Fiat Money: Explained in less than 4 minutes

[smartboykumar]

if you are looking for thing kind of video animation for your business contact us

[TheBigzChak]

Nice clip but bad explanation...

[david8157]

you have it wrong my friend.

government is not the source or cause of the problem of fiat money.

[Sparky4Peace]

@david8157 Except when the wealthiest buy off governments like they have been doing to years to keep people in the dark. Government endorsed religions keep the masses from thinking clearly and peoples praying to gods just like we did in 512 AD.

[david8157]

@Sparky4Peace Yes...government is hijacked/usurped by Capital...but the source of the problem is Capital....and the real control is behind the scenes. Even most of the politicians embedded in the corupted system are not aware of the Beast they are serving.

[DeathofSpeech]

well done

[CureEgret]

I don't understand, how is the gap between rich and poor the largest it has ever been when during the Great Depression we had the Rockerfellers in giant mansions with insanely expensive imported marble in their foyers when the poor were living in cardboard huts known as Hoovervilles.. So how is the current gap the largest ever?

[kaisurfer08]

@CureEgret its in relation to populations

[Sparky4Peace]

@CureEgret You are not living in a box yet?  Just wait and keep not believing.

[aviomaster]

around 200.000 Billion dollars in circulation  in the world. Only 800 Billion backed by Gold.

[eastcoastfiregal]

people are waking up... right now, in every moment! I can feel it!

[ogrish84]

Why don't they teach us about this in schools I wonder.

[ivnat77]

@ogrish84

Because it is not in the interests of the current system for you to know the truth, coupled with an inefficient educational system. For example, I remember to study Banking at the Uni: just a mash of graphs and formulas, no connection to the natural world whatsoever. Only after watching presentations like this one, you can get it! ;-) Check for more: Money as Debt, American Dream, Money Masters, etc.

[Mutzak]

One billion people (or more) will see this video, eventually. Their reaction will be in accordance to their place at this pyramid. The usual reactions. And those at the top will try to convince those at the bottom that this system works and it is great. They are like men with fork in a world of soup. The message they are sending is: we don't give a fuck about the people at the bottom. They never gave a fuck, nor they will ever will. Until the shit hits the fan, of course...

[KlineThomas]

All very interesting but it's not the only way to look at the monetary system.

Google "Sovereign Modern Monetary Theory"

Google "Bartonland MMT"

[T0B0KKE]

That's why inequality in the United States rose from 10% to 30% since the early 70's. FIAT currency and Nixon are to blame on this one. They printed so much money to fuel the cold war, Vietnam war and the Apollo program that the amount of money wouldn't match the amount of gold in 35$ per once basis like it did before.

[VixiSue]

The worst thing about all this is that money could truly be obsolete nowadays. It was created to administrate scarcity but now, with the technological knowledge we have, we could produce an abundance of all we need and for everyone on the planet. It's only the system that holds us back from this possibility.

For more info please visit thevenusproject(.)com

:D

[OttawaSweetie]

What I don't get is if "they" make their own money why do "they" have to charge interest to anyone? If "they" can make their own money from nowhere why not make some for everyone? It's ridiculous! Why aren't the credit card companies mentioned here? Where do they fit into all of this?

Oh and one more thing, why don't the 99% of the rest of us get together and do something to stop the 1%? We are the majority! Are we not?!

[Aleque]

It's time for a financial revolution

[beauxq]

This is a good deunking of the "trickle-down economy".

[Zmblover]

So everyone has taken their money out of the bank, right? Right? Oooooh.

[misterbonzai08]

Anyone wanna buy a Fiat Punto? $10m dollars.

[tgt305]

The last time the US had $0 in national debt was during Andrew Jackson's term. It didn't take much, just a flick of the pen and instantly, poof, no more debt. Now stop listening to the bullshit politicians that say they know how to fix the problem because they don't. the only thing they know how to do is put a band-aid on it. The problem is that a band-aid can't fix the hole that is sinking the Titanic.

[kyuubiflame]

FUCK THE BANKS

[Pacoup]

You have to add The House of Rothschild on top of the banking system.

[garrethdavis]

@Pacoup And European aristocracy

[truevoice08]

Ron Paul has been talking about this for the last 30 years.

[MrNiceHk]

@truevoice08 he has its true .. maybe his time truly has come .... he needs to harnis the Zeitgeist .. there will never be a better time for him ... hell .. people of the world would get behind him the way they got behind Obama

[truevoice08]

@MrNiceHk I know man. But people voted for Obama because of his fantastical promises. Ron Paul says the truth that people don't want to hear. Americans need to realize the reality that social security and medicare and medicaid will inevitably be dissolved by the currency collapse and that the quicker it happens the better for everyone. The medicine is painful but necessary.

[MrNiceHk]

@truevoice08 Man I think we are looking at something much much bigger going on right now and its been fueled by the internet. The reason the ruling class's have been in control over the 99% for such a long time, heck since practically the dawn of time, is because they controlled information, you control information you control everything. Today they are not in control of information, hell they cannot even track it let alone control it, the internet will give birth to profound lasting change

[truevoice08]

@MrNiceHk I wish I had your optimism but I don't. In times of hardship, the masses usually demand a new Hitler to ride on a white horse and save them. They prayed for the tyranny of the Department of Homeland Security and the TSA after 9/11. The masses got sucked into that "hope and change" crap in 2008. The masses now demand even more interventionism and socialism as evidenced by the listed demands of Occupy Wall Street. In terms of practical effect, it means concentration of political power.

[CristianKirk]

@truevoice08 Jacque Fresco have been talking for over 70 years. Check The Venus Project.

[truevoice08]

@CristianKirk No. Fresco is totally ignorant of the distinction between fiat money and real commodity-backed money. He just lumps all money together and concludes the monetary system is responsible for scarcity.

Venus project is just the latest intellectual fad of the Left. Zeitgeist movement has no understanding of spontaneous order whatsoever. It's basically Marxism with Robots. To be honest, I actually got into the Zeitgeist movement 4 years ago when I was 16 years old. How naive I was!

[CristianKirk]

@truevoice08 Lol, TZM didn't exist 4 years ago. So, now you're 20... it's okay, you'll get it eventually.

[truevoice08]

@CristianKirk I know I watched the first Zeitgeist film a few weeks after it came out.

[gasto5]

@truevoice08 Liar, the Zeitgeist Movement did not exist 4 years ago, it started 3 years ago after Zeitgeist: addendum. That displaces your credibility. Also, a Resource Based Economy as a concept is exempt from its implementation. Right now the most efficient way of implementing it would be with the usage of artificial intelligence, sustainable energy and high-tech agriculture harvesting and automation. "Marxism with robots" can be misleading, and sounds more like an attempt to derail.

[truevoice08]

@gasto5 I told the other guy that I saw the first Zeitgeist film a few weeks after it came out. I'm not trying to derail anything. What's unique about VP is not the focus on technology per se, but the notion that technology can virtually eliminate scarcity if brought under a centralized authority (accountable to some floating abstraction called "the people") in a system where money is abolished. Nothing could be more delusional. "Marxism with Robots" is not meant as a joke.

[gasto5]

@truevoice08 "if brought under a centralized authority" That is a misconstrue, there is no authority but science, the only thing that has improved our lives in modern society. The "free market" can only be as free individually as much as the quantity of money the individual has in the bank account. Monetary-ism will inevitably bring disparity and conflict in the competition of markets.

Centralization of technology and intellect, not power(like the free market, pretends to hold gold value )

[truevoice08]

@gasto5 "That is a misconstrue, there is no authority but science" That's an empty statement. The same could be said - and was said in fact - of "God" or "the people", the former for the medieval ages and the latter for totalitarian regimes of the 20th century. Science is studied and used by human beings for specific purposes. All that technology you mention, it has to be controlled by human beings.

[gasto5]

@truevoice08 Not today. Science is controlled by machines more than people. And with the advent of the AI revolution, it is more keen towards machine prosperity and intelligence, and it is up to become their friends, or fail and become their slaves or victims. You choose. Keep worshipping money and their manufacturers that will bring a totalitarian technocratic global society, or a humane ecological fusion between nature and technology.

[truevoice08]

@gasto5 The irony of your beliefs is that they sound more like theology rather than science.

"there is no authority but science" What a farce!

You need your mind to return to having a firm grasp on reality.

Again, VP is just Marxism with Robots, the arguments against orthodox Marxism apply to VP as well. So I have no interest in making the same arguments that you're not going to address anyway. I trust you can still read a book if you want to know my position rather than misrepresent it.

[gasto5]

@truevoice08 Where do you think science comes from if not from a mind returning to having a firm grasp on reality?

"Again, VP is just Marxism with Robots, the arguments against orthodox Marxism apply to VP as well."

That is... ?

[truevoice08]

@gasto5 "Where do you think science comes from if not from a mind returning to having a firm grasp on reality?" Yeah, that's the irony of your deification of science and removal of the human element w/c makes the institutions imperfect and VP and utter failure!

"That is... ?" For starters, go back to my previous comments.

[Sparky4Peace]

@gasto5 You need to think the humans are capable of rational thought. I do, but some comments here make me understand we have a lot of educating to do.

[gasto5]

@Sparky4Peace If daddy told the child: "Get a job, Make money, marry, have children and send them to school", it is only through rebellion that the child defies that authoritarian dogma. Rebels are rare, and just rebels are rarer. It is expected to find people all around the world with a thick layer of standardized fallacies in their brains.

[LegoLazze]

@truevoice08 to be comparing communism with resource based economy is wrong in every sentence, first of all since it's an association fallacy, more known as guilt by association.

example; Jane is good at math. Jane is dyslexic. Therefore, all dyslexic people are good at math

we all know it's wrong, and the same goes with the communist-accusations.

the use of guilt by association as an argument is mostly retarded, and shows lack of knowledge, without pointing anyone out now

[truevoice08]

@LegoLazze You obviously did not understand my argument. It's not an association fallacy at all. The Venus project political philosophy fails on the same grounds as communism. That is, non-recognition of the problem of scarcity and harmonization of individual interests. The result is totalitarianism and calculational chaos. I repeat: Venus project is just Marxism with Robots.

[LegoLazze]

@truevoice08 Reductio ad Hitlerum, also argumentum ad Hitlerum, is an ad hominem or ad misericordiam argument whereby an opponent's view is compared to a view that would be held by Adolf Hitler or the Nazi Party. It is a fallacy of irrelevance, in which a conclusion is suggested based solely on something's or someone's origin rather than its current meaning. The suggested logic is one of guilt by association. It's a variation on reductio ad absurdum, a tactic often used to derail arguments

[truevoice08]

@LegoLazze You obviously did not understand my argument. Try again

[LegoLazze]

@truevoice08 While an ad Hitlerum is often used to directly compare a statement to a view held by Hitler, it can be used informally to compare any thing to any other thing. The term ad Hitlerum can be used to describe most association fallacies. The fallacy claims that a policy leads to— or is the same as— and so "proves" that the original policy is undesirable. An association fallacy is an inductive informal fallacy of the type hasty generalization and is not working as an argument silly.

[LegoLazze]

@truevoice08 but if you like to use this guilt by association-tactics it must be allright for me to compare capitalism with nazism?

aim for the weakest groups of society, abuse them and exploit them for own monitary gain. see every nation the USA invaded, if theres no monetary gain, they leave the country alone. See North Korea Vs. Iraq. One had nuclear weapons all the time, the other had OIL, so they killed off a bit over 100.000 Iraqis

but as I said, it's a fallacy and not a proper argument

[leeknivek]

@LegoLazze "aim for the weakest groups of society, abuse them and exploit them for own monitary gain."

Too bad capitalism had nothing to do with any of that regardless.

[LegoLazze]

@leeknivek are you retarded for real, or are you just pretending?

capitalism is what started the war in Iraq.

capitalism is what kicks entire families out of theire homes and force them to live on the streets

capitalism has raped FREEDOM since day one, and if you don't see it you have a big problem.

try glasses, might make you see things clearly

[leeknivek]

@LegoLazze I suppose I could suggest the same thing to you. How did capitalism cause any of those things when no country has ever had capitalism?

[LegoLazze]

@truevoice08 and where exactly did I mention the Venus project?

I did not so stop pretending I did.

and yes I do understand your argument, but it's fault since the monetary system are what makes communism work.

resource based economy are against the monetary system, hencefore you're full of bull, or you don't understand what you talk about

[truevoice08]

@LegoLazze You're not even making an argument (just plain assertions) and you can't even spell correctly. Go watch "The Story of Money and Trade Walter Block" and come back.

[constantyou]

@LegoLazze communism maybe not, but socialism yes. Google "socialist calculation debate" and find the so called "mathematical solution". That is RBE, it's only guys like you didn't hear about it.

And thats why we economists, who studied history of economic thought don't take VP seriously. Sorry for that.

[LegoLazze]

@constantyou you are wrong, mainly because money are needed to upheld the socialist way of life, and respurce based economy look beyond the point of ca$h

time for you to go study the subject before you come up with silly comments that got no connection with the reality, plz

what you ecconomists do is Pseudoscience based on a set of ideas that presents itself as science, while it does not meet the criteria to properly be called such. "the invisible hand" rules nothing and is mere fiction

[constantyou]

@LegoLazze what does anything of this have to do with the fact, that you do not know the socialist calculation debate and the so called "mathematical solution". Nothing. Look, the point is, it would be interesting to seriously engage in a debate with RBE, but nobody will do it until its proponents will do their homework. Google Fred Taylor for starters. Or just read chapter V of Jesus Huerta de Soto's Socialism, economic calculation and entrepreneurship, it's free online.

[cjlovick]

@truevoice08: And he had been living and benefiting from it. He will never have the ability and authority to get rid of the Fed. The Fed. owns most of our national debt. Besides, out currency would flux big time, and become unpredictable. It would hurt the economy....

[PhenomenalExodus]

An informative summary.

[msdangergirl1]

In case you didn't notice, the economy of the world is imploding because of this nonsense, and it won't improve until we change back to a gold/resource based currency and stop letting private banks issue it.

[shackupyourstruly]

If it were so easy to create money, why haven't national debt levels all over the world been zeroed out yet? There must be some set of rules to hold the line against that happening.

[2010Solar]

@shackupyourstruly because the system is all fucked up. This printed money comes from the Federal Reserve, and when the Government wants money like for the bailouts, it the Federal reserve prints and charges interest on the money. also if we just started printing like crazy, the value of the currency would go to zero... Zimbabwe is a good example.

[MENJAGVETJUINTE]

@shackupyourstruly Because money cant pay for debt. Because money IS debt. The governments promise to "pay back" all the printed money + interest, to the central banks. So if you print 10 dollars, the debt will be 11. So the debt will always be higher than the amount of money that exists. So the whole idea of printing money to pay for debt is kind of... useless, so to speak. This way, us at the bottom will always see failures of ppl who cant pay their debt. Its an overclass ruled system.

[2008Sameoldfitup]

rw

[godbluffvdgg]

All debt is insurmountable. So...Why bother? I say ride the merry go round as long as you can take the dizziness. At this point in history, the system is unchangeable. We can't end the fed, we can't stop printing money, inflation must continue. I wish it weren't so but...I believe reinventing the history of the world is a sort of difficult task; wouldn't you? We humans will sort it all out in the next couple centuries. If "they" don't nuke the world first.

[JarfJam]

@godbluffvdgg That sort of thinking is going to get us nowhere. If we all stood up and realised that currency is worthless then we could begin anew. Why must people die over the 0's in some fat cat's bank account?

[godbluffvdgg]

@JarfJam Ok, let's say that whomever just "Stands up and says the currency is worthless" Think about that; What is the replacement ? Who provides it? Who quantifies it? Where does it get distributed to? How do you inform every single person who has currency that it is now worthless? I own a business, I understand logistics. Clearly you don't. Money is bullshit. But, it buys you shit. Don't throw the baby out with the bath water.. I applaud the fed for pulling off the scam for so long. Chillax!

[dashboardhula]

a-greed!



[mrechamberlain97]

nice video, Im looking forward to the film