Why Can't We Just Print Money to Pay Off Debt?

[@KrishSharma2112]

if money grew on trees, it would be as valuable as leaves ....

[@ohmandamp]

Some various forms of money: Native Americans used shells and rocks, ancient Chinese used tea leaves, medieval Europeans used grain. So other peoples have found money in all places but trees. Come to think of it, leaves would make poor money; once plucked, they would quickly whither, disintegrating once you touch them. And of course there's gold and silver coins, but what value is a gold and silver coin outside of facilitating trade? I suppose gold could be melted down to serve as electronic components, but back during the Middle ages, the heyday of metal coins, the only other function of gold and silver coins was to look pretty, just like the masterpieces in miniature paper money of today are.

[@funkyguy99]

what if I destroyed all the trees in the whole world and kept one, the value of the paper money world be priceless cause I own the tree.

[@ohmandamp]

funkyguy99 People would revert back to good old bartering, and then use something else as currency, like precious metals.

[@swatboy763]

besides that how would you breath easily?

[@tadavlogs4291]

its ok too, the IRS taxes bartering of goods too

[@joaovitormatos8147]

I watched this video for the first time when it came out, I was 16 and got completely amused by it. This year I will receive my Economics degree and I cannot thank this guy enough for showing me the way through the job I always wanted

[@unlockedaccount]

wow well done 🥳

[@skoipe3227]

woah congrats

[@actic555]

Phew! Thought there would be a scam.

[@Mulberry2000]

the video is wrong and econonmics degree is usless they do not teach macro economics

[@Leonardo-po7ht]

@@Mulberry2000 "They do not teach macroeconomics" Based

[@SuomenMato]

What if you print more money but don't tell anyone

[@zaiman97]

Inflation will still happens... And your currency will be sky rocket high.

[@ThanhThanh-ex5ux]

Exactly what I thought

[@TheGuyNobodyReallyLikes]

No, what he or she could also mean is that if you secretly printed money all by yourself that had all the features but was still a fake note, but you never told anyone about it and just used it in locations where nobody has any idea about it or checks it or even bothers to find out.

[@shminceshminceshmince]

Suomen Mato You go to jail when the police find out.

[@Wonejo.]

you would cause inflation the moment you spend it anyways.

[@billisultan6224]

I am a student of Business studies and here I am, watching this video that answered my question that I had on my mind for years.

[@NopeSecret]

Sorry but.... How low is your IQ that you actually take this in school? I am laughing at you right now.

[@alizehsohail2048]

Here's a broader perspective....anything that becomes abudant or easily attainable, loses value. (just like money)

[@lukidwiputra4644]

not if the demand is equal to the supply.

[@Andrew-bc1wo]

or baseball cards if u have a rare one its worth money if there is alot of one then not so much

[@davidbabic6121]

Or like an easy woman

[@solascriptura-e7t]

Which is why salvation is EXCLUSIVE. Acts 4:12

[@austintarigon1783]

Luki Dwi Putra abundance implies the supply outweighs the demand

[@dead2675]

Nobody: Me when I was 8: Why don't we print money to get rich Zimbabwe: let's print money to become richest

[@someinternetbox168]

Jammy they are trillionaires with a few USD

[@sarathch1]

I still can't believe. USA is the one who printed hightest amount of money and still called rich

[@sarathch1]

@@ericarevalo8649 I am just trying to understand not anything else. US debt is $22 trillion (not sure how they repay it) and general public savings are around 8% . What happens if say China slowly sells USA debt.Also In future reliance on fossil fuel reduces dramatically. What happens if some of the countries don't trade in $ but instead their local currency

[@jotarandom]

5 y.o kid: Why don't we print money to be rich Weimar republic (1923), Zimbabwe (2008), Venezuela (2017), Grece (1944), Yugoslavia (1994), Hungary (1946), China (1943), Bolivia (the '80), Serbia (1993), Zaïre (1996): Excelent idea kid

[@mrcr45]

dont feel bad..at least u have abt 90+percent of AMERICANS thnk just like tht

[@massineben7198]

8:55 The biggest economy in the world owes more than 60% in debt to (technically) itself. let that sink in.

[@honkai8692]

dw buddy China face the same problem as well.if not worst

[@lyh0619]

so us has more debt than they have gdp......

[@cheetobag2355]

@@lyh0619 yup

[@Ab-wx1jr]

It actually owns 125% that is more than the gdp.

[@lyh0619]

I researched and i can say japan has the worst debt. They don't have the most debt, but their debt is 2X bigger than their total GDP. my home country (south Korea) only has 40.77% of its own total GDP (im so proud of my country) south Korea originally had 10% of its own GDP but because of the economic disater that happended in 1997, We had to get debt. if it wasnt for the crisis we would've had one of the least debt:GDP ratio in the world :(

[@onehillyboi]

During WW2, the US created a new dollar for Hawaii that was dubbed the “Hawaiian Overprint Note”. Their value was equal to the USD, but in the event that Japan invaded Hawaii and captured US forces, the US government would label the currency as completely valueless so the Japanese couldn’t use it or exchange it for any reason

[@ryanred1525]

Lmao

[@PremierCCGuyMMXVI]

Yep, very interesting time in history

[@Daniel_Huffman]

That is a genius idea.

[@aleynab8583]

Not narcissistic at all

[@aleynab8583]

@@Daniel_Huffman you'll only think it's brilliant from a psychotic power hungry point of view. Do u think it was brilliant that the twin towers were demolished and innocent Americans unknowingly sacrificed their lives so the US can continue to manipulate and control other economies? (Flase flag operation) It's some deep f'kd up shiittt is what it is.

[@susancarter6503]

I liked the conclusion where money was compared to leaves.

[@aegi9931]

Funny thing about it is that fiat currency is actually printed way way more than leaves can ever grow on trees. US for example, the reason it cant pay off debt is because the current monetary system is designed on simply adjusting debt ceilings, print more and more currency and do some deficit spending. All the while central banks act the middleman between the treasury and federal reserve enriching the elites with all the interest rates, bonds and IOUs. Fiat Currency is basically printed out of nothing (not backed by gold or other precious metal) much like leaves grow on trees. This video seems to mistake money and currency for the latter stores no value overtime besides from the confidence given by the government for its purchasing power. Funniest thing is that we pay taxes for all this printed paper currency which is basically printed out of nothing.

[@Tampa0123456789]

Can't compare to leaves cause leaves have value.

[@mohamedshakaal1545]

@@Tampa0123456789 Corona Also have Value Get Fucked 😁

[@joesmitty34]

@@Tampa0123456789 true. But u can burn paper too.

[@Monk-Amani.]

@@Tampa0123456789 : Never mind.

[@wamsang7818]

Short answer: Printing money makes it worthless

[@NoobMachiavelli]

There are some adults I know who refuse to believe this. It's sad. Sometimes I think it's reasonable to blame an average person for his misery.

[@spiderjuice9874]

A single country, or group of countries, cannot print their way out of debt, this is true. But what about if *all* countries end up in debt, due to - say - a Worldwide lockdown (or two)? Surely then they can agree to 're-level' the debt, wiping the debt of the country with the lowest debt, and reducing the debt of all other countries by this amount. This is because the Earth owes no debt to external entities, so the planet as a whole is debt-free by definition.

[@NoobMachiavelli]

@@spiderjuice9874 some countries have 0 debt raised via foreign entities. Some countries have taken up huge debt from foreign entities. Your logic would punish the former for practicing fiscal responsibility sensibly.

[@spiderjuice9874]

@@NoobMachiavelli Not so, it would just derail my suggestion: all countries would then get zero taken from their debt, which wouldn't change things.

[@johnemonroe]

Spider Juice The debt is not owed to other countries, it is owed to individuals, banks, pension plans, businesses and insurance companies. Cancel the debt and their savings will be lost, people will lose their pensions, insurance companies won’t be able to pay out, and banks won’t be able to honour people’s deposits.

[@acproductions4111]

"Why dont we just print money to pay debt" Germany:i seen this before its a classic

[@acproductions4111]

@PRO HEN hell yeah philipines will be rich

[@redcat5697]

@PRO HEN we don't owe china anything but war!!

[@verticalflyingb737]

@PRO HEN bro chill

[@MrMassivefavour]

The secrets of Oz ... kzbin.info/www/bejne/r5uqqp2Lm6mihJY

[@ceychungyu7462]

Weimar Germany's printing money caused severe inflation, but not when the hegemon prints money, inflation and the theory of Keynesian BS goes out of the window, because the pockets are still deep and available as a reserve currency instead of gold. Every time the US dollar is under attack, a false flag is raised in the south china seas or the Arabian gulf the bogeyman is Kim Jong Un, or Iran. To bring back a strong dollar.

[@drmichaelsunsschoolformath]

I think the most important part of this topic is that money IS simply printed to pay off debt. Not only does it pay off debt, the inflation devalues the remaining debt as well.

[@neowuwei7851]

Printing more Fed Debt notes just creates more debt for the USA. That is why the national debt is over $31T.

[@RobiePAX]

So, if I owe you 100 Billion. I print 100 Billion and pay you back. I fucked my country with inflation but my debt to you is paid, right?

[@dragohammer6937]

yep. bad ideia.

[@allu7112]

its not paid becose the money isnt worth the 100 billion if u print it

[@RobiePAX]

But who says that I have to pay back in a foreign currency. If I took 100 Billion dollars, then I have to pay back 100 Billion dollars. This is not an exchange something for something. I owed you a specific sum, I paid it back. Inflation shouldn't increase your debt. Only agreed interest can increase your debt.

[@Deadlines-X]

Did you not watch the video? if you owed 100 billion dollars, and you live in England and you somehow printed out 100 billion pounds the moment you did that the value of the notes would fall drastically which means you would need to print more to make up the difference which would make the gap even bigger creating a loop in which you could never catch up and thats how you end up with an entire countrys money worth less than a penny.

[@Avatarbee]

From what I understand that is basically what happened in post WW2 Germany. During the war the people of Germany were encouraged to buy "war-shares" which was basically just the citizens lending the country money. After the war Germany couldn't pay it's citizens, so with the help of the United States they introduced a new currency and exchanged a very small part of it into the old currency which at that point was a inflated mess and paid it's citizens a few cents. So all the german people that bought war-shares got screwed over since thanks to inflation those shares were worth nothing. The only people that came out the other side ok (financially) were those whose wealth was stockpiled in goods which had none intrensic values. I might have gotten some stuff wrong so feel free to correct me.

[@realog868]

*Why Can't We Drink The Water During Tsunami ?.*

[@rickt1866]

because there is shit in it

[@rickt1866]

@GuitarTee ROBLOX fair enough lol

[@verticalflyingb737]

@GuitarTee ROBLOX well it's better to ask stupid questions than look like a dumbass later

[@onetyone7359]

Clever sir, Short and direct explanation.

[@henkholdingastate]

@GuitarTee ROBLOX this is the problem with the fiat currency from the fed

[@esepelisa]

Can somebody explain this to the FED

[@CIorox_BIeach]

I'll give it a shot.

[@evertola3598]

This is just superb, I been tryin to find out about "how to rid debt" for a while now, and I think this has helped. You ever tried - Konabriel Denarper Blueprint - (should be on google have a look ) ? Ive heard some super things about it and my colleague got great results with it.

[@calvinsylveste8474]

You dont need to print money to eliminate debts. Step 1: Borrow money and buy lobster and cognac for the poor. Step 2: Go to court and have a bankruptcy judge declare your debts null and void.

[@MrMassivefavour]

The Sectrets of Oz. kzbin.info/www/bejne/r5uqqp2Lm6mihJY

[@tripelon]

@@calvinsylveste8474 what?

[@PhilipMurray251]

What's needed? Liquid cash. Everyone only has credit. If you have stacks of cash, you can capitalize on everyone's credit. A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying.

[@Robertgriffinne]

Cash can be king , but it depends on how much you have. I.E- if you have 300,000 cash when the house market crash occurs you will have a LOT more opportunities VS many others especially when people get foreclosed.

[@Natalieneptune469]

When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.

[@marianparker7502]

@@Natalieneptune469 You are definitely going to want someone who has experience managing a portfolio in bear and bull markets. I invest in all of the major markets, but not alone. I mirror the trades of "CORINNE CECILIA HEANEY" who you may have seen on the news performing stock analysis. I can confidently claim she's worth her salt as a financial consultant since her diversification abilities are top-notch.

[@Alejandracamacho357]

@@marianparker7502 How does a single Dad get started with investing? Seems I've been a loser by saving and spending😫........How do i get in touch with this financial consultant whom you mentioned?

[@marianparker7502]

@@Alejandracamacho357 You can look her name up on the internet. She's renowned and has quite a following. So it shouldn't be a hassle finding her official webpage

[@mooseyman12345]

Short Answer: Inflation Long Answer: Inflaaaaaaaaaaation

[@rawunfilteredtv]

Hugo Carrington 😄

[@pinoyanonymous4353]

🤣🤣🤣

[@dharma4914]

Reality: fake news. Inflation's not a problem

[@postitdude1]

@@dharma4914 you tell me inflation doesn't matter when everything costs twice as much as it did before yet you're still making the same income. Laughable.

[@th3gov3rnm3nt]

@@dharma4914 Zimbabwe

[@ph_hacker_d]

Who’s watching during corona?

[@ID7501]

Me lmao. I am trying to understand stocks and all the terminology that involves the economy lol

[@ID7501]

Burt Gummer dang I will have to go take a look. Thank you!

[@joham]

During Corona beer?

[@blackscreennoiseforrelaxat1517]

ph_hacker_d guilty lol 😂

[@SafeSleet0]

Printing macchines are doing Brrrrrrrrr

[@thelordofthepotatoes5653]

Money could actually be quite useful when stranded. Good for starting fires.

[@khentaxton1858]

el bravvo!

[@DoctorX149]

Nah nah nah man, you gotta go to school and trade it for american dollars. I've seen stupid kids buy a foreign "10,000 $ bill" for like 20 bucks when it's only worth 1 or 2. You can make fucking bank selling foreign money

[@mrsavage4837]

TheLordOfThePotatoes forget that. What if you need to wipe your shit filled ass

[@IHateYoutubeHandlesVeryMuch]

That's what Pablo Escobar did to $2,000,000 one time.

[@jerichosamurai]

Or wiping your ass. Sea water would give you a rash.

[@joshuabenezra6966]

This video really matured very well over time and everyone on earth who wonder why they are working harder should legally be required to watch it

[@davidusa47]

2014: Why can’t we just print money? 2020: Turns out we can!

[@brandstefff]

David turns out we have since 1913

[@wojtekthebear4958]

That's a straw-man of his argument also what's going on right now is the exception, not the rule. You know, Quantity Theory of Money?

[@wojtekthebear4958]

@@Ekyllier That's not true at all. Debt as nothing to do with the equation for inflation.

[@brandstefff]

Ekyllier sorry but you don’t know how the monetary system works get educated

[@brandstefff]

@@Ekyllier great book to start is The Creature from Jeckyll Island its a easy read, enjoy

[@soulg1969]

The funny thing is money literally does grow on trees.

[@alansands256]

Explain

[@nostalgia9338]

Alan Sands paper comes from trees

[@robertasmedu]

@@alansands256 look at governments across the globe. Suddenly they all started borrowing. But from who? Direct financing by no one else but central bank. :)

[@sirnamejames1992]

😂😂😂

[@manikandan_k]

No, money doesn't grow on trees. It comes out of Fed arse.

[@maxwellfoli1695]

KZbin should give a star ⭐️ rating system! Very clear and understandable video. A lot of education in just 10min.

[@susa.k.a.pinkguy2036]

Maxwell Foli it used to have that a couple years back...

[@yellowstarproductions6743]

@@susa.k.a.pinkguy2036 agreed

[@yellowstarproductions6743]

@@susa.k.a.pinkguy2036 but I think KZbin should bring the five-star system back.

[@ExxonMobilCompany]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio

[@charlotteflair1043]

@Lucas Williams I've been in constant contact with financial examiners ever since Coronavirus. Buying moving stocks is now quite simple; the key is knowing when to purchase and sell. My attorney issues the section and leave orders for my portfolio. accumulated from an initial stagnant savings of $150,000 more than $550,000.

[@slketx6228]

bot

[@IceKnight678]

Give it to me

[@charlotteflair1043]

@@IceKnight678 She is Julie Anne Hoover my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

[@srinivasavaradhan4231]

Understand there’s no right or wrong decision. But you have make one😊

[@collinvlog]

2013: "Imagine if the government sent money to every American" 2020: Yep that's why I'm here. Anyone else here in 2020?

[@lgetoff]

Collin Michael yes

[@JefferyScottFitness]

Bitcoin and gold peter shiff was right

[@triplelordchaos]

Hahaha yep welcome to hyperinflation hell

[@fhowland]

They did it in 2009 too.

[@frankgarrett242]

Moron. The virus should be allowed to infect everyone. Cremating one million people is much cheaper than shutting everything down.

[@befaction3717]

*Weimar Republic wants to know your location*

[@zhuolixie5922]

Zimbabwe government want to know your location

[@prc8204]

That was what i was gonna say when i first watched this lol

[@saw7191]

Postwar Hungary wants to know your location

[@ValBoon997]

*HITLER HAS LEFT THE CHAT*

[@andrewcollura3760]

You mean the USA. The whole world is the Weimer Republic, with USA leading they way.

[@cjjimenez6635]

Based on my knowledge of economics so far, printing more money to pay off debt is actually a precursor to hyperinflation just like what happened to Zimbabwe during Mugabe's rule and Venezuela during Maduro's rule. Printing more money prompts people to consume more causing a high demand while supplies run low because of the increased demands forcing vendors to higher the prices. Then the cycle of printing more money, increased consumption, decreasing supplies, higher prices will repeat again and again which will eventually lead to hyperinflation.

[@vintage4198]

Hello What if the money didn't pass through the people. Example say USA owes china 1 billion $,the treasury then prints one billion$ and deposits it to china directly

[@shivampatel4595]

@@vintage4198 Thats also my question.

[@andrewgeissinger5242]

@@vintage4198 So you're saying what? That China isn't going to use the money for something? You think they're going to put it in a safe somewhere where it doesn't earn any interest or return? If they use it to buy something it will go through the people.

[@NopeSecret]

Wow!!! Aren't you a smart little cookie :O Now wrap your head around this. Every single new human in society causes inflation. We take debt for school, a car, a home. Every single human being if they live a normal life will incur around 500,000 in debt essentially increasing the amount of available currency by 500,000... as loans are not actually loans anymore. When a loan is given out by a bank the balance is achieved by creating new wealth for the debt not by lending existing money being held in the bank. What a cool system.... a system that literally allows for the creation of money... lol... Average IQ people are a joke... an absolutely joke.. no wonder society is hilarious.. average people everywhere.

[@theoutdoorguy8740]

You mean like what's happening right now?

[@Lucy_Honeychurch]

It’s not because we “believe” it has value, but because we all “agree” that it has value. There is a huge difference.

[@abdurrahim3785]

Same shit

[@mariotheundying]

So, we believe it

[@flavio7180]

It's not about belief or agreements. The government forces you to pay your taxes and for goods and services with the fiat currency of the country where you live. Try paying your taxes or paying at a restaurant with milk, or with chairs for example. Not gonna work.

[@CraftQueenJr]

And now we have Venezuela.

[@billasswhole9995]

Venezuela: Zimbabwe, hold my beer!

[@ivanbregar1646]

One ounce of silver can buy you months of food in venezuela. People forget that gold and silver are the real money. It doesnt matter if you brake it in half, throw it on the ground, it will be worth the same. You can dig up roman gold coins and they are still worth. Because its the metal that matters, not the diget on a coin. Now eh have worthless metal that any bimbo can mint. You have to understand that government is a bunch of iresponsible morons. They dont care, but people suffer.

[@numanuma20]

@@ivanbregar1646 Amen

[@luckylui3282]

@@ivanbregar1646 : Are you really this ignorant or just another "sound" money shill? No precise metal has ever been a standard of value, ever. Is someone legally bound to accept a shiny things in payment of debt??? Does the gov accept it in payment of taxes??? If your ignorant please learn the true history of money (suggest looking to the school of anthropology not economics for that) and stop perpetuating this nonsense. Gold and silver are one of the largest financial swindles in human history. If your a shill go pound sand!

[@minecartrider7057]

And 1923 germany

[@mahmoodkhair6947]

Federal Printing Company: Yo.. Jon .. *STOP THE PRINTING MACHINE* Jon: Why? FPC: I've seen things... Jon: You been on KZbin again ???

[@rupendrakeisham6698]

In my childhood we played by using leaves as money to buy imaginary things . Every child tried to pluck as many as they could from d trees. Initially our friend acting as the shopkeeper, charged small prices (one/two leaves) for everything. But when we approached him carrying bundles/sacks of leaves; he got confused and so us. We all threw those leaves down and went in search of Larger size Leafs instead and the chain went on... Inflation happened back then .

[@ulrichleukam1068]

Now kids play Fortnite :(

[@NopeSecret]

Yeah... well.. did a random person come along and say no one can trade for your leaves? Thats essentially what NATO is doing to Russia to try to harm their economy. Too bad Russia + China = Self Sufficient. All Russia needs to do is trade Oil with China and then they will be fine. The economy worked when currency had inherit value. Now however the government wants us to trade using invaluable currency that is heavily regulated by them. The Economy is such a joke in order for Americans to use it their country had to forcefully buy back all the gold from its citizens.. because.. ya know.. America.. freedom.. lol.

[@Esmaesme56]

“Why can’t we print money to pay off dept?” Weimar Republic: Good Question

[@Lol25Playz]

2:16 He says 1972 instead of 1792

[@thesupertsar4473]

*No Comments*

[@hugoejerafmrgreen292]

Ok do u think we fucking care?

[@EthanBoBethan]

Yes

[@hxxwk]

*FUCK OFF*

[@crazy1prabh]

If listen closely he says 1792

[@jamesbarrett6814]

2013: Never print more money 2020: Lets give everyone cheques

[@thelastoneontheplanetearth]

i didn't get a check, and i probably never will.

[@carlkpsplucky5554]

Ice Cube lol.

[@ImranAli619.]

They would’ve earned the money through jobs anyways tho

[@crestfallenwarrior8435]

@@ImranAli619. They had to print more money. Not the same thing as just making it at work. That money was already in circulation

[@kemranullah]

I tried so hard and got so far, But in the end it doesn't even matter Because I ain't understood shit

[@choirabbit4142]

same

[@NewEdens]

In the end, it doesn't really matter!

[@menudk97]

its okay bro, you've through a tough day, just don print money okay, because if everyone is rich, then everyone is poor

[@AnthonyRHudson22]

That's a great song by the way...

[@kmuturi238]

Lol, same here. This is like the 100th time am trying to wrap my head around this inflation thing but I've never been successful. I think finance just ain't my thing 😹🏃

[@Justice4NounTTP]

I remember when I was a child in Hungary my grandmother told me if she did not get my grandfather's daily wage at noon she would've got less then half at the end of the day. So people promised to work to the end of the day, so they can get paid at the middle of it.

[@SpeedOfDarknesss]

You can print money to pay off debt, it’s called debt monetization and pretty much every country in the world does it. The trick is to not do it too much or all at once. Other tricks include borrowing in your own currency and being the world’s reserve currency.

[@neowuwei7851]

And that's why US debt has reached over $31T in 2023. "How's that strategy working out for you?"

[@SpeedOfDarknesss]

@@neowuwei7851 I'm not american, so not sure why that question is directed at me lol. My point was not to argue in favor of the actions of any specific government, just to point out that "you can't print money to pay debt" is oversimplified and misleading.

[@neowuwei7851]

@@SpeedOfDarknesss I wasn't addressing that question to you specifically, but more to the audience.

[@y...salvador...y1497]

What u said is meaningless.

[@SpeedOfDarknesss]

@@y...salvador...y1497 Solid insight, thanks.

[@triggethridge9326]

and this is why we need economists running the country and not idiots

[@hasshamhabib2068]

Trigg Ethridge I'm sorry but Trump isn't an Economist he knows how to handle money but an Economics is much more -me 12/18/16

[@triggethridge9326]

Hassham Habib no i was saying trump was the idiot, actual economist think trumps tax plan is terrible

[@triggethridge9326]

tychaíos adeiázo i didn't know stating facts meant you were a troll

[@nousername1916]

Trigg Ethridge and we don't need trump btw

[@moritz4292]

People who are in debt, are this not because of “Zionist Bankers“, but of cause of their free choice.

[@911madeinamerica]

Gold and silver has tremendous intrinsic value, such as being used in electronics, medicine, water purification, jewelry etc. also money is not the same thing as currency.

[@07_danishwistara29]

Currency: circulation as a medium of exchange(Merriam-Webster), and money is a medium of exchange that is in circulation (Merriam-Webster). Go watch the video and pay attention

[@TheAntiYuu]

Scrooge McDuck taught me that in Ducktales. "Of you replicate so much money, everyone will have the same wealth, my fortune is worthless."

[@ndorobei4391]

And Scrooge will be as poor as Donald.

[@TaniaHernandez-lr8el]

I don’t understand what he is doing with his tongue

[@watchoutwhat]

hyper-vetriluquation? :D However, thanks to the video creator for the information.

[@yuegonghuamei6685]

I know, sound like he use his tongue twist n turn while speak English. Wonder what his mother tongue though?

[@maogu1999]

He's Scottish.

[@malikaamirkhanmamoon]

Hahahahahaha.... right

[@TaniaHernandez-lr8el]

That Lazy Trader she's wondering about his tongue too.

[@clickbox3211]

Things scientists cant explain: 1.Bermuda Triangle 2.Area 51 3.KZbin Recommendations

[@Antjc3]

@@dowskivisionmagicaloracle8593 wtf

[@blacklyfe5543]

Lol

[@anhbayar11]

@@dowskivisionmagicaloracle8593 ahhaha i love it.

[@safi8924]

KZbin recommendation work on ur saved nd searched data...it is called the artificial intelligence...a new phenomenon which will revolutionize our future.

[@atsonaga5520]

😂👍🤣

[@calebtimes453]

It is hard to imagine today that 1 Zimbabwean dollar equalled to 1.25 usa dollars at one point.

[@chronobound6617]

+Julius Cesaer I don't believe that is true look at Botswana Namibia, Zambia even Tanzania and Malawi maybe even Lesotho and at a push south Africa are safe(r) and more developed African countries with good (better) leaders southern Africa Is nothing like central and east, even west African countries are improving

[@ravinjaysiton1669]

This answer my questions for years. Thanks man!

[@surajtomar4870]

For all of u folks who didn't get an A+ in economics Skip to 9:41.

[@deerwin2470]

Gunmaster G-9 thanks

[@markwarburton6201]

Tell that to private banks who print the majority of money into circulation through credit demand. Suggest you look up Professor Richard Werner and educate yourself.

[@markwarburton6201]

kzbin.info/www/bejne/f6uoYWZuh6qqaM0

[@kqh123]

Inflation is an increase in the money supply; rising prices is just the symptom.

[@edsknife]

Right, the real problem is when things aren't adjusted to inflation.

[@movinon1242]

Increase in the currency supply. The only real money is gold and silver.

[@kqh123]

@@movinon1242 true. no need to debate semantics

[@mutton_man]

Inflation is an increase in prices, an increase in money doesn't mean that prices increase if goods and production is also increasing. To say increase the money supply will cause inflation is very misleading.

[@jovenelpierre2630]

We all know money doesn't grow on trees, I really need to start making extra cash for retirement and investments.

[@davidkhanh6614]

Aggie how are you able to make profits.. I recently started trading about 2 months ago and I still find it hard to make profits... I'd appreciate your response

[@davidkhanh6614]

A friend made this same suggestion but am yet to find a trusted expert to assist me.

[@jovenelpierre2630]

good content I have been making research about forex for a while

[@davidkhanh6614]

OK so how can i get in touch with him?

[@allenrick331]

interesting

[@elizabethmark410]

I appreciate this video This is exactly what I need as motivation.

[@bryantom167]

When you invest you're buying a day you don't have to work.

[@brittanyronald208]

Assets that can make you rich

[@brittanyronald208]

Bitcoin Stocks Real estate

[@serenitystephen3132]

You're right sir, it's obvious a lot of people remain poor due to ignorance It's better to take risk and make sacrifices than to remain poor.

[@sophiealexander3017]

It's not ignorance but due to some unprofessional expert in the market.

[@WonderWhy]

Suppose I better start using Google+ then, since KZbin isn't giving me much choice in the matter!

[@Y_Diafol]

I love you wonderwhy, I'm only 12 and i wonder why you haven't got a lot of subscribers yet.

[@compac39]

Hugh Jarse i agree with you dude except im only 10

[@Y_Diafol]

Pawel DoesGames Then we have something in common

[@tesla_autopilot]

You said 1972 not 1792 about the Coinage Act

[@nickludwig7665]

Hugh Jarse im 11 lol

[@KompjuterFantomSrbija]

So, if we burn or destroy money its price goes up?

[@djprojectus]

Kompjuter Fantom If you destroy money theyr value will increase because the volume willdecrease.

[@KompjuterFantomSrbija]

Jesus i only needed one aswer not 3

[@KompjuterFantomSrbija]

+Djprojectus well i'm not ungrateful just i wasnt expecting alot of answers thanks anyway

[@therandomhat_]

How DARE you be so ungrateful to so many answers! People in deviant art could eat those comments!

[@tanan8116]

Kompjuter Fantom Yep.

[@ViralKiller]

Scoooooiiishhh! Welcome to the brotherhood brother...

[@MushroomMan64]

o hi

[@UPAKHOSALA]

Learning for majority is boring and Cumbersome so obviously everything will be schoolish

[@wattson451]

@@UPAKHOSALA schoolish? “Scooooiiishhh” is the pronunciation for Scottish. Smh

[@JudoCruiseGaming]

@@wattson451 thanks for splainin that, now i get the joke too!

[@GustavoSilva-ny8jc]

I remember that the Zimbabwe story was so shocking that became printed in my mind, and now rewatching years later i discover that it was not even the worst! (i'm really happy that this is the video, by the way, and that it still exist). I don't understand how leaders of a country can make such stupid decisions... it's mindboggling. Awesome presentation and narration, the timing for the "plot twists" was perfect.

[@Razijall]

Don't worry or even think about it, USA is by far country with bigest debt in the world, and they just continue to print money without any backup. There is numerous videos of that, you could check them as well.

[@henrygustav7948]

I hear this story told wrong all the time and therefore people become even MORE confused about money and inflation. Zimbabwe had hyperinflation because they took away farmland from skilled white farmers and gave them to unskilled workers totally destroying their ability to produce food. The Govt then paid their soldiers more money to meet the inflated prices due to supply shortages. The cause of the hyperinflation was the destruction of production not printing money. Printing money was an effect not a cause.

[@GustavoSilva-ny8jc]

@@henrygustav7948 Crazy the impact of expertise. I only started to understand better after reading "Make it Stick", for certain positions as a doctor you only get that name after years of experience and proving yourself. So the status itself carries great importance, it's like gaining a bjj black belt, only the strongest have that.

[@silentwatcher1455]

@@henrygustav7948 the production shortfalls will cause inflation but not hyperinflation. Their solution was to print more money. Printing more money cause more inflation which is start of hyperinflation.

[@henrygustav7948]

@@silentwatcher1455 It starts with shortages. No shortage no hyperinflation. It was also not just shortages, they were catastrophic supply side shortages. Also its not "printing more money" it is paying more for a unit continuously raising the level of prices. If a soldier was getting paid 10 whatever a year then gets paid 15 a year, the Govt is raising the level of prices.

[@ifgoh]

US Fed Reserves is printing unlimited amount of money, in 2020.

[@robpalac1603]

Henry Goh it’s ok tho it’s going to end up in the Top 1% and that’s how they keep getting richer and we more poor so don’t worry about inflation that money only going to a few people.

[@tiptopchocolatevanilla6421]

From nothing 🤗

[@EntikM]

@Female Ranger of Norrath Someone likes the ENTER key a lot

[@luissantos4264]

@@robpalac1603 wtf you mean its ok listen if 20 years a snickers bar will cost our kids $2 food will be ridiculous high and living wages will just not keep up at the pace the inflation is real it will be felt in near future

[@RK.7796]

kzbin.info/www/bejne/p2fZmmhobcymm6M

[@Asafo87]

6:19 So you mean to tell me that before hyperinflation, Zimbabwe's currency was actually worth more than the US Dollar?? Yea Mugabe was definitely an idiot...

[@thesupertsar4473]

It was because almost no one was using Zimbabwe dollars in the US at the time and so they were rarer than US currency.

[@BulletCubing]

Asafo87 They paraded on the streets when he was booted...

[@speedyman7768]

Zimbabwe 🇿🇼 is at war

[@smrtfasizmu6161]

Zimbabwe's debt was not denominated in currency Zimbabwe could print. Completely different story with USA, Japan, or any other country that owes its debt in currency it can print. When Zimbabwe printed its currency, its currency was devaluated, and therefore their national debt got bigger in nominal terms, so no matter how much money they printed, it was never enough, because as supply of Zimbabwe's currency grew, their national debt grew proportionately in nominal terms. If Zimbabwe was, however, able to print dollar, or whatever currency in which their debt was demoninated, they would have easily paid off their debt by printing money.

[@DarthScosha]

Can someone please explain this to me, part of this video i do not understand. Ok, so i get that if a country prints money and gives it to its citizens, prices naturally go up, inflation, that makes sense, you cant print too much money, right ? Here is what i do not understand. Lets say my country is 1 trillion in debt to the UK Government. So, i print out 1 trillion, throw it in a barrel (hypothetically) and ship it off to the UK Government, my debt is payed off. How exactly does this cause inflation in my country, all of the money i have printed has been used to pay debt. Or in other words, if all the apple trees on the island are being chopped down and shipped off to another island, how exactly would that make it cost 10 apples for one banana, no one on the island can use the trees, the government own them and they are being shipped off. If no one can use the forest full of apple trees, it would still be 1 banana for 1 apple. As far as the public is aware, the money was never printed, the forest full of apple trees never existed.

[@Nanofuture87]

Cloud Strife If the UK government simply kept the 1 trillion in a giant vault, then you'd be correct. However, if and when the UK government starts buying things with that 1 trillion (whether it be in assets denominated in your currency or using it to buy some other currency like GBP), then that currency enters into circulation and causes inflation from supply and demand dynamics. This is related to why you can have deflation even if the base money supply is increasing and you end up with situations where central banks impose negative interest rates to try to force money out of the 'vaults' and into circulation.

[@DarthScosha]

Nanofuture87 So if you are in debt to a country, how would you pay them back without causing their economy to inflate ? After you paid them back, wouldn't their economy go back to the way it was before they loaned you the 1 trillion ?

[@Nanofuture87]

Cloud Strife Printing money to pay off debt causes inflation to your currency, not theirs. The UK isn't printing GBP in your example. If they started exchanging your currency for GBP, it would actually make their currency stronger (from increasing demand).

[@DJTeddyJetts]

you are a poor poor simple soul...as well as the exact reason why governments so easily fuck us over. congrats on being ...dumb

[@maxmuller381]

Terrence Jetter You don't have to insult him, he's just trying to learn. At least he is trying to learn instead of the millions of ignorant people who refuse to learn new things

[@NoOne-jy6mc]

Inflation doesn't matter if manufacturers are incentivized to produce more goods to outweigh demand. It's only when manufacturers quit, that shortages become widespread, regardless of currency value.

[@dannygjk]

He says that if money grew on trees it would have the same value as leaves. Ironically leaves have real value, they help keep us alive.

[@TemplarX2]

Dan Kelly Some leaves actually have intrinsic value such salads, tea, tobacco, marijuana (probably the most valuable example) etc.

[@dannygjk]

TemplarX2 Well yes as I said they help keep us alive :)

[@TemplarX2]

Dan Kelly Intrinsic as one leaf can actually match one dollar in some extreme cases. So yes money literally can grow on trees. Usually those trees are illegal though. Plus what you said leaves are the factories of life.

[@dannygjk]

TemplarX2 No, you misunderstood. I mean the value of what leaves do for the ecosystem.

[@TemplarX2]

Dan Kelly I understood you perfectly. I just added to your statement.

[@zhiracs]

I was very excited to hear the segment about the Hungarian Pengo. It's a semi-obscure piece of history that should be taught more widely.

[@nunpuia748]

Why can't we just print money Money heist: hold my beer

[@aspiringretard]

hold my printer

[@awesomepotato4499]

can we take a moment to appreciate that this video is 9 years ago and has good video quality

[@SilvanaDil]

Zimbabwe is small and rather insignificant. God only knows how many Chinese yuan have been printed. It won't be pretty.

[@wresker8654]

I hope you don't use currency to buy anything you use cause that insignificant problem is going to be a whole lot more significant where ever you live!!..You got a small taste in 2008! Get ready

[@richardbarton8685]

Ahh, there are much more "dollars" in this world the yuan. The fraud worldwide from all governments and central banks is huge and many of these thieves belong behind bars, not living a posh lifestyle at our expense. Alas, we are all slaves to these scumbags until we do something about it. www.annavonreitz.com

[@jerichosamurai]

But South-East Asian currencies are worth less than U.S. dollars inherently by design. Much like how Pennies are worth less. That's why 100 Japanese Yen is equivalent to (generally, the market value changes slightly but stays typically close to) $1

[@JICM25]

counterbills money stfu scammer

[@hoo-rei2746]

Skjdi Zijsi if you can't contribute to higher learning....stay out of it n take your foul mouth with you

[@LatterRainMessage]

Pardon me, but I would like to share some facts concerning one statement made in the video: "Gold and silver technically don't have intristic value" Gold and silver have intristically valuable properties; for instance, they are the best conductors of heat and electricity; they are the most ductile and malleable substances; gold doesn't oxidize under normal conditions; and silver before the industrial revolution (sulfer began to be admitted into the atmosphere) wouldn't canker either. Notwithstanding, it doesn't stop there when speaking on the wonderful properties of precious metals; hence, why they are called precious metals. Silver, I believe, has over 10,000 industrial applications from electronics, war equipment, and medical devices. Silver is money; in many languages the word for money is silver. A dollar is defined here in the States, by the supreme law of the land, as a certain weight of silver.

[@mustafakhuramy8861]

Andrew Mosman dasssssss crazzzzzyyyyy bro, but who asked

[@NighthawkX02]

Exactly, precious metals can be quite useful, but when they're turned into coins they become useless metals which are given a value based on the belief that it has value, but in reality it already lost it, because now its only purpose is to be exchange.

[@eternaljudah9926]

NightHawk precious metal like Gold and silver never lose value, and it never will. It’s Gods currency

[@tedlahm5740]

We can add farm products to the list of valuable commodities. Eating has not been repealed.

[@sparrtonn6195]

Mustafa Khuramy man stfu get smart

[@Daniel-wm5fj]

I still remember when Walter Mondale ( Jimmy Carter's VP ) said that he believed that inflation was caused by the mythical belief that the economy must grow at a rapid pace. Just goes to show how ignorant the politicians think we are.

[@BigHenFor]

In a sense he's right. The wage inflation spiral that ended the Bretton Woods settlement and moved us to fiat money was driven by that belief. The goal of full employment, combined with powerful and effective unions put Labour in the driving seat during a period where the global economy had to be rebuilt. Labour was in short supply, so it had easy access to jobs, with little barriers to entry, so if they didn't like their current jobs, they could quickly find new ones. So, eventually Capital was forced to pay higher wages to attract and retain labour, and that cost was passed on to consumers. Both sides thought the other had more of what they wanted. Labour thought Capital had unlimited means, and Capital thought they needed the Labour, and so they acquiesced. That could not go on of course, and the present economic regime neoliberalism came about as a reaction to that, and its problem is that there is more than enough money for Labour to have a reasonable standard of living now, but much of it is being sequestered by capital, and living standards in the West is falling for Labour. Its the 3 bears problem. If the Bretton Woods was that the porridge was too hot, Neoliberalism's problem is that now its too cold, and the rise of populism is a reaction to that. Unless Capital accepts a reasonable level of return, Labour will want to redress that balance somehow.

[@NopeSecret]

Inflation is caused by a growing population and growing economy. Inflation is about as pointless as our economy. The global economy is designed to ensure 3rd world countries stay poor. The Global economy was really integrated after WW2 and the fall of British Empire. The Global economy was designed to ensure these colonies remain poor and undeveloped. When labour is worth less depending on where you are from.. you need to start to understand the issue with society. When a countries currency is not based on how much of it exists or how much money they have in reserve you need to question things. When a country can have its currency essentially made valueless on a global scale... there is huge issue.

[@JudoCruiseGaming]

really cool vid, proud to be your 745,498th subscriba!

[@JudoCruiseGaming]

it's a pride i will hold my entire life tbh

[@matteomoro3861]

Mugabe's Ghost: what if we print the money slowly this time Rest of the world: sigh

[@AL-mj3he]

Not funny dude....

[@edboss36]

It will work

[@speakthetruth795]

Matteo Moro you need to think your brain 🧠 before you comment . Mugabe is still a hero whether you like it or not atleast you are foreigners from Britain and you didn’t bring Land to Africa so it’s not possible you take African land 😏

[@compassioniseverything4262]

Mugabe should have taken lessons from China.

[@Jhihmoac]

Why can't we print our own money? Actually, the Federal Reserve prints their own money, and it is considered "Unconstitutional", but because they're the FED, a Central Bank, they CAN! So answering the original question is that you can't print your own money because you're NOT the Central Bank, and legal crooks DON'T like "competition"...

[@wojtekthebear4958]

Ha, what? You realize conspiracy loons already tried that claim several times over and were shot down in the Supreme Court every time. The Constitution gave Congress the power of creating money, and they delegated that power to the Federal Reserve through the Federal Reserve Act. Much like how the powers of the FBI, UPS, and the lower courts of the US were delegated to them by the original holders of said powers from the constitution. Anyway, you can print however much of your own money you want. You just can't print USD as the only authority with the legal authority to do so is the Fed. You want to create Crazcompart Bux to compete with USD? Go right ahead.

[@unholykill333u9]

You can print your own money; It's called Bitcoin, Etherium, Chucky- Cheese, Monopoly, or Whatever you want to call it.

[@Dave-dn7yb]

@@wojtekthebear4958 Lol

[@putinscat1208]

The Treasury prints the money, the Fed puts it into circulation. They don't do this just because. They have to back it with debt securities like Treasury bills. The Fed can also reduce circulated currency under certain conditions. But currency grows. Because if everyone has debt, then where is the currency to represent the interest on that? It has to be created in your accounts, and sometimes physically.

[@Lobos222]

Nice video. The Roman Empire should have watched it because they never figured out the concept of inflation. So whenever they wanted to "fix" their economic issues of devaluation. They ironically just coined more money. Under the Emperor Diocletian it even resulted in the Emperor putting up a Empire wide bartering system for tax collecting. Meaning if you where, for example, a shoe repairman or similar. You could pay your taxes in "X hours of shoe repairing" to the state or a baker could pay "X bread" in order for him to pay hes taxes....

[@kierantingle6802]

Someone needs to tell this to the Lannister's, not Rome :D

[@Lobos222]

***** Romans and USA can only be compared superficially. It was expansionist warfare that successfully sustained Romans for around ca 500 years. And if you are insinuating that USA is broke. Then I can inform you that, that is a myth. USA has a deficit, but that dose not mean they are broke. Similar to someone that bought a house and therefor has more debt than they make in wages pr year... USA is still the most wealth producing nation in the world and if they had the political will to do so. They could actually balance the budget and remove the deficit within a decade or two without to much sacrifice. There are European nations with less national debt that are worse of than USA because they do not have the wealth productivity to back it up, but the main reason people still fall for these myths is because they have a hard time seeing the big picture.

[@kierantingle6802]

Lobos222 Wrong they can't pay it back within two decades. They aren't the most wealth producing country, China is. America isn't someone borrowing money to make a house anyway, its more like a crack head borrowing money to sustain its habits.

[@Lobos222]

***** Civil war does not equal Expansion war. Yes, Civil war is a drain, but during the time Roman expanded they benefited from it. That is what I said. I didnt say Roman Empire lasted forever because if it it did it would still be around. Romans had a rather small economy because it was slave based which also meant that most Roman Citizens did not have a job and by that didnt create "modern day" demand like the Middle Class do today. And on that note: MxTemPerZx Biggest economy does not equal most wealthiest. USA has 5x the GDP pr capita than China. Another thing that makes the US economy stronger than the Chinese is because China is a export nation which means its more vulnerable to outside pressure than a consumer based economy like USA. "America isn't someone borrowing money to make a house anyway" I used a household analogy because most people wrongly think a national economy is like a household one, but at the same time they totally overlook that most people with a house loan are not broke just because they have more debt than their yearly income. Of course its better to have a reducing deficit than an increasing one, but that was hardly my point!

[@SVanTha]

MxTemPerZx you're an idiot if you think china is the most wealth producing country. china makes money by servicing the wealthy countries. she's an export economy. more than half her people can't even afford the things they make. if you don't live in a large city in china (the only areas china can afford to modernize with all her 'riches') you live like it was the 1800's. wow, china sooooo rich half her people don't have access to basic water, sewage, gas and fuel facilities.

[@annabanana2329]

"if everyone is super, no one is." lmao

[@HafeezBlackLeg]

remember when the debt is 17trillion dollar? yes, its 7 years ago.... now its 25trillion dollar debt

[@drewskiv686]

28 trillion and counting.

[@arthochakravorthy6274]

Hey you just gotta *trust* the US or they'll literally murder your country...

[@superfast2393]

An increase in supply doesn't cause an increase in demand it cause an extension. Also, demand and supple are completely separate. One doesn't affect the other. The change in price or quantity demanded is what affect each curve.

[@stephenkerzic]

Why is this in my recommendation, is this a sign that I’ll be in debt in the future?

[@parkerasel8129]

OBOMBA no u won’t. That’s ocd. Obsessive worrying. Ex: If I count to 3 and the leaf doesn’t touch the ground I will be rich.

[@aryabhatt8896]

It was odd to see KZbin's old logo in the video. Makes me feel old.

[@oceanseahorse3164]

I like how the gold bar was eventually exchanged for the pig 🤣

[@skinnytimmy1]

What if you were an American at the time and you moved to Hungary with one American cent? Would you be the richest person in Hungary?

[@szib96]

Trust me, the economy there is going to shit by the year so you might actually be able to do this at some point. P.S. Im Hungarian,

[@nickludwig7665]

Yes. You would. This would be... legit! For example, you could buy a Ferrari for 1 cent! Moreover, you could return back to the US and sell that Ferrari for $200,000! 1 cent = $200,000 again, this is not only for cars, of course (i'm not sure that in 1946 you could buy a Ferrari in Hungary)

[@ThePenguinExpress]

I would go with all my money, like $8000 USD, and go there, they would give me like 9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999 Hungarian money

[@darris321]

No because a cent is still a cent. Neither the cent nor all the Hungarian money is worth much. The cent is worth many times the Pengo, but it's still not worth a lot.

[@KhanggiTanka]

darris321 because you still pay a wheel barrel of money for a apple

[@berrdeddy2775]

Printing money doesn't give you more wealth, just more green paper (If you're in the USA). The only way to get more things is for someone to make more things. This is where productivity comes in by making more things without putting in more time. Overall, if no one produces more things, things will not be available no matter how many pieces of paper you have ready to trade for them.

[@Waiting664]

Productivity or asteroid climate change

[@ansaqeel1109]

The ending note steals the show. Very informative video💗

[@ItTizCanadian]

When you speak Gaelic is that the same as speaking Irish?

[@WonderWhy]

Hardly anyone in Scotland actually speaks Gaelic. I certainly don't.

[@electroguy2007]

WonderWhy Except the people living in the Outer Hebrides

[@gabriellasmith8477]

ItTizCanadian Guys I am working as a Social media manger and I am making my living from home.Social Media mangers are in high demand...You don't Need any Prior Skills or Experience and You can Begin Work Immediately! Here Is the website >>>> SocialMediaJobs4u.blogspot.com All you guys should try this website...........

[@Abshenonas]

Gaelic is spoken by just over 1% of the population of Scotland but in the outer Hebrides they are a majority. It used to be the language of the whole of Scotland but by the 15th century, the lowlands mostly spoke English, and the highlands, Gaelic. Then in the 19th century, Gaelic started to decline in the Highlands and is today spoken mainly in the Hebrides but even there, not everybody. However Gaelic is undergoing a revival and is gaining popularity as a second language.

[@MultiAllanski]

ItTizCanadian Here in Ireland we dont speak Irish excpect in the Gaeltoch areas but thats still different to Gaelic

[@MarlonBitoy]

WY: One tenth.. Me: Ok, ok it can't be that bad. WY: ...of a US Penny. Me: 0_o

[@nigor42]

for more perspective, the US penny is worth less than the metals it is made from.

[@MarlonBitoy]

nigor42 It costs $0.018 to make a penny. Also, how does that relate to my post?

[@MarlonBitoy]

***** $0.018 = 1.8 cents.

[@kylea.1223]

MarlonBitoy Which means that it costs almost two cents to make a penny...

[@kylea.1223]

***** We should seriously get rid of the penny.

[@okygoriginal1895]

We eat leaves all the time. money doesn't come close.

[@JasonRMJ]

aren't latest currencies are now made out of polymer?

[@TTerminatorr]

Real nice simple way to explain economics.

[@ChaseRiver2]

If money grew on trees it wouldn't be as valuable as leaves because then leaves would be rare

[@groszak1]

But it didn't say that Leaves won't grow anymore.

[@Ihavetowaitdaystochangem-zn2zx]

groszak1 then where would leaves grow though? Bushes? They would become the new currency along with gold

[@biggargantuar5672]

They mean the leaves in our universe.

[@lelandunruh7896]

Logical fallacy. Saying "money grows on trees" does not mean "leaves do not grow on trees". That would be like saying "leaves grow on trees" and assuming that nothing else does, when in reality needles (as on evergreens) also grow on trees.

[@DoctorX149]

I believe the comparison he made was saying that if money grew on trees (instead of leaves, shown in the illustration) That the money in that universe would have equal value to the leaves in our universe, since their role and source would be exactly the same. Also, I don't think it's fair to say that suddenly, leaves would be a currency. Leaves probably wouldn't exist in this scenario, where would they come from? Nonetheless it's just a simile and we're all overthinking it.

[@creounity]

8:31 now the debt of the U.S. is over 23 trillion dollars, meanwhile.

[@josdenhartog7385]

1 Trillion per day since today extra printed by FED..... Lets see in a few years what an apple will cost

[@electrichanoi7244]

Add 2 trillion to that

[@pulkitprakash5843]

now is 200 trillion u

[@Sluggishbeef6]

I don’t even want to know what’s it’s gunna be by the end of the year... 28-30 trillion.

[@revinhatol]

6:14 - Fact: Zimbabweans also use the South African rand, Botswana pula and the Australian dollar.

[@formula1master238]

I live in South Africa they hate us :(

[@felixuti8416]

Nice content. I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into saving some, if you really want financial stability.

[@patderrick6474]

Invest globally in bitcoin, gold, silver, Forex market, commodities, just don't be left out and save yourself.

[@jasonsylvester7934]

Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

[@frankyuldi1131]

I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

[@frankyuldi1131]

But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time.

[@derrickmaxwell8163]

Experience goes a long way when dealing in the crypto space, brokers or tutors are necessary to avoid huge losses and damage control, those of us who trade stock certainly see the need for that.

[@balazsrako9528]

Zimbabwe hyperinflation: *exists Hungary: hold my beer

[@env6336]

koszonom balazs rako, nagyon huvos

[@louisduong2090]

Venezuela: Hold my Bolivar

[@sonicsoftly]

@@louisduong2090 Argentina: Hold on, I have to take a peso

[@daniellemurnett2534]

*Pálinka

[@cashboy7406]

It's so bad in Zimbabwe I heard there's millionaire tourists that fly down to that country to buy kids.

[@JamesPossible]

"if money grew on trees, it would be as valuable as leaves" is this your quote? wondering who to show as the author...thanks

[@akshitbhalla874]

1:52 He sold a pig for a gold brick. Genius.

[@Gamer-uf1kl]

It depends on the size of the pig and the weight of gold

[@audiazham4789]

As a non native English speaker, I struggle so hard to understand your explanation, but my knowledge in basic Economy saves me... Please pronounce more smoothly and slowly

[@akbarallardfreichmann2938]

The real money is made by people. Working and living together. With some basic rules of respect and trust for and in each other. Gaining knowledge and skills. And staying loyal to each other is difficult times. That's the real value.

[@timgeurts]

Maybe money grew on trees but we now call it leaves?

[@kagez6515]

P

[@yomamajo6130]

Let's tell everyone that and they will belive xd

[@Unberable]

+todd dyer Yeah, so money it's not made of trees

[@RomanSilva21]

lol ... i guess so... 👍 and i seriously think thats where the saying came from 😂

[@RomanSilva21]

+Roman Silva @tim

[@gavdingo]

Germany 1928: *Hey I’ve Seen This One*

[@devourofkidneys980]

1928*

[@gavdingo]

@@devourofkidneys980 fixed XD

[@silverfranklin508]

Investment are stepping stones to success, investment is what create wealth

[@jessicamolly9733]

When you invest you're buying a day you don't have to work

[@simontrees5289]

Assets that can make you rich

[@simontrees5289]

Bitcoin Stocks Real estate

[@gwencaster8470]

@One Big Happy Life It's not ignorance but due to some unprofessional expert in the market

[@hanksflowell2994]

I'm from Spain I have been an Investor in the crypto market for over 2 years now

[@TzeenProductions]

What if you just printed money in secret, then gave it to another country? Nobody would think to account for inflation because a very small amount of people would know. Would this work?

[@Crazyfreak00Studios]

Well it would be counterfeit money, and thus illegal. It really just comes down to how much of what you print gets circulated. Though it would in theory cause inflation, due to the amount of money currently in inflation, if you were to print enough to affect anything, it would no doubt be discover by a master of the mint.

[@TzeenProductions]

What I meant was that if no one knew, and It wouldn't come back to the country. Just straight to the other country, would that work?

[@Crazyfreak00Studios]

Well when the other country spends it, and the new owner spends it, rinse and repeat. You never know where it will end up. Bu yes, it would work to not increase granted you don't print ridiculous amounts. Counterfeit money is being made right now, but it really isn't effecting inflation that much.

[@TzeenProductions]

Ah, thank you.

[@jboner2121]

***** If there was suddenly an extra few trillion dollars in our economies then supply for all good and services would go up and inflation would go up all over the world, not just in the states

[@micksination]

So, if I destroyed a dollar bill by, say, burning it for example, would I raise the value of everyone else's dollar bills, even if it would be only a VERY insignificant amount?

[@SonarWavePulse]

Yep, pretty much. Again, it would be extremely, utterly insignificant, but it'd be there.

[@anteater2536]

the rarer, the better

[@Jack.Strait]

not unless you told everyone about it. If you burned a dollar in secret, the faith value would remain the same.

[@DL-xv9dm]

Good idea. I would burn every last penny of value Bill Gates has to make me richer.

[@Rolfwar]

Which is why burning money is illegal

[@CubicCreeper7914]

This whole video was pretty much a lesson on finances.

[@godsnamesamuel5210]

This is probably the best or one of the best videos I ever watched on the internet.

[@tron7_]

1:20 Money is not paper, it's a mix of cotton and linen.

[@sashabrinks4848]

ThePootisKing 😂😂

[@superretroben259]

ThePootisKing Not the new English £5

[@dragon_2cu]

ThePootisKing Australia’s money is made of plastic, its waterproof and it's extremely hard to tear :)

[@lillyie]

Your brain is not body cells, it's opinion,stupidity, and poop

[@coasterhockygamingboy9549]

dragon_2cu so is Canada’s money

[@halogenguy]

If I had an apple tree in my backyard, I'd keep those apples hidden and still trade them one each for another fruit. This will ensure I always have an apple to trade whenever I need another fruit. There must be something I'm missing...

[@devramsurrun3820]

When those apples are ripe you have to trade them or they all will rot and attract loads of fruit flies.

[@anawesomepet]

Give out currency -> everyone has more currency because of you => currency is worth less

[@durudadlani1931]

We would see scenarios like Zimbabwe and recently like Sri Lanka. Only owners of Reserve Currencies can manipulate the markets and survive.

[@SamuelCalypse]

You made such concept easily understandable, I wonder why I didn’t subscribe to WonderWhy earlier.