If you know the exchange rates of two currencies, you can calculate the prices of goods in one country in another country’s currency. This lesson walks you through several problems in which calculations of different exchange rates allow us to determine how much goods and services in one currency will cost in terms of another.
Video Rating: / 5
Before a nation can have a sound economy, it must first have a sound monetary system. Unfortunately, in today’s world, there is not a single government that has a commodity based currency; every world currency qualifies as a fiat system. In the history of the world, every fiat currency eventually has failed. In this video, I talk about why that is the case, and how we can see this playing itself out right now in the current fiat systems.
Dollar purchasing power lost since 1913: 92%
Dollar purchasing power lost since 1971: 83% 10 oz. silver bar at spot from SD Bullion: https://sdbullion.com/sf