The fact that the banking system relies on the fractional reserve principal which means the banks can lend money they don't have by simply making them up from thin air by means of electronic record in a computer system or by physical printing of the banknotes by the central bank and then charge you an interest on that credit absolutely egregious. I am baffled that humanity hasn't figured this out already, torched this system and ate the bankers... It's so frustrsting that you have toil away 30 years of your life to pay them back 3x more of what you have borrowed to mortgage a house whlist they haven't beared any effort to create the money they lended out to you. This is an incredibly unfair system of ripping all off by the few. What's more suprising that the fed is not hiding away with it. They wrote a book om this 'modern money mechanics' in which it's desrcibed in plain text how this money creation mechanism works. And get this, they are legally allowed to print/digitally create money which we have to toil our lifes away for to pay them back, but if we print the money, we go to jail... This legal injustice
In my opinion its not about the whole believing part, its about whether you use it or not. I for example dont believe in money but i still use it (kinda forced tho). If everyone around the world would stop believing in money but still use it to exchange goods nothing would change. As soon as everyone would stop using money and trade goods for goods or gold against goods only then the money sytem would collaps. I know the whole believing part behind money is probably just about that but i think clarifying that is kinda important.
Not really. When the last drop of oil is burnt, last drop of water drank, last tree chopped down and last straw of crop eaten, gold will become equally worthless as paper/digital money as you can't eat gold, you can't quench thirst with it. Gold is just another conveyor of value, just like money and it's worth as much as the good and their ammount are around. It's all ephmerical because value itself is ephemerical and not equal to all
Its possible to be a total non consumerist..a freegan..raised two kids on my lil 1k a month for thirty years, even owned my house for awhile, never owned a car, and didnt get a lot hours on the job, but did volunteer a lot and forcused my time with my kids and my husband doing what i enjoyed 😀for me; social contracts with a few friends in my community and barter and trade with others when it came to making ends meet was much better value than paper money
This is why they declare stock splits why can't greenbacks do the same 2 for 1, you get rid of the 1 and 10 becomes 1 and so on, just move the zero into tens for value. Shift the global scale to the left up 10 units. Removes trillions.
The thought behind the editing and story telling is incredible.
The fact that the banking system relies on the fractional reserve principal which means the banks can lend money they don't have by simply making them up from thin air by means of electronic record in a computer system or by physical printing of the banknotes by the central bank and then charge you an interest on that credit absolutely egregious. I am baffled that humanity hasn't figured this out already, torched this system and ate the bankers... It's so frustrsting that you have toil away 30 years of your life to pay them back 3x more of what you have borrowed to mortgage a house whlist they haven't beared any effort to create the money they lended out to you. This is an incredibly unfair system of ripping all off by the few. What's more suprising that the fed is not hiding away with it. They wrote a book om this 'modern money mechanics' in which it's desrcibed in plain text how this money creation mechanism works. And get this, they are legally allowed to print/digitally create money which we have to toil our lifes away for to pay them back, but if we print the money, we go to jail... This legal injustice
They're doing it with everyone's fica and ira's too
Our money is blind to the supply limits of energy. 1:10:00 The value of energy is independent of the energy supply.
In Gold we Trust! 😂
And.....XRP!!😅😂
Amen
Some value in that statement, but you can't eat gold! It is only part of the solution.
@amazer747 Bitcoin you can not eat as well hè
He who has the gold; rules
The idea that money only works if we believe in it is so true. What would happen if we stopped believing in the system? 👀
In my opinion its not about the whole believing part, its about whether you use it or not. I for example dont believe in money but i still use it (kinda forced tho). If everyone around the world would stop believing in money but still use it to exchange goods nothing would change. As soon as everyone would stop using money and trade goods for goods or gold against goods only then the money sytem would collaps. I know the whole believing part behind money is probably just about that but i think clarifying that is kinda important.
Thank you for sharing with us! 👍👍👍🌍🌎🌏
Love the narrator's silky smooth voice..its like sinking into a corinthian leather chair
Trust in no one and in nothing, especially not the US dollar.
nobody mentioned how the participants of this Doc get paid! Barter?..
😂😂💀
IN GOD WE TRUST.
Gold !
Not really. When the last drop of oil is burnt, last drop of water drank, last tree chopped down and last straw of crop eaten, gold will become equally worthless as paper/digital money as you can't eat gold, you can't quench thirst with it. Gold is just another conveyor of value, just like money and it's worth as much as the good and their ammount are around. It's all ephmerical because value itself is ephemerical and not equal to all
“I love gooould! The looouk of it! The schmell of it! The taschte of it! The texchture!” - Goldmember
@@qwertyazerty2137
They shall throw their silver into the streets, and their gold will be like refuse” is a verse from the Bible, Ezekiel 7:19.😊
Its possible to be a total non consumerist..a freegan..raised two kids on my lil 1k a month for thirty years, even owned my house for awhile, never owned a car, and didnt get a lot hours on the job, but did volunteer a lot and forcused my time with my kids and my husband doing what i enjoyed 😀for me; social contracts with a few friends in my community and barter and trade with others when it came to making ends meet was much better value than paper money
TRADITIONAL WORLD TO MODERN WORLD TO CONSUMER WORLD TO DIGITAL WORLD.....WE ARE DESIGNED TO PAY BILLS RENT EMI TAX MEDICAL EXP...TILL WE BROKE..
Miss the trad world of the early 70s ..hell; even in the 90s ppl got together, but post covid, socializing is all online
Broke...no, Die in debt
This is why they declare stock splits why can't greenbacks do the same 2 for 1, you get rid of the 1 and 10 becomes 1 and so on, just move the zero into tens for value. Shift the global scale to the left up 10 units. Removes trillions.
That only concentrates wealth to the top even faster 😂
Value 18:35
Happy New Year 🎆 🎊
I only shortsell when the markets crash.
U play your own bubble games, why keep watching my works or trade my works with SG last time!!
Funny topic
Is this some kind of fucking musical? Jesus christ how many background tracks do you need?!?!?!
WHY , WHY??? ALways, the big noses, and small caps....???
😂😂😂
god created the world ...sure
too much religion crap ..