At its core, money is just a list of reserved collateral. My €50 bill tells me that the economy ‘owes’ me €50 of value, which I trust I can get. This is why money has always been virtual, based on the trust of a community of users in its value, something that enables commerce, which is basically money and value in motion.

Money is debt. It is similar to a bond that pays zero interest and has no maturity date. It can be easily transferred from person to person and because it can be hidden, it can be used as a vehicle for time shifting.

It is important to learn about money. Without knowing how money is created and how it is managed, everything that comes after it is out of context. It is crucial for people to know how the trillions that move things are made and how they move. Especially to understand what is going to happen to them and their savings as a new monetary system emerges in the world.