Money vs. Currency
Throughout my studies in school many of my fellow students, knowing that I am an Economics major, ask me my opinion on investing. For the most part I give the standard sh-peal about what markets are good to invest in, which ones are seeing growth or decline and usually that is where that line of questioning ends. However, there are a few people that want me to go into more depth about investment and saving plans. Once that happens, I know things are getting a little more serious and I then know that they actually want to know what I am telling them.
When my conversations reach that point, I usually take the time to explain the difference between money and currency. Most of the time when I start explaining that people start to think I am a little crazy in my views of the current economic state of the United States. Nevertheless, I want to see if I could find a better way of explaining what was happening in the U.S. and why certain investments may not be as viable as some people think they are. Below is a video that I think explains what I have been trying to say for years.
Enjoy!
The video below is an addendum to this post. The video is about what gives a dollar its value and I think it will shed a better light on this topic discussed here.
