We Are Living Through The Scariest Economic Experiment In History Right Now...And No One Knows It

Many countries around the world have, on paper...seemingly recovered from the economic collapse that occurred last year.
Unemployment rates are getting closer to normal, the number of business bankruptcies has hit a 2 year low, and the stock market is at an all time high?
On the surface, this seems great. But in reality, we are actually going through the biggest and scariest economic experiment in history. An experiment which could help bring us into a golden age of a new kind of economy...or it could bring us into a new dark age that the world has never seen before.
In the 7th century in China, copper coins were used as the main currency for chinese merchants. But these merchants at the time, began running into a problem.
You see, these coins were quite heavy and many of them could be used for a single transaction, which was quite inconvenient for carrying around a city.
So to combat this problem, Chinese merchants came up with the idea. What if they just deposited these heavy coins with a person or business, and received a piece of paper called, a promissory note, or banknote, in return? That way merchants would not have to carry around large amounts of heavy coins all day, and they can be safely stored at a single location.
And thus the primitive form of paper money was born, and was implemented throughout the currency system in China.
After a few centuries of using this type of currency system, the Chinese government noticed something strange.You see, a copper shortage caused the government to issue more of these promissory notes and less copper coins.
And during this time, the government saw a massive boost to its economy, allowing for the government to spend more on things like military and infrastructure.
So, they ran an economic experiment that would become very important to what we are experiencing today.
The chinese government declared that their new form of paper currency, was considered a public monopoly owned by the government. This allowed the ancient chinese government to completely control its own currency.
And for a couple hundred years, the governments ability to print money on command, and control inflation, worked well. But little did they know, a global threat was emerging out of central asia, that would change the course of history.
A man named Temujin had recently united the Mongol Tribes in the year 1206, and then became known as Genghis Khan. He soon launched the largest military conquest in human history, with his successors eventually taking over China and forming the yuan dynasty in 1271.
During the Yuan Dynasty, the newly formed Chinese/Mongol government wanted to keep spending government money to further fund their conquests. But instead of limiting their spending, or worrying about their government debt, they decided to just manufacture more and more paper money, in order to fund their military campaigns. They figured that because they were the government and had a public monopoly on its currency, they could do whatever they wanted with little or no repercussions. So they essentially revamped their paper money, turned it into the worlds first fiat currency, and started running their empire on a completely new economic theory.
And for a little while it worked.
But after years war in Japan, Vietnam, Burma, and Java, and years of ignoring debt and inflation, the economy of the Yuan Dynasty began to collapse.
Inflation rose to 80% in the early 1300’s, their was a severe debt crisis, the population became impoverished within the span of about 5 years, and the governments theory on how printing money could solve their economic problems came crashing down.
And it was this economic downfall combined with the governments inability to help its people after several natural disasters, that led to the collapse of the yuan dynasty in 1370.
And that brings us to today. You see, as we all know, governments around the world have compiled record levels of debt in order to keep their economies afloat during the pandemic. They have also printed money at not only record levels, but levels that are comparable to that of the yuan dynasty in the early 1300’s.
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[@JackChappleShow]

Hey Everyone. I got a lot of content coming out soon. I had some bad mental health issues, and decided to take 2 months off to get my life back (I am feeling as good as I have in about a decade). Anyways, I have a second channel that I am launching which is more of a commentary channel, and I will launch another light-hearted one soon as well. Feel free to check it out! 2nd Channel: kzbin.info/door/rCZjtBkH4jsWQP7vq-7SUg

[@ummnaeela]

Welcome hope you feeling better

[@terewilliams1555]

Feel better soon! But definitely take care of you ...self-care is the best care to help people take better care of themselves ♡

[@gerardoperez5225]

Welcome man! I missed you a lot! Hope everything is okay

[@desmondchurch9630]

Your 2nd channel has some good content! Maby you could link to it through the channels tab if you want to direct more traffic there.

[@nabatomar7942]

Happy to see you back in the stage

[@555reaper]

“We learn from history that we do not learn from history”- Homer Simpson

[@joshfontaine1511]

lol is that fr from the the simpsons?

[@Inj3x]

History doesnt repeat itself, it rhymes

[@quintonsuyker6526]

Or maybe we arent supposed to learn. But rather are steered here through our own ignorance of who or what is running this place. All of these "crisises" seem to move another chess piece in a certain direction.

[@antartea847]

Probably the best thing ever said

[@christopherm3271]

Homer Simpson is our oaf in the coal mine

[@jacksonpohl]

I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[@FabioOdelega876]

First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.

[@rogerwheelers4322]

Most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.

[@joshbarney114]

The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.

[@eloign7147]

@@joshbarney114Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something interesting …who is he?

[@joshbarney114]

@@eloign7147 It’s a She actually, “Colleen Janie Towe” is her name, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat since 2020.

[@edward.abraham]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@Kim.beneteau]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@hunter-bourke21]

Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.

[@rebecca_burns14]

@@hunter-bourke21 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.

[@hunter-bourke21]

My Financial adviser is "Camille Alicia Garcia" . She’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@james.atkins88]

Thanks, I just googled her name and her website came up right away. It looks interesting so far. I'm emailed her and booked a call.

[@ethan4513]

As an economics student right now, we are currently running through the timeline of that guy's predictions right now. High inflation, insane costs of living, and increasing poverty. Very scary.

[@AGMI9]

Not to mention that the USA used its last "get out of jail free card" with the covid money printing, thats all they had left after 2008 thats it its done. Next is the fed to raise interest rates to try stop inflation but its past that, they cant raise them to much or it all collapses so itll be small interest rate hikes that will mostly be shrugged off by the market or cause a extended depression. At the end of the day its just slowing things down before the big pop its gonna happen sooner or later.

[@miketrusky476]

You must live in Kansas

[@ethan4513]

@@miketrusky476 Huh?????

[@JanieBee]

Is that guy Marx?

[@kurtbader9711]

As an economics student you might want to consider changing your major if you want to be employable in ten years. Thousands of economists know that this is a joke of a game, only worth being manipulated for short term profits without doing any actual work. You should already be aware of this as fractional banking (How the few manipulate the many) is taught in Macro 101. What's the multiplier at 5% reserve? And what happens when people want their money back? Regardless of inflation it's better stuffed in your mattress, at least it's not used to make someone else ostensibly rich. Ah, It's A Wonderful Life.

[@WyrmrestAccord]

- How is that you're not worried about the upcoming crisis? Me, living in Argentina: That's my secret cap, I'm always living in an inflation crisis.

[@ogunsiron2]

it's time for us north-americans to learn what it's like to live in a poorly managed country (where the poor management has borne fruit).

[@1Shalnark1]

How do you still have electricity?

[@gianb3952]

VIVA LA PAAATRIAAAA CARAJOOOOOOOOO

[@MrMarios3000]

Same, but in Greece

[@IceFire9yt]

You merely adopted the inflation crisis, I was born in it, molded by it.

[@jacquelynhallock1608]

Well inflation is around 8%. But food has gone up 20%. Gas has doubled so I say we are right on track for this to happen soon.

[@tuxtitan780]

Yeah, it's almost like the people running all those companies are purposefully inflating their prices and using inflation as an excuse

[@jenkzs23]

And nobodies doing anything

[@octavius7171]

But this is an "incredible transition".

[@Exigty]

@@jenkzs23 Ah, humanity

[@333panda]

great news! inflation is at around 9.1% now

[@SirConto]

Those that study history are doomed to watch helplessly as the society around them repeats it.

[@sethrauldatta7456]

Collapse the interlinked globalised economy to reduce the population and its wealth and thus rule the world. Same people, different era, for those evil people mentioned in Revelations 2:9 and 3:9 of the bible as well as many other places, also mentioned in islam, hinduism, buddhism, etc.

[@williesreserve7475]

they get what they deserved every time

[@shacktime]

@@williesreserve7475 You misinterpreted the comment.

[@casper8464]

@@shacktime maybe he's a cynic like me, one that sees history as proof of our instinctive flaws. No wonder some of us chose to 'believe' in a higher power - one that isn't corruptible. In that sense, we all keep getting what we deserve, like some cosmic karma - reaping what we have sown, bittersweet. Historians and economists have known this for a long time, but greed and power does things to humans... It makes them not care, about others. Animal farm - hell, even fictional writers know.

[@shacktime]

@@casper8464 There is no higher power. Humans do what all the other animals do, we just dress it up in culture and technology. And Huxley understood our species better than Orwell did. The latter thought it would take a nuclear holocaust to unleash Big Brother with cameras watching us everywhere. He was VERY wrong. For that it only took capitalism.

[@alexandergoldnatznworeptil9652]

"never trust some random quote of a historical person on KZbin" - Plato

[@hueyhooverhampton7060]

😃

[@saabajoe]

😂😂😂💀

[@alexgriffith1105]

So should I trust this, or not? I'm conflicted...

[@McChickenJOI]

seen the exact same quote in this comment section being credited to two different historical figures lol

[@alexandergoldnatznworeptil9652]

@@McChickenJOI historians still debate as several authorities disagree, as overdelivery of written records differ in parts of the world, on to whom of the ancestral prophets one can ascribe such citation

[@Drewsel]

"Cringe." - Julias Caesar's final words as he was betrayed by his comrades and summarily assassinated.

[@vatsalkhandelwal8233]

"You tho brutus" i guess these are his actual last words

[@PhantomP63]

Caesar was stabbed in the forum. Also the spleen, thigh, lung and several other places.

[@ilovethisusername6565]

"There is one crewmate among us"

[@cityguyusa]

Some assassinations would be just the thing to bring the government back in line. For all the adminstrations involved in war crimes which is everyone alive dyring all prrsidents from the 50's forward. We'll call it Vietnam and forward.

[@lavos333]

"Brutus? More like "BRUHtus, am I right?" - Julius Caesar

[@johnlennon232]

My portfolio has good companies, however it has been stalling this year. With the present inflation and dollar devaluation I just got my money out of the bank, I invested some in gold and silver and I’ve approximately $700k stagnant in my reserve that needs growth, any suggestions to grow my portfolio will be highly appreciated.

[@alexyoung3126]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@joesphcu8975]

I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@kimyoung8414]

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems

[@joesphcu8975]

My advisor is Helene Claire Johnson , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@kimyoung8414]

she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@ChairmanMeow1]

A year later and this is only becoming more true and more scary. When this bubble pops, we are gonna feel it very very very hard.

[@drewwatson675]

I’m 17 and so terrified to be an adult

[@Luca-go3bi]

@@drewwatson675 just make sure you know what your gonna major in, college is expensive. No harm in going to community college and transferring credits over. MAKE SURE THEY TRANSFER!! Don’t waste your time, look at summer camps or events and camps help by colleges!

[@anonnimoose7987]

@@Luca-go3bi Public university, no need to go private

[@Luca-go3bi]

@@anonnimoose7987 I know, I go to one and it still cost 26k T-T with room, board, tuition, and dining plan. its 14k a year for JUST tuition T-T fuckin' America

[@himedo1512]

@teslaputs jesus chirst. Just telling people to take on massive debt with an incoming collapse

[@bigphil815]

You know it's getting scary when KZbin is recommending this. Never ever even seen this channel

[@JamesR1986]

Don't worry, KZbinrs have been predicting the collapse of fiat currency for the past 12 years. Honestly this video is WAY more nuianced then most of them. And it is true that there has a been a boom in monetary supply but that hardly guarenteeds Wiemier republic action.

[@areyoutheregoditsmedave]

@@JamesR1986 we’re definitely heading for some bad shit tho, whichever way you slice it

[@RK-bj8ho]

There are literally channels dedicated to economic collapse aka financial armageddon entertainment 🙄

[@domenstrmsek5625]

@@RK-bj8ho yeah agree abaut this and i like that.

[@joshgarbemusic]

Same

[@iridium5122]

"money in fact does grow on trees" - US Congress

[@gewehr3472]

lmao

[@richard09able]

Money is made out of cotton and paper, therefore money grows on trees

[@ussliberty4631]

🇮🇱✡️👁️🕵️‍♂️

[@audemars_piguet13]

The print press + a few types on that keyboard and the money "magically" appears

[@dennishansen1769]

LETS GO BRANDON

[@tacitus6384]

"And we haven't really seen any effects of adding 40% to the worlds money supply." Hello from the future, all I can say is...lol.

[@arthurwintersight7868]

An optimistic guess is several years of high inflation to make up for the rapid expansion in the money supply.

[@beloved-child]

Worse now...... The poor break their back for minimum wage.....the elites just print money and recklessly spend it....resulting in inflation thar the poor pay for....... I know life isn't fair....but when it's this lopsided and 1way....why bother working or participating at all?

[@sebastianspiegler5801]

It is gone, we lived through the zenith of our time.The corrupt government will take down this country like what happened to Rome. My condolence for anyone approaching retirement you may have concerns over whether your pension pot will stretch to cover the rising costs of living. Bad energy policy, bad foreign policy, bad regulatory policy , and insane fiscal policy

[@liambracey6708]

50 and retiring early. I'm really concerned abt the future in all aspects of where we all going, in this breath finances ; how to stay afloat. I'm thinking about investing for the first time in the capital-market but how can i achieve all that given that the market has being a mess most of the year?

[@lylahthompson2169]

@@liambracey6708 I can relate to that on firsthand. I began with " *Katherine Duffy Burke* ," whom is a fiduciary financial-advisor and my gains were guaranteed. In such instances, I would always recommend hiring an expert to guide you through unpredictable markets and simply provide you with indicators and tactics for determining when to join and exit the market.

[@mialangley2388]

@@lylahthompson2169 Please how can i reckon with such skillset? I'm seeking for a more effective investment approach on my savings, putting it to work because its getting killed due to inflation

[@lylahthompson2169]

@@mialangley2388 You can glance her name up on the internet .she's renowned and has quite a following. So it shouldn't be a hassle finding her

[@liambracey6708]

@@lylahthompson2169 Katherine really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@PREISINGPRODUCTIONSsince1912]

There are two kinds of people: Those who think the government cares about them, and those who think.

[@nothing2see315]

Doesn't seem to matter which system of government humans have it's always the same story

[@thehungergames8918]

You are right my friend 😃👌

[@hounddog7256]

have never heard that summary before but I'm going to do a Biden & plagiarise it... 👍

[@gerardramirez6320]

Well put.

[@rtanidean4931]

Bam. Baaaaa for the Govt Care Bears 👀😝

[@mattcorriere9039]

Lumber prices have increased more than 200% in a year. Food prices are up 35% in the same year. Fuel and housing prices have also increased yet they say there's no inflation.

[@kellycarter4944]

We have noticed the same thing. Any raw material, metal, cement, wood, have all increased autonomic ally over the last few years. Our groceries have more than doubled over the last few years, and yet inflation has been the "desired 1-2%. I don't get it. The carbon tax is part of the answer, but I am not sure it explains it all.

[@daraghmcquaid3277]

source?

[@forestcityfishing4749]

Or how average rent prices on a 1 bedroom went from$800 to $1200 overnight in my city. Everything in the stores are 25%-50% more now.

[@benjaminkesler5245]

When inflation looks too high, the government just changes the formula for how they measure inflation.

[@vaylon1701]

Lumber is being manipulated as are lots of other commodities. I have 3 mills in my town and all the mills have more stock in the yards than I have ever seen. Prices paid to the cutters are pretty much the same as they have been for years but it all goes crazy when it comes out of the mills. By the way, the mills are all owned by big conservative companies.

[@Ruudthe1]

It's funny watching this 12 months later and realise that the worst is happening 😳 crazy levels of inflation and high cost of living already hit us

[@Skeletoncross]

My life hasn’t changed 1 bit.

[@Payadopa]

@@Skeletoncross I second that.

[@cybertrend8134]

@@Payadopa he’s obviously lieing

[@Payadopa]

@@cybertrend8134 ie + ing = y (lying)

[@Pekara121]

This video was made before the Russia and Ukraine war.

[@hostedbysimples5416]

Saw this video a year ago, wasn't sure if it was relevant or factual. Now, mid 2022 and I am beginning to believe that we got in some parallel universe where these predictions are 2 times worse than it actually would be.

[@arseeoliveira6934]

😞😞😞

[@millionelectricvolts6117]

The worst world line 💀

[@DrahcirII]

@Nudeindian ☝️☝️☝️this

[@CrungoBungo]

We have been in the weasel timeline this whole time

[@lexxisful]

Don’t worry. There will come a guy in a moustache that will say he can fix everything.

[@orangenasa]

Fun fact about Germany's economy in the 1920s: The german Mark was so insanely inflated at some point that it was cheaper to heat your house using money instead of oil.

[@lukematusicky6051]

i have actually been saying something similar lately to people ... U.S. paper money is made from 100% rag cloth ... meaning its washable and reusable. So at some point, the U.S. dollar may actually become more economical to literally use it as toilet paper and wash it and reuse it than the amount of toilet paper the dollar can buy ... :/

[@hyperion3145]

@@lukematusicky6051 I mean, money of itself is made out of useful material, so of course people are going to end up using it for something else.

[@TRF90]

Warming yourself and fixing the economy, one mark at a time!

[@Brother_frojd]

@TheDrewSaga The Australian$ bill is washable. Got a few bills from a friend some years ago. They ended up in the washing machine after he said they would come out even cleaner than before. And sure was he right. No torns and all looked like they had come straight from the bank newly printed.

[@generaldilvry69]

International Political outcome rather than one merrily national

[@WaxyLT]

"I kinda just want to live my frickin life without the threat of total societal collapse around every corner" -Me, please.

[@goldengodworshiper9537]

One day your lineage will repay what you stole

[@vgnvz]

Got that right.

[@roberthermann97]

Then vote for fiscal conservatives, who strive to balance the budgets, not spend like crazy.

[@shuvelstone1331]

Yeah, i feel you.

[@209chevymon]

the higher ups wont let that happen cause there so greedy you and i are doomed because of them sucks but they have the control not us and they dont care about you or me or our families health jus there wallets if it collapses were done

[@SuperCrappyNinja]

Watching in February 2022. Inflation is in full swing. Everything from fuel, cars, homes, milk, bread, etc have skyrocketed.

[@carter3294]

For me , I'm currently viewing the current market as a giant opportunity for making generational wealth, thinking about invsting into stocks or digital-asset but how are we going to achieve all that given that the market has being a mess most of the year seems farfetched

[@RedroomStudios]

you should be thinking more about the collapse of civilized society rather than how you can benefit financially. you are a disgusting excuse for a human being.

[@darius9329]

LMFAOOO

[@zadovrus1624]

I'm also a real person! And going to pedle someone's "investing strategy"

[@marino5652]

Lol this coments sound like bot ad

[@zadovrus1624]

@@marino5652 They are, almost the same thread word for word could be found on dozens of other economic videos. They are probably fishing for gullibles. What I don't understand is why it always has so many likes.

[@traianima]

"It is wiser to post a random quote just for the meme than regret not doing it" - Marcus Aurelius

[@dwaynesbadchemicals]

So stoic.

[@diracflux]

Very wisdom.

[@henryviiifake8244]

Wow.

[@haltdieklappe7972]

“I am gay” - smart Greek/roman philosopher

[@iuliapopescu6649]

The fact that your name is Roman in nature makes that dumb ass comment vaguely amusing.

[@general5119]

"I saw everyone posting quotes of famous people on the comments, so I wanted join too." - Isaac Newton

[@aramhalamech4204]

"Hello there!" - Obi Wan Kenobi

[@jackalenterprisesofohio]

"I once chopped down a Redwood tree" - George Washing-machine .

[@navajyotichetia3211]

I made a quote the government came back and imposed professional tax for undertaking commercial activity - for issuing a quotation

[@delvinjoseph4447]

Bruh!!

[@bates6713]

General Kenobi!

[@Robertgriffinne]

your ability to break down economics for the average Joe and Jane to understand is top notch. You really need to create a course on trading stocks for the retail investors. Thanks for all this great content and information. Lastly get those likes up folks and share this video

[@Natalieneptune469]

thast reminds me of Nicole Ann Sabin, i had an increased exposure on how to navigate the market while copying her trades. it rare to see a Financial advisor who is so transparent to the point of sharing her strategies. Unfortunately for her and fortunately for me. i can now trade independently. i don't pay any percentage to her anymore

[@PhilipMurray251]

@@Natalieneptune469 wow, who's this advisor, how can i find her?

[@Natalieneptune469]

@@PhilipMurray251 I can't give much details to it, Profit comes for proper trade execution. I racked up in profits $558,405 from $185k capital in august last year to be exact on my portfolio using her trade signals. I watched a news interview on where she featured during an IPO and spoke proficiently, caught only her name and did a search later online. she's quite a genius in trading and portfolio diversification.

[@marianparker7502]

@@Natalieneptune469 I usually don't take advises online but i curiously looked Ms NIcole up and scheduled a phone call with her. she seems proficient and well grounded

[@lm-pw9ul]

Can you tell us the true purpose of nft and bitcoin?

[@Benjamin.365]

When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.

[@2facedab700]

Yes that's true

[@2facedab700]

But I recommended Mrs Sophia she's my Bitcoin trading manager

[@amyshirley6008]

@Melanie Fayetteville My first investment with her gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@greatffgyv]

@@amyshirley6008 I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working

[@fredcharles9267]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Sophia

[@spudman1734]

It's crazy how society can be broken down to multiple attempts of trial and error with generations upon generations of people experiencing the consequences

[@ericdugal8818]

And then no one learning anything expect the families in power. Thry are robbing us blind as we speak, smh

[@michaelfapgod4598]

That's why technology is such a game changer. We have the entire world at our fingertips peasants can become nobles overnight.

[@ZER-cr4dm]

Funny thing is we never learn, we always have this kind of depressions in fact it's becoming a standard, history was suppose to exist to learn from our mistakes and learn how our ancestors manage stuff, but it seems no one fucking cares and they still do the same shitty mistakes and that's the people on top, the people below cant do shit to do a change ir to prevent this they just go with the flow, so yeah its weird how we are evolving, just backwards

[@dylanelliott9589]

@@michaelfapgod4598 You think wanting people to look at you, aka, fame, is noble? Unless you mean something else, then I apologize. But people are desperate for an ego boost these days, and many consider social media fame to be the pinnacle of humanity currently. Objectively, that cannot be true. We are in the greatest digression in the history of the world. Youth life skills are nearly obsolete. 1 EMP, 1 super volcano eruption, 1 mile wide rock strike, and what is all this stupid shit worth? A little extra narcissism, to keep us from becoming something greater, collectively?

[@dylanelliott9589]

@@michaelfapgod4598 Also, I thought it through, and if technology was used for things other than self/human worship, then I agree with you. But I still stand on my previous point about the lesser parts of society.

[@ChristianDurland]

So far the U.S. Dollar is still the world’s reserve currency, and so far during this inflationary period we’ve been experiencing, the U.S. Dollar has continued to remain strong as compared to other world currencies. Germany’s currency in 1920 was not the world’s reserve currency, the British Pound was. Also, it’s not exactly fair to compare today’s economic challenges to those of medieval China. At that time China had multiple currencies and not just one uniform currency like we have today. Who knows, I could be wrong, but until we see the U.S. Dollar collapse, then we won’t see what unfolded in 1920’s Germany unfold here in the U.S.

[@dylanschofield8067]

Unfortunately this aged well

[@providenceoyabure6687]

When a mosquito lands on your balls that's when you know you can resolve some things with peace and not violence - Master Oogway

[@bigrigbutters702]

Well done. The only comment that made me laugh. I read them all . .

[@_.gayathrimohan._]

wow that was an amazing comment 😂😂😂

[@giannis_toupolemou]

Oogway didnt say that shit. Seen it so many times...

[@providenceoyabure6687]

@@giannis_toupolemou He who vexes at another man's jokes, can never please himself with his own strokes 🥒👋 - Pinocchio

[@swingambassador]

Pinocchio didn’t say that shit.

[@AG26498]

Since you compared our current situation with the Weimar republic I want to point out in advance that I got rejected from art school 2 years ago. Edit: thnx for the likes. Now every like is a soldier for my army. And our goal is to get rid of anything that makes men look stupid. For example, simps.

[@Skybound.]

Don’t annex anything please

[@johng8837]

Hows the facial hair department?

[@user-xg8yy7yl1d]

When can I vote for you?

[@DANISH4114]

Do you also have a single ball 😅

[@dorakotomanga7353]

When will you publish your book?

[@dumdumbrown4225]

Seeing this again as interest rates rise higher than government vanities 😄 inflation is the new fashion statement in July 2022…

[@ibabdi3806]

It came true

[@roballan4944]

This recession is going to see more then just your neighbour lose his job.

[@LuisPerez-vr4ks]

As long as Little Cesar's Pizza is still 5 bucks we'll be ok.

[@MR-hg4cm]

6 now

[@LuisPerez-vr4ks]

@@MR-hg4cm my God...

[@siyeci]

@@LuisPerez-vr4ks beginning of the end LOL

[@lushdog]

5 bucks for a pizza that is one slice.

[@seemysight]

@@MR-hg4cm we are not okay

[@TheSerenation]

Modern monetary theory is nothing but a game of hot potato. No one knows when the music stops, but they just hope it doesn't stop during their time.

[@thediesel1241]

That is actually the best comparison I've read so far haha.

[@agnosticpagan]

MMT is also only a theory is not the policy of any government or central bank. It is also deeply flawed in what money is, how it is created - and destroyed - and the role of central banks in a modern industrial economy. On the flip side, so do the majority of economists of every school. Some of the few who I think are closest to reality, i.e. actually study and examine money and central banks are 'the money view' economists pioneered by Perry Mehrling, Zoltan Polzar. I don't think anyone has the 'right answer', but I am confident that MMT, Austrians, gold bugs, cryptocurreny proponents and Keynesians have the wrong answers.

[@LiveType]

Gave me a good chuckle. All I can say is take advantage of this while you can. It won't last for long. If supply and demand are relatively balanced, things are progressing well. If they are not, things aren't going well. Right now things are going just fine for the most part, in fact in some sense I would say things are going better than they were pre-pandemic, service industry aside. How long that will last? No idea, but I can give you a guess based off of historical examples. Things will start going south between 2023-2025. But again, it could just as well not and disprove all prior economic theory. Will this happen? I doubt it, but as you said nobody wants to be holding that potato when not just the music stops but the floor collapses underneath them with how unbelievably integrated our world economy has become.

[@sjiz]

The music has already stopped, From where I am standing, I can't hear a thing - John Tuld (Margin Call)

[@tilawn7867]

@@LiveType what do you mean by taking advantage

[@DutchDread]

As far as I'm concerned we've been in an economic downfall ever since the 90ties, everything gets noticeably more expensive each year, while my hourly pay stays mostly the same.With my masters degree I can't even afford the inheritance tax on one of the houses my parents bought on the pay of a plumber and a teacher.

[@shacktime]

I was doing just fine throughout the 90’s in some of California’s most expensive regions. Things started getting bad around 2004. And we all know what happened shortly afterward.

[@stevenh6589]

The U.S. has added 40% to the money supply in the last 18 months ???? Whoa 😳

[@Dumb-Comment]

Fun fact: Hole in coins were made for ropes to tie them together, therefore they were actually more user-friendly

[@SkyNinja759]

Yep. Necklace coins were a thing. Literally wearing you wealth aroubd your neck. It's a pretty cool concept. No clue why other coin systems didn't follow it, probably because it's simpler to not include the feature (it might confuse people).

[@nickryan6787]

@@SkyNinja759 traditional Iban women clothes literally wear coins as an accessory. It's to show how wealthy the woman is

[@blahblahblahblah2837]

@@nickryan6787 So what does she do when she has to make a really big purchase, her cards are all maxed out and she needs exactly the amount of money her clothes are made of???

[@branwithoutclaws]

@@blahblahblahblah2837 bands will make you dance

[@mcallard911]

@@blahblahblahblah2837 Never leave whithout a credit card.

[@civicparadox4644]

The injustice of modern monetary theory is that when it fails, the people who suffer will not be the people that implemented it.

[@gay.mer9328]

Well said.

[@user-xg8yy7yl1d]

Unless it falls hard and fast enough. Look at imperial Russia for example. The tsar and nobility sure suffered in the end in fact that may have been the only good to come out of it.

[@rdkap42]

That feels more like a design feature

[@RADLadio]

@@user-xg8yy7yl1d there is nothing good in the assassination of Nicholas wife and children.

[@hyperion3145]

@@RADLadio Even Lenin was appalled

[@seanhettenbach2101]

Here from the future to say "We are definitely feeling it now."

[@jonathanellis6097]

One thing not touched on is the massive amount of money being horded by the rich. Yes lots of money has been printed, but there is also enormous amounts just sitting on the books of the mega rich. Not sure how this affects things, but it is a modern phenomenon.

[@santero1257]

"It is easier to fool the people. Then convince them, they've been fooled." Mark twain

[@tpsam]

That's totally obvious though To fool people you just need to outsmart them and trick them to get advantage on them To convince them they have been fooled You need to fool them first and then explain the process of how they have been fooled with evidence So to do the latter you need to first do the first thing which is fooling them and on top of it also explain how you did and show evidence But to do simply only the first thing is easier Just fool them. The end. It's like saying eating is easier than shitting yourself Or Peeing is easier than drinking your own pee

[@declansnyder2281]

@@tpsam no you completely missed the point wow fooling people is one thing where you trick people, ok now it's harder to convince people they were fooled because 1) that bruises their ego, 2) people are usually entrenched in their beliefs (see flat earthers), 3) and you have to actually speak the truth which is harder than speaking any lie you want

[@orangewarm1]

why do you need to convince them they've been fooled? if you've already fooled them?

[@BombaJead]

@@orangewarm1 because the one doing the convincing is not the one doing the fooling.

[@alexandershaw431]

BITCOIN:IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD

[@moffettfpv5616]

"not every peepee time is poopoo time, but every poopoo time is peepee time" -mike tyson

[@jmann9686]

Damn

[@abdulkoddus608]

Great wisdom!

[@soraiya2065]

Lol

[@doctoruttley]

😂…🤨

[@Blowncapacitor84]

Best one... you win!

[@GianniBarberi]

You're right, inflation measures the prices of the needs of a average working class individual, luxurious, unique items, on the other hand, have increased in price extensively

[@biggybiggums2758]

What's crazy is we're all sitting here predicting what could possibly be another terrible event for humanity. If another great depression happens shits going to get pretty rough so good luck in advance I guess.

[@jdavid50]

"We don't know what we are doing, so let's print money." Modern economic theory in a nutshell.

[@marcusholtzheimer9316]

The people printing it know exactly what they’re doing

[@alastair9446]

They know what they doing, they screwing over future generations to have a good time now. They were even doing that hundred of years ago. History repeats itself.

[@rhianimal19]

@@marcusholtzheimer9316 Nothing has a real value in an era of #automation and digitized economy. It is whatever they say it is.

[@alastair9446]

@@stratosphere2323 Well I am more concerned about the interest. If someone takes out a loan of actual money but then get charged 200% interest rate per day they will owe a massive amount of money they can't pay back in their life and it doesn't really exist. I know this is a extreme point but what I am trying to suggest is that interest is like printing money. I can understand interest needs to be done to cover losses of bad debt but in the end if done too far isn't it the same as printing money?

[@alastair9446]

@@stratosphere2323 And the Ponzi scheme ends when the population stops growing.

[@fatherleo4603]

"It's not until you lose everything that you're free to do anything." Some guy from some underground fight club

[@jbartlett1840]

A schizophrenic grifter said that .🤣 He conned himself out of everything he had

[@vicvic2081]

Damn don't let be that

[@markhammar3977]

Don't talk about fight club.

[@T25de]

The first rule of project mayhem is You don’t ask questions

[@oarguello]

Send me all your stuff and money...so... that... you can then do everything you ever wanted. LOL

[@marcm83]

I’m here from 2022. He was right! He was right about everything!

[@philosophrwiggles1175]

I started trying to understand monetary systems and policies, economics, and such about 10 years ago. I mostly follow Mike Maloney. But I also have watched content from others to get a diverse understanding. I find that many experts know how unstable the current monetary system is. The biggest difference today than any other time in history is having the world's different currencies be based upon a singular currency as a reserve. Anyway great video and content. Very similar to what Mike Maloney has presented which tells me that this is something that people should educate themselves on

[@happymolecule8894]

Yeah but things aren't as bad as they might seem. Just don't keep cash. Get real estate/gold, real estate is profitable and resistant to bad currency, and gold is the world's oldest and most stable currency

[@philosophrwiggles1175]

Definitely great advice. I don't have much extra money to invest but I've been putting as much as I can into gold and silver. As far as real estate. Is it worth investing in real estate stocks and/or ETFs?

[@happymolecule8894]

​@@philosophrwiggles1175 I'm a railroad technician and i make 70k a year, investing in real estate and stocks made me a multi-millionaire. They were definitely worth it in the last 2 decades, but i feel like this decade will be full of uncertainty and war, especially for Americans. I'm afraid to say, the US is not the top dog anymore, and things are only gonna go downhill. I sold all my stocks and bought gold, buried it in the backyard. Might come in handy. Real estate seems like a risk right now, i'm not selling but i'm not buying either.

[@flyryguy]

Gen Z: This financial collapse could bring about the downfall of our entire economy Millennials: First time?

[@akhilpadarthi4743]

memer's

[@oliviaortiz5157]

It already has, just not fully visual yet, truth be told!

[@RubySapior]

Millennials learned nothing and did nothing to stop this potential downfall..... "Back In my day"

[@crypticgaming4485]

You do realize in the 2008 financial crisis the only thing stopping a general depression was a shitload of money printer go brrrrr moments and bank bailouts. This is that, but on a scale of the entire planet, times two. We're due for a financial depression, and the longer we fight it off, the worse it'll get.

[@riograndedosulball248]

This means that Millenials failed twice in less than 20 years, congratulations!

[@danieljones7843]

I saw someone sitting on the side of a street holding a mug in his hand. I dropped a few coins into it because I was feeling charitable and all he did was complain about how I spoiled his coffee. Some people are just ungrateful...

[@proto3011]

XD

[@SG-he4cy]

😂😂😂😂

[@madamemoi-zelle4913]

😂😂😂

[@Brother_frojd]

Lmao.. I feel like being generous to and will go do this tomorrow at the local Cafe

[@provenpatriot5076]

Lol

[@earthboundisawsome]

"The stock market hit a high" Well well look at us a year later. That aged perfectly.

[@centralscrutinizer76]

Here we are 10 months later and inflation is 7.9% using official government manipulated numbers , 17% using the formula from 1970s

[@Keplerb-od1lr]

In the future, there will be two currencies: beans and bullets. - Ramses II

[@asifaziz5103]

Ay yo cj, dont forget about us! Beans, bullets AND.... Bombs too 😁. We're also experimenting with claymore and proximity fuses to reduce our "operational costs/losses". Ciao.

[@rodpadgett415]

Beans beans the musical fiat, the more eat the more you shiat! 👉💩

[@kkc2354]

Here's an interesting message: Imagine if US & China WORK TOGETHER for the BETTERMENT of HUMANITY? The World unite & prosper, just like in the serial Star Trek. United Nation is the result of this kind of revolutionary idea, post WW1 WINTER IS COMING! kzbin.info/www/bejne/jpban6yLf8ysd5Y

[@Keplerb-od1lr]

@Keith Steward I’m no gun nut but people are tribal animals and once the resources get scarce, they’ll do what it takes to prevent their kids from starving. Like it or not, might makes right in those circumstances.

[@civilization57]

@Keith Steward Federal bankruptcy will create massive food and housing shortages. What makes you think hungry and homeless people won't resort to violence?

[@Indubidably0]

Those who do not study history are doomed to repeat it. Those few who do study history are doomed to watch powerlessly as everyone repeats it.

[@BRBallin1]

We can work hard to put ourselves in the right position to earn a comfortable living but we are still at the mercy of large scale economic factors that could leave us vulnerable. Makes you wonder how much control you really have over your life

[@alexxx4434]

"YOU DON'T UNDERSTAND, THIS TIME IT'S DIFFERENT!" - Famous last words

[@cowboyofscience7611]

Yes, because: Millennials!

[@ghanaria7996]

@Cornerdisc5504 maybe they were referring to communism? That’s the only thing i can think of for millennials.

[@donkstamper1335]

"There is literally no way this can go tits up" is my favorite.

[@Swansen03]

@@cowboyofscience7611 lol.. every generation in America has been doing asinine things, the whole time lol... You just have to be very objective about history/data/reality..

[@cowboyofscience7611]

@@Swansen03 It was a sarcastic comment. Millennials blame everything on Boomers, so just showing them how it feels. My son is a millennial btw.

[@cocodog85]

there's a simpler explanation as to what is happening to the economy now...when your neighbour loses his job, it a recession. when you lose your job it's a depression.

[@Kwijiboi]

So it is simultaneously a recession (to me) and a depression (to my neighbor) at the same time. So, which is it?

[@cocodog85]

@@Kwijiboi...prelude to war.

[@Kwijiboi]

@@cocodog85 I'm talking about your first quote. It sounds good until you think through what it means, it becomes a paradox.

[@VoxTox]

Then some regions of your country think they are better off - it's a secession)

[@dinidusamaranayake3266]

Hmm

[@sabrekai8706]

I remember my grand parents telling me about the 1923 collapse of Germany. One owned a textile plant, and his paymaster would assemble the workers in the courtyard, and hand them bushel baskets full of paper money. They would all then scramble to the market and hope to buy what they needed before it became even more useless. There is a photo of a lady feeding money into her heating oven. Believe it. We are on our way to a similar mess.

[@Gabriell0684]

I like how you keep the option of rewriting the rules up until the end and then add a remark about history. Funny how most people don't understand the direct correlation of economy and the physical reality of production and consumption so they are up to believing in that endlessly printing money may somehow override reality and can keep on going forever.

[@pilotx3mm420]

"In terms of money, we don't have money" - My dad

[@jpmonin7429]

Now that's a good one

[@DriftinDoug]

Best laugh this morning.

[@josebzn9829]

I’m dead 😂😂

[@justlooking4771]

He's right.

[@jc.1191]

You're dad plagiarized me 🤣

[@squeekies147]

"Printing money, bad." - Sun Tzu, The Art of War

[@Arief351]

kzbin.infoFV8xNlpXQec?feature=share

[@thepooterrooter3917]

Sun Tzu said: In the practical art of war, the best thing of all is to take the enemy's country whole and intact; to shatter and destroy it is not so good. So, too, it is better to recapture an army entire than to destroy it, to capture a regiment, a detachment or a company entire than to destroy them. Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting.

[@Arief351]

BENJAMIN RAVIES (a Gmai Comm to leave him a message okay

[@dwandersgaming]

@@thepooterrooter3917 "It is best not to fight but rather get your enemy to defeat himself by his own consent." Me

[@Me-pz5by]

Now in middle of 2022 and all of this is happening as predicted.

[@Janosch122lp]

Damn I'm seeing this 1 year too late. Hold on folks, it's gonna be a rough ride. Already struggling hard in Germany.

[@carloss8623]

Yeah germany is death right now

[@chriskirby9408]

Japans' "lost decade' is going on 30 years now.

[@ndnrb_]

Might be lost century

[@vincentyeo88]

@@ndnrb_ right, the dark ages are here.

[@germaxicus6670]

Based on the low birth rate and high suicide rate, the despair in Japan is astounding.

[@Willsmiff1985]

@@germaxicus6670 and they’re also far less competitive in high end tech than they were. Recipe for sadness.

[@apenguingames4305]

@@Willsmiff1985 the world is cracking, the US is printing money with no gold standard, China has whole city’s empty and a housing crisis, Japan is losing competitiveness, Australia is pressured militarily by China in the South China Sea.

[@ADSaaron]

Modern Monetary theory basically means "as long as the government has a monopoly on their currency they can print their way out of financial hardship". Man, how come no one thought of this before?!?? 🤦‍♂️

[@generalharness8266]

Does not work, reason is that even if you have a monopoly on your currency you do not have a monopoly in ALL currency. Money only has value in what it can produce, when you can earn more by selling product to another country that's currency is valued more you get more profit. In order to afford the goods you need to print money which devalues your currency even more which means you get more profit if you sell over seas. Until the product can never be brought.

[@wintermiller4845]

That's a severe misunderstanding of MMT, this video is incredibly misleading. The point of MMT is an acknowledgement that governments printing money costs inflation, but that the inflation can be *worth it* if the money is spent appropriately and responsibly. It's a re-framing of what taxes are for as well. They are not for funding the government--the government doesn't need to be funded--instead, their primary purpose is to *decrease* or *limit* inflation.

[@DarthVader-yd9id]

The way it works in the US is we aren't printing our money because the US doesnt own its currency we are borrowing our currency from a private bank which controls the global monetary system that's why you dont see inflation you just see the US going into debt

[@icestationzebra8636]

I want to print my way out of financial hardship but the goverpwon’t let me make my own money. That’s called counterfeiting and that’s bad. I want to make my own rules too! What ever happened to the societal contract? It is why we have governments and why we have civilization. Because at some point man learned that it was beneficial to enter into agreements with other humans to help each other. It grew from there(over simplified). But since governments now do whatever they want without the consent of the governed, we should just make our own rules. Wait... what? 😉🤔🥺🤪

[@coolthief8375]

@@wintermiller4845 Other than the huge problem of printing too much money aka having too much inflation aka becoming Venezuela

[@smitemelone8571]

This aged well

[@simon6677]

Boy oh Boy watching this just over a year later that inflation rate is really jacked up. I'm convinced the real rate is a lot higher than what is being reported. Only 8.58%? I don't think so. More like 13-15% right now.

[@SKRAGADILLA]

“Licking doorknobs is illegal on other planets” - Spongebob

[@howardbaxter2514]

Legendary Spongebob quote. Also, remember that circles prevent sea bear attacks.

[@thenewyardguy6359]

Thank youuu

[@thenewyardguy6359]

@@howardbaxter2514 yesssss

[@deathcabforcutie3889]

Play with feathers, you get your bum tickled. Big Vern.

[@stefanandrejevic2570]

I mean he could be right, nobody has ever tried licking doorknobs on other planets so we can't prove it wrong

[@spiiikkeeh8266]

Printing money according to a country's gold reserves was not perfect but somewhat rational approach but since we derailed from that, this bubble will definitely burst.

[@johnnysecular]

it’s been over fifty years and it hasn’t burst yet, sooo… stop fearing money printing. gold is not in any way more real than paper currency. what was the real life value of gold in the 1800s? literally useless, it bends!!! can’t even make cutlery out of it.

[@marierejoiceinjesus3846]

Gold and silver will always hold its value because hard assets are different. But the main problem is debt.

[@madhuchoudhary9655]

@@johnnysecular gold is not valuable, please don’t buy it, leave it for the rest of the world or shall I say the eastern hemisphere countries. We like invaluable stuff .

[@ChaosKing030]

@@johnnysecular bullshit, gold and silver has a limited supply and the perfect candidate to take over the currency as we know immediatly if necessary, even if it's temporary, building a new system costs time, in the meanwhile gold and silver will blow in value and will be the main trusted non-manipulative (cant print gold) source of trade item (food,houses). If the internet still exists by then(which is highly likely) then add BTC to the row.

[@johnnysecular]

@@ChaosKing030 i said gold bends, you reply “bullshit it has a limited supply.” it’s not bullshit, gold bends.

[@GermanTopGameTV]

What many people don't realize is that money itself isn't a fixed, constant value, but a relative value. A dollar can be treated as a share in the huge dollar denoted market. The value of your money is simply the total value of all assets and goods traded in dollar multiplied by the percentage share you hold in this currency. If you look at it this way, inflation becomes really easy to understand - The government prints more money, so all they do is increase their own percentage share of the total available - but in turn reducing everyone elses share. The only thing that stops this from being a huge problem is the human tendency to use heuristics like "10 bucks buy me a meal at Maccas" to denote the value of money instead of what it actually means.

[@blade2869]

That’s a good point.

[@prestonwarren2692]

Money is such a weird and scary thing. I have this paper that says I can buy this much stuff.

[@HeatherSpoonheim]

This is why I keep my wealth diversified in a portfolio of gummy bears (every colour available).

[@philpclark7740]

Do you want to invest in crypto currency Leave me your email

[@HeatherSpoonheim]

@@philpclark7740 I can trade gummy bears for crypto currency?

[@philpclark7740]

@@HeatherSpoonheim yes you can trade anything on crypto currency Just leave me your email

[@mariahyohannes]

@@philpclark7740 bye bot

[@philpclark7740]

@@mariahyohannes why not drop your email so that I can contact you and teach you more on crypto currency trade

[@smithsmithson1610]

"We can do what we want! We're the government!" -The government

[@bobgreene2892]

Josh Turenne said, "We can do what we want! We're the government!" --------------- In a non-democratic state, rulers do what they wish. However, in a democracy, the people are the government. The government is not an external, distant bogeyman, but represents us. If we want to do beneficial things to improve our life, to promote prosperity, our government is a major instrument to realize that goal. This is why the American revolution terrified the European nobility-- citizens deciding their own future, and working together through their own government policy to realize that future.

[@TheAngrySaxon1]

This is what happens when humans are given power over others, even if their intentions are initially good. You can see a microcosm of it in your workplace.

[@galaxytraveler5779]

"We will take from you and you will be happy :) "

[@benjamindibb2538]

So uh, we might have to let certain businesses fail What?! We can't let businesses fail, we've got vested interests to the Money Machine! (Print money) Fellas, fellas, I got a plan We'll pull a 2008 again I know our profits are getting killed But the taxpayer will foot the bill Let's fuck up the economy Let's end up like Weimar Germany Print money! (Three, two, one) What happens when countries run out of cash? They either go commie, or they go fash Million dollars for a loaf of bread? Can't wait to bash in my neighbor's head! Print money Here's a magic trick I think you'll really love Take all your money, cut half of it up The government pulls another caper Soon your dollar's toilet paper Yo man, uh, uh (Print money) The-the numbers goin' down (Print money) It-It's not supposed to happen (Print money) Wh-what's going on? Don't worry, I got a solution! What's that? Oh! (Print money) Why didn't I think of that? (Print money) That makes sense! (Print that money, print-print that money) (Print money) I forgot we just made this up! (Print money) We could do whatever the fuck we want! (Print money) We are the government! (Print that money, print-print that money, print money) Uh, come to think of it, I'm just gonna print a billion dollars! I'm gonna print a billion dollars, a billion times! I'm giving everyone a billion dollars! This is a flawless, there's no flaws in this plan! -Jreg

[@average-neco-arc-enjoyer]

@@bobgreene2892 no, in a democracy the most voted representative of a vast amount of people is the government.

[@subrosa7mm]

Well I’m watching this video 8months after it posted and inflation is way higher and things are looking pretty dismal in the US. High stock growth happening as well.

[@srgtpeanut4263]

And 11 months later the situation and inflation has gotten even worse

[@ChristianVBlue3]

“It’s all fun and games, until, uhh.. until, uh.. you know.. the thing..” - Joe Biden

[@thefirsttrillionaire2925]

I think you mean Elon musk

[@julius43461]

"What we bound from history, we are learn to repeat it" - Joe Biden

[@bg3886]

MoSt pOpuLar PrEsiDenT iN USA HisTory

[@christinanapolitano6837]

Joe is a horror

[@counterculturevulture1917]

C-mon man!

[@basedkaiser5352]

“I never said that shit !” - Albert Einstein

[@ashzciwobuz1277]

Watching this today makes it even more frightening

[@johnnyb.cAck.]

“Have you ever tried DMT?” : Joe Rogan

[@unfairfight3625]

Joe is a government disinformation agent, there is no truth in him as he worships the bahphomet

[@unfairfight3625]

@Red Tractor hes a government disinformation agent, prove me wrong il eat my underwear film myself and post on yt,,he dont host a show, it is all pre planned and scripted,hes a actor reading his scripts.

[@alanedmonds1719]

We all need it wake up people

[@unfairfight3625]

@Red Tractor well then think of something embarrassing or dangerous and prove me wrong,,il do whatever you think is appropriate

[@douglasjacobs882]

@unfair fight When you make a claim, as you did, it is up to you to prove the claim. Where is your proof.

[@Jawa_512]

"In my day we didn't have no fancy shmansy tanks, we had two sticks and a rock for the whole platoon! And we had to share the rock!" -Avery Johnson

[@manseramnil9407]

Sounds pleasant

[@raptorbullets]

Buck up boy, you're one very lucky marine...

[@Pwn3540]

It’s never been $5 where I live

[@icyknightmare4592]

two sticks*

[@noblegamer8740]

He knows what the ladies like.

[@cfroi08]

Do not be afraid of economic collapse. Here are some good things 1. Corporations and with them mass surveilance will fall. 2. Communities will grow and we will pay more attention to the hungry and needy. 3. Food will be produced locally and people won't be able to buy fast food. 4. Most nations have adverse possession laws, so we will be able to pay the property tax and possess the home without actually buying it. 5. While internet will surely be limited, intranet will still be around. Expect LAN servers hosted in your city or town. 6. Immigration will no longer be an issue. 7. If you're American, expect a revival of railway travel since most people will be too poor to afford gas or a car or both.

[@LtCaveman]

No one HAS to buy fast food now tho. It's just that 90% of us are lazy fat fucks that couldn't be arsed to fuck each other to save the species

[@rewe3536]

The government won't allow mass surveillance to fall

[@cfroi08]

@@rewe3536 That's what the Soviets said.

[@politicallynonbinary]

You probably understand this fairly well after all you did say that it was a vast simplification of MMT but knowing something about that myself I have a very mixed answer for you. One thing that I would personally include in even the elevator pitch links explanation of mmt is that inflation depends on access to resources and what you spend the money on and that there are a lot of ways that the government could spend money within its own economy for things that there are already supply of that would not create inflationary pressure whereas if we are printing money to chase assets that are in high demand or low supply this has a greater inflationary pressure. So it's not as simple as money printer go Burr always works it depends what you spend that money on. Which brings me to the unfortunate mixed answer is that I think supporting the working class and a lot of the things that countries did during the pandemic that did that that met a gap between a family's demand and their ability to meet that demand didn't have inflationary pressure but there were a lot of other ways that money was pumped into the economy especially here in America through say purchases of corporate debt by the Fed when our stock market crashed... Well actually even when you around the time you made this video we were already seeing signs of inflation but only really in the things that only the wealthy could afford anyways. So it wasn't like food prices necessarily we're going up but maybe caviar prices were. And that's because when you get into those luxury markets that were already small in terms of supply and now everyone wealthy is flush with money and wants a fifth jet ski... And since it was government bailout money in many cases that were making them so flush with cash that they could afford their fifth jet ski this means that the government was spending its fiat currency on things that were in short supply already thus say it with me having great potential for inflationary pressure. Now again this is a very simplified take of mmt as well I just wanted to add that extra layer to this discussion because I think that it's an important one if you're understanding what MMT is trying to do. Otherwise it sounds like a clickbaity financial cheat code - "I tried this one trick and suddenly my government has infinite money.." I credit you for not immediately going to the Germany example by the way but that is an interesting one because it's one that mmt proponents often use as well to exemplify what I'm talking about here. And the issue that Germany ultimately had that caused them to over produce their own currency in this case was they were trying to pay off foreign debt that they were unable to pay off in their currency so they had to do things that they could sell for I believe it was the Frank and then use that to pay back France. Under mmt the collapse happened because the thing that they were ultimately trying to buy by turning the money printers on was foreign to their government's purview. If Weimar Germany could have paid its War debt in contracts to build tanks for France for instance, something I think we can assume that they would be able to do with their own resources considering what they built after this period in their history, there wouldn't have been an inflationary pressure even if the German government had turned on the money printer in order to encourage German tank factories to build tanks for the French. I've never explained it that way but I hope that made sense. And basically because of this just because they are spending this much money to prop up the economy it doesn't mean that they are doing modern monetary theory because modern monetary theory would ask that they do this responsibly and with an eye towards the things that actually do cause inflation within these types of self-controlled Fiat currencies. And it doesn't really feel like the US government especially has taken this into consideration and I'm not sure that other countries have either but also very few countries in the world actually qualifies having enough control over their currency for mmt to actually apply to them anyways so really this is only a few countries in the world that were actually talking about here. In addition to that there are a number of countries that due to the amount of vital resources they have to import it would be very unlikely that they would ever be able to do much with MMT even if it was implemented in their country because there's only so much that they can do with their own natural resources.

[@sarcasmo57]

Luckily I recently got rid of all my money. Not afraid of inflation anymore.

[@oldmoney1022]

.... so how do you live without money and can still access internet?

[@nl5455]

He’s on the library computer. I was studying nearby and saw him there.

[@maxfrankenberg8260]

what did you exchange it for?

[@andrewtate5252]

@@maxfrankenberg8260 for Dogecoin

[@-TheMaskedMan-]

@@andrewtate5252 Bullsh*t. I wanted to laugh but I might be the one surprised. Who knows 🤷‍♂️.

[@captainteutonica5474]

"Racoons only know two things. The world is garbage and garbage is delicious." - John Wayne

[@stanislavdaganov574]

5:36 This is absolutely correct: it can avoid big economic hiccups. For THIRTEEN months. Done by Germany. Done by Hungary. Done by Yugoslavia. Done by Bulgaria. Done by Zimbabwe. They all decided their financial problems, coming from bad fiscal policies, from wars, from imposed reparations, from high corruption, and so on, in this way. For "thirteen" months. It works for about thirteen months, and then people realize what happens, they panic, and then hyperinflation wipes it all, resets debt and economy, and they start from zero. Literally from zero, that is: HIGHLY IMPOVERISHED.

[@mr_whyy]

0:10 is the perfect example of biased statistics, for those of you who are less familiar with this technique: * highest number is 23114, lowest is 21655, the difference is only a couple hundreds but on the chosen scale it seems like an enormous difference. * the graph is not dated so no way to know when it was released, if it was released mid january then the numbers are incomplete * there is no geographical data, are those numbers local, if yes from where ? * the x axis data (horizontal ruler) does not match the y axis data 0/10 please give better graph

[@bomination.]

capitalists cause all the worlds problems then insist we need more capitalism ..... they are the definition of insane .

[@Maouww]

"Many people scroll down just to read the comments" - A wise saying.

[@GeorgKallenbach]

This ones a bit too good for my taste XDXDXD

[@Fred_Stallone]

“Everything ok!” -Sum Ting Wong-

[@budlight2969]

wi tu ló holy fūk bing dang ow

[@murder1625]

Ho Li Fuk

[@holeephuk1161]

Ho lee phuk you're right

[@kimblandino]

RIP 'Captain' Sum Ting Wong

[@adobotravels]

A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain. Mark Twain

[@rizmacadillac]

People talk about poverty, of course. I was noticing all of those High-Rise buildings in this video and wonder how many floors are empty and how many buildings are at low capacity amidst all this poverty? A couple of teachers encouraged me to study economics and the economy when I was young and two other teachers told me Economics would be worthless. I think I'm glad for the study ... mostly about money and wealth and such... but the more you know .... I suppose if you know enough the world will be better for you. Thanks for this. After Covid and in the middle of a "war" and all we are all hoping for a better, bigger, brighter future.

[@Emilioo72]

“The government doesn’t actually govern mints” - mona lisa

[@im3phirebird81]

No, it controls (=govern) minds (=ment)

[@chillscrill6116]

Touché!!! #ItsChillScrillBaby

[@wtlandry2]

Dark Ages are coming, that's for sure. I think a lot of us can feel it.

[@alazkaalazka6087]

Not the dark ages per say but I definitely feel something big is coming.

[@sab5686]

@@alazkaalazka6087 me too there's something in the air

[@Xyvus.]

Everyone start reading your bibles cause the end is near

[@wike1138]

Invest in ammo not stock.

[@loganqueenan4937]

Said every generation since Mesopotamia

[@reubster529]

After the Great Depression there were laws and restrictions put in place to prevent something like that happening again and to target monopolies and risky deals now we are at a place where you cannot even enforce any safeguards any longer, the pursuit of money has yet again prioritized over the wishes of the people that’s the most in democratic thing I’ve ever heard and it’s happening in a Democracy and who had to pay for this recklessness at least twice in the last 100 years the people not the irresponsible, the ones that just want to live and support their families in a safe place where they can get value out of their homes in a few decades for the next generation but they had to make owning property out of reach too did they? Disgusting. Just like In lord of the rings and the money sickness it’s true it can really take the human out of people.

[@areeyedee]

We have made the fatal error of being too dependent on other countries. China has been the world’s largest producer of pharmaceutical ingredients since the start of the millennium, and it now produces 60% of all intermediates, which are the essential building-blocks for the active ingredients used in medicines. Although both the European Fine Chemicals Group and Aschimfarma, through its Vice-President Baccalini, have shown that Europe can cover 90% of the production and technology requirements for the 350 pharmaceuticals tested, it is home to just one laboratory covering all the stages in the production of life-saving antibiotics such as penicillin. WAKE UP PEOPLE. I extra made a song that talks about this and other issues.

[@clyde15]

Some homeless dude in Kensington was freaking out on me today he spit on my shoes and said “buy GME” I truly believe we are in the end times.

[@chief5981]

Did you punch him in his homeless belly?

[@heartsfear9216]

He will be laughing at you if his GME stocks hit Sky Numbers

[@angelgjr1999]

Saw a homeless crackhead throwing up inside a gas station yesterday. He had a brand new iPhone...

[@heartsfear9216]

@@angelgjr1999 wtf 😂😂😂

[@nunyabiznes33]

@@heartsfear9216 The beggars in my country have better phone than me LOL

[@WormholeJim]

"If money was made out of food, no one would be rich but everyone would be full and happy" -Quote Machine

[@akhilpadarthi4743]

👍👍

[@100Bucks]

That's how it was intended to be, but money came. We only need basic things. Food, clothes, and shelter. We're supposed to be hunting are own food and growing our own produce. The Elites came, stole all the land and made everybody a slave to a dollar bill.

[@limitless1692]

WormholeJim When You will understand that people that think like you make this depressions and economically collapses . You may have a chance to be somebody useful . By useful I mean useful for yourself not for me or anybody !

[@grahambriley2619]

@Merit Ocrassie Finding food and building shelter in most environments is pretty easy if you know where to look and what to do, which you can guarantee our hunter/gatherer ancestors did. But we are beyond our ecosystem supporting this many primitive lifestyles. Got us crammed in here like sardines.

[@vc400]

Cant imagine being in the animal kingdom and everyone seeing each other as "money" or "food" 🤣

[@aileenokeeffe88]

Considering the news reports in Jan 2022 that a billionare is made every 26 hours this is pretty accurate 9 months later .... this is like watching a slow-motion car crash while sitting in the passenger seat