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Hello, Subscriber!
The U.S. Dollar is a unit of measure. The number of dollars accepted in trade for goods or services is known as the "price" in U.S. Dollars. The value, however, is a far different story. Value has to do with one's perception of what they are getting in exchange for their trade. If what they are trading isn't worth less to them than that which they acquire, then the trade isn't good and won't likely be accepted.
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We're getting to a point in history where the distinction between price and value is critical. I might value a sandwich in units in order to quote a price, but the acceptance of trade terms depends upon the perception of value.
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For instance, I can say "I'll pay you 10,000 units for your sandwich offer", but that offer may pale when you find that my price offered is in grains of sand, or kernels of rice, or coffee beans. Frankly, 10,000 coffee beans might be a rather good trade depending on the coffee. In those three examples, note your shifting perception of value depending upon the commodity units offered in exchange!
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Such has become the U.S. Dollar issued by the Federal Reserve as "Federal Reserve Notes" over the years since their inception (unlawful inception) in 1913. Many will soon look at their bank account full of units, full of numbers, to find the value in trade is diminishing; their purchasing power eroding, and eroding quickly.
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It's time to understand this problem and learn what can be done to counteract its debilitating financial effects while there is still time to do so.
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The term "fiat" means "an arbitrary order or decree". Which country's 'fiat currency' at this point in time holds trade value simply "because the government says so"?
[see end of email for the answer]
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If you find this interesting or helpful, please share it.
Here's some more worthwhile information:
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A short, easy read which gets straight to the point. That isn't easy to do for financial topics, so, a bit rare!
"...the DXY index simply measures the dollar against other major unbacked fiat currencies around the world. It is not a measure of actual purchasing power. Not in the least!" - Clint Siegner on goldseek.com [LINK]
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U.S. requiring citizens fleeing Ukraine to show proof of COVID-19 vaccination before entering Poland In other words, "do what we tell you or you're on your own". If you don't think the hour is late in defending your rights and your freedom, either you aren't paying attention or you don't have access to truthful and accurate information sources. [LINK]
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Daniela Cambone's Stansbury Research hosts G. Edward Griffin, Author of "The Creature from Jekyll Island", a review of the history and functioning of the Federal Reserve; the U.S. "Central Bank". Griffin offers perspective on our current financial culture, where it's headed, and the Fed's role in the current mess. [LINK]
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"...it is progress that should be everyone’s economic objective. But that can only be fostered by sound money, enabling economic calculation, and the state minimizing intervention. That is on no one’s agenda." Alasdair Macleod, on Goldmoney Insights [LINK]
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MoneySmart Chapter Tours
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Having more money to manage is matter of the habits you use to manage the money you have! Check out the MoneySmart online chapter tours here:
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Trading Time-for-Dollars has it's Limits!
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The number of months it would take for you to replace your job multiplied by the minimum payments of your bills each month should be the initial target value of what working portion of your household budget? [$bills]*[months] = $????.xx
[see end of email for the answer]
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A few handy financial literacy tools:
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xls: MS Ch2: Monthly Budget Expanded Tour Special
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Make your monthly budget and financial planning easier with a spreadsheet. 500 line capacity for records, 25 user-defined categories, sort by source, date, or category with one-touch buttons, and plan for long-term expenses with two figures: the total amount, and how many months until it’s due! Simple!
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$35.00 $14.00
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xls: MS Ch4-5 Multi-Income Workbook
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An easy solution for budgets based on inconsistent cash flow due to a variable work schedule or reliance on tips. Enter the data and the math is calculated automatically every month and on the annual cover sheet. If you can SEE IT, you can manage it efficiently.
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$50.00
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