1971: The year humanity became enslaved

[@uberfeel]

"Good people do not need laws to tell them to act responsibly, while bad people will always find a way around law" - Plato

[@pola_behr]

hmm, interesting so what do we do with bad people?

[@NevisYsbryd]

Coming from the guy who wrote _The Republic_ , it comes off rather hollow.

[@Dave_of_Mordor]

@@pola_behr we admire them

[@iwankazlow2268]

@@pola_behr Historically, all civilizations executived criminals. Cruel but effective. And merchants, money lenders, all who don't follow the law or stretch it too much, got the bad ending. Now, if you have a million laws with a million loopholes, all smart criminals don't get what they deserve. How many people at least went to jail for the 2008 crash?

[@calebdonaldson8770]

Laws, no matter who they serve, are an act of power play. Flaunting power is something that humanity, at its core, very much despises. Greed and jealousy fuel those who find a way around the law in the chase for more power (especially under Capitalism where the lure of money is too strong even for the most righteous among us). Why do you think there is so much controversy surrounding police and gun laws? Simple: people don't want to be told what to do and threatened to do so by those in uniforms. Having equal terms of power allows citizens to defy this notion for their own gain.

[@lukeyboy1589]

My mans really be going from ‘our currency is doomed’ to ‘use this currency backed by my sponsor instead’ in a heartbeat.

[@olddriver1402]

Is this a criticism? The currency he's suggesting is immune from the problem stated in this video.

[@peppersteakpie4986]

@@olddriver1402 Crypto is the largest ponzi scheme ever created

[@nevergonnagiveyouup7308]

@@peppersteakpie4986 ah yes, a ponzi that IS currency of a country, Very truly

[@olddriver1402]

@@peppersteakpie4986 How is it a Ponzi scheme? You clearly don't understand what you're talking about.

[@peppersteakpie4986]

@@olddriver1402 I'm not asking you to believe me but I hope you realise that it is by its very design made to make you think that it is actually real. Decentralisation is a lie and all crypto is based on hype. Just have a look at Reddit for example at the rampant shilling of coins like it's a get rich quick scheme and that's because it is. Crypto is backed by nothing and only when the illusion of crypto is shattered will people realise they've been had. It honestly is plagued with all the problems of fiat currency with much of these coins operating no different than your classic wall street scams. I hope you do try to at least consider what I am saying because I was into crypto at one point but I see through the lie. It is designed to make you emotionally and ideologically invested. Crypto will still go up 10,000% Thats how good of a Ponzi it is and trust me most people won't see it until they are left holding a bag of coins no one will buy

[@nanofyabiz9289]

the fact that the gold standard was TEMPORARILY suspended will forever keep me suspicious of any temporary government measure.

[@creapyalbinofish]

Nothing more permanent than a "temporary" government program.

[@henryjohnson-ville3834]

@@creapyalbinofish I wanted to comment your exact response. 🤭🤭

[@gabrocki]

*2 more weeks*

[@henryjohnson-ville3834]

Just like this PLAN-demic. Two more week to flatten the curve. Fvck's sake. 😑😑 Once politicians start dying they immediately start respecting the citizens. Remember "When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson, or was it Sun Tzu, not sure. 🤔🤔

[@sarahjacobs1161]

The schools had temp bungalows and yet those things are still around

[@GetMeThere1]

I graduated high school in 1971. Before then, life was HEAVEN. My dad, and most of the dad's in the neighborhood either had decent, regular jobs or owned a mom and pop sized business. EVERY HOUSE in the neighborhood had at a stay at home mom. We had a built-in swimming pool, and next door they had one of those above ground ones. EVERYBODY WAS HAPPY. All the kids got along -- and could just go into any neighboring house just like they were a kid that lived there (this was in northern NJ -- in the New York Metropolitan area). All the dads were buddies and would help each other with projects, etc. It was a COMMUNITY. A big part of it was clearly that a guy could make a decent living without extraordinary efforts.

[@helderduarte213]

Now the big sharks finnally achieved the perfect enslave community where we are all against each other in search of the better job or job position and we are all so close to being poor that we can't fight for better conditions, the majority doesnt even have time to see the rat hole were we are at.

[@wildernessrick9278]

Been in Northern New Jersey for all 32 years of my life, Sussex County! The community feel was wayyyy tighter back in the 90s, but people still try to stay involved locally. It's been improving for the last two or so years. 🤙🏻

[@liamliam5341]

@@wildernessrick9278 what world are you living in nothing has improved over the past two years, it has gotten worse.

[@stephenramos2824]

I can relate, my parents tell me of what they did and bought when they arrived in Canada and ya they worked hard but actually achieved something and were able to enjoy it. No way I could afford to do what they did now.

[@wildernessrick9278]

@@liamliam5341 We make our own realities, friend. I'm living in the reality where I'm invested in my community, I volunteer time on occasion to one of many, *many* local farms, we go to live music events, make friends and connections with people in our community. I also started a trade apprenticeship 3 years ago, so things have been rapidly improving and escalating, it's been a blessing. I guess my point is if you think things are so bad and have only gotten dramatically worse, just ask yourself what you have done or have been doing to make things BETTER. Peace, my friend. Times are hard. So we must be solid. ✊🏻

[@JahNuhThunDeeTheOneAndOnly]

“Give a man a gun and he can rob a bank, but give a man a bank, and he can rob the world.” -Tyler Wellick

[@basiclemur7823]

why would that ever be said

[@elizabethbarringer2791]

I like the way you said that not every man with a gun will rob a bank but every bank robs the world

[@profwasabi4020]

@@basiclemur7823 Because bankers have been robbing the world for decades. It’s not a riddle.

[@basiclemur7823]

@@profwasabi4020 well yeah i understand that, but in what context would tat be said

[@profwasabi4020]

@@basiclemur7823 I remember the quote but not the context. It’s in the show Mr. Robot.

[@rogeliobarraza1772]

The deeper I go into this rabbit hole of money the more I realize how doomed we are. My goodness. We are literal slaves. No wonder they want to suppress financial literacy. The moment people understand money is the moment we lose faith and everything collapses.

[@Fawn91193]

It has to collapse, as anything this predatory and artificial must. Not to worry... When hyper-inflation hits--and it will--they'll just put us on Fed Coin (digital currency), attach it to a social credit score, and we'll embark on yet another beast system, cashless and even more sinister than the last.🎉

[@TheChangeYT]

What do you think is the most important book about the history of economics and our monetary system?

[@adultpubertypodcast78]

​@@TheChangeYTthe creature from Jekyll island

[@westsidesagittarius3103]

They're plan was years in the making the good thing is now people can start to see it

[@DrRock2009]

@@westsidesagittarius3103the veil over the evil and corruption in the world is falling away: humanity is awakening and building a new way…🤷‍♂️

[@aaaaaaaaaaai5056]

gotta love the irony of this video spitting actual facts about how the people of the world are getting stolen from and then pushing a sponsor claiming free money without explaining any of the risks of crypto to the audience

[@ThePhillkillv2]

It's a shitty fucking video through and through lol

[@darth3261]

That's the beauty of this channel, it teaches you that everything is a scam then it tries to "scam" you. People who are paying attention won't fall for it.

[@aaaaaaaaaaai5056]

@@liamlowery5485 i said that

[@empyrealreveries]

a guy needs to make cash somehow!

[@dengmandang]

@@empyrealreveries Some these videos be mad expensive to produce 😂

[@jacksquat4140]

This may be coincidental, but 1971 was also the year that Klaus Schwab opened the World Economic Forum, and John Lennon sang the song "Imagine," which seems to echo the WEF's utopian ideologies and principles.

[@angelobowie6880]

with these people nothing is coincidence

[@jacksquat4140]

@@angelobowie6880: I'm afraid you're right.

[@dimitrishow_D]

Lol I thought the same thing!

[@jacksquat4140]

@@dimitrishow_D : Brilliant minds think alike.

[@dimitrishow_D]

@@jacksquat4140 like at the wef , lol....maybe we should join haha

[@MichaelNickolai]

Would be interesting to see a follow video on Bretton Woods, showing exactly how US played their moves in order to get the other countries to switch from GBP to US Dollar. Lots of interesting material on this topic

[@angelraso2891]

Yup , the petrodollar its a good take ... also how the US intimidate other central banks into buying its currency or devaluating just like happened in the 90's crash in Asia

[@silverhost9782]

Seems like it was a natural occurence. The US had all the gold, and held debt over the UK and basically everyone else who mattered. No one could have said no, even if they wanted too

[@mulattomalcolm2444]

Look up Peter Zeihan. He is a geopolitical expert who talks extensively about Breton Woods and it’s impact on global markets. He’s written several books but there are tons of his interviews floating around KZbin.

[@Tysich]

I would recommend watching Jake's We are Always At War documentry then.

[@GodSpeed161]

Can you link source for info? For whatever reason what I've seen said is that there are only 2.2 trillion dollars in circulation.

[@IronDogger]

Humanity is being held back by a select few who feel they deserve to be disproportionately wealthier than the rest.

[@endTHEhegemony_Today]

And when the inequality is so great that all but the Rich have nothing to eat, we eat the Rich 🖤💜💙💚💙💜🖤 Dinner's coming early! Much love!!

[@DS-Akin]

That and the unwitting gatekeeping fueled by the sometimes chestpuffing fatalism of those who fancy themselves 'right-wingers and conservatives' and the 'age old family derived' fatalism of 'global south' migrants* spread around who are borderline choiceless in being complacent which yet again contributes to unwititng gatekeeping for the upper echelons. *offspring of Salvadoran migrants here

[@nickl5658]

@@endTHEhegemony_Today You can try. This time the rich are creating robots. Obedient autonomous machines that will crush all the dirty poor.

[@MissTippiLu]

The government is full of lizard people; psychopaths.

[@jhoughjr1]

narcissists

[@romangonzalez4949]

He makes such good points, and then suddenly, boom, just blindly treats crypto like some sort of panacea

[@chadleybartimusdisney-brow3011]

What’s your panacea?

[@andrewsikorski4316]

@@chadleybartimusdisney-brow3011 there is none.

[@NeostormXLMAX]

its his sponsor

[@feetusgaming779]

He writes with such normal words and then all of a sudden, boom, he casually drops the word panacea

[@HWingo]

@@feetusgaming779 lol "maybe if I mock his correct use of a common word I can show how stupid he is" derp derp

[@freyasslain2203]

I truly believe this . The other day , I saw something very very unsettling , if not truly mortifying on HGTV , this man was selling a house he paid only 19,000 for in the mid 60s , and in 2022 , he sold the home for 750,000 . This is not inflation . This is something far more insidious .

[@Townes888]

And it's freaking global

[@pauly1053]

its greed

[@sydecarnutz972]

@@pauly1053 Its our government printing more money to inflate away national debt.

[@criticalthinker8374]

@@pauly1053 It's investing.... unlike crypto which is really stupid greed.

[@criticalthinker8374]

My house I paid 625K for in 2000 is now worth 2.2 million. That is good investing !

[@limelightraver5690]

“The earthly paradise had been discredited at exactly the moment when it became realizable.” - George Orwell, 1984

[@Saurabhgupta23671]

🔥 🔥 i had to find a seat after this one

[@igunashiodesu]

I come from Venezuela (currently in Florida) and witnessed from within, how a country can crumble to shambles. I've been witnessing the M1 and M2 numbers, the insane increase in government spending, bigger and more inflated government bureaucracy... and to be quite frank, it really terrified me. I had a minor flashback moment of remembering rampant inflation. The US leadership has really fucked up its citizens and residents. I'm starting to see the early signs of it and how deluded both MSM and the government are playing pretend with a very serious issue, that no one seems to want to tackle. Even going to Orwellian newspeak tactics as calling inflation "supply chain issues/disruption". Venezuela at the end of the day, is not a truly significant country in the world-scale (not to say that we are completely irrelevant), so the fact that the Bolivariana Revolution hara-kiri'd our economy and its future prospects, is a shame but nothing too consequential. If the US dollar goes down, I can't imagine the global repercussions that such would entail... China and the US seem to be poised to go along with this Mexican standoff and run a debt-bubble until either succumbs to readjustments. China with it's real estate market and government corruption, and the US with it's massive fiscal spending, monetary policy and government stagnation... Let's see who goes chicken. At the end of the day the common people are just pawns and suffer the most...

[@angrydragon4574]

You do realize that it's China doing the standoff, right? Threading to invade other countries, committing genocide and ethnic cleansing... The list goes on.

[@marktheregulardude8651]

@@angrydragon4574 you do realize the US does this too right? In the past and actively.

[@Kam1]

MSM and the government are not delusional. They know exactly what's going on. It's all part of the plan.

[@justcommenting4981]

The revolution that massively increased the ability of people to read and write? Maybe if the U.S. didn't put sanctions on Venezuela while also funding guerilla fighters in neighboring countries it would be better off. Your parents were probably among the wealthy that benefited from the massive poverty and cheap labor that was dissolving the country in the first place. People act like these massive upheavals just happened completely randomly as opposed to being the result of decades of apartheid and colonial rule.

[@justcommenting4981]

@@angrydragon4574 the US literally only stopped its invasion of Afghanistan. It assists or outright commits war crimes in Yemen, funds terrorist in Syria, exploded a general in Iran(a country we are not at war with), attempted to establish a puppet government with Juan Guaido(and likely assisted in disabling the Venezuelan power grid), I mean I could go on. The biggest terrorist nation on earth is the U.S.A.

[@brajeshwarthakur9001]

Releasing documentaries at an absurd rate and keeping up the quality .

[@wastedtalent1625]

The quality is pretty mediocre to be honest...

[@Youeube]

@@wastedtalent1625 Agreed, I turned it off when he pretty much disregarded the advancements we've made in technology in recent decades at 02:17 lol

[@williamehrhardt918]

a total misunderstanding of the change in M1 money supply is an unforgivable mistake in this kind of video. It's propaganda at best.

[@snesmocha]

@@Youeube yeah, he needs to take a break...

[@crimsonite1524]

maybe Jake has a terminal illness and wants his work done before he goes. im just speculating.

[@omnicademodsmore5024]

I was pretty invested till the crypto ad. Also loved that transition at the end. Hey don't let those people steal your money instead let us.

[@RomanumChristum]

Jake really is a sell out, once worked for the people now is working to line his own wealth. Smh

[@Poisontooth]

What's wrong with crypto?

[@MrGcmrG]

@@Poisontooth The problem is in the name.

[@oswaldosalazar6954]

Yes because Jake Tran is just a fake propaganda channel

[@sanskrat]

@@Poisontooth The day a general minded mathematician will calculate a solution to ECDLP. You will know.

[@user-pb1ko8il3w]

i’ve been a passive viewer of your channel for like a year now, and just want to say, your work ethic is incredible. incredible storytelling, great narrative driving & beautiful editing. small things like the background music, the font, the transitions, and just the fast paced change in the content, keeps me on my toes. the simultaneous increase in frequency and quality is fascinating. good job and don’t stop!

[@samrothstein8429]

i 2nd this

[@Cjware5]

@@samrothstein8429 and i 3rd this verbatim

[@darthvader5300]

In the 1970s , a wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money.

[@cuddybud5316]

You’re welcome

[@FreedomEveryWay]

And then he rapes his own video by turning it into a commercial for some product :(

[@SwissyChief1265]

Jake: "Ya, the governement has been fucking you over for 50 years, and we're on the verge of a full societal collapse" American Commenters on this Video: "I can't believe this documentary is free! Thanks Jake! Onwards with life." smh

[@noseyparker6969]

Yup, we're all pretty much fvcked.

[@akacurmurdar1]

It's not just americans, it's the whole world.

[@frutcakes6370]

It’s pretty obvious the government is fucking us, but the people that are thanking Jake are probably unaware how they are fucking us.

[@geo_o]

Lol

[@delamovies]

What are you gonna do with this information?

[@phaedrussmith1949]

Interesting, well made. You missed the creation of the Federal Reserve as the/a “Central Bank,” on Jekyll Island in 1913. Not sure crypto is the way out. It once had the potential to be, but now it seems to be little more than a commodity that people buy trying to get rich instead of a currency that people use trying to get free.

[@octavianschaefer7294]

Hes made an entire video about the federal reserve

[@jensenpanala5456]

Research XRP and the characters involved. Including Peter Thiel. The aim is to apply blockchain to everything to eliminate corruption as blockchain is transparent. Don’t take my word for it tho brother, please research XRP and Peter Thiel, that should slowly show you what is planned and what is happening. Palantir too.

[@imados21]

You can also buy gold as a saving

[@Etaoinshrdlu69]

@@jensenpanala5456 XRP is a Ponzi scheme run by some dudes. Centralized scam coin.

[@Jabranalibabry]

The crypto bros ruined it

[@thetruenorth5714]

My father in law was out of his mind pissed off that I bought a house for 200k. He likes to talk about his house that he bought for 18k back in 1972. I like to remind him that his generation stole that opportunity from us. This world makes me sick. People working their asses off everyday just to pay their bills.

[@merdoc81]

Show him a inflation calculator, 18k in 1972 is the equivalent to 130k in 2023.

[@AnabolicSaagAloo]

Being taken off the gold standard paired with neoliberalism and trickle down economics has made an absolute mess of the global economy. GDP has never been higher but you wouldn't think it looking at the state some developed countries are in. There's a lot of regular people feeling the pinch being overworked and underpaid in precarious jobs. Something needs to change.

[@jokerpilled2535]

Bingo. And they’re using propaganda such as social media to further delude people into believing the nonsense which keeps this circus spinning. It’s up to the people to educate themselves, but if you talk with the average person, you’ll realize how ignorant and brainwashed they really are.

[@angrydragon4574]

The whole "GDP" nonsense is only beneficial to those who are already wealthy. They're using the wrong metrics, they need to measure the paychecks, well being and living conditions of the average person instead.

[@angrydragon4574]

@@jokerpilled2535 It goes beyond propaganda. It requires ignorance and an abdication of critical thinking.

[@sjent]

GDP measures amount of money, not value behind it. Less than 8% of US economy is manufacturing. Another 5% is in farming. If we sum up all the industries that actually produce anything, it maybe will be 25% of total GDP. Rest is services and financial sector. Both just move money around. There is a reason why stock market grew in 2020, despite economy being in recession. Because it has very little actual connection to production of actual value.

[@s.a.8548]

@ENKI LE PRINCE Your rambles are incoherent. Please make a clear statement next time

[@BenBassett]

Jake makes some of the best documentaries on KZbin

[@God-w-]

Video just dropped this one could of been bad. Stfu.

[@theforcewithin369]

Defies logic to say, "I give my consent for you to be robbed." Yet that is the basis of the cult of "democracy": the notion that a majority can give consent on behalf of a minority. That is not "consent of the governed"; it is forcible control of the governed, with the "consent" of a third party. Larken Rose, The Most Dangerous Superstition people cannot delegate rights they do not have, which makes it impossible for anyone to acquire the right to rule ("authority"). Also, people cannot alter morality, which makes the "laws" of "government" devoid of any inherent "authority." Ergo, "authority"-the right to rule-cannot logically exist. The concept itself is self-contradictory, like the concept of a "militant pacifist. Larken Rose, The Most Dangerous Superstition The men who wear black dresses and wield wooden hammers and refer to themselves as "the court" are seen as the madmen they are. Those who wear badges and uniforms, and imagine themselves to be something other than mere human beings, are not seen by the deprogrammed as noble warriors for "law and order" but as confused souls suffering from what is little more than a mental disorder. Larken Rose, The Most Dangerous Superstition Mortals cannot alter morality any more than they can alter the laws of mathematics. Their understanding of something may change, but they cannot, by decree, change the nature of the universe. Nor would anyone sane attempt to. Yet that is what every new "law" passed by politicians pretends to be: a change in what constitutes moral behavior. Larken Rose, The Most Dangerous Superstition Without the right to rule ("authority"), there is no reason to call the entity "government," and all of the politicians and their mercenaries become utterly indistinguishable from a giant organized crime syndicate, their "laws" no more valid than the threats of muggers and carjackers. And that, in reality, is what every "government" is: an illegitimate gang of thugs, thieves and murderers, masquerading as a rightful ruling body. Larken Rose, The Most Dangerous Superstition In short, if the victims of authoritarian extortion, harassment, surveillance, assault, kidnapping, and murder simply stopped assisting in their own oppression, tyranny would crumble. And if the people went a step further and forcibly resisted, tyranny would collapse even more quickly. Larken Rose, The Most Dangerous Superstition Everywhere you turn, be it the state or the church, the media or the schools, you are taught one thing above all else: the virtue of subjugating yourselves to mortals who claim to have the right to rule you. Larken Rose, The Iron Web Many have been able to recognize and oppose specific acts of tyranny by specific regimes, but very few have recognized that the underlying problem is not who sits on the throne; the problem is that there is a throne to sit on. Larken Rose, The Most Dangerous Superstition But all ʻlegal’ means is that the government told you to do it. The way people view law these days, whether something is ʻlegal’ or not depends only on who gave the order. If the people who call themselves ʻgovernment’ do it, it’s legal. If anyone else does, it’s not. But whether the order itself is good or evil, and whether anyone should obey it, has nothing to do with who gave the order. Larken Rose, The Iron Web Every person who claims to act on behalf of "authority" is demonstrating that he has accepted an utterly ridiculous lie: that his position, his badge, his office dramatically changes what behaviors are moral and what behaviors are immoral. The idea is patently insane, but is rarely recognized as such because even the victims of the enforcers share in this delusion. Larken Rose, The Most Danger ous Superstition only those who do not need to be controlled-i.e., those already trying to live moral lives-feel any obligation to obey the controllers. Meanwhile, those who pose a real threat to peaceful society feel no moral obligation to obey any "authority" anyway. Larken Rose, The Most Dangerous Superstition When enough people understand reality, tyrants can literally be ignored out of existence. They can't ever be voted out of existence. Larken Rose If, on the other hand, you value peaceful coexistence, compassion and cooperation, freedom and justice, then teach your children the principle of self ownership, teach them to respect the rights of every human being, and teach them to recognize and reject the belief in "authority" for what it is: the most irrational, self-contradictory, antihuman, evil, destructive and dangerous superstition the world has ever known. Larken Rose, The Most Dangerous Superstition

[@elzorrodorado9057]

@@theforcewithin369 deep thought

[@MichaelOblitey]

He most certainly does. He and James Jani are my inspiration with my videos on my channel!

[@pola_behr]

@@theforcewithin369 it's more efficient to force people not to hurt each other than to teach them it's "wrong". "authority" is necessary to keep those who don't want to respect the rights of others, in check. and morality can very easily be altered, so you're just wrong about that one.

[@chargermopar]

I have been telling others I know about this scam since the 1980's. It is good to know it is now publicly known and videos like this exist to educate others. Always thought 1971-3 was the turning point. Everything from cars to real estate changed then.

[@joestein6603]

So what can the average Joe do to combat inflation? This scheme will have to implode on its self sometime what can I do to secure a futurr

[@CARDAMELO]

@@joestein6603 CRYPTO specifically XRP, XLM, eth. GOLD AND SILVER coins with face value if possible. And possibly NFTs👀

[@joestein6603]

@@CARDAMELOI'm not with the crypto hype train anymore (bought doge coin). The gold and silver look promising though

[@manwhoismissingtwotoenails4777]

@@CARDAMELO nfts are shifty crypto can be exchanged in a few stores though and can be traded online.

[@sotch2271]

@@CARDAMELO crypto is gigantic bet, just like us dollar, silver and gold is far more sure

[@breakfree1949]

The gold standard ended in 1971. The WEF started in 1971 and there you have it!

[@christianchellis9057]

Interesting.

[@jurgenstrauss1561]

I can't believe these videos are FREE on youtube, it's factual, well-edited, well narrated and overall high quality, I just wanna say, we thank you Jake Tran!

[@zeroonetwofour]

Shhhh, don't give Jake any ideas 😂

[@MichaelOblitey]

I know right! this is stuff people would charge thousands of dollars for, its insane!

[@wastedtalent1625]

There is a lot of lazy facts in here, you can tell he does the minimum required and pretty much goes over things that have been talked to death already on KZbin

[@purplewine7362]

@@wastedtalent1625 you're spamming the same thing under every comment without providing any concrete examples

[@jaketran]

who is Trahan lol, thanks man

[@Thebreakdownshow1]

Another good one jake, you really know how to write a title followed by excellent content something I can learn from you.

[@madat5843]

Well said, my man.

[@user-kk6ht1id5e]

You literally could not have finished this video when you commented 😂

[@Thebreakdownshow1]

@@user-kk6ht1id5e I saw the first 38 seconds and I put aside my phone and started paying attention. that when you know ita good lool. I have been a jake fan since the early days I just know it's going to be good.Not all of them are my favourite some just hit the right spot lol

[@MnMEminem]

Take it with a big grain of salt! We don't have meaningful achievements post 1971? Internet, medicine, A.I., automation, renewable energy, dna sequencing and much more aren't meaningful achievements?

[@darthvader5300]

In the 1970s , a wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money.

[@mindmanna8135]

If anyone knows: Why would the number of lawyers have exploded post-1971? Was this simply the case as a result of Gov. funded student loans or was there a deeper cause/motive or need? Also, was it only lawyers or did other professions also experience similar booms in the number of graduates, such as doctors or the like?

[@getsmartquick]

Great intertainment but I find this video slightly bias number one the money is going to the poor they use cash so they gotta print. Number two the population has increased or the bottom is larger so of course it's gonna be costly. The better assumption is to say what revenue models financial models and ways to increase your income streams. Plus there is a lot of innovation in the outskirts it's not mainstream yet. Other than that great intertainment

[@getsmartquick]

Plus I hate the bias of the past because it has already happened. How we gonna go forward now what tool are available and ready for disposal

[@andrewofaiur]

as government increased in size, it expanded regulatory agencies across all industries, requiring lawyers both on the enforcement and compliance side.

[@brunoacostasilva]

@@getsmartquick _"number one the money is going to the poor they use cash so they gotta print."_ No, it's not. That is part of the myth they propagate to justify the printing, the money the poor "get" has already been taken from the poor before through taxes and inflation years before, the "welfare" is a fraud ponzi scheme.

[@imtheboctilian]

I believe the addition of a ton of female workers played a large role into this. With most woman entering the work force, certain jobs had larger growth than others based on where the woman would chose to work.

[@JokkePlays]

stuff like this is so crazy. Thank you for bringing these things forward.

[@MarzMonkey]

Jake Tran plays both sides, so he always comes out on top.

[@akshitverma2004]

Jake "Trans"

[@lkiiig9245]

He's a little scam artist. Put money in a made up currency because the order made up currency is bad because its... Made up. Lol

[@BradYoga108]

Former.

[@genophese6979]

@@akshitverma2004 yo u might be on to sumn

[@sirteensy7492]

Pause. And put out of context

[@mikehawk4856]

“Gold is money. Everything else is credit“-JP Morgan

[@fireflymiesumae]

This

[@angrydragon4574]

Or some kind of physical asset.

[@uhhjays6629]

Crypto as long as the internet works

[@Nothinghere-g3v]

I mean technically gold there’s a lot it’s just we can’t reach it at this very moment but in the future if we can gold would be worth as much as dollar or close to worthless

[@Learner4FunLifePersona]

Jokes on Jake, everything in his BlockFi account is credit.

[@n015y8]

11:33 They didn't print that much money, they just changed definition of m1 stock. You can check this data on fred economic data. To better understand scale of printing check m2 and m3.

[@Pain-nw7gv]

Agreed

[@rosezingleman5007]

Good on you to know that. My hubs was an economist in DC for 40 years and most people are stunningly ignorant of how money supply works. Sadly, where my husband used to work, they decided to mostly *not even track* the breakdown in the M1, M2, M3. They don’t even care if it all goes to hell.

[@Senorzilchnzero]

I agree. M1 is no longer a true valid data

[@lv1543]

^all of these are shills and glowies.

[@brianj7204]

This is easily the greatest video on your channel, the tone you set with this video makes it so much more enjoyable to watch, even though the content is actually quite depressing looking at where we currently stand.

[@SevenFootPelican]

Jake, you're doing incredible work. Keep it up. This generation needs to be reminded of this. Those at the top are trying to do everything to keep younger generations ignorant of this stuff, and to keep them distracted with mundane and soul-emptying things. Please continue to bring this to our attentions

[@rickrolld1367]

A lot of what this video says is disingenuous. It claims for instance, that technology has not progressed much in the last few decades. It doesn't take much thought to realise that lots of things have changed. AI, more efficient space technology, better weather tracking, CPUs and GPUs, modern pesticides and fertilisers, manufacturing techniques, etc, etc. It also claims that because the US disconnected from the gold standard, that is to blame for the rise in inequality and a lack of wage growth for most. While that is a part of it, it misses the bigger picture. Around the late 1960s, the US entered a recession. As a result, companies didn't have many American workers to work with and their finances were fucked, so they did something new. They employed workers in poorer countries. These workers worked for way less than any American would. This gave companies a very nasty idea which proliferates to this day, which is that instead of working with minimum wage American workers, they instead looked towards foreign countries. This is where companies started outsourcing work, so while they flourished Americans got the shaft. They also got something new they didn't get before in America; Big tax cuts from Republicans. These tax cuts did not benefit workers, but benefitted the rich and wealthy, making them even richer. As a result of less taxes, this led to a few companies getting even more powerful, spreading seeds of corruption everywhere in American government. This is why Republicans left workers in the 70s. Companies turned into corporations as a result, and this parasitical relationship continues to this day, the wealthy sucking America dry of its resources and manpower. Then companies turned to the Democrats, coaxing them with money and bribery. Almost the second Democrats took it, they also left workers, this time in the 90s. As a result of pro company and pro rich policy, and because of companies outsourcing jobs, attacking and breaking up workers' unions, and attacking those that dared asked for a wage raise, they gained wealth, and workers' wealth stagnated. In the 50s and 60s, workers' unions flourished, and they were a big factor in wage growth. These unions argued greatly for better wages and better conditions, and because of pro union laws, companies couldn't do anything about it. Then in the 70s, Republicans passed many anti union laws, which resulted in many workers unions being busted or dispersed. This led to a downward spiral in mean wage growth which quickly plateaued, and as workers couldn't have a voice in wages, companies kept those wages as low as they could. So, with jobs being outsourced, companies greatly lobbying government, the end of pro worker policy, and the busting of unions, mean wages and wealth stagnated for most. Not the rich, though. These factors coincided with Nixon removing the gold standard, but Nixons' pro business policies are what really destroyed America, and are why 1971 was such a significant year. It also marked the end of Republican pro worker policy. If Nixon had removed the gold standard and had done nothing more, the world would have stayed the same as in the 50s and 60s.

[@BCBjcewA]

what your saying then is that the price of doing business made americans who actually do the real work or provide essential services, not valued as much because capitalist pigs who want to make money anyway they can with the idea of globalization initiated providing jobs to anyone where there was poverty beyond measure and thus increasing the liklihood of world peace. since the world would have many times over gone to war if people werent as well taken care of today as the might have been. and war is very costly. it costs lives bud. which i might add is precious commodity. WE DONT NEED SO MUCH STUFF> WE DONT NEED TO HAVE ALOT OF MONEY AND ABILITY TO MAKE MONEY> WE NEED PEACE AND LOVE> AND STUFF LIKE THAT> we have gotten very used to measuring the world the way it was. its not gonna go back to that. EVER AGAIN. because i would think we have learned are lessons by now. but perhaps not.

[@ribarxlittlex]

This was the longest comment I have ever seen on KZbin

[@vulblhotdiessfi]

@@ribarxlittlex you've seen nothing then

[@ribarxlittlex]

@@vulblhotdiessfi yeah KZbin ain’t my thing

[@looweegee252]

Uh none of that is new. Everything you mentioned is old, and we don't have AI. We are not close to singularity. You're wrong. Science has been very disappointing. It also gifted us Communism as well as Covidphobia. Do we really need Covidphobiacs?

[@cpa4able]

Sick, I managed to predict at least one thing that you were gonna talk about in the video, just shows how educational your documentaries are

[@44Todder]

A real eye opener. Thank you for posting!

[@anotherangrymonkey7435]

Wow. In my economics courses I always felt weird about the Finance market and how Financial institutions, banks, can just create money out of debt by using other people's money. Then the government also prints money and people are just accepting that. This channel really changed the way I look at economics.

[@eldenfindley186]

Don’t listen to this gold standard BS. A fixed dollar is too limited to keep up with economic trends.

[@COOLAUSTINO]

funny thing about economics is that there’s no science to it, it’s all completely made up bullshit lolol

[@Val81121]

@@eldenfindley186 Are you ready for The Great Misery? Better be.

[@oldmanmillennial1980]

@@eldenfindley186 his economics professors would be extremely disappointed

[@Bravo-oo9vd]

Is it really that weird that banks lend money to people using money of people who deposit money in the bank? Afaik it's called fractional reserve banking and was in use in 17th century.

[@pickleproductions2010]

One thing to note, in May of 2020, the Fed re-defined the M1 to include personal savings accounts, which was responsible for a lot of the massive spike.

[@trappart9209]

Could you explain the essence of it, please?

[@leviflimco]

Exactly! The FED did not print the increase in M1 as he stated in the video.

[@broark88]

It wasn't printed, but the reason for the redefinition was to allow those funds to be more liquid in conjunction with the reserve requirements being reduced to 0%. If banks don't need to back loans with any reserves, why slow down the rate at which people can spend their savings? In effect, it does constitute a large increase in M2 circulating money supply.

[@FrasierLinde]

Savings accounts were reclassified to effectively be checking accounts, moving a massive amount of money from M2 to M1 category (80% of the spike shown). So the total money supply didn't actually go up that much

[@lynnwood7205]

I was stateside between two tours in Vietnam when this occurred. When I returned to America in 1972 the nation was not the same as the one I had left. There is an economic divide amongst my high school class roughly by whether they were subject to military service or not. It was because those who did not serve were generally able to acquire a house or land (appreciating asset) by entering the workforce earlier than those who had military service. Just chalk it up to bad timing on my part

[@chriswright6245]

Biggest mistake I've made financially was not being born 20 years earlier to be honest

[@samermazahreh]

That was soooo informative and straight to the point thank you!

[@blackhawk7r221]

80% of old style bills were removed from circulation and replaced with newer higher security bills. What made a huge appearance in the mid 1970’s to increase personal debt? Credit Cards. Between 1934 and 1967, gold was held at a steady price of roughly $34 oz. After 1972, it began trading extensively in the market.

[@Penname25]

This might be your best video yet. It’s more relavent now then ever

[@coolman6139]

You haven't seen his Monsanto video yet if you think this is his best video.

[@Penname25]

@@coolman6139 I’ll be sure to watch it next

[@titan2984]

@@coolman6139 where is the Monsanto video? I couldn't find it.

[@coolman6139]

@@titan2984 you have to join the channel to gain access to it.

[@jakequanstrom7580]

Good video, but in reality, 80% of usd in circulation weren’t created since 2020. I read that the federal reserve redefined how they account for M1 and is mostly due to M2 components being moved to what the fed now defines as M1. Don’t get me wrong, a ridiculous amount of money has been created since 2020 but not nearly as much as 80% of all usd in circulation.

[@VoiceChattin]

Thank you, someone who realised this

[@willritt7]

Underrated comment. Thank you for digging deeper.

[@Tunca111]

Perfect explanation, thanks for the video. I share with my all friends

[@nancy0ls]

You are literally a servant of the public and with all my heart thank you. That’s not an exaggeration, you are actively educating the people. Bless you for this. Please don’t stop.

[@Lssjg702]

So he's a politician lol?

[@nancy0ls]

@@Lssjg702 im confused

[@nancy0ls]

@@Lssjg702 no, he isn’t. Lol

[@nancy0ls]

@@Lssjg702 I’m so confused as to what made u say this, nothing I said pertains to the description/definition of a politician.

[@Lssjg702]

@@nancy0ls what's your definition of a politician?

[@fabsmaster5309]

A little simplistic to attribute everything to the gold standard, especially given that we are comparing progress since 1971 to the most progressive 3 decades in US history which were preceded by the most stagnant decade in US history. Still good to see that people are becoming more aware of the effects of esoteric fiscal policy on our livelihoods.

[@CloudWalkBeta]

Everything started going bad after the world ditched gold standards though, many of the middle class have since then gotten squeezed into poverty, even in uk iv felt it, as we see virtually everyone working full time to gather as much gbp, but that too keeps becoming worth less and less. While we see the elites keep on buying up more property and double their wealth over and over. Ceos went from earning 20x the average to 200x the average House prices in the 80s required 8,000 hours of average salary labour to buy, now require 16,000 One other effect i’ve noticed are families are falling apart, it’s the marriage rates keep falling, divorces rising, and online dating shows us women chasing and competing for fewer and fewer guys. You can tell me you cant see the connection but families are just another statistic that started dropping around the 70s and it just kept getting worse at the same pace average people became poorer. even entertainment is getting worse, the quality we used to have has been diluted down, you have to dig for hours to find talent these days, good music is buried beneath pop sensations like beiber, or actors are type casted until we are sick to death of watching ryan playing ryan in every movie he’s in. Everything has been diluted and funnelled, success concentrated to only the top 1%, we have a very wealthy at the top, and 80% people left struggling. The loss of the gold standard and the amount of fiat currency printed has certainly left a scar on the life for average people. If you cannot feel those connections i dunno what to tell you, 50s 60s were clearly an anomaly the elite didnt seem to like and they are plummeting us back into some feudal system.

[@notsure7874]

@@CloudWalkBeta That's not exactly true. The gold standard was controlled by bankers who used "fractional lending" to essentially print more money out of thin air. This craziness started long before 1971, and included our periods on the gold standard. We were way better off when dollars were silver notes. We were way better off when money wasn't backed by anything at all - provided the power of "creating" money wasn't given to those bankers. Check out The Money Masters by Bill Still (made in 1996 I believe). It's not a 10 minute youtube video though, it's about 3.5 hours long. Secrets of Oz by the same guy is shorter (only about 1.5 hours) but its not as in depth. I don't think he gets some of the details 100%, but it's a hell of a lot more in depth.

[@CloudWalkBeta]

@@notsure7874 that'll be fine! I will give it a go! Thank you for your recommendation! If I am wrong I need to admit that & continue learning & appreciate the help THAT GUY offered me!

[@notsure7874]

@@CloudWalkBeta Most of it's pretty spot on, but the gold standard isn't the answer or exactly when it all went to shit. It seems to be (I thought it was for a long time), but the bankers still win with a gold standard. They even advocated for a gold standard for a good while. Silver was plentiful, and didn't afford them the control over money that gold did. They opposed silver notes.

[@georgeg2369]

@jake I’m a professional financial analyst with lots of formal university and postgrad finance qualifications. You did a great job summarising a technical theme for an everyday audience. If people actually understood how their wealth is being stolen from them, there would be riots in the streets! Love your work ! 👊🏼

[@angrydragon4574]

At this point, I think we'd just take it. You should see the way so many people make excuses for corporate pillaging from our pockets. It's sometimes hard for me to believe, and it gets to the point where you start believing you're the lunatic for pointing out the gains of the elites at our expense. Yes, there really are people wgo defend these institutionalized systems knowing full well that we're losing most of what we had simply because the other alternatives are worse. God help us.

[@justacasualgamer1957]

there *should* be riots for this

[@SpaceMarine500]

There should be ARMED INSURRECTION for this. Worldwide.

[@alexanderbankowski5617]

You must be new if you’re feeding into this fear mongering. Don’t spent your first bonus in once place & stick to cole haan shoes until you’re a senior. Also, stfu

[@georgeg2369]

@@alexanderbankowski5617 Gee youre clueless. You cant even understand lay concepts. Go back and read Rich Dad Poor Dad and call yourself a finance professional. Child.

[@ghosthunter7258]

Crazy how we still make 56k just like in the 60s and 70s

[@malnaai6467]

the irony of pointing out the flaws of the current financial system, only to suggest the people hand over thier crypto to some 3rd party so that they ultimately replicate the existing system... yeah i see how we gonna get outta this mess as a society...

[@angrydragon4574]

Technically, the thing with crypto is that it's decentralized (it runs off of everyone's participation in the network and doesn't rely on one person or group of people) and doesn't have policymakers determining the value. Crypto isn't fiat, but it (mostly) does not have any intrinsic value either (short of service-based cryptos IMO as those types of crypto do have their uses, like with payment processors).

[@perniciousseizurehellio3438]

@@angrydragon4574 that is bullshit crypto is just going to make it easier for elites to control the money supply

[@angrydragon4574]

@@perniciousseizurehellio3438 You clearly don't know what crypto is, so you?

[@perniciousseizurehellio3438]

@@angrydragon4574 I know enough to understand this whole crypto shit is a way to make it a whole lot easier for the elites to control us

[@Lime-ne3fd]

​@@angrydragon4574 Even if it is decentralized, a small number of wealthy people can still own most of it. You've only decentralized the creation of money, not its ownership

[@vectorhacker-r2]

As soon as I saw the title, I knew it had to do with the dollar being taken off the gold standard. Great piece.

[@glitchedgod]

Hey Jake this is cool but I often wished I could see sources and how you do the math. Could you provide those for us in the description?

[@nemanjacvjetkovic5583]

Look at description u have everything there

[@glitchedgod]

@@nemanjacvjetkovic5583 thanks! For those that missed it like me: kzbin.info?event=video_description&redir_token=QUFFLUhqa2tHdV91MW0wajQ1ZFFrWFBDM19reGNGZkliZ3xBQ3Jtc0tuNXo3bjQ3ZnVsNFpjQzNqVHBTbFUxT3VYdmtYN1VmREtjYmdLUk9ybnA5c2JiVmtCcFh2N3hYTmJaS1l3SkptUEg2aTBxMEpTRV9YTDJGZ0prVmFXaldkRE02b0xkam45c0lDWkF2bkhlUXZGN3pJaw&q=https%3A%2F%2Fbit.ly%2F31wixh4&v=XFShD7xGIe0&html_redirect=1

[@salqubeq5203]

Excellent summary. Short & sweet but still with details of timeline

[@ayikogodfrey1]

I'm one of the few Africans who really appreciate Jake Tran's content, more wins to you man.

[@jdmanhique]

How sure could you be 😂 I would say I relate, but I’m just gonna say I’m another African on the subscribers’ list

[@abdirahmanbadal781]

I am too,welcome.

[@bosanski_Cevap]

From which country are you? South africa?

[@albertmurove852]

we are here with you

[@marcelohendrix6139]

how are you certain that you one of the few africans that enjoy his content? how do you come to such a conclusion 😭

[@jdmanhique]

This video is amazing, I like your content, it’s teaching me a lot, and it’s verifying a lot of theories I only had in my head.

[@MichaelOblitey]

I watched this whole video without blinking. It's crazy why no one teaches this stuff, wonder why? The government does not want us to know these things!

[@th3omachos]

Thanks Jake for the calculations on the M1. It is incredible how this video actually teaches a solution to the problems it shows. Murray Rothbard's book "The Great Depression" swiftly explains the american (and british) governments tendencies towards inflation

[@StevenConstantine-fw2kn]

Legal organized crime

[@ryanr1945]

Love your content jake, some of the financials go over my head but I try to keep up. It's just scary how much evidence you find proving things many people suspect but can never prove.

[@gravemind3859]

0:32 When you said "We landed on the moon", the long pause had me waiting for you to say "Allegedly" lmao.

[@lanemoore6054]

You produce the videos i literally dream of. You answer questions i didnt know i had, thank you.

[@krisdavis602]

Misinformed you on a subject he doesn't understand.

[@ivylaa]

@@krisdavis602 ?

[@justa1guy5]

Just take time and do research. If only Google comes to your mind then you will get nowhere. Scrap the web, audiobook, articles, and whatever you find relevant. Finally, connect the dots and structure it. Voila

[@Canelo3]

‘The modern pleb is a debt slave, draped in Louis’…. Powerful

[@rocksolid6494]

Why must we pay taxes if they can print all the money they want?

[@MichaelOblitey]

That’s how greedy the government is smh 🤦🏿‍♂️

[@redpilljesus]

Because 0% of infinity is still 0.

[@user-bl9ey7lq4r]

They want us to pay taxes so we can keep working nonstop

[@teda6929]

Dude!! Do you get enough sleep? I feel like videos are releasing exponentially over time. Love you! Thanks for the videos as always.

[@FelixRealty]

This dude is on a mission. We must protect him at all cost. I just know america has sent fbi agents too keep an eye on jake

[@guillaumelandaburu1784]

The FBI agent is starting to get scared for his money now.

[@vulcans2658]

This whole video is a scam to get us into crypto

[@zaedis5629]

@@vulcans2658 Crypto isn't a scam, it's just something that has gained monetary value independent from any countries currency.

[@brianb6957]

As I've said before, remember who continues to support and maintain this fraudulent system.

[@Rizhiy13]

12:19 Not taking on debt, when you expect inflation is exactly the opposite of what you are supposed to do. If you expect high inflation you should take low interest debt and put it into real assets like real estate.

[@savage.4.24]

If you have money and home and job security then sure. But you could lose your job or if you are a landlord your tenant. Then what? Your mortgages are unpaid.

[@mellow5857]

Haven’t seen the clip yet but gotta say Jake ur amazing and the work u put in is so amazing. Just know that u are much appreciated by all your fans. S/o from Sweden 🙌

[@jdmanhique]

And some all the way in Mozambique

[@PG_P]

Crazy I was ab to make a similar comment. Only 2:57 in

[@paddaboi_]

@@jdmanhique southern African bro 💪🏼 I'm from South Africa 🇿🇦🇿🇦

[@jdmanhique]

@@paddaboi_ Mozambique here bro, azishe

[@HughJass-313]

10:27 During the fallout of the 2008 Mortgage Crisis, I came to the REALIZATION that the *30 Year Mortgage* was a SCAM... Thanks for confirming this sentiment. 🔥🔥🔥

[@fukyutube2279]

Larry Fink. Blackrock.

[@derekquintal]

Good work.

[@ThunderApache]

How do you manage to be this consistent in terms of frequency and timing? Seriously? Great.

[@imados21]

This really is one of the best channels on KZbin, from the editing to the script to the topics,I can‘t believe those documentaries are free Keep up the good work jake

[@7x779]

"The purpose of any bureaucracy is to ensure its future existence"

[@davidtia2]

Top class documentaries. Always intriguing..

[@AwokenEntertainment]

It's so scary that hardly anybody knows about this and history is looking like it's lining up to repeat itself but on an even larger scale than before... wow

[@utubenewb1265]

There's no "repeat" when it's just ongoing....

[@abum4595]

1971 wasn't the 1st time money became decoupled from gold. Countries went on and off the gold standard all the time in the 19th century.

[@angrydragon4574]

It was technically illegal to take off the gold standard as one was already written into the law of the land, the US Constitution. Another problem was that all the economy was also shipped to China at the same time.

[@abum4595]

@@angrydragon4574 That doesn't apply outside of the USA. Countries went off the gold standard in the great depression to stop deflation. Plus this graph of wages vs productivity does not apply outside of america either.

[@seneca983]

@@angrydragon4574 "It was technically illegal to take off the gold standard as one was already written into the law of the land, the US Constitution." What part of the constitution?

[@joeblow9657]

Britain hadn't been on the gold standard sine WW1

[@crazydinosaur8945]

@@abum4595 in this video humanity= the US if he's from the US i will say that am not actually surprised. The United States can be very self-centered we won WW2 we invented (insert thing invented outside the US) we are the most free etc

[@slitheryshrek436]

Kind of depressing that we create a government to serve us, and then we become stupid enough to let them "secretly" take our wealth away and redistribute it to the already wealthy few. America has not been America for a while now.

[@angrydragon4574]

This was done in complicity with the people who control the media. Control the media, control the flow of information. And when you do that, you can start selling narratives that people will have a hard time disproving. The internet changed all that.

[@soca9749]

Wages don’t go up ! Only prices go up SMH 🤦🏽‍♂️

[@pedroengelmann6798]

Imma be honest, while the topic is interesting the conclusion feels like one massive crypto chill.

[@Matanumi]

Probably....it has become a solid resource to hedge a bet against the dollar

[@moqqy]

yeah and why do you think crypto got REALLY popular at the same time the feds started the brrr machine.

[@akanetsukino9939]

@@Matanumi but now it's nothing but a gambling tool where rich people know how to manipulate the game. Bubbles after bubbles after bubbles with no progress

[@jesusrodirguez4891]

Exactly

[@Bigjunk9999]

If the economic ignorance in this video could be harnessed and converted to electricity it would end the world's demand for fossil fuels.

[@ThePcmacgamer]

Very interesting video! I knew that real wages had stagnated since the 70s, but had only heard of the labour surplus in the US (the US had always had a labour shortage before the 70s) and the diminishing power of the labour unions as reasons for this. Keep up the good work!

[@spudboyQ]

Great work.

[@anomynus]

That new number is higher because they changed what counts towards dollars in circulation, the massive spike was not a money printing event. A significant amount was still printed, but it's not 80%.

[@thomasmascari2453]

100% of dollars were created by the government and its agent, commerical banks. The hysteria makes no sense considering economies run on spending, gold standard or not.

[@IcedTeaPeach]

First channel I ever joined. I binged all your videos and love the content.

[@jaketran]

thank you!!

[@ivanpb1983]

I love that the synister music continues during the ad, so you can't tell if the crypto is part of the scheme that put us in this mess.

[@vadimnesen8060]

That's my worry. Is crypto really an "outsider".

[@tigorbattalion4889]

Gold is.

[@epicphailure88]

We'll never have a Star Trek like society because some people still want to play Monopoly.

[@OGDooshbagg]

"Slavery was never abolished. It was merely expanded to include all colors."

[@dimamatat5548]

Good. No discrimination.

[@saul5939]

@@dimamatat5548 the discrimination is your assets

[@sahilhossain8204]

The worst kind of slavery is the kind where a slave thinks it's free

[@SwiatRuin]

you think only one race was enslaved or what

[@hailtrow2815]

It is a moment of Cherishmenet when you see that Jake has picked some imp materials from the documentaries you have watched and liked👏👏👏

[@u1rtc7t5f64t157856v8]

pretty hilarious that Peter Thiel makes these points, while essentially being the posterboy of income inequality. To make the end of the gold standard the main reason of income inequality is a gross oversimplification at best.

[@bigbillhaywood1415]

For real...gold standard has gigantic problems. Falling rate of profit is far more important, neoliberalism, trickle down, wealth consolidation, debt peonage...

[@thotparnassus2617]

Good research and presentation

[@pola_behr]

fricken crazy how you're able to post this consistently, my guy. idk if you have a team working with you, but the quality of these vids are top-notch. very sexy video, Jake. keep up the great work

[@DesiScoop_]

Love your content it's intellectually stimulating

[@vorfour]

WHEN Jake Uploads I CLICK FAST

[@vorfour]

😂

[@neelamkumari1861]

you have 1K subs without content???

[@wumpkin8017]

me too

[@kylepatrickmurphy4058]

Great vids man!

[@elzorrodorado9057]

Finally 😆 I had waiting for this one for almost a year now best Christmas gift ever 😊 🙏 thank you so much Jake you're doing great work we look forward to seeing more and staying dangerous 😀

[@cr4ckp1dgeon]

"Don't go into debt" You literally can't do anything without going into debt unless you have rich parents lmao

[@vadimnesen8060]

What the heck dude. You work n save till you can buy a cheap car with cash and live in rent and there you go your debt free.

[@derchiongster8068]

@@vadimnesen8060 Cheap car = shit loads of problems and breakdowns. You'd probably have had 100,000 miles clocked on that thing.

[@vadimnesen8060]

@@derchiongster8068 not always. Gotta get something reliable. Corolla, camry, cicic,accord, parts are cheap if somethin breaks. No one saying its easy but its doable.

[@dnbhattacharya343]

11:42 They just changed the way M1 is calculated. They included bank deposits that year increasing the value abruptly. You should stick to M2 in order to measure money supply. Correct this. - A Macro Trader who actually has to deal with the data regularly

[@inspectorNo]

Noticed this as well. I have seen many “fiscal conservatives” use that chart in a dishonest or ignorant way and was sorry to see that repeated here. Makes you doubt everything else that is said in the video.

[@dnbhattacharya343]

@@inspectorNo I'm going to give him the benefit of the doubt here. Not too many people know about subtle intricacies in macro economic data. Regarding fiscal conservatives or MMT advocates, it doesn't matter. Most people on either side know nothing. Truth is a growing economy needs money printing to an extent. However, we have left that power in the hands of bureaucratic people with political motives. There is bound to be some problems and inefficiencies. Would going back on the Gold standard solve all our problems? Maybe. I wouldn't bet my rent money on it though.

[@raifij6698]

@@dnbhattacharya343 so what is the current increase of Percentage for US money circulation in M2

[@cssensei610]

"changing" the calculation/threshold for pushing a "narrative" does not change the absolute numbers. You statement implies--that based on the "previous" M1 calculation--Jake's statement is true, which is absolutely horrifying!

[@dnbhattacharya343]

@@cssensei610 M1 didn't include Bank Deposits prior to April 2020. M2 has always included Bank Deposits. If you check both the time series, M2 doesn't show an abrupt jump where M1 does in April-May 2020. Hence, what Jake is saying is uninformed. M2 already includes M1. Hence, it is a better measure for money supply.

[@sunayakong8537]

Very informative video.

[@Johnny.Revolution]

80%! I love your videos but that last statement of us being robbed like a thief in the night made me have mixed feelings of depression but also motivation.. I’m not spending 60 years to pay off my house or working harder than any other previous generation just to buy groceries .. out here in California wage prices have gone up but so has everything else .. an apartment is ridiculously priced in bad areas and newly constructed has began to start in the 600’s. I’m a man of value and I just can’t see the value in these homes but they’re being bought so fast you basically have no choice because it’s now the new normal

[@angrydragon4574]

Think about this - in the 60s you could pay off your house in under 6 years, or less if you wanted to work extra. Nowadays you have to work two jobs just to qualify for a renting agreement. The idea I have is that we should go back to the purchasing power and wages of the 1960s (with total adjustments for inflation and NOT the cooked books standards they use) and set that as a minimum standard for employees in the US. But I don't think we're going to be able to do this unless we can somehow get a majority to agree... But that's looking like it's not going to happen.

[@ZetaMoolah]

@@angrydragon4574 too many folks both rich and poor will oppose this

[@WeeklyTubeShow2]

12:12 onward seriously?

[@commonwombat-h6r]

the gold standard has major issues with liquidity. And we all know how well that went during the Great Depression

[@angrydragon4574]

Those were likely shenanigans due in large part to fractional reserve banking.

[@thomasmascari2453]

Gold standards do not work. This KZbinr failed to point out the Bretton woods capital controls that ended, which put power back in the hands of corporations.

[@rcrbrewster7840]

AMAZING Video 👍🏻👍🏻👍🏻