The History & Future of Money

You can’t do very much if you don’t have money. Gary Korolev will prepare you to understand the origin of money and how you can use the past to protect you from future monetary hardships.

In this video, you’ll learn:

  • What the value of money is.
  • How to examine the history of money to predict the future.
  • How money is controlled.

About Gary Korolev:

Gary Korolev is a CFA (Chartered Financial Analyst) Charter holder. He graduated from the University of Florida with a Bachelor’s Degree in Finance in 2004.

Prior to joining his current employer Gary worked in a Financial Advisory capacity at Morgan Stanley and Merrill Lynch. He is currently a Consultant on approximately $300 million worth of Private Client assets at a large, well reputed financial services firm which he wishes not to name because the views expressed in this video do not represent the views of his current employer.

Gary immigrated to the United States from Russia with his family in 1992 as a political refugee. His father was a publisher of an anticommunist newspaper in the Soviet Union prior to the fall of the Iron Curtain.

Gary is a proponent of the Austrian School of Economics of which the most widely known economists are Ludwig von Mises and Murray Rothbard. The Austrian School argues for a completely free market, and extremely limited government if any public government at all.

Gary finds credibility in the Austrian School because despite being in the small minority of all economists, the Austrian Economists are credited more than any other with predicting the housing bubble and many other prior financial bubbles as well as explaining how government intervention in the economy, economic central planning and market manipulation by government enforced monopolies such as the Federal Reserve end up causing more harm than good to the economy in the long run.

Gary may be contacted at gakorolev@gmail.com

4 comments

  1. okay so i dont get this “buy gold” thing

    lets say i got 5k dollars in my pocket so i can just buy groceries and pay rent and stuff like that.

    now i also got 5k worth of gold. So what? i mean how do i use it to buy stuff? i mean i cant just get an ounce of gold and go out shopping with it
    how does gold help me in any way?

    please help 🙁

    1. Well, you wouldn’t have “5k” worth of gold, you would have a few ounces of gold, that might be worth $5,000 dollars, at a given point in time.

      However, if you had, say 2.5 ounces of gold, and the government printed 1.5 trillion dollars next week, to pay off debt to a few foreign countries, the dollar value of your gold would increase to $6,000, or $7,000, etc, because the value of your dollars would decrease, because there’s more of them in circulation.

      The point is that gold cannot be created out of thin air, like dollars can. The government can currently make as much money as they want, from nothing. But they have a lot more difficulty manipulating the value of gold.

      So bottom line: gold is stronger, and more resilient in holding it’s value, over a long period of time.

      Hence it’s been used as “money” over thousands of years, unlike paper dollars.

Leave a Reply

Your email address will not be published. Required fields are marked *