TKG

We take big risks with people's livelihoods when we make demand about what people should be paid. The reality is, people don't necessarily need a "living wage" to make a living.

Bob decides that the best way to eliminate poverty is by just giving everyone more money. If the government prints more currency, then everyone will be rich, right?

Bob's excited about Universal Basic Income, and thinks that it would be a great way to help people for less money than the inefficient welfare programs we already have. That could be true, but only if it completely the current system, and that's... unlikely. Find out why in this new episode of Common Sense Soapbox!

Bob thinks we should just confiscate all the wealth from all the billionaires in America to pay for government programs. But even if that were possible... would it even work?

As our journey into Spiritual Money continues, it's time we really took a long look at one of the most important questions... "How is wealth actually created?" When we understand the answer to this question, it completely changes the game for us, as we set out on a journey to create greater and greater levels of value for others in society, in a way that is (of course) in alignment with our spiritual values.

The foreign currency exchange market is one of the most influential markets in the world today, the New York stock exchange, the Nasdaq and the Tokyo stock exchange the three largest securities markets in the world have a daily trading volume of around 300 billion USD combined… the foreign exchange market has a daily trading volume of around 6.6 trillion dollars per day according to the Bank for International Settlements (which is basically the central bank for central banks). This daily figure is more than the annual GDP of all but two of the largest nations on earth, China and the USA. Well, in this video I want to explore three things: Why is the foreign exchange market so large and influential? Who actually conducts these trades and how? And while we are at it why is it that the UK pound is so valuable compared to all other currencies? --------------------------------------------------------------------------------------------- Sources & Citations - Kurt Schuler and Andrew Rosenberg, The Bretton Woods Transcripts Dominguez, K. and Frankel, J.A., 1990. Does foreign exchange intervention work?. Peterson Institute Press: All Books. Rodrik, D., 2006. The social cost of foreign exchange reserves. International Economic Journal Cavallino, P., 2019. Capital flows and foreign exchange intervention. American Economic Journal: Macroeconomics, 11 Global imbalances and destabilizing speculation (2007), UNCTAD Trade and development report 2007 RC Smith, I Walter, G DeLong – Global Banking Oxford University Press Foreign Exchange Control in China: First Edition (Asia Business Law Series Volume 4) Kluwer Law International, 2004 The $4 trillion question: what explains FX growth since the 2007 survey?, the Bank for International Settlements Music - Beethoven - Moonlight Sonata (Piano Cover)

Correction: 00:52 A market day starts at 4 p.m. Central Time and ends at 4 p.m. Central Time the following day. At Schwab, forex trading hours are 23 hours a day, opening at 5 p.m. Central Time, and closing at 4 p.m. Central Time, and closed on Saturdays. Every day, trillions of dollars are traded on the forex market, which influences other asset classes. To get a big picture of the global economy, learn more about how currencies are bought and sold on the largest financial market in the world.