min55

5,000 years, to a time when Egyptians started paying taxes, theinvention of money also made theft a lot easier. More theves make a place abank. Two-thirds of that cash is held overseas. The paper used for U.S. billsisn’t made from trees. Rather, it contains 75 percent cotton and 25 percentlinen.

6 262 1min15

Dora7

二环也要占~~
-----------------------------------------------------------
TIME2：2'22''94
medium of exchange,introduce 5 main functions of money
and different times different types
commodity money :simplest but limited by scarcity of resource;sereval types
A:intrinsic value

TIME3：2'13''21
Fiat Money:no intrinsic value .determined by gov and legal.basis .and real value is determined by demand and supple\y
fiduciary money:based on promise
commercial bank money:flexible in time
A:Commercial Bank Money

TIME4+TIME5：4'12''09

TIME6:1'57''88
introduce FX,domain in many section---＞due to the emergence of internet,make deal online possible
the change of daily currency is small,least volatile
high leverage ---＞gain more and attract more traders

OBSATCLE:8‘43’‘21
1、1928发行的20美元纸币折了后出现了五角大楼和second doomed tower 被袭的image。白宫会是第三个目标吗？哇塞~~涨姿势
2、secret of 13....好长~
3、like a spider.owl .web or skull(u decide )appear on the one bill dollar
4、

疏离无罪

占~~~~瞬间二环了，小伙伴们抢座位的速度越来越麻利了 感谢ACEJ

Speaker:the true wealth of people is their time and freedom.Money is just trading tool.The best investment is to educate yourself in history of money and finance and how financial world works.The further you look the past,the further you look the future.Big  crisis means big opportunity.
Currency:medium of exchange,a unit of account,portable.durable,divisible,gungible.
Money:currency + store of value for a long period of time.limited and stable
No currency surivivd or will survive in the past or future.The defination of inflation and QE.QE is just print money and creat inflation.But the government doen's care where the inflation goes,as long as it isn't in the USA.People who produce true fortune save currency,,but currency is just paper.It will not exist in inflation.
这些观点和货币战争的基本一致嘛。黄金白银始终是实质上的财富，这一本质银行家们一直希望掩盖。

01:24
Money is the medium of exchange in our society.The function of money and the 4 major forms of money.
A:valuable resources fulfill the functions of money

01:05
Other three kinds of money:Fiat Money ，Fiduciary Money，Commercial Bank Money
A:Commercial Bank Money

01:31
10 things about money
A:  Due to skyrocketing inflation caused by churning out so much money

01:30
10 other things about money
A:By identifying  traces of radioactive carbon-14.

01:39
The internet makes it for average investors to attent the foreign exchange market.Because of the small movement in the change of value of the currency,investors try to rely on high and risky leverage.This also suprs the markets to grow.
A：rely on the availability of enormous leverage

06:45
Main Idea:5 secrets of the US Dollar
1Some symbols showed in the 20 dollar bill may reveals some preidcations of the 911 attacks
2 Many hidden 13 in the dollars.And where they come from and who created them
ORZ 这些跟外国历史有关的一点都不懂，得好好补补课了。。还是对中国历史有爱。