Is the FIAT CURRENCY System Doomed? | Where Does Money Come From | Gold | ENDEVR Explains
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- Опубликовано: 8 фев 2025
- Is the FIAT CURRENCY System Doomed? | Where Does Money Come From | Gold | ENDEVR Explains
Since officially abandoning the gold standard in 1973, the dollar is what economists call fiat money. The word "fiat" comes from Latin and is often translated as a decree, but in summary, the term means that the money is not backed by a physical asset, like gold or silver. Its value is based only on the full faith and credit of the United States. This makes it much easier to increase the debt and resort to expansionary policies. Critics consider this damaging and see an economic crisis looming and inevitable. Defenders believe the economic damage would be bigger if nothing was done. In this video, we dive into the advantages and disadvantages of the system.
If you are interested in this video, you might also like to watch about the gold standard, gold logistics and cryptocurrencies. Here:
• Gold, Money and Crypto...
Sources:
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Extra Sources:
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Famous Myths of "Fiat Money"
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www.economist....
www.economist....
www.economist....
krugman.blogs....
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www.nytimes.co...
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www.bloomberg....
www.cbo.gov/sy...
www.crfb.org/b...
www.crfb.org/bl....
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ENDEVR explains the world we live in through high-class documentaries, special investigations, explainers videos and animations. We cover topics related to business, economics, geopolitics, social issues and everything in between that we think are interesting.
Don't spend more than you make was something my old man taught me at an early age and it has served me well. Too bad the Fed and Governments don't think that way. We're in BIG trouble!
Fiat currencies have a 100% failure rate, eventually. In the entirety of history, a fiat current has never lasted. Nor will it. And that includes all the paper money of today. This is because, when governments give value to something that doesn't really have any value, it eventually collapses. It's inevitable. And that's why precious metals have always stood the test of time; because they are _actually_ worth something and not dependent on the government saying it's worth something.
Am glad am buying gold and silver with my money..
You’re buying money with currency
@@HughesEnterprises yes real money gods money..
Same. Once I learned about Fiat currency I was shocked that money is just a lie.
Bitcoin
These days if you're not spending to recover,then stop spending 💰
Investment are the ones stepping stones to success , investing in what create wealth .
Recently, I invested in both stock and crypto but currently I believe Crypto is doing more better!!
The best thing to do in this period is to buy silver and Crypto
The Rich become richer by spending like the poor and investing non stop , while the poor stay poor by spending like the rich yet not making any investment.
Wow!!! Imagine trading and stocking up bitcoin from now till then!!!
That's why I have
20% bitcoin
20% gold
20% silver
20% stocks
20% cash
Do you have them physically? If not those item that you dont hold will be like cash they are like primisory notes . . .
Wait a minute
So how do you live your life if every single penny is a investment
How do you survive 🤣
@@NISHUGARVU can't you read, he has 2$ cash
Better have some guns to protect it, and I hate guns
Oooooo kkkkkaayy
Gold is an element not a mineral. Minerals are made of elements.
Haven't you read?
All elements are minerals but not all minerals are elements!
The video seems very biased. It completely ignores/shrugs off the problems that are created in the long run.
The video insists on growth of the economy then the well being of the economy on a long term bases. And it completely ignores the impact that it will have on the individuals and their financial well being.
Gold standard may not be viable solution at the moment but it definitely is the most stable if it is implemented once the financial crisis is over and after that the a slow and steady growth is what will ensure the financial well being of the individuals of the said country.
Or answer the question "Where does fiat money go to die?"
Answer: "Into YOUR pocket because by then every smart person has gotten rid of theirs for something that has intrinsic value".
The fiat monetary system effectively ended in 1992 when electronic banking became the standard way of conducting transactions. Today, fiat money is a tangential anachronism, a relec of a past when the word 'money' still had some semblance of meaning.
This video made me buy 15 1 oz gold coins
FIAT - fix it again tomorrow
does money laundering money out of the country, and corporate tax evasion (companies sending money to Ireland and London tax havens (google, facebook, amazon), and purchasing goods from overseas send money out of the country? Is that in part why the country runs low on money that should be re-circulated through the system thus we have to print more??
Great question sooooo sending money out of the country is actually a tool to increase the value of the USD….when the government realizes they forgot to turn off the copy machine too much is in the country and fortunately for us some other country is at war or needs USD so our government very cleverly send billions and millions oversea to reduce our stock. But then sometimes we went out too much and need to buy something so we turn on the printing machine load up MS word and copy and paste our dollar into the doc and print out some money out of nowhere :) it’s soo cool rewlly BUT remember only the government can do this ok seriously don’t try this at home because you’ll go to jail for felony fraud so just let the government do this because it’s ok for them to commit felony fraud worldwide
I guess investment is the best thing to do right now
I tried trading on my own I lost a lot of money 😭
I do trade, but Howard Clifford helps me on that.his the best
I heard a lot about this guy Howard Clifford
How legit is he
Howard Clifford he is indeed a good trader,i have invested with him a lot I still do I have never lost my capital non my profit his the best
I heard there doing a new 4th package of 2,000 from bidden 3t
Read it somewhere also
Yes, coming in April.
So much for that
This is why the petrodollar system must collapse to end the corporatocracy
@@ibrahimabdwahab7627 good as in petrodollar system?
Mankind's legacy- Automated, endlessly looped advertisements playing to a world wholly devoid of all life. All is well that ends well. Have a nice day.
During the Nixon Administration France sent a warship to get its gold. So Nixon printed a bunch of money, gave it to France & said we are off the gold standard.
No control?
Crisis inevitable.
Borrowing money forever with no intention of paying back is a serious problem even a child could tell. There is no need any PhD telling you otherwise. I did try to apply a loan with no intention of paying back. The bank told me to take a hike!
1971, not 1973.
Yep that’s what I thought! Not good for the accuracy of the rest of it....
If you don't exchange your fiat currency for real money ( gold and silver)...
You going to cry a year or two from now...
I prefer land
@@williamkreth Not a bad choice.
But you can't do everything for yourself and going to need some sort of currency...😉
@@adriaanvanwyk3694 I have food ammo, chickens other supplies I'll be able to barter :)
CBDC is an oxymoron
Block chain = *de centralized*
Thanks!
I think the author should read Stephanie Kelton's book "The Deficit Myth". The author needs to update his knowledge.
What is your debt per worker in the United States, exclude government workers ,local, state and Federal, I think you will be shocked ,not dividing by the population, this is the true debt, and will never be paid ,If it was an individual they would have been bankrupted decades ago.
Fed profits do not go to the Treasury. If that were the case, the fed would be pointless.
I remember ? Merchant sold a man a copper claims it is gold... I asked ?
Why You doing it laws means nothing ? " Answer that idiot will believe He own gold .
Put in safe never look at I didn't sold him copper.. I sold him feel good moment . Worth as much as gold .."
Everything is worth how much you are willing to pay, not how much labour is put into making it.
Stopped watching after it referred Paul Krugman.
😎👍
Money is created out of nowhere by the treasury. You cant be 23 Trillion or so in debt and be able to back it up.
no , by the fed .
America is Doomed.
Actually, this method of indiscriminate printing out of the air *is* sustainable. Only thing required with increasing printing is increasing demand _for_ the money. That is easily achieved with, for example, wars that require rebuilding using the greenback; puppet regimes do the work well, like the Saudis and former Afghan government. US has to ensure the trading between countries, even if not including the US, must be done using the USD. Inflation can also be exported. So, when Iraq says it will no longer use the USD when selling its oil to China, it puts the US at risk.
If there's less demand and that international USD flocks back to US, the US are screwed.
Despite the cashless mentality the dollar bill or cash is King because it's not going to go away for now this nonsense that we're going to be a cashless Society may be true in some countries but cash will be here for another 70 years. .guarantee you that.. like I said before remember what I said about the CD it was said the CD would wipe out vinyl records.. well vinyl records are still here that's the proof right there that the dollar bill is going nowhere for now..
Inflation asked "Hows Paul Krugman these days??"
It is very interesting that a pandemic similar to this one happened in the 1920s The Great Depression happened in the 1920s too. 2020 a pandemic happens need nay what to say happens next?
@Avery Wilson depression lol
And the new "physical currency" I'd crypto.
🤔🤔🤔
Este vídeo trata de convencernos de que la economía estadounidense se encuentra en perfecto estado y que su moneda el dolar no ha sufrido alteraciones y que sigue campeando en todo el mundo como de costumbre...
Es difícil ver estos vídeos y constatar que están ciegos ante la realidad, están obcecados, echados como un gato satisfecho en un sillón, ajenos a lo que ocurre al otro lado de su ventana...
¿Acaso no ven que la economía está declinando peligrosamente porque el dolar vale cada día menos que el valor de ayer? ¿No han visto que numerosos economistas hasta dan fecha de caducidad para el dolar? ¿No se han enterado de que el yuan chino ha estado ganando terreno progresivamente en la arena internacional, que cada vez hay más países que comercian en yuanes y que han dejado al dolar de lado porque carece de un respaldo?
Un anexo: Además de que una gran cantidad de países ven al dolar como una herramienta política de castigo, porque en cualquier momento y por cualquier excusa podrían ser sancionados por esa dictadura estadounidense.
The fiat currency system is not the problem. It is a necessary solution that has been taken advantage of by TPTB and the International Bankers. The problem is how the International Monetary System gives an unfair advantage to those who control the supply and creation of The US Dollar, which has become the de facto World Currency.
The US export their inflation to other countries how does it work is it due to trading being done in US dollars?
Wrong because
Money runs out gold runs out
Synchronized coordinated extraction measuring balances the national debt. This is called investing. Welcome to the age of intelligence, I am your host, The Messiah.
Despite what people say about cryptocurrency and other monies taken over.. good credit cards cash will be here for years to come cancel disappear eventually but not for now it's going to be here for a long while.. remember the CD it was said it was supposed to wipe out the vinyl records it's funny how that works because now vinyl records are making a strong comeback.. point in case the dollar bill is going nowhere for now despite cryptocurrency or any other online money or cashless Society for that matter.. cash is King and will be so for a while longer..
Cash is not knig when it has no intrinsic value. There is only 10% of actual cash in circulation. Look up the history of Germany and it's currency. They went through the same thing we're going through and they're money became worthless. Peace!
@@damoe16 less than 10% actually... Closer to 2-3%... All backed by nothing but hope, and no change. :)
@@damoe16 I agree that money become worthless you're right about that but the point I'm just saying is the dollar bill is not going anywhere for now that's the point..
@@skapunkoialternativeliving6522 yes they are ! some places you cant even get change , and the cleveland fed governor admitted they have a new CBDC ready to roll out on a moments notice .
Cryptocurrencies are not based, or backed, on anything, like fiat money.
Unlike fiat money, bitcoin has a fixed supply, more like gold, but with less physical utility
@@oracleofnaya4654its worth is still tied to what people think it is worth, in that way, it's no different to fiat money.
fiat isnt backed by anything now either
@@nivekvb no regulation means mafia involvement in bitcoin business, which is even worse. No support for the fed mafia either.
Actually there are cryptos backed by commodities.
Well, this video did not age well.
Weimer 2.0
Too old a video but some basics
Maybe redo the voiceover with intonation, this is difficult to listen to.
Lol Fiat was their solution? XD