{"id":3336,"date":"2023-07-15T07:34:04","date_gmt":"2023-07-15T11:34:04","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/how-does-money-work-grasping-the-basics-with-experts-at-mindvalley\/"},"modified":"2023-07-15T07:34:04","modified_gmt":"2023-07-15T11:34:04","slug":"how-does-money-work-grasping-the-basics-with-experts-at-mindvalley","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/how-does-money-work-grasping-the-basics-with-experts-at-mindvalley\/","title":{"rendered":"How Does Money Work? Grasping the Basics With Experts at Mindvalley"},"content":{"rendered":"

\"Profit<\/a>
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We use it. We crave it. And we chase it.\u00a0<\/p>\n

\u201cIt\u201d being that paper in our wallets, of course. And those digits on our bank statements. And let\u2019s not forget, in today\u2019s virtual world, cryptocurrency.<\/p>\n

But as novelist Thomas Pynchon once wrote, \u201cMoney, it turned out, was exactly like sex. You thought of nothing else if you didn\u2019t have it and thought of other things if you did<\/em>.\u201d\u00a0<\/p>\n

Here\u2019s the thing, though: How does money work?\u00a0<\/p>\n

It\u2019s a complex yet fascinating subject that can make even the savviest among us scratch our heads. So with the help of Robert Breedlove, an ex-hedge fund manager and host of The \u201cWhat Is Money?\u201d Show<\/a>, it\u2019s time to delve into the labyrinth of monetary systems.<\/p>\n

In a sit-down with Vishen, the founder and CEO of Mindvalley, Robert sheds light on everything from Bitcoin and central banking to our intrinsic relationship with money itself. And learning how money works is the first step to transforming your relationship with the all-mighty dollar.<\/p>\n

As a Mindvalley Member, you can listen to the whole interview<\/em>, <\/strong>The Fundamentals of Money With Robert Breedlove<\/strong><\/a>, on the Mindvalley App<\/em>.\u00a0<\/strong><\/p>\n

How Does Money Work?<\/h2>\n

Money, moolah, cash, dough, greenbacks\u2014call it what you will, but this ubiquitous entity has been a cornerstone of human civilization for eons. Throughout history, monetary systems have constantly evolved, adapting to societal needs and technological advancements.\u00a0<\/p>\n

Back in the day, bartering was the name of the game. Got a chicken but need a goat? No problem; find someone with a surplus of goats and an appetite for poultry, and\u2014voila!<\/em>\u2014you\u2019ve got yourself a deal.<\/p>\n

Then came the shiny yellow nuggets, a.k.a., gold. With its durability, divisibility, and relative scarcity, this form of currency became the ideal candidate for a universal medium of exchange. (And let\u2019s be honest: it\u2019s also a whole lot easier to carry around a pouch of gold coins than a herd of goats.)<\/p>\n

Fast forward to the modern era, where gold has been sidelined in favor of fiat currencies\u2014money that holds value because a government says it does. It\u2019s like saying, \u201cTrust us, this piece of paper is totally worth a hundred goats!<\/em>\u201d<\/p>\n

What is money?<\/h3>\n

Based on an article<\/a> by the International Monetary Fund, money can essentially be\u2026<\/p>\n