Bifurcation and Your Money
What happens to your money if the East trades without dollars?
“In our time, the curse is monetary literacy, just as the inability to read plain print was the curse of earlier centuries.” - Ezra Pound.
BIFURCATION - [bīfərˈkāSHən] - noun
Def. - The division of something into two branches or parts.
In the next four minutes, what you read may help you grasp a concept that could save your family from financial ruin in the next ten years.
Given a significant event this week (May 12-19, 2024), I will teach you the meaning of monetary bifurcation and why understanding it is essential for protecting your money.
I’ll begin by asking you a question.
What Is the Definition of Money?
The average American thinks money is what you get for working (a salary), what you keep in your bank (a checking or savings account), or what you spend on the goods and services that you buy (expenses).
However, these things help illustrate what money does, not what money is.
By definition, “money is a medium of excha…
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