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Part 1 : Laying The Foundation - Money & Cryptocurrency 21
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Lecture1.1
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Lecture1.2
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Quiz1.1
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Lecture1.3
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Lecture1.4
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Lecture1.5
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Lecture1.6
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Lecture1.7
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Quiz1.2
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Lecture1.8
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Lecture1.9
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Lecture1.10
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Lecture1.11
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Lecture1.12
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Quiz1.3
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Lecture1.13
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Lecture1.14
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Lecture1.15
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Lecture1.16
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Lecture1.17
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Quiz1.4
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Part 2 : Cryptocurrency Categorization 11
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Lecture2.1
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Lecture2.2
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Lecture2.3
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Lecture2.4
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Lecture2.5
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Lecture2.6
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Lecture2.7
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Lecture2.8
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Lecture2.9
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Lecture2.10
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Lecture2.11
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Become a Crypto Analyst - Mastering Tokenomics 16
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Lecture3.1
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Lecture3.2
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Lecture3.3
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Lecture3.4
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Lecture3.5
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Lecture3.6
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Lecture3.7
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Lecture3.8
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Lecture3.9
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Lecture3.10
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Lecture3.11
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Lecture3.12
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Lecture3.13
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Lecture3.14
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Lecture3.15
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Lecture3.16
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Part 3 : Buying and Storing Cryptocurrency 18
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Lecture4.1
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Lecture4.2
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Lecture4.3
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Lecture4.4
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Lecture4.5
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Lecture4.6
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Lecture4.7
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Lecture4.8
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Lecture4.9
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Lecture4.10
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Lecture4.11
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Lecture4.12
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Lecture4.13
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Lecture4.14
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Lecture4.15
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Lecture4.16
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Lecture4.17
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Lecture4.18
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Part 4 : DEFI - Decentralized Finance 10
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Lecture5.1
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Lecture5.2
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Lecture5.3
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Lecture5.4
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Lecture5.5
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Lecture5.6
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Lecture5.7
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Lecture5.8
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Lecture5.9
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Lecture5.10
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Creating Wealth Through DEFI 7
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Lecture6.1
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Lecture6.2
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Lecture6.3
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Lecture6.4
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Lecture6.5
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Lecture6.6
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Lecture6.7
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Part 5 : Building Wealth in Cryptocurrency : The Safer Option 3
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Lecture7.1
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Lecture7.2
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Lecture7.3
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Faster But More Risky Strategy to Building Great Wealth In Cryptocurrency 8
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Lecture8.1
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Lecture8.2
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Lecture8.3
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Lecture8.4
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Lecture8.5
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Lecture8.6
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Lecture8.7
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Lecture8.8
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Part 6 NFT - The New Frontier for Creators and Collectors 8
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Lecture9.1
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Lecture9.2
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Lecture9.3
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Lecture9.4
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Lecture9.5
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Lecture9.6
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Lecture9.7
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Lecture9.8
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Part 7: Cryptocurrency Trading 10
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Lecture10.1
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Lecture10.2
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Lecture10.3
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Lecture10.4
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Lecture10.5
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Lecture10.6
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Lecture10.7
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Lecture10.8
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Lecture10.9
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Lecture10.10
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18 Comments
The US Government wanted to take monopoly of the gold reserve in the whole world, thus making them powerful and wealthy to be a super-power. This was to enable them( their currency dollars) displace the British( pounds ) as the world’s leading reserve, as the British couldnt help but to borrow from the US with their accumulated gold reserve.
With this achievement, the US quickly linked the gold to their currency.
The US government at that time wanted to control the world economy through the accumulation of the 2/3 of the world gold reserve.
It was also the US dollars that was backed up by gold while other world currencies were tied to the value of dollar.
The introduction of fiat money by various countries equally made paper money not to have intrinsic value as it is not backed by any physical item, but only by government policies and pronouncements through the central banks of various countries.
1. Gold has value and can never depreciate in any form or get rotten.
2. Gold was used at that time because the US government saw very far that if this is done, they may become the most powerful on the surface of the earth which they achieved
3. the achieve that by allowing all other nations currency to be tied to their own currency because they knew that if they have almost all the nations gold gold soon, they will be lending out and you know that the holy book said that ‘the rich rule over the poor, and the borrower is a slave to the lender’.
that is my little idea that made the US government did what they did. thank you sir
Simply put…they wanted to be world power in everything. He who controls the world economy dictates the world destiny. Perfectly planned and plotted out…hmm.
1,The U S government know that acquiring gold is more valuable than fiat money
2, After the war other countries will be in need of gold thereby making U.S to be world respected country, because of the treasure they have
3, Gold bar also serve as raw material which can be use to manufacture other finish goods
The US government understands that each country can print his own FIAT money but GOLD is not easily available. Hence the need to keep their reserve in gold which is more valuable than FIAT money.
Excellent! Most currencies were pegged to gold at that time, but the expenses of war will force countries like Great Britain to print more fiat and inflate their money supply. So USA wanted a tangible commodity, not fiat. A masterstroke, that delivered world power to them after the war. Lesson: Tangible commodity or immutable asset, is a better store of wealth. I will rather store my wealth in crypto, commodities and real estate, rather than our worthless fiat.
Because gold was the Universal currency at that time just like the dollar now.
It’s simply because they went to control the world power.
Since Gold is not subjected to inflation as fiat, the USA saw it wise to accumulate Gold in place of fiat which can easily depreciate over time.
Because gold does not decrease in value and always appreciate in value in the expense of fiat money
Since most currencies were pegged to Gold as at that time, the US Government coming up top after the war, they took advantage sweeping the world Gold reserve by giving out what he has (Weapons) and accumulating Gold that will further keep him as the world super power, life is about making use of opportunities. A man defined the word POOR as (Passing Over Opportunities Repeatedly).
They saw the opportunity to become world super Economy and they took it. i think that is what we are doing here today by taking this program.
USA prefer Gold to currency because Gold at that time is more valuable than paper money.
To protect the credibility of their currencies
Good appreciate in value on like the flat money
Gold was a treasure, a commodity that has the highest value and anyone having it controls the market and power.
So, US wanted to be the controller of economy.
US government collected payment for their weapons in gold rather than US dollar because they know gold is a better store of value than paper money which is very prone to inflation.
It is because,gold was the most valuable commodity and best medium of exchange that didn’t easily lose it’s value .
So by gaining more gold than other countries,it made the US government to become more valuable than other countries, therefore,it gained more power to control other nations ,since it’s money was backed up by gold .Other nations ,had no enough gold to back up their money so their money lost it’s value to the USD.