Name: Money vs Currency
Uploaded: 2015-09-16T05:57:37.000Z
Duration: 4 min 17 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

Like sometimes I do gigs and I try to work   out how much money I'm making on the gig.

I'm like "OK, it costs me about three   dollars a kilometer to drive my car...

...I drove twenty kilometers to get here...

and whenever I say that people always go of course money's real Michael

No, that’s currency. Money and Currency are two different things

If money was beer currency would be the glass it comes in

We have currency so when you go to the bank you can get your money out in the form of notes

...we have glasses so when you order a beer...

...they don’t just spray it in your face

This guy's like "Oh, actually that sounds delicious!

In the olden days it used to represent gold

Like a ten dollar note was worth ten dollars of gold

But now that note just represents ten dollars of the IDEA of money.

That’s like playing musical chairs but instead of having chairs…

…you’ve just got the CONCEPT of chairs…

And people go “Oh Michael, It’s not a problem

Because we all believe the notes have value you can use them to buy goods and services.

They're like "Yeah, we just made it up...

...we just thought it’d make you behave…”

But the idea is money has values cos the government says it has value.

Now when the government makes a note and says it’s money...

The government makes a notes and goes “This is money!”.

Kinda like how McDonalds makes nuggets and goes:

People there going “I don't think that's chicken…”

They're like “Yes it is… that’s fiat Chicken.”

They’ve got rid of gold and silver, now it’s just faith and hope and trust…

And realising they’ve replaced all the life jackets...

Like, shouldn’t it be something tangible?

Something real? Maybe gold's a good idea.

It's always been valuable... we have that expression:

...as good as an abstract concept of value!”

We could be on the edge of a massive monetary collapse

All our notes and coins could suddenly become worthless.

But if that did happen I would look like a genius...

Cos I've been getting paid in sandwiches.

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