Millionaire Secret

It is amazing to me how much we value our money. We argue over it, fight for it, heck, wars are even started over it. We hoard and protect the little money we have because we don’t understand how to create it.

In this article I will break down the money creation process and show you how to use the process to your advantage. This is an Economics lesson you don’t want to miss.

The Goldsmiths.

Early traders used gold to pay for goods and services. After years of lugging it around and weighing it before each transaction they realized this system was very inconvenient. So, they smartened up and in the 16th Century began depositing their gold with goldsmiths who stored their gold in a vault for a fee. In return, the goldsmiths would issue the trader a paper receipt showing the amount of gold on deposit. The traders used these receipts as credit when conducting transactions with other traders in the marketplace. Hence, paper currency was born. Continue reading »

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