What is the relationship between gold and silver, currency, and credit? What are M1 and M2?

First, gold and silver: they are one of the anchors of currency, and previously the only anchor, so in the past, gold and silver = currency, which led to that classic saying "Gold and silver are naturally currency, but currency is not necessarily gold and silver."

Currency: domestically also called M1, which is the actual printed money.

Credit: what is actually circulating in the market is credit, which is essentially liabilities. So what about currency? Currency exists in banks, and what circulates in the market is the liabilities M2 released by banks based on M1; the money you earn is actually the liability of one party. There is also a classic saying that corresponds to "One party's surplus is another party's liability." #区块链 #BTC #比特币 #空投发现指南