Facts about Money, Cash, Credit & more
The web is teeming with information on finance and money management strategies, yet it's the quirky, fun facts about money and the principles behind saving and spending that truly resonate. The real magic lies in finding out cool and interesting facts about money, brought to life through the shared knowledge of a community. Deepstash offers a compilation of finance fun facts, insights, and trivia on money, gathered from the collective experiences of individuals who have read through books, articles, podcasts or articles on financial planning, budgeting, and saving. Here, you'll discover not just random facts about money but genuine nuggets of wisdom that have proven their worth in real-world financial management across various life phases.
Discover 5,000+ Money Facts & Financial Insights from Curated Sources
Immerse yourself in a groundbreaking way to learn about money through Deepstash's innovative microlearning platform, specializing in the fun and fascinating aspects of finance. Explore quick reads and flashcard-like snippets that distill the essence of financial wisdom, from budgeting and saving tips to investing secrets and beyond, captured in "articles" and "journeys." These compact insights serve as a vast reservoir of finance facts for beginners, students, millennials, and anyone eager to boost their financial IQ.
Uncover Simplified Finance Facts with Our Flashcard-Like Insights!
Core idea curated from:
The Federal Reserve Act's stated the following purposes:
The Act also decreed that at least 35% of the Fed's assets must be held in gold.
183
Core idea curated from:
An economic indicator is simply any economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is doing and how well the economy is going to do in the future.
Investors use all the information at their disposal to make decisions. If a set of economic indicators suggest that the economy is going to do better or worse in the future than they had previously expected, they may decide to change their investing strategy.
47
Core idea curated from:
In the middle of the 2008 banking crisis, a group of anarchists, libertarians, and other tech-savvy true believers created digital cash.
In August 2008, bitcoin dot org was registered as a domain. On Halloween the same year, Satoshi Nakamoto put up a whitepaper describing a decentralised system of electronic transactions that did not involve a financial institution.
71
Core idea curated from:
Fiat money is a government-issued currency that is not backed by a commodity such as gold. Most paper notes started as being backed by a reserve of valuable commodities, usually gold (the "Gold Standard"). Tying a currency to gold limits inflation and money supply.
But politicians hate the gold standard, so since Nixon's presidency, the US dollar was no longer tied to gold and money had value just because the government says so.
48
Core idea curated from:
Prior to the existance of Layered Money there was simply money.
Money is a tool which allows peers the exchange of goods within a consensus value.
179
Core idea curated from:
96
Core idea curated from:
Saving money is the gap between your ego and your income, and wealth is what you don't see. So Wealth is created by suppressing what you could buy today in order to more stuff or more options in the future.
325
Core idea curated from:
The most important emotions in relation to money are fear, guilt, shame, and envy.
124
Core idea curated from:
"Today, our financial system is broken. It works, but the fractures within make it prone to ruptures. It almost collapsed in 2008 and again in 2020. The Federal Reserve has done its job as lender of last resort in each circumstance and kept the financial system alive, but everybody now understands the Fed is the world's only true source of liquidity, and without its support the system couldn't stand on its own."
182
Core idea curated from:
Gold & Silver Coins were a huge implementation for humanity growth & evolution. Unfortunately they had some cons:
178
Core idea curated from:
It is a completely revolutionary form of money which is characterized by being:
Bitcoin officially refers to two things:
Bitcoin uses the Secure Hash Algorithm 256 (SHA256) as security mechanism.
183
Core idea curated from:
It was created back in 1609 and thanks to the world's first joint-stock company, the Dutch East India Company (Vereenigde Oostindische Compagnie, or VOC).
The VOC was the first example of equity investors providing capital in exchange for a share of ownership in the form of a paper certificate.
As the shares increased in value, original investors wanted to realize gains by selling them for cash to new investors, and that is how the first stock market was born.
All cashiers were forced to surrender precious metal to the Bank of Amsterdam and were issued BoA deposits in return.
187
Core idea curated from:
Around 700 A.D during the Tang Dynasty in China there were already some forms of paper money like bills and credit notes. The Government realised that it was far more convenient to use credit notes to conduct transactions instead of carrying a whole load of coins.
459
Core idea curated from:
Shortly after an earthquake in 1906 rocked San Francisco, the US immersed into a financial crisis.
Congress passed into law the Federal Reserve System on Decemeber 23, 1913.
The Fed was founded to combat financial crises, and it would do this with a second-layer money called reserves.
Wholesale money (Fed reserves) is money that banks use, and retail money (Fed notes) is money that people use.
181
Core idea curated from:
Smith believed a nation needed three elements to bring about universal prosperity.
20
Core idea curated from:
Frank Macnamara had an idea, to create a card that allowed you to dine in restaurants and the Diners Club would pay your bill and you would pay them later.
The card was originally intended for a very small and exclusive group of 200 people belonging to the club, but the idea caught on fire and in less than a year there were more than 20.000 cardholders and you could use them pretty much everywhere.
457
Core idea curated from:
Robert Greer says that there are three asset superclasses:
67
Core idea curated from:
Chasing money is in a way proof that one hasn’t found the real reason for being alive. We haven’t identified a passion that could replace the concept of earning a livelihood from our minds. Wealth is tied to prestige, respect and social status and the thought of becoming untethered from our ‘network’ is a thought akin to dying.
If we focus our lives on what matters to us authentically, then we will fall out of this romance with dollar bills, and get into our passions, which require little or no money.
36
Core idea curated from:
Bitcoin highlights how fundamentally bizarre money is. Money is a value token that makes exchange easier. It isn't real in a tangible way. But it's real enough that people fight and die for it.
Bitcoin's ideology is that of a specific distrust of financial institutions. In 2009, many people were looking for alternatives to the mainstream financial system that had disastrously failed. Bitcoin was the first successful attempt for an alternative financial system.
65
Core idea curated from:
2.48K
Core idea curated from:
This method suggests that you allocate 70 percent of your income to expenses, 20 percent to savings, and the remaining 10 percent to debt.
70:20:10 may work for someone with a healthy emergency fund and minimal debt.
2.61K
Core idea curated from:
Let's see different forms of money used historicaly:
And then...
GOLD & SILVER appeared.
184
Core idea curated from:
The Bank of England was created in 1694 with the purpose to purchase new government bonds in an effort to rebuild the country after a crushing defeat of the English navy.
It was tasked with taking custody of precious metal, issuing deposits, effecting transfers between depositors, and circulating notes as cash.
The Bank of England and the Private Sector (private banks/non-government entities) created the third-layer of money.
This third-layer money was issued by Private Sector and its value relied on both BoE Deposits and BoE Notes. Private Sector issued:
177
Core idea curated from:
Budgeting is simply balancing your expenses with your income.
It's a plan for the coordination of resources and expenditures. When you budget your money, there’s a desired outcome. And being able to track your spending should ultimately move you in the right direction towards meeting your financial goals.
2.19K
Core idea curated from:
In 1971, the United States suspended gold convertability for the dollar; the suspension was supposed to be temporary, but the dollar never returned to any linkage with the commodity.
Two years later, the modern era of free-floating currencies began, officially ending the Bretton Woods agreement.
Gold transitioned to the informal role of neutral money, still held today by governments and central banks around the world as first-layer, counterparty-free money.
174
Core idea curated from:
BTC is digital gold. It's a form of money. People trust BTC because they believe it to be rare and valuable. It has a price in hundreds of different currencies. It doesn't originate from the balance sheet of a financial institution, just like gold doesn't.
BTC is digital land. There are only 57 million square miles of land on Earth. Similarly, there will only be 21 million BTC. This digital land is divisible into the tiniest of parcels.
Bitcoin works similarly to email. Email addresses can be shared with anybody, but only the password holder can access received messages.
184
Core idea curated from:
Money whose supply is hard to increase is known as hard money (sound), while easy money is money whose supply is amenable to large increases (unsound).
101
Core idea curated from:
Time preference for money is an individual's preference for possession of a given amount of money now, rather than the same amount at some future time. The time preference for money is generally expressed by an interest rate. This rate will be positive even in the absence of any risk. The natural implication of this process is to reduce savings and increase borrowing.
Individuals will consume more of their income and borrow more against the future. This will not just have implications on their time preference in financial decisions; it will likely reflect on everything in their lives.
96
Core idea curated from:
How did it work? It was pretty simple: people just swapped things. It worked fine, except if you didn’t have something your neighbor needed. Once people figured out you could exchange universally valued objects for goods, everything changed.
From there, we’ve gone from all kinds of currency to valuable metals, and now paper printed by governments. But since we ditched the “gold standard” of money and started relying only on easily manipulated paper money, we’ve seen a century of boom and bust and increasing debt.
100
Core idea curated from:
Banks loan money they don't have. Most hold a limited reserve to serve the few who decide to make redraws. When the majority decides to liquidate their bank accounts we have what is called a bank run.
In order to protect the banks, central banks were created to provide a guaranteed reserve for commercial banks. But once the government stepped in to protect the banks the fractional reserve mandates(only a fraction of deposits are backed by actual cash) began to be used to make up the money from thin air. Every dollar that a bank holds can be multiplied by at least 10x.
37
Core idea curated from:
The creator of the first bank issued card was Mr. John Biggins of the Flatbush National Bank of Brooklyn in New York around 1946.
Biggins created the “Charge-It” program. Merchants could send sales slips into the bank after a customer used the card with them and the bank would then go and bill the customer back.
454
Core idea curated from:
Financial Intelligence is awareness. Knowing the basics before trying to control them. Do you know what’s your Net Worth? Do you know what’s your Cash Flow? Your Incomes? Your detailed Spending? Do you know what are the interest rates of your liabilities? Do you know your actual hourly wage?
It seems it’s the simplest step one can do, but actually, very few financially-in-trouble people do it. It takes willpower and/or desperation to make the first step. It also requires some knowledge.
60
Core idea curated from:
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronicaly, but they lend it out in waves of credit bubbles with barely a fraction in reserve."
177
Core idea curated from:
This becomes a problem when you’re spending for a life you can’t afford. It puts pressure on your budget and encourages you to live in a paycheck to paycheck cycle.
Assess your financial situation, cut back on your expenses, prioritize your money goals, and then come up with a new spending plan.
319
Core idea curated from:
Recessions are part of the fabric of a dynamic economy. The average investor fears recessions because they mean lower home prices, lower stock prices, and less or no work.
Several things can cause, or worsen, a recession — soaring interest rates, or ill-conceived legislation. If you understand recessions, you will have many opportunities to look forward to when the recession ends.
140
Core idea curated from:
Historically, the best time to buy stocks is when the NBER announces the start of a recession.
The NBER takes at least six months to determine if a recession has started. The average post-WWII recession lasts 11.1 months. By the time the bureau announces a recession, it is nearly over. Often investors are quicker to spot the beginning of recovery long before the NBER does.
156
Core idea curated from:
“This is a historical lesson of immense significance and should be kept in mind by anyone who thinks his refusal of Bitcoin means he doesn't have to deal with it. History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.”
104
Core idea curated from:
Around 600 B.C King Alyattes minted what would become the first official currency ever recorded.
Each coin was made from electrum alloy which is a mixture of silver and gold.
A very fun thing that we never managed to understand is, why lions were sculpted or depicted with two possible faces:
463
Core idea curated from:
The turn toward financial statistics means that instead of considering how economic developments could meet our needs, it instead is to determine whether individuals are meeting the demand of the economy.
Until the 1850s, social measurement in 19th-century America was a collection of social indicators known as "moral statistics," which focused on the physical, social, spiritual, and mental conditions of the people. Human beings were at the center, not dollars and cents.
207
Core idea curated from:
"Bitcoin-backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.
I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash."
175
Core idea curated from:
Freedom here stands for freedom from selling your time for money. You no longer need it. You’ll rely on your passive incomes robustness, like betting on average market returns of 7% per year (inflation adjusted) on the long run or a combination of good tenants, rent/house appreciations and low vacation rate for your rental properties.
55
Core idea curated from:
Initialy, gold and silver coins were issued as a first-layer form of money. Which means that coins where backed by its own value depending of the purity of gold/silver contained.
First records of coins usage trace back to around 700 BC in Lydia, modern-day Turkey.
Over the years, each region minted their own coins, which varied in gold/silver purity.
180
Core idea curated from:
Budget for the life you have. When you’re going through your budget and assigning spending categories, be realistic.
Don’t tell yourself you’ll never buy a single discretionary item, because you’re setting yourself up for failure. Give yourself some breathing room.
355
Core idea curated from:
Modern life is filled with the never-ending anxiety of making money. Our approach right from the school days is to earn money and accumulate the things required in society.
It is a powerful cultural force that makes us accumulate stuff, and is not as practical as it is emotionally and psychologically significant. A failure to make money is considered irresponsible, and a poor person who is not earning is shunned in today’s society.
31
Core idea curated from:
History shows us plenty of examples of people pursuing goals that are not towards earning wealth.
The Roman statesman Lucius Quinctius Cincinnatus had a successful public career but made no money, even though he came from an impoverished family. There are many such examples from India, where learned and creative individuals chose to live an impoverished life.
29
Core idea curated from:
Countries currencies used to be backed by gold long ago, nowadays they’re only backed by governmental policy so we could agree that:
474
Core idea curated from:
518
Core idea curated from:
In the 1990’s there were 2 different businesses known as confinity.com and x.com, both were diving into the online banking world separately through several innovative ideas.
At some point both companies decided to merge and gave birth to Paypal, the online payments giant.
Fun fact: Elon Musk the founder of Tesla was the owner of x.com, as you can see, he’s always working on some great thing.
460
Core idea curated from:
In case you’re not familiar, this is the timeline of history we’ll be using.
It can get a little confusing because everyone is writing different timelines, using different codes and letters, so we want to keep a simple standard for our article.
462
Core idea curated from:
The best thing to do with your money during a recession is to pay off your credit card debt.
Paying off a credit card that charges 18% interest is equivalent to getting an 18% return on investment. You may not get that from most other investments during a recession.
142
Core idea curated from:
581
Core idea curated from:
Money is a WIDELY ACCEPTED medium of EXCHANGE. Lets analyse each word, they really have a huge importance:
512
Core idea curated from:
We can measure the supply of money that exists in the market with main metrics:
As the chart shows the US (and all other countries with central banks) have most of the monetary mass made up. An influx of money causes inflation and this is exactly what during the last decades.
41
Core idea curated from:
The reason money is valuable is because we all have FAITH in it, and this faith is operating in present and future times.
Think about it, the reason we believe in money is because we know that if we save some amount of it, we can use it in the future to buy something as this money will still have value, right?
477
Core idea curated from:
At any given point in your life, you will have at least two of those currencies, and whatever it is you are missing. Use the those two to acquire it.
19
Core idea curated from:
Paper money arrived in Europe thanks to the travels of the great explorer Marco Polo around the year 1200 A.D.
It was not until the year 1661 that the first Banknote was issued in Sweden.
460
Core idea curated from:
Bartering is the act of exchanging goods or services without using money, so an example would be: give me 2 arrows and I’ll give you a cow.
Despite the fact that a lot of sources claim that Barter was the first way in which we conducted economical transactions, there is no clear evidence that this was the case and let’s analyse why:
459
Core idea curated from:
The lack of market mechanisms frustrates government planning. This is also known as the economic calculation problem.
When people and businesses make their own decisions based on their willingness to pay money for a good or service, the information is captured. In turn, resources are automatically allocated toward the most valued ends.
Governments' interference causes unwanted shortages and surpluses. However, the forces that guide voluntary economic activity toward the benefit of societies are the same forces that curb the effectiveness of government intervention.
19
Core idea curated from:
Bitcoin originated back in 2008, forty-six days after the fall of Lehman Brothers. Its whitepaper was sent to a very small online community called the Cryptography Maling List.
The paper was written by Satoshi Nakamoto. The creator remains unknown even now, something that strengthens Bitcoin's neutrality, as no leader exists who wields too much influence, can be coerced or blackmailed, or will try to change Bitcoin's rules.
Satoshi would send his last knwon correspondance in April 2011 and disappeared from the Internet forever.
182
Core idea curated from:
In terms of the history of money, Bitcoin is relevant because it presents the following changes:
Thanks to these features, bitcoin took the world by surprise and proposed an interesting leap forward in technology.
464
Core idea curated from:
"The steady addition of a constant amount of new coins is analogous to gold miners expending resources to add goldto circulation."
174
Core idea curated from:
Around 2009, a mysterious developer known by the Alias "Satoshi Nakamoto" created Bitcoin.
Bitcoin grew with no official employees, no marketing and no investors to become the world’s largest digital currency.
461
Core idea curated from:
Around the year 1100 B.C in certain parts of China miniature bronze replicas of goods were being used, so if you had wanted to get a sword, you would have likely needed to have a miniature bronze sword as the equivalent currency to get one.
Bear in mind that the fact that miniature replicas were being used as currency in China, that doesn’t mean that coins didn’t exist already in some places, they were just not official means of exchange yet.
460
Core idea curated from:
When you’re filled with shame the natural tendency is to avoid facing whatever is making you uncomfortable. That avoidance itself leads to additional shame and more avoidance.
135
Core idea curated from:
It's true that we have don't understand between LIABILITIES and ASSETS.
Liabilities is the thinge which take out money from you.
Asset is something which puts money in your pocket
10
Core idea curated from:
These statistics measure the amount of money in the economy as well as interest rates and include:
42
Core idea curated from:
It’s hard to stick to a budget that doesn’t have a goal.
When there isn’t one, your budget becomes an afterthought rather than a spending plan to reach your financial goals.
327
Core idea curated from:
Some people won't sleep well unless they are earning the highest returns; others will only get a good rest if they're conservatively invested. To each their own.
278
Core idea curated from:
The term "Dollar" already existed before the U.S adopted it as its official currency name. It was very common during the colonial period when referring to the Spanish Real coin.
In the year 1775 the Continental Congress of the United States authorised the issuance of Continental currency but it wasn't until the Coinage act of April 2, 1792 that an official monetary system was defined and the U.S dollar came to life as the official currency for the United States of America.
462
Core idea curated from:
One of the most interesting parts about this segment of history is that the Babylonian civilisation was already implementing some primitive economic systems where they had contracts, laws, rules of private property and debt.
It was only a matter of time until a universally defined medium of exchange came into play.
457
Core idea curated from:
The invention of Bitcoin has changed money forever and forced central banks to respond with their own iteration of cryptocurrency.
Worldwide, central banks are preparing to launch central bank digital currencies (CBDCs) as another second-layer monetary instrument originating from their balance sheets on par with reserves and paper currency.
It's uncertain how CBDCs will be constructed, how similar or different their technology will be to Bitcoin's, or the impact they'll have.
178
Core idea curated from:
"Gold is money. Everything else is credit."
197
Core idea curated from:
First of all we need to see the difference between first layer & second layer money:
The gold coin is a first layer money because it is the basis of the monetary system. If the gold coin wouldn't exist the piece of paper wouldn't neither.
182
Core idea curated from:
... because it is scarce, secure, and unique.
99
Core idea curated from:
You may also work on the earning side of the equation: once you ‘stash a year of salary you may consider working part time and take some classes or learn a new skill or start a side gig to boost your earnings. You may realize your commute takes too much time and it’s costing you a lot of life energies (opportunity cost) and living far from your office is not worth the few bucks you’re saving.
55
Core idea curated from:
59
Core idea curated from:
97
Core idea curated from:
98
Core idea curated from:
"Always and everywhere, monetary systems are hierarchical."
176
Core idea curated from:
On March 3rd 1933, President Franklin D. Roosevelt closed all the banks in the U.S.A.
Banks held large amounts of Gold which were backing all the available U.S dollars. At those times there was a fixed exchange rate between U.S dollars and Gold.
Gold standard ended officially when president Richard Nixon on August 15 1971 announced that the U.S would no longer convert dollars to gold at a fixed value, that’s how the gold standard ended.
Nowadays, fiat money is no longer dependent on gold but rather on governmental policy.
462
Core idea curated from:
1933 - President Franklin D. Roosevelt had gold confiscated and people were forced to accept paper money for their gold. The government needed people to adopt the inflated paper and they used force.
1940s - Bretton Woods Agreement created a collective international currency peg to the U.S. dollar which was in turn pegged to the price of gold.
1971 - President Nixon unilaterally cancelled the direct international convertibility of the US dollars to gold. Making the US government in charge of money supply and world money master.
39
Core idea curated from:
Financial Independence means tasting freedom. You no long have to work to maintain your lifestyle, since your money are working for you instead. Your passive incomes (like stocks appreciation, dividends, rental properties income,…) cover your living expenses and you’re free to choose what to do.
You may keep your current job, try a different career, go back to school, take entrepreneurial steps, work less, work none. You may have dreams you want to follow, people you want to take care of. It’s really up to you. You’ve got freedom.
61
Core idea curated from:
Ethereum's initial success can be attributed to a few elements. Ethereum is programable, meaning apps can run on the Ethereum blockchain. This is what let to Ethereum being used in:
31
Core idea curated from:
"A puely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial instituton."
180
Core idea curated from:
No matter how little or how much money you earn, creating a monthly budget is one of the most important aspects of managing your finances. What gets measured gets managed.
Having a budget doesn't stop you from spending money the way you want it to, but works like a partner to track your spending and allocating resources to help you reach your financial goals.
1.65K
Core idea curated from:
Frugal people do spend money, but want the maximum bang for the buck, without stressing themselves.
Frugality does not mean compromising quality, neglecting your social life, or being a cheap stake. It is about making smart spending choices, like buying second-hand clothing, avoiding pricey subscriptions or brands.
219
Core idea curated from:
In several places around the world commodity money was gaining traction, now, what do we mean by this?
Well, commodity money are objects that are valuable by themselves and are also valuable when using them as money.
456
Core idea curated from:
The key is self-awareness. Much of our emotional world is unconscious. But it’s not that hard to access if you know what to look for and have a blueprint for the kinds of emotions and family stories that can influence your personal relationship with money.
110
Core idea curated from:
220
Core idea curated from:
The Bitcoin blockchain most fundamentally describes a record of transactions simultaneously kept by all peers in the network. Blockchain can be understood as a Distributed & Public Ledger.
Bitcoin mining is the process of verifying new transactions to the Bitcoin digital currency system, as well as the process by which new bitcoin enter into circulation.
For each block successfully mined the winner of the Proof of Work problem of that block gets awarded with 6.25 BTC as an incentive to maintain the blockchain running. This BTC issuance is reduced every 210,000 blocks mined to the half.
180
Core idea curated from:
Under this method, 50 percent goes to expenses, 30 percent goes to wants, and 20 percent goes to a combination of debt and savings.
A person with a healthy amount of disposable income but loads of debt could probably benefit more from the 50:30:20 method.
2.52K
Core idea curated from:
1. Money comes gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
2. Money labours diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clings to the protection of the cautions owner who invests it under the advice of men wise in its handling.
4. Gold slips away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
31
Core idea curated from:
Financial Integrity means taking actions. Once you have a good picture of your situation, it’s usually easy to find and grab low hanging fruits. So, strategies like cutting superfluous expenses come natural and they are easily implemented.
What will happen when you start taking action is that you better define your values. You understand easily that you need to spend less than you earn if you want to get back in financial shape. To do that, you either earn more or spend less (or, better, both).
56
Core idea curated from:
You may be enjoying the freedom not having to think about next paycheck brings to your life and start saving, building an Emergency Fund. Eventually, when you have enough cash to survive a year (people recommend 3-6 months) without working, you’ll stop hoarding cash and start investing and/or paying back your debts, sending your money to work for you thanks to the immense power of compounding.
57
Core idea curated from:
Financial Freedom means removing money from the equation.
True financial freedom is when you have almost military grade security measures against unplanned events. Rock solid financial integrity with a monthly budget well beyond your most desirable spending regime at your safe withdrawal rate. Or, equivalently, a withdrawal rate of 1% or less at your current spending regime.
No economic event in the foreseeable future (excluding catastrophes, world war or a sudden depletion of earth resources) can put your plan at risk.
57
Core idea curated from:
We print money digitally. As a central bank, we have the ability to create money. And we do that by buying bonds for other government guaranteed securities. And that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve banks.
37
Core idea curated from:
Franklin Roosevelt issued Executive Order 6102 on April 5, 1933 which instructed all "gold coin, gold bullion, and certificates to be delivered to the government."
The order was effectively a forced sale of gold in exchange for Fed notes (cash) by all US citizens and eliminate the people's access to first-layer money.
In 1934 the US devaluated the dollar against gold by increasing the gold price from $20.67 to $35 per ounce.
The goal was to attract foreign demand by having the cheapest prices.
183
Core idea curated from:
In 1944, world leaders gathered at a hotel in Bretton Woods, New Hampshire and formalized that all currencies besides the dollar were forms of third-layer money within the dollar pyramid.
Federal Reserve notes still promised the bearer gold coins on demand at $35 per ounce.
Currencies would have fixed exchange rates with the dollar and wouldn't themselves be redeemeble for gold.
181
Core idea curated from:
"Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, reedemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and inlcuded in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases."
175
Daily Doses of Money Facts and More on the Deepstash App
4.8
14,500+ Reviews
App Store
4.6
92,000+ Reviews
Google Play
In Search of Effective Money Management and Financial Planning Facts?
Start thinking more about your Savings with Our Custom Collections of Finance Fun Facts
Learn more about Money & Investments with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
Learn more about Money & Investments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Learn more about Money & Investments with this collection
The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
Learn more about Money & Investments with this collection
How to make rational decisions
The role of biases in decision-making
The impact of social norms on decision-making
Start 100+ Journeys
Covering over 50 topics
Contribute to Our Collective Quest for Sharing and Learning Fascinating Money Facts & Insights!
Found some Interesting Facts about Money? Stash it and Spread the Word on Deepstash!
7 min read
As many of us have probably found out the hard way, cramming for an exam in one long and intensive study session generally doesn’t work out so well. It’s not common to be able to retain information, especially on a broad or profound topic, in one sitting. Information is better retained when it is reviewed repeatedly at different intervals.
8 min read
There are many different ways to learn, and each style or method may not suit everyone’s taste. What comes easy for some may prove difficult for others. Fortunately, there isn’t one way of learning that’s the right way for all. We each need to find what works best for us. Some learn best by diving into long study sessions, while others prefer shorter, hyper-focused learning.
10 min read
Imagine a world where education automatically adapts to your unique learning style, making every lesson engaging, effective, and perhaps even fun. Imagine how much easier it would be to retain information and understand complex topics when presented to you in a more personable way, almost as if it were designed specifically for you. This is what adaptive learning platforms and adaptive learning tools accomplish.
8 min read
How often have you whispered to yourself, "I'm going to start exercising," or "I need to find a better job?" We've all been there, whether it's a New Year's resolution or a heartfelt promise we make to ourselves. But the truth is that most of us struggle to turn these dreams into reality. Despite our best efforts, we often find ourselves falling short, needing more motivation to stay on track, and feeling lost in our quest for self-improvement.
Save unlimited ideas
Listen to ideas
Start unlimited journeys
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
ALL IDEAS
Starting a business requires careful planning, dedication, and adaptability. By following these steps, you’ll set a strong foundation for building and growing your business.
Credit cards have become an integral part of our financial lives, offering convenience and purchasing power at our fingertips. However, navigating the world of credit cards can be daunting, especially when it comes to deciphering interest rates, fees, and complex terms.
Jump-start your
reading habits
, gather yourknowledge
,remember what you read
and stay ahead of the crowd!Replace doomscrolling with 200,000+ curated ideas
Unlock 100+ tailored journeys on over 50 topics
Unlock unlimited listening to all of our ideas
Get rid of all ads
Get access to the mobile app
3M+ Installs
4.7 App Rating
TOP STASHERS
See all stashers
The more one seeks to rise into height and light, the more vigorously do ones roots struggle earthward, downward, into the dark, the deep — into evil.
Lawyer turned Artist Visionary Curator & Gallerist. Empowering self-love and joy through art & words. www.innerjoyart.com 💝 Instagram : dymphna.art
RELATED TOPICS
See all topics
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates