The true wealth is one's own time and freedom, and money is only a tool for exchanging time. You can imagine money as a container used to store the economic energy obtained through labor and expertise until it needs to be released in exchange for the necessary resources or services. Currency, on the other hand, is a creation based on the characteristics of money for certain purposes.
Money and currency share these common attributes: they are both a medium of exchange, a unit of account, portable, durable, divisible into smaller units, and interchangeable. Interchangeable means that each unit has the same purchasing power. For example, a rich person's money and a poor person's money have the same purchasing power. However, money has a characteristic that currency does not have, which is the ability to preserve purchasing power in the long term, measured in centuries, compared to currency.
Let me tell you a story. Imagine a group that controls the economy of a country, referred to as the rulers. In order to better control a country's resources and increase its productivity, the rulers use fiat currency based on the confidence of the holders to replace traditional gold and silver, at a cost of only anti-counterfeiting technology and relatively cheap materials. By over-issuing currency, they cause it to depreciate and use inflation to motivate people to work actively to achieve the productivity desired by the rulers. Eventually, the value of this fiat currency will depreciate to nothing, and the rulers will have already squeezed out all the benefits and disappeared, leaving behind a collapsed economy and helpless people. In fact, similar things have happened countless times in history. Financial experts have studied history and found that the value of all fiat currencies will eventually return to zero due to human nature. There have been thousands of currencies in human history, and all of them have become worthless. Yes, the establishment of a strong country cannot be separated from a stable monetary foundation. In order to develop rapidly or cope with wars, it is necessary to over-issue currency. So far, these currencies have become worthless due to the decline of the issuing countries. In Chinese society, the fiat currency and the gold yuan issued during the Republican era have become worthless.
In recent years, almost all disposable assets such as gold, silver, accommodation, and even carbon emissions have been manipulated and securitized, or in other words, they have become alternative currencies linked to fiat money, becoming tools in the hands of the elite and ruling class to control the freedom and labor of ordinary people. I believe that if this situation continues, it will become the norm that ordinary people will find it difficult to have any truly preservable wealth in the future. In this era, I believe the best investment in one's life is one's own education, actively learning and trying to understand the history of money, finance, and the operation of the global economy. This knowledge, which can help you rationally protect your wealth, is almost inaccessible through existing obligations and conventional educational channels.
Someone may ask, why should we learn the above knowledge? What is the goal? The most basic learning goal is to protect one's own labor and professional achievements through the knowledge acquired. Even better, understanding that wealth is generally not destroyed, but only transferred. This means that every financial crisis is also a great opportunity to increase one's wealth with relatively low risk by using the financial knowledge learned.