In this video we talk about how currencies have been devalued in the past 300 years and what a retiree may want to consider based on history.

For the past few videos we are learning how money is stored, assigned value, and then distributed by those in power.

We are currently reading from Mr. Ray Dalio's book, Principles for Navigating the Changing World Order.

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- Clay

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Sources:

Wikipedia Article on Kula Ring:
https://en.wikipedia.org/wiki/Kula_ring

Wikipedia Article on Spheres of Exchange:
https://en.wikipedia.org/wiki/Spheres...

Charts from the Book:
https://www.economicprinciples.org/Da...

0:00 - 2:10 Devaluation of Currencies
2:10 - 4:03 Economic Anthropology
4:03 - 7:12 Participant Observation During Anthropology
7:12 - 8:57 Leveling Mechanisms
8:57 - 9:42 Modes of Exchange
9:42 - 11:10 Prior Changes in the World Order
11:10 - 13:02 Cycles of Wealth
13:02 - 15:03 Modes of Wealth Distribution
15:03 - 18:10 Spheres of Exchange
18:10 - 20:45 Kula Ring Value of Exchange
21:08 - 24:20 The Devaluation of Cash Assets
24:20 - 25:40 The Changing World Order
25:40 - 27:16 Reserve Currencies vs Gold
27:16 - 28:35 Fixed Total Return vs Gold
28:35 - 29:04 Devaluations are Abrupt
29:04 - 30:17 Holding Cash from 1850 - 1913
30:17 - 32:07 Spot FX vs Gold
32:07 - 34:08 Monetizing War Debts
34:08 - 35:20 Bretton Woods
35:20 - 38:47 Holding Gold Since 1850
38:47 - 39:59 Holding Cash is High Risk

#goldira #economics #nationaldebt