Since officially abandoning the gold standard in 1973, the dollar is what economists call fiat money. The word "fiat" comes from Latin and is often translated as a decree, but in summary, the term means that the money is not backed by a physical asset, like gold or silver. Its value is based only on the full faith and credit of the United States. This makes it much easier to increase the debt and resort to expansionary policies. Critics consider this damaging and see an economic crisis looming and inevitable. Defenders believe the economic damage would be bigger if nothing was done. In this video, we dive into the advantages and disadvantages of the system.

In a step to fight against hyperinflation, Venezuela unveiled today (Frida, October first) new banknotes. The Bolivar will lose six zeros. One million Bolivar will become one bolivar. The value will still be 25 US dollars. The country is battling high inflation for a long time. It's not the first time that the country resorts to such measures. The Bolivar lost 3 zeros in 2008 during former President Hugo Chavez’ government and 5 more in 2018, already under Nicolas Maduro.

Amazon is huge. So much that politicians, business owners and former employees started to state publicly that the company founded and led by Jeff Bezos shouldn’t be allowed to exist in its current form. The firm is facing growing antitrust scrutiny and the idea that it should be broken up has moved from the fringes to an accepting mainstream talking point. But is it even possible? How would it work? This video tries to shed some light on how a possible Amazon Break up would look like.

Japan has more than 33 thousand companies that are more than 100 years old, over 40% of the world’s total. Around 140 have existed for more than 500 years and at least 19 say they have operated for more than a thousand years. Behind all these numbers are companies that have endured a lot of difficulties throughout the time period. The shinise, as these ancient businesses are known, are considered national treasures. But how did they all manage to survive for so many years= There are some secrets behind this phenomenon. We look into these reasons in this video.

How does gold repatriation work? What are the best options to keep gold safe? In this video we look into how Germany repatriated 674 tons of gold between 2012 and 2017, moving the precious metal from Paris and New York to Frankfurt.

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