Abhinil Agarwal

A Web3 Engineer who has developed countless innovative solutions.

Abhinil Agarwal

A Web3 Engineer who has developed countless innovative solutions.

Abhinil Agarwal

A Web3 Engineer who has developed countless innovative solutions.

Feb 14, 2024

4 min read

Understanding Difference Between Currency And Money

Introduction

Your true wealth is your time and freedom

Money is just a tool for trading and acts as a container to store your economic energy unit you are ready to deploy it

BUT the whole world has been turned away from real moey, and has been fooled into using currency, a deceitful imposter that is silently stealing your two most valuable assets — Time and Freedom.

We’re entering in the greatest financial crisis the world will ever know. This will be the greatest wealth transfer in history, as wealth is never destroyed, it is merely transferred.

Opposite side of every crisis is an Opportunity. And I believe the best investment that you can make in your lifetime, is your own financial education.

Education on history of money, global economics, scams.


Currency VS Money

Fiat currency exists at the dictate or from a government.

Question: Is there an example throughout history of a fiat currency, a piece of paper that’s unbacked by anything, surviving ?

Answer: NO

US Dollar has lost more than 95% of its purchasing power, since the creation of Federal Reserve in 1913.

Read Full Story on Medium: https://medium.com/@abhinilagarwal/understanding-the-difference-between-currency-and-money-45549a2bad99

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