Are certificates of deposit a good investment in 2019?

Depends, but generally speaking, the answer is No. It has been no in 1973, a no in 1984, a no in 1999, a no in 2013 and will be a no for the years to come. A CD or certificate of deposit is perhaps the lowest risk, lowest yield form of investment vehicle available to […]

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Where does the money for transfer payments come from?

It depends: It is either pre-funded, i.e. arrangements are made to have enough money on the other side, so that when a payment is made, the money is taken out of the available balance and paid for. The other arrangement is credit (which has a counter party risk factor higher than the pre-funded one). In both cases, […]

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Can money be wiped out just like ant society that doesn’t use money?

Can it? Yes, it is a human construct. Will it? Eventually, yes! If you look at some of the futurologists like Gene Roddenberry, the creator of Star Trek, there was no money in Gene’s future. Gold, Silver, Diamonds, all lose relevance when you have a meteorite that is for example made of gold of platinum. when humanity […]

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