How EVE Online's Massive Virtual Wars Are Financed - How Money Works | How Money Works

The "Bet On Everything" Epidemic Is Actually Worse Than You Think | How Money Works

The "Bet On Everything" Epidemic Is Actually Worse Than You ThinkFollow to learn How Money Works.Find How Money Works on YouTube: ⁠https://www.youtube.com/@HowMoneyWorks⁠Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.--- -----------The "Bet On Everything" Epidemic Is Actually Worse Than You ThinkFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. --------------- Keywords: corporate finance, housing bubble, financial planning, economy podcast, money podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Why Do Family Fortunes Disappear? - How Money Works | How Money Works

Why Do Family Fortunes Disappear? - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈John D Rockefeller was the richest American to ever live, as well as being the founding member of the three-comma club as the worlds first billionaire.At the height of his fortune a few years before his death he was worth an estimated 1 billion dollars which may not sound like much compared to today's tech bro’s, but this was back in a time where the USA’s annual GDP was only 39.1 billion dollars.This meant that his fortune was 3% of America’s GDP. Adjusted for inflation to 2020 dollars this would give ol John D here a fortune of 450 billion dollars. Or more than Elon, Bill, and Jeff combined.But where is this fortune today?Of course John himself died almost a century ago but if there was any fortune that was going to indefinitely set up future generations surely it would be this one right?The same goes for most of these historic moguls, the fortunes of everybody from carnage, to the medici have more or less faded into total obscurity, outside of maybe a few names plastered on random buildings… (buildings that they don’t even own mind you)…Now you might think you already know the answer, oh these fortunes get split up amongst children and then children’s children and then children’s children’s children until it was spread so thin amongst latter generations that it became almost totally irrelevant.But that’s not entirely true… What’s more is that the real reason for the fall of these financial empires can tell us a lot about how money works as it has been passed down through generations and history.#Wealth #Finance #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------- Keywords: economics explained, investing basics, mortgage crisis, financial literacy, financial independence Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How To Make Your Own Currency & The Companies That Already Have - How Money Works | How Money Works

How To Make Your Own Currency & The Companies That Already Have - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈With all the talk of reckless money printing, hyperinflation and debasement of currencies around the world today, it sounds reasonable to have some kind of backup plan ready to replace regular currencies should the need arise.Now of course there are crypto “currencies” and they are great as alternative investment vehicles, but their high transaction fees and slow processing times make them extremely unsuitable to replace something like the American dollar, in whatever form it may take.This is all really frustrating because a nations currency is supposed to serve the people of the nation and it does genuinely seem like in recent years this role has mutated into bending the economy to the whim of policy makers… who may not always have the best ideas.If only YOU had access to the control panel, you could stop all of this reckless money printing (that according to some top economists and financiers, is driving us towards hyperinflation Armageddon).This begs the question, how could you create your own currency? And how could an obscure old video game give us the answer to this question.So it’s time to literally learn how money works as we look into the steps an individual or a group could take to create a currency with the same functionality and recognition as a those created by governments around the world.So to get started we need to properly understand what a currency must do, to be a viable replacement for lets say the US dollar.#Currency #Hyperinflation #HowMoneyWorksMusic by Epidemic SoundFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ----- Keywords: market crash, financial news, wealth building, investment strategies, financial independence, mortgage crisis Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How EVE Online's Massive Virtual Wars Are Financed - How Money Works | How Money Works

How EVE Online's Massive Virtual Wars Are Financed - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈eve online, (a massive multiplayer online spaceship game) is probably best know for two things.Making headlines about it’s massive in game conflicts involving tens of thousands of players and it’s incredibly realistic in game financial system which can make loosing a virtual spaceship just as consequential as loosing a phone or a car in the real world.Countless magazines, and even much more successful YouTube channels have talked about these two factors individually, but where I think they get really interesting is when they merge together.For a game about spaceships set 21,000 years in the future, EVE is surprisingly realistic, and that realism extends to these massive wars in the sense that they are expensive. The in game currency called ISK has an approximate exchange rate of about $6 per billion in game isk. Although it must be mentioned that trading this in game currency directly back or forth for real life money is actually against the rules of the game for now at least and will get you banned.Even still, this shows that in game assets have a very tangible real world value on the grey market, so when you see headlines about trillions of ISK been lost in these epic battles it gives you an idea of just how expensive it can be to wage entire wars in EVE Online.But this all begs a bigger question…Who or what funds these wars?With a price tag of hundreds of thousands of real world dollars and nothing but virtual space pride in return, it doesn’t sound like a very good deal… Right?Well, it’s time to learn how space money works, if you enjoy this video please consider liking and subscribing for new video’s like this one made every week.Ok so there are three really interesting and unique ways these major wars have been funded over the past 2 decades that this game has existed. But let’s start with the most basic one.#EVEOnline #EconomyOfEVE #HowMoneyWorksMusic by Epidemic Sound & Eve Online Original SoundtrackSign Up Link (if you want to try out the game) - https://www.eveonline.com/signup?invc=ef33cafb-0aa2-4051-9f03-55dc800247c2(This link gives both you and I rewards in the game)Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------------ Keywords: how money works, recession analysis, financial planning, real estate crisis, money management, financial education, stock market, investment strategies Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How Short Term Thinking Won | How Money Works

How Short Term Thinking WonFollow to learn How Money Works.Find How Money Works on YouTube: ⁠https://www.youtube.com/@HowMoneyWorks⁠Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ----------- Keywords: money podcast, financial literacy, market crash, gig economy, financial planning Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]