Money 101: The Types of Money
6
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We have to realize there are different types of money within different segments. There are three that I often point to:
- central bank money
- commercial bank money
- eurodollar system money
These are three distinct part of the global economy and money is created in ways that most do not realize.
In this video I discuss the issue with people (mostly economists) talking about theories when they do not even understand the basics of money in this era.
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