End Of The Road: How Money Became Worthless | Finance Documentary

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Moconomy

Moconomy

Күн бұрын

End Of The Road: How Money Became Worthless - Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster? End of the Road is a documentary that chronicles the global financial collapse.
End Of The Road: How Money Became Worthless (2012)
Director: Tim Delmastro
Writers: Jason Spencer, Tim Delmastro
Stars: Adam Fergusson, G. Edward Griffin, Mike Maloney
Genre: Documentary
Country: Australia
Language: English
Release Date: 18 August 2012 (USA)
Also Known As: Χρήμα χωρίς αξία
Filming Locations: USA
Storyline:
Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster? End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all. Some of the world's top economic minds share the hidden tale behind the mishandling of the world's finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe, as well as sharing their own personal advice on how the average person can best prepare for their financial future.
Review:
"Some people apparently wrote some negative reviews about this documentary. They mention that the documentary is about propaganda from "neo-cons" and "gold dealers". This is a lie, the documentary interviews people who understand the situation and many of the people interviewed predicted economic events, because they understood the reasons.
The left wing propagandists writing these negative reviews do not like these facts because they are critical of big government and central planning.
The documentary contains some great information and is highly recommended if you want to learn more about the real economy. 8/10" Written by dbb79 on IMDb.com
"It was interesting. Currency is so abstract and this and the '08 free fall illustrates just how convoluted it's become. I'm not sure 'ponzi scheme' is the best analogy for the global finance situation we're in. A single investment scheme and world markets regulated or controlled by governments are very different beasts. Every recession or depression brings inflation. Only time will tell how much. I'm skeptical about the insistence that gold is still the most real money. I'm no expert but it seems we've moved too far beyond that. I just wonder with the CEO of a gold selling website going on and on about it, that there's a conflict of interest and they may be inflating things to drum up gold sales. If I had money to save I might consider some gold just in case, to diversify. But if you have a gold bar and the economy completely tanks, I don't think there's much good that bar will do. It's not going to buy food." Written by miko-526-390895 on IMDb.com
Also Known As (AKA)
(original title) End of the Road: How Money Became Worthless
Greece Χρήμα χωρίς αξία
UK End of the Road: How Money Became Worthless
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Пікірлер: 286
@MrRozayyy
@MrRozayyy 18 күн бұрын
It’s crazy this doc was made years ago and nothing has changed. In fact its gotten worse.
@davidkim9898
@davidkim9898 18 күн бұрын
😩been feeling uneasy about this. Hard to have the idea of kids. Corruption is ruining this beautiful country
@darshanpatel9006
@darshanpatel9006 14 күн бұрын
Change 'doc' to 'dollars'
@J_vaskez
@J_vaskez 11 күн бұрын
It was made years ago and everything they said is becoming reality! Scary shizzzzz
@Clintsessentials
@Clintsessentials 11 күн бұрын
​@@davidkim9898💯
@zacharywatson5667
@zacharywatson5667 10 күн бұрын
Buy Bitcoin
@Lowery999
@Lowery999 9 күн бұрын
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
@AsandeMonwabisizondi
@AsandeMonwabisizondi 8 күн бұрын
people calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
@timcoady7095
@timcoady7095 8 күн бұрын
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..
@Lowery999
@Lowery999 8 күн бұрын
Well Tim , my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.
@timcoady7095
@timcoady7095 8 күн бұрын
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
@timcoady7095
@timcoady7095 8 күн бұрын
add Gold and silver as well.
@usercornpop
@usercornpop 18 күн бұрын
It's not just the American dollar people have lost confidence in. I have no confidence in any American institution currently.
@dogrudiyosun
@dogrudiyosun 14 күн бұрын
Why? Because youre still alive against all this shit? You should be respectful to them for being able to keep the system alive.
@LongDefiant
@LongDefiant 14 күн бұрын
​@@dogrudiyosuneverything is based on the profit motive now. There's no social contract, no shared values.
@ThePresentation010
@ThePresentation010 14 күн бұрын
Democrats are in control of everything. And they're leading the US into feudalism
@dogrudiyosun
@dogrudiyosun 13 күн бұрын
@@LongDefiant dude im turkish, my country is being governed by a gladio since 1945, guess who their master is. So you should assume yourselves best of the bad.
@marvinbrando722
@marvinbrando722 11 күн бұрын
Me, too.
@aubreyrobin
@aubreyrobin 17 күн бұрын
This video needs more attention
@jamesmace47
@jamesmace47 9 күн бұрын
No it doesn’t because the less that people know the better off we will be. Stay ahead of the curve
@Lucygil9
@Lucygil9 20 күн бұрын
haha this is over 10 years old , imagine if they knew that today the US has 35 trilion in debt 🤣🤣
@NEOyallahbb
@NEOyallahbb 20 күн бұрын
Yeah exactly... Or if Peter would have bought bitcoin... 😅
@bonnielinder9516
@bonnielinder9516 15 күн бұрын
They knew it when they created it.
@brucey5585
@brucey5585 12 күн бұрын
Don't worry.😂 next year 38 trillion. In 10 years we will be at 60 trillion.
@jacktsai7165
@jacktsai7165 11 күн бұрын
Will be 60 trillion when I'm a dad
@user-bg2gh6ty2b
@user-bg2gh6ty2b 9 күн бұрын
​​@@jacktsai7165do you kids a favor and don't have them😂 that dollar crashes the whole world is gonna go nuts
@user-ox5br8bg2t
@user-ox5br8bg2t 11 күн бұрын
Whats crazy is that we the people allow this to continue to happen
@Gojiraa666
@Gojiraa666 14 күн бұрын
One could argue this started with the creation of the federal reserve act by congress in 1913.
@jennifersmall4027
@jennifersmall4027 12 күн бұрын
And went into hyperdrive after the assassination of JFK.
@Gojiraa666
@Gojiraa666 12 күн бұрын
@@jennifersmall4027 hyperdrive may almost be an understatement at this point 😂
@NEOyallahbb
@NEOyallahbb 11 күн бұрын
@@Gojiraa666 and the passage of the sixteenth amendment
@NEOyallahbb
@NEOyallahbb 11 күн бұрын
Same year. Both in 1913
@davidmichael9275
@davidmichael9275 11 күн бұрын
The Creature from Jekyll Island
@lannybrasher2452
@lannybrasher2452 8 күн бұрын
In the end. No currency will matter. You'll either have food and shelter or nothing.😢
@Entre1099
@Entre1099 10 күн бұрын
This video has got to be sidelined... It’s no way it’s only ~78k view after 9 days. But then again, at 53min, most people now can’t focus for more than 2min. Thank you for taking the time to put this together.
@generaltony4042
@generaltony4042 18 күн бұрын
Trust on your physical Gold. !!!!!
@MrLasox
@MrLasox 12 күн бұрын
We have no guarantee that the federal reserve or any other would take them away from you. If they wan't too reset the button they are most likely going too be stealing whatever you have. Gold, silver or whatever it is they are going too combine their currency with. But, personally i have some silver and i am going too be buying some gold also anyway. Because it's going too be very expensive in the future when the the world globe currencies are collapsing due too higher and higher inflation making having some money worth nothing.
@50_Pence
@50_Pence 9 күн бұрын
in 1880 aluminium was as expensive as silver
@TheMatrixElect
@TheMatrixElect 20 күн бұрын
Crash the economy. Back to Gold Standard.
@rowan_menezes
@rowan_menezes 20 күн бұрын
21st Century will be the start of the Bitcoin Standard.
@Lucygil9
@Lucygil9 20 күн бұрын
@@rowan_menezes Bitcoin has the same problem as all other Fiat currency , it is based on nothing .
@TheDavidlloydjones
@TheDavidlloydjones 20 күн бұрын
Forget gold. Use something with lasting value: chocolate, or strawberries and cream.
@gregorylyon1004
@gregorylyon1004 20 күн бұрын
This nation does not have enough gold to back the US dollar
@chrisbarbera4121
@chrisbarbera4121 20 күн бұрын
You apparently ain't smart cuz were not going back to the gold standard moron. Crash the economy you are stupid. That's not going to anything dumbass.
@maxcoone
@maxcoone 13 күн бұрын
I would say this is the best documentary on KZbin!
@Moconomy
@Moconomy 13 күн бұрын
❤️🎬
@Shane-dq7ls
@Shane-dq7ls 9 күн бұрын
The only problem with gold is that when we start mining astroids (15-20 years) we're going to get more than ×100 the amount of gold we have found on earth, every year. Along with diamonds and other valuable metals the price is going to plummet to worthlessness.
@NightshiftCustom
@NightshiftCustom 6 күн бұрын
No as it will cost 100x more to get it and we will not have any left here
@swedishsteelgaming3353
@swedishsteelgaming3353 4 күн бұрын
@@Shane-dq7ls the have inflated gold in decades so if u but now and wait, i promice it will go up more the Bitcoin
@hectorpena5194
@hectorpena5194 11 күн бұрын
From the DR 🇩🇴 I am extremely thankful 🙏 thank you all for this documentary
@shadowdancertheredmage6798
@shadowdancertheredmage6798 14 күн бұрын
Grow a garden, make products with your own hands, and trade in your own community ... Everything beyond that is thin, cracking ice.
@CR7GOATofFootball
@CR7GOATofFootball 11 күн бұрын
Nope. 1 word. Gold.
@williamhenry3337
@williamhenry3337 20 күн бұрын
I wish ALL PODCASTS would put dates on their podcasts so we would know if is current Aug 2024 or produced 1987 (I see charts 2000 - 2011).
@PeterParker-wj3cr
@PeterParker-wj3cr 20 күн бұрын
lol..i would agree! Not sure how old this doc is. However, the message remains the same. Everything discussed in this documentary is still relevant today. Nothing has changed.
@50pence59
@50pence59 20 күн бұрын
I’m guessing 2011. Age of the speakers. They said 40 years ago re. Nixon
@wilsonvinas5906
@wilsonvinas5906 14 күн бұрын
I simple Google search solves your issue
@GanjaGardner
@GanjaGardner 18 күн бұрын
Always a good watch but old from 2012, do we have any recently produced pieces like this, since so much has happened over the decade.
@valoriethechemist
@valoriethechemist 15 күн бұрын
Yes, many, but it's basically all the same story.
@robertplatte5700
@robertplatte5700 10 күн бұрын
so much has happened but not much has changed since 2012, anything new produced today would use this doco as reference, I learned about this in 2005/6. not much has changed apart from the level of debt
@wikileaks4341
@wikileaks4341 16 күн бұрын
One group of people behind all chaos and money frauds.
@VDP207
@VDP207 14 күн бұрын
I remember reading my Eco 101 college textbook and when they got to the part about dropping the gold standard I had to re-read the paragraph. I thought to myself, "that cant be a good." I was anticipating the subsequent paragraphs to relieve my concern with an explanation. Nope. The authors dedicated just one paragraph to this in the entire textbook.
@introspect9906
@introspect9906 14 күн бұрын
I took this class as well and when I read “The dollar bill is a currency soley backed from faith and trust alone and nothing else” I was telling my family who are 14+ years older than me, and they said “thats not true its back by gold (Gold Standard) I realized that all it will take for this country to fall or switch to another currency is another Generation to come in and one generation to die off. Roman empire tried fiat currency, the way they devalued their currency was by mixing silver with their bronze to be able to forge more money supply to their people. History doesn’t necessarily repeat itself but it rhymes my friend. Stay safe.
@CR7GOATofFootball
@CR7GOATofFootball 11 күн бұрын
​@@introspect9906 Exactly. It caused Rome to collapse. It could cause the US to fall if nothing is done.
@mfmcintyre
@mfmcintyre 18 күн бұрын
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto
@csy7373
@csy7373 5 күн бұрын
very insightful. thanks!
@chadamongmen5223
@chadamongmen5223 10 күн бұрын
Gold standard is great because someone shilling it is an instant tell they don't understand value, physics, or countless other things. Not a single one of them has ever paused long enough to ask what backs the backing
@crazybeartimba
@crazybeartimba 16 күн бұрын
Bitcoin!
@davidmichael9275
@davidmichael9275 11 күн бұрын
Bitcoin is an NSA project bro
@swedishsteelgaming3353
@swedishsteelgaming3353 4 күн бұрын
@@crazybeartimba sadly Bitcoin is like a painting, its good for value but not useful as a commodity for day to day basis trades and shops. Banks wont alow that infrastructure because they cant control it.
@swedishsteelgaming3353
@swedishsteelgaming3353 15 күн бұрын
U should do a documentary on who set up this system. U can start at BIS and why BIS had private investors until 2001. And why some persons have the monoply to put the worth of gold in 70+ years, possibly inflating or deflating gold market as they wanted.
@troygarza5720
@troygarza5720 14 күн бұрын
It's crazy how this video has aged in 2024.
@Branch7ShuZhi
@Branch7ShuZhi 7 күн бұрын
Professor Jeffrey Sachs should be included in the interview for his opinion to make this video credible.
@joeykitty2892
@joeykitty2892 15 күн бұрын
Presidents after Nixon had a chance to reverse the removal of "gold standard." Now, we will inherit the financial whirlwind!
@sneakyninja5802
@sneakyninja5802 20 күн бұрын
Buy BTC. Don't engage in needless consumerism. Become a minimalist. Support small businesses.
@rtsp
@rtsp 20 күн бұрын
Another ponzi scheme.
@kyleo3614
@kyleo3614 19 күн бұрын
buy actual gold. If the economy goes to crap and the dollar actually becomes worthless, the grid wont power the computers to use fake crypto money.
@dogrudiyosun
@dogrudiyosun 14 күн бұрын
Up
@rdj127
@rdj127 12 күн бұрын
U dont understand blockchain son bitcoin is also valued if so.ebody is willing to pay dollar on it , it😂😂 blockahin is decentarlized system built for immutability of data and non centralizing it and history for audit not pfr currency trading
@sneakyninja5802
@sneakyninja5802 12 күн бұрын
@@rdj127 Learn to spell
@robdeskrd
@robdeskrd 17 күн бұрын
Shiny metal is no proper basis for a currency. Money is not what you hold in your hand: its an idea, its an exchange medium and cannot be extrapolated away from the real wealth it represents. There is not substance possessing a special intrinsic economic value because there is no special intrinsic economic value particle- economic value is not a fundamental force, its just a derivative of an idea we made up, property...... these ideas can be useful but they arent real the way gravity is real, dont forget if these ideas arent solving problems we can employ other ideas.
@antoniahowarth-wass5001
@antoniahowarth-wass5001 11 күн бұрын
Incredible. It's just so true.
@justjackman
@justjackman 13 күн бұрын
Is it me or is this made by the gold industry?
@JamesCat-qx6sb
@JamesCat-qx6sb 17 күн бұрын
I began amassing the PMs a few years ago. Not to make money but to have money 😊
@hugheswhiteman1674
@hugheswhiteman1674 13 күн бұрын
Back to gold? Sounds good.
@brunorege1742
@brunorege1742 14 күн бұрын
Cool
@Moconomy
@Moconomy 13 күн бұрын
🎬❤️
@jessewatkins6151
@jessewatkins6151 15 күн бұрын
Ive been stacking at 1 oz gold to 50 oz silver haha, and im almost done with my current oz of gold, silver is much nicer and more fun to stake than gold, but looking at my gold i can just feel it worth and power.
@valoriethechemist
@valoriethechemist 15 күн бұрын
"ALL CURRENCIES ARE NOTHING BUT DEBT FOR THE SOLE PURPOSE OF CREATING MORE DEBT." The game changed and we did nothing to even acknowledge it happening. Since 1946, the debt to no debt ratio of currency has slowly evaporated. Today, less than 0.8% of currency is non debt based. The inequality of financial backgrounds and markets is deeply rooted in such factors. Your dollar is worth less than a penny while the largest debt creating entities have a value in terms of goods, services and freedom they can afford that is 3x the value of the debt it creates. The solution to ending such a system and inequality is to invest in public projects with currency that is entirely non debt based and unable to be debt based which would eventually switch the entire world economy to a non debt based system.
@absolutepowerchannel8980
@absolutepowerchannel8980 19 күн бұрын
It's cool when the government does it. It's a problem when I do it
@nawafibra8568
@nawafibra8568 18 күн бұрын
العملات الوطنية هي بدائل نقود
@janetmalcolm3403
@janetmalcolm3403 13 күн бұрын
This must be right after the Lehman Brothers? Imagine how much worse things are after the end of the petrol-dollar. Now, gold-backed currencies are back. Sad for the middle class for they will be hit the hardest. 😢
@SBK_Sound
@SBK_Sound 20 күн бұрын
29:35 ... or it could be something like high inflation causing the interests rates to go up, leading to overbought bonds inverting the yield curve, the japan carry trade unwind, endless wars in ukraine and middle east further destabilizing the world economy which leads countries to bail on the dollar and turn to brics.... leading to cutting interest rates, leading to a market crash a hyperinflation ;)
@maxmentone5373
@maxmentone5373 15 күн бұрын
The USA might want to back up the dollar with oil, thus all these advances
@perthmadbloke
@perthmadbloke 16 күн бұрын
Bitcoin is the future!
@michaelbryant2071
@michaelbryant2071 11 сағат бұрын
The problem is almost everyone of these commentators is an investment banker or an economist who advise these same financial communities. It's the only game in town. Don't blame individual Americans for getting social security or seeking medical care. At least they contribute and pay for these programs.
@rc123theycallme
@rc123theycallme 13 күн бұрын
When I invaded Iraq there was fiat currency blowing in the streets like leaves in autumn. If it isn’t a post-apocalyptic asset, accessible without power grid, then it’s worthless…
@001-IGNIS
@001-IGNIS 12 күн бұрын
BTC fixes this
@noahlamoureaux6462
@noahlamoureaux6462 7 күн бұрын
It's a good thing we got off the gold standard because that would have caused deflation. The federal government doesn't need to take out loans. All they have to do is nationalize the Federal Reserve or reverse it so that the Federal Reserve issues bonds to the Treasury and pays back the Treasury. Those funds are then used to finance the government. Most of our debt is owed to ourselves through the Federal Reserve or the government, which they could just cancel out. The government doesn't even have to issue bonds; it's just a safe investment for private individuals, governments, and corporations.
@BraunRob
@BraunRob 18 күн бұрын
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
@PSELMASTER
@PSELMASTER 9 күн бұрын
This video was reuploaded, why? o,o?
@johnsmith-ol9qj
@johnsmith-ol9qj 6 күн бұрын
Instead of ending the war and stopping deficit spending they decided to just shunt responsibility
@davidwilkie9551
@davidwilkie9551 8 күн бұрын
As is discussed here, money is not financial because the temporary medium of measured exchange is not how the value of measurement dimensionality is defined and money in bank is next to nothing of value without a living system attached. Individuals make the mistake of thinking that way, in a personal equivalent of the Ponzi Scheme, a "fractal" cog in the big wheels.
@tohkianhoe2592
@tohkianhoe2592 15 күн бұрын
USA has to wake up and save herself, figure out what is going, not more dreaming.
@nanchoparty
@nanchoparty 3 күн бұрын
$1 = $0 🤯
@mariasingh7438
@mariasingh7438 19 күн бұрын
It’s a race to the bottom by all governments….no mention of the much increased govt civil servants on the national payroll all doing nothing but fulfilling the so called improved service delivery, further driving the debt issue
@valoriethechemist
@valoriethechemist 15 күн бұрын
That literally isn't the manner in which currency becomes debt. The entire concept of labor has been hijacked by the concept that labor is essentially slavery without the whip under a debt based system. To blame any labor market sector is just not valid. The currency they're being paid is nothing but debt, an illusion of accounting that means nothing except what the entities creating the most debt says it does.
@Myscentsei
@Myscentsei 14 күн бұрын
Cantillon 2.0
@BureaucracyWorld
@BureaucracyWorld 13 күн бұрын
You can't go back and buy gold, if you wanted it to. There is no gold left. Chinese and Russian have been buying them since 1984. Their currencies have been tied to gold ever since.
@lc1668
@lc1668 10 күн бұрын
Why bother to sell Bond? Remove FED, replacing by a government organization called money printing office. This saves billions.
@martynfenton3814
@martynfenton3814 11 күн бұрын
Just about to watch this despite the poor title. Money, real money(Gold) can never become worthless. Only credit like fiat currency can lose purchase power
@jasonmabie1770
@jasonmabie1770 14 күн бұрын
Didn’t he just say it was only going to be temporary in the speech how come nobody’s argued that just curious
@yrp237
@yrp237 2 күн бұрын
All politicians say bs things like "its only temporary" but it became obviously quickly that going back on the gold standard was impossible so everyone just kept playing along with the charade. There was no other better option till Jan 3, 2009. But now we have a solution and it won't be gold that we move too because the same issues with trust remain- they can sell you gold certificates that are once again not actually backed by real gold in a vault somewhere and you can never verify it. But with Bitcoin, you can both verify it's total as well as hold it yourself and not need banks. You can then send/spend it person to person or business to business and our money will once again be backed by something that took work to produce. We are ready for the global currency crises.
@rezarayman
@rezarayman 19 күн бұрын
This is actually a vote for BTC under current global macro & geo-political circumstances. The tech has proven itself. Processing higher value of transactions than visa & mastercard.
@Vinnytint2
@Vinnytint2 17 күн бұрын
Exactly . I like when he said it’s impossible to move people their gold . BOOM BITCOIN
@Vinnytint2
@Vinnytint2 17 күн бұрын
But Kaspa is the perfect money
@BrigetteWaltershield
@BrigetteWaltershield 18 күн бұрын
The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😂
@MarcelinePancoast
@MarcelinePancoast 18 күн бұрын
I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matterss
@Luanne-m7q
@Luanne-m7q 18 күн бұрын
Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments.
@CamdenVanderlaan
@CamdenVanderlaan 18 күн бұрын
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@Luanne-m7q
@Luanne-m7q 18 күн бұрын
I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@FarrahHurwitz
@FarrahHurwitz 18 күн бұрын
ok thnks
@xrusous
@xrusous 12 күн бұрын
2500 devided by 35 equals 71. The buying power of US dollar today is 71th of what it had in 1944.
@kalfunai
@kalfunai 9 күн бұрын
what happens if the current system fail and we go back to the gold?
@swami91
@swami91 10 күн бұрын
there are too many dooms day predictions in youtube over decades. Even this is in 2012. Now 2024 nothing happened yet..
@miketodd8233
@miketodd8233 10 күн бұрын
😂😂😂
@sandydixson7999
@sandydixson7999 16 күн бұрын
Let's start with the fact that we the people are not responsible for how government employees and elected officials spend money just because we the people met our obligations to our terms of employment We the people are not responsible for Wall Street investors private profits gains and losses We the people are not responsible for anyone's debt If you have debt then You have no money No Democrat or Republican speaks for America
@valoriethechemist
@valoriethechemist 15 күн бұрын
That's just not what's occurring and public spending is specifically our way out of such debt. A non debt based public sector project that benefits the people to eliminate the debt based system is the only solution.
@CR7GOATofFootball
@CR7GOATofFootball 11 күн бұрын
​@@valoriethechemist The biggest issue with your statement is that once life becomes good, people begin to take on debt again. Humanity never learns.
@jennifersmall4027
@jennifersmall4027 12 күн бұрын
I'm struck by how all these problems begin with the debt accrued from LBJ's Great Society and Vietnam War escalation. If JFK had not been assassinated, these tragedies, and all that followed, could have been avoided.
@nlsnivan
@nlsnivan 18 күн бұрын
The FR doesn’t print money.
@jimcroft21
@jimcroft21 18 күн бұрын
They do digitally…
@azael831
@azael831 Күн бұрын
Im amazed this piece of paper can purchase a computer that took a team of engineers years to develop, wait till they figure it out. Dont get me started on credit cards.
@josim
@josim 11 күн бұрын
The thing is when these idiots rip it up and start again the new system will still be stacked against us unless we withdraw our service from their corrupt system and start working for each other.
@yrp237
@yrp237 2 күн бұрын
Bitcoin is ready for the global currency crises. You can hold it yourself, you dont need a bank. Its quantity can be verified, its already digital and its ready for prime time when needed. The bitcoin networks which is global will allow you to send/spend person to person; business to business or country to country 24/7 and transactions cannot be stopped.
@thanhhuynguyen5925
@thanhhuynguyen5925 Күн бұрын
Another scam.
@yrp237
@yrp237 Күн бұрын
@@thanhhuynguyen5925 Don't say you weren't warned.
@DuckiesDad08
@DuckiesDad08 11 күн бұрын
I love how the guys right before and after 22:55 completely gloss over the role of greed in inflation and poverty. The guy after blaming the poor, who are poor because of greed inherent to our flawed economic system, for needing assistance is either evil of dangerous ignorance. It’s gross. Capitalist brain ish.
@hammerdownfpv6351
@hammerdownfpv6351 4 сағат бұрын
Nobody wants stuff. They want comfort
@ArnaudJoakim
@ArnaudJoakim 15 күн бұрын
They love gold a little too much in this video...
@hammerdownfpv6351
@hammerdownfpv6351 4 сағат бұрын
U can't. Who won't take it
@jigargandhi1654
@jigargandhi1654 15 күн бұрын
US govt should start selling off their gold reserves, oil reserves to earn forex and payoff loans
@Justin-l2j
@Justin-l2j 6 күн бұрын
money decides over your lifespan to a certain extent
@motofishinph4138
@motofishinph4138 12 күн бұрын
Also drug cartels used dollar and huge of some are lost and govt cant locate it.
@fadhildaengnaba9682
@fadhildaengnaba9682 7 күн бұрын
its not kicking can down the road anymore, its pepsimen get crushed by giant can
@phillipwright4518
@phillipwright4518 4 күн бұрын
I would rather have bitcoin scarce asset
@Aryvrt
@Aryvrt 18 күн бұрын
If nations can loan money then they can take back the money as well
@azael831
@azael831 Күн бұрын
BRICS caught on to this
@vilhelmetgamez
@vilhelmetgamez 6 күн бұрын
The government can put themselves into as much debt as they want, but we cant lol.
@iscotwori6905
@iscotwori6905 20 күн бұрын
If 40/50 yrs has brought us here l don't want to imagine what might happen in the next 50 yrs.
@gregorylyon1004
@gregorylyon1004 20 күн бұрын
By then money will be wallpaper
@absolutepowerchannel8980
@absolutepowerchannel8980 19 күн бұрын
Can you imagine? 50,000 dollar average rent. Hahahahahaha. Humanity is stupid as fuck. Hate it here
@shanejones578
@shanejones578 18 күн бұрын
Look at the 1600s for reference; very ugly time period for the globe indeed.
@sandeeptamling666
@sandeeptamling666 2 күн бұрын
If fiat money is paper Crypto is air.
@tomcop668
@tomcop668 16 күн бұрын
Worthless? Yet the 1% keep hoarding it. #LearnMMT
@brad9529
@brad9529 10 күн бұрын
A lot of this information is no longer relevant and has already proven wrong.
@alexb8926
@alexb8926 9 күн бұрын
Not true, it comes in cycles it has happened in the past and in the near future
@CollDott
@CollDott 15 күн бұрын
Skills are the only worth!! Nothing else!!
@lovepreetkahlon2913
@lovepreetkahlon2913 7 күн бұрын
Bitcoin & gold
@123canalis
@123canalis 12 күн бұрын
Who had gotten hold of the gold ? I didnt understand ..Why is a dollar backed by gold better ..what is backing gold ?
@NightshiftCustom
@NightshiftCustom 6 күн бұрын
It is rare and needed for everything in today's world
@540Abd
@540Abd 17 күн бұрын
Gold is perfectly useless to be money and still hold value because of its limited usefulness. I prefer silver because it has the same monetary properties as gold but is consumed way faster by manufacturing but there's not really enough for silver to be monitised in a bi-metalic standard
@eddiet2602
@eddiet2602 17 күн бұрын
Interesting. I was told this years ago. Can elaborate a little more ?
@540Abd
@540Abd 16 күн бұрын
@@eddiet2602 gold only has limited use in manufacturing and dentistry it's best used to store in vaults or be made into jewelry, silver has all of those aspects but is used in hundreds of different applications so much so it's called an industrial metal instead so I'd rather hold the metal that gets used up way faster because I see it as being more valuable due to how many uses it has.
@valoriethechemist
@valoriethechemist 15 күн бұрын
That's misunderstanding what gold was used for in currency. The idea of "worth its weight in gold" is where it originates. Gold was simply the means by which barter economies established values of goods and services. Tying a currency to it just meant you didn't need to carry the weight around. So regardless of the metal, the concept is the same... it's a means of exchange of real goods and services. A FIAT currency ignores that goods and services can be limited and instead forces debt to be the entire systems focus. This currency doesn't deal in real values of goods and services but instead maximizes the amount of debt. And that's true of having gold silver or whatever else. If the entire economy is debt (and it is) then the value of such metals is irrelevant to such a system. Gold purchase? You created and traded debt. Silver? Same thing. Good? Same. Car? Same. The true escape isn't switching back to a system of metal exchange but a non debt based currency.
@Nickyb40
@Nickyb40 17 күн бұрын
If your not hoarding gold your already behind
@AdamEuroS
@AdamEuroS 10 күн бұрын
Debt is good, debt equals more slaves.
@gerardvriend729
@gerardvriend729 7 күн бұрын
Nonsens, the problem is that 1% of the people have 70% of all currency and they will lose it all! People have limited amounts, they trade in other ways. Goldmining will be popular!
@tEqUiko
@tEqUiko 20 күн бұрын
Good without gold no computers or this phone watching this video at this moment and time 5:45
@tEqUiko
@tEqUiko 20 күн бұрын
😢😮😅😂 lol
@sanjeevkulkarni4923
@sanjeevkulkarni4923 9 күн бұрын
Money has to be necessarily worthless. Or it is barter exchange. Value of gold is only imaginary. Gold is the most useless metal. Currency backed by gold is just artificially fixing gold price. Common people are being fooled in the name of gold backed currency.
@gregorylyon1004
@gregorylyon1004 20 күн бұрын
Nixon ended the gold standard because our federal reserve does not have enough gold available to back it's own currency. That's why
@renz758
@renz758 19 күн бұрын
Rotchild take all gold deposit
@shanejones578
@shanejones578 18 күн бұрын
It all was stolen in 1933 by threat of 10 years in fed prison and 500 oz fine. Then they overspent for 30 years and there was no gold when countries starting calling asking for their gold back, we said no more gold dollars. And the world’s money became fake that day… we had “everybody’s” gold… we forced them to go bankrupt too at that same moment
@kalfunai
@kalfunai 9 күн бұрын
if i had money i would use it to buy just gold only no dollars.
@justletmepostthis276
@justletmepostthis276 20 күн бұрын
@6:50 "Good times bad times, always run a deficit." There were no good times, and some People of Wealth made THEIR families Richer because they live in multiple countries and agencies via Internal and External Corruption. My view anyways.
@absolutepowerchannel8980
@absolutepowerchannel8980 19 күн бұрын
17:35
@ornyalcaraz1000
@ornyalcaraz1000 17 күн бұрын
RIPPLE CAN SOLVE THIS...
@bobnob4393
@bobnob4393 9 күн бұрын
August 15th 1971, the day America robbed the world
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