Ending the Monetary Fiasco and Returning to Sound Money | Thorsten Polleit

[mstipich1]

Must admit I dont understand how the credit volume can exceed savings and how that contribute to business cycles...

[panickypress]

The fiat monetary system was so cute and fluffy when it was pup, but now it has grown to be a firebreathing monster, and i'm afraid it will kill me if i turn my back to it.... kind of like America HA HA!..

Please don't hate, it's a JOKE!

[pretorious700]

You have to admire someone who is eloquent in a language that is not native.

[SexyBambii91]

wär echt cool wenn jemand mich vor meinen einsamen dasein retten würde

[SvrchovaneCechy]

Short message is this: Society can not sustain exchanging nothing (fiat currency in all its forms) for something indefinitely. After bigger and bigger bubbles comes inevitable crash, revolutions and wars which can either improve situation and reset free markets or make it worse and bring totalitarianism. Without getting rid off banking cartel and reseting gold standard asap, history will repeat itself.

[CaGgP]

the most amazing thing is that Mises describes in a sinthetic way the housing and stock bubbles, more than 60 years before they had happened.

[603881]

@CaGgP Exactly - I mean, what better proof could be offered?

I was watching a video and someone asked Ron Paul how it was that he predicted the housing bubble a whole five years before it happened, he just smiled.

[StandUp555]

Excellent presentation .. thankyou.

Let's hope the current German Govt. understands the "Austrian" language !

;-)

[Krampfarsch]

im german and i guarantee you: they dont.

[painisanillusion7]

Very well presented

[Lingerfoot]

Is this Austrian Economics? Peace!

[marxbitesall]

No ONE is telling the REAL truth except for Mises.

Not Govt, Not Media & certainly NOT the socialist bastion of Academe - where our suited puppets in Govt learn how to retell old lies of the Keynesians & central planners.

Mises has 7 TB's of free mp3 lectures, republished OOP books, and so much scholarship and logic against the stupid-like-a-fox bankers/FED and thegovt they run with the purse strings that has caused ALL economic panics and wars for private profit at public expense. FTWTB!

[dmw2323]

Very well articulated, in easy to understand format for all to learn. 'Thank You' Mr. Poleitt and Mises Institute for providing this thoughtful presentation. Regards.

[NoCryingNowYes]

34:12 omg

[gtao22]

"Hopelessness is the only unforgivable sin" M.Achard. But where do we invest hope? If we invest it in any kind of man made thing or institution destined to corruption & death, whether government, wealth, science or religion, we will never experience the infinite spirit, only pale reflections. I don't have anything against them, it's just the way it is. Sobriety of mind & hygiene is the ground of hope, only then the flower of mindfullness can grow. A long way to go to become true human beings.

[catouski]

This scholar's excellent work must be shared with as many people as possible. It is vital to our future! Please help others understand these concepts.

[Jaycephus01]

"Our government fiat money violates our private property rights"

Great line!

[Klarkster]

5. "Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly".

1848: Manifesto of the Communist Party: Chapter 2 31:50

[Macno76]

I want the right to CHOOSE my money and I prefer GOLD!

A compulsory international fiat-money-standard is gran theft to the public.

Let Gold and Silver freely compete with Euro, Dollar, Yen etc.

Bavaria4RonPaul

[rorejasazvi]

Mejor cosa es para el hombre

bien entendido y agudo

callar, aunque charlar pueda,

y que le llamen sesudo,

que hablar lo que no conviene,

cuando estar callado pudo

o piensa bien lo que hablas,

o calla, fíngete mudo.

"El libro del buen amor", Arcipreste de Hita (siglo XII)

[wrdjunk]

GoogleTranslation:

Best thing is for man

well understood and acute

silent, but can chat,

and to draw sensible,

to speak what is not appropriate,

when they could be silent

or think of what you speak,

or street fíngete dumb.

"The Book of Good Love", Archpriest of Hita (XII century)

[fiatno]

A more accurate translation of the last sentence:

Best thing is for man

well understood and acute

silent, but can chat,

and to draw sensible,

to speak what is not appropriate,

when they could be silent

or think of what you speak,

or keep quiet, pretend to be voiceless.

"The Book of Good Love", Archpriest of Hita (XIII century)

[DevBlazed]

"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt." -Twain

[fagan411]

Thanks Mises!

[MS1719ms]

"The germ of it's own destruction"! That statement sum's our economic situation up very well. Thanks for the video

[RonPaulWI]

You can't do that it just makes to much common sense!