Good video. They measure the amount of notes & coin by checking the records of how much has been created by the Mint. In countries with private money issuance, like Scotland and Ulster, they can check with the licensed banks to see how many notes & coin they've issued.
I find all this theory so much convoluted nonsense, after an 18-year stewardship of US monetary policy that caused an international economic disaster leading to MILLIONS of families destroyed & loosing their homes, cities, states and countries in ruin, now we hear Alan Greenspan say "I was wrong", I don't think so, that's letting him off far to easy!
THIS is not just a mistake, it is a crime, it's the greatest scam in the history of man!
IT DOES NOT include stocks, bonds, mutual funds, hedge funds...gold, silver....
BatusaiJack 5 months ago
Good video. They measure the amount of notes & coin by checking the records of how much has been created by the Mint. In countries with private money issuance, like Scotland and Ulster, they can check with the licensed banks to see how many notes & coin they've issued.
Myndir 7 months ago
finally i found someone who is generous enough to share their knowledge about economics. Thank you phil. From malaysia
revolutionaryjake 1 year ago
Thank you for uploading - this has been helpful
burbuja0512 1 year ago
the lesson is very basic and understandable.thanks
I will follow your lessons, bro. from Turkey
solemanheart 1 year ago
Thank you phil!
That was very helpful!
I find all this theory so much convoluted nonsense, after an 18-year stewardship of US monetary policy that caused an international economic disaster leading to MILLIONS of families destroyed & loosing their homes, cities, states and countries in ruin, now we hear Alan Greenspan say "I was wrong", I don't think so, that's letting him off far to easy!
THIS is not just a mistake, it is a crime, it's the greatest scam in the history of man!
shroomduke 2 years ago