What Is Money?

Today we are talking about money, what it is, how it's created and the lie that has been sold to us...

We are here to be of service to YOU!

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Lynette Zang is an economist that has been involved in the markets at some level since 1964, as a student, banker, stockbroker and precious metals and currency analyst. She has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first.

Together, Lynette, her team of experts and special guests share how to best prepare for economic uncertainty. Focus will be in the areas of Lynette’s mantra and how to be equipped in the key areas of Food, Water, Energy, Security, Wealth Preservation, Barterability, Shelter and last, but certainly not least, Community.

This channel is dedicated to supporting sound money globally and building a community that connects us worldwide. Subscribe and keep watching and you too shall have the knowledge needed to make educated choices and thrive through whatever the future holds.

[BobsButtons]

Friday my wife and I were out driving the back roads looking for a new place to move to. A sign caught our eye, land for sale by owner. We drove down a long drive way and come upon a perfect piece of property. Fifteen acres of beautiful land. Our offer was less than asked but - all in cash. No waiting, no fuss. They accepted. Six hours later with all the i's dotted and t's crossed - the land was ours. That is what cash can do.

[GeorgeKennedy-ur]

Inflation. When I got out of the US Army in 1977 I couldn't wait to walk into an $8/hr job ($16K/yr). As a single guy that was quite enough, and wound up with $9/hr to start. Here we are a whopping 47 years later and people are making 12-15 dollars an hour? It's shameful what this country did to the American worker. A "living" wage would be more like $45/hr or more, and that's for single!

[islandaerial]

In 1979 I was working for $3.00/hr + tips. I have never had it so good since...

[larrylewis]

I believe it was Lynette said in a recent video when the Fed Bank was created in 1913, the money supply DOUBLED by the time the 1920's came ROARING in !!!

[bruced]

You are right, Lynette. This should be taught in schools. I am 76 years old and it was only about 10 years ago that I found out what real money is.

[jaredroussel]

Nowww I get what you mean by nominal confusion. You've said that many of times but never really articulated what you meant. It's that idea that "Oooh, I'm making $70, 000 instead of $65, 000. I must have gotten a raise!" even if inflation has already decimated the value of it and you ended up taking a loss. I didn't know there was a phrase for it. Why I'm enjoying learning about economics so much.

[pegaseenfeu]

Lynette, you should make the distinction between "currency" and "money", like Mike Maloney does. It makes the whole difference. We need to define precisely the terms we use, because it's the way they confuse us. Cheers!

[keeping.it.simple.]

nicely said ms Zang! interesting how money isn't taught in schools. ANYWHERE!

[ld]

Bitcoin is valued in dollars! Bitcoin is air, no better than the dollar. Try "accessing" and "spending" Bitcoin when there is no Internet and/or electricity.

[rifleman]

Money is not REAL it's DEBT! Gold and Silver = REAL MONEY!!!

[reneeemigree]

Agreed completely, on the 4 Pillars of money, Lynette. But, regarding Gold, important to keep these commodities, gold, silver. Gold and silver still good to have. Real Assets. The problem though, is, if it’s not deemed as being accepted as money, regardless of its intrinsic value, it will still be a challenge to Use This Valuable Money Or Asset. If companies will never accept it as money, for purchases, it’s problematic, what good is it? We still think it has value and is wise to hold these Real Assets. But it’s not a slam dunk without issues ——

I think you’ve said that’s where community comes in, community and barter-ability. We think this part of the quotient needs re-examining, and refinement on how this will actually play out. Pt. 1

[sylviah]

Lynette, thank you for keeping us informed by sharing the daily updates. I sincerely appreciate your dissemination of knowledge and expertise to all of us. Excellent presentation!

[chriseustace]

Being a UK 79 year old and having grown up during still in operation rationing, the value of money was instilled for life and No Credit Cards to offer an easy life!

[CarlLeith]

This was taught in high school about 50 yrs ago
Probably not anymore

Credit was a sin...never used

[GeorgeKennedy-ur]

Keep it up Lynette, people are starting to catch on albeit perhaps too slowly.

[danielbbq]

In 1791 it was written,
“A depreciated currency is a blessing; that gold and silver form an unsatisfactory standard for measuring value.” as their currency was devaluating. “That the laws of political economy however applicable in other times, are not applicable to this particular period.
— Andrew Dickson White

[johnwoodhead]

It is just a observation but in the modern world money is reliant on electricity, obviously we deal mostly in electronic numbers today that obviously need electricity, but that paper money will be printed on a electrical machine and gold has to be mined and refined and that is going to require electricity

[mysunnshine]

Thank you for your time doing these videos!!

[aguedaandrade]

I truly enjoyed this video. It makes so much sense

[theoldguy]

Thanks. I hope you decide to do a debt based currency vs a backed currency. Good to explain where we are and where BRICS may go.