If you have ever wondered where money comes from, you are not alone. Until recently, I did not understand the theory of money at all. I knew that once upon a time, our currency was backed by a “gold standard,” and I assumed that this simply meant that if someone took a dollar to the Federal Reserve, they could get a dollar’s worth of gold out of the national gold reserve. I figured that it was just easier to carry around paper money.
However, for my whole life, there has been no gold standard. Our currency is backed by faith in the United States Government. I never really understood how that worked.
Until yesterday, when I watched the videos below. There are 5 videos, about 10 minutes long each, and they are by far the best explanation of the way money actually works that I have ever seen. In the last couple of clips, the video talks a little about monetary reform, and I try to stay away from anything political here, but the information is great whether you agree with the author’s ideas about reform or not.
Everyone should watch these videos. After all, you use money every day. You have a responsability to understand it.
Gmail recently added a feature called “Undo Send”, which actually holds your email for 5 seconds before it sends it. In the mean time, you can press the “Undo” button, and potentially save yourself some embarassment.
Sight and hearing are easy. But in order to really connect on an emotional level with someone, you need to do more. Memories are usually connected with a particular sensory input, and that type of sensory input will most easily trigger that memory. Since the goal of branding is to be remembered, and stand out, the more senses you can attach to your brand, the higher the chance you will be remembered.
What makes us happy? Not happy in the I-just-got-some-chocolate temporary way, but really, truly happy in the long term. The kind of happy where you die at 87, with your great-grandchildren around you and think, “I had a good life, and wound not change anything.”
There are five major car companies in Germany, and to the outside world they could easily seem very similar. After all, they are all “German Engineering,” they are all luxury models, high quality, and stylish. In fact, they all have rather similar symbols, all of them based around a circle in some way.
You have 8 seconds. No, I’m not kidding.
Once you have a simple message that is relevant to the client and appropriately targeted at their feelings rather than their logic… keep repeating it.
Social Upgrades
How Money Is MadeIf you have ever wondered where money comes from, you are not alone. Until recently, I did not understand the theory of money at all. I knew that once upon a time, our currency was backed by a “gold standard,” and I assumed that this simply meant that if someone took a dollar to the [...]