Where does the money come from? Pt 2

[AntioneHudlo]

make $50 a day free ebook /watch?v=UGO8a1KCG1k

[SuzanLoxto]

make money online! no skill just patience /watch?v=BMPhsRN19Ms

[CommonCoward]

is this ALL banks?

[Gonji]

Banking pyramid scheme?

[Harmodius]

I can't understand the suspicion of "fictional money" here. Gold is just as fictional as actual dollars; they only have value because people think they have value. Since it has become the new store of value, there's nothing wrong with basing fractional reserve requirements on actual bills in the bank. However, whether that reserve amount is large enough is a different story.

[luethboy]

well, there is a finite amount of gold. So the value of gold cannot become worthless.  But we can respectively create a infinite amount of money, especially in the digital age. So current day money can easily become worthless.

[LibrettoDelMar]

You are right, but i think the point is that gold supply is limited, while the supply through creation of debt based money seems next to infinite.

[carlmarx1987]

@luethboy  Who believes that a legal limit to wealth is an idea that should be considered worldwide, join us at "richnomore" in facebook (our goal is a legal limit of 1 billion US per human).

[cindytg87]

the thing to take away is 1 person is gaining wealth by pretending to give money that doesn't exist. there is no standard any more and can just be created by someone (like the federal reserve) to build wealth for them via Intrest*intreset being the fee to use that service, this makes the problems like forclosure and depressions happen. there is no point defending it at all!

[cindytg87]

it is true that gold can be explaited the same way but not nearly as quickly as there is only a limited amount in circulation...but that doesn not change the fact that people can horde it ad cause poverty elsewhere, that's why they are always making new money to make up for the loss/hording

[ERASER1091988]

@cindytg87 Yeah they do nothing in the way yet earn profit through intrest

[ERASER1091988]

@Harmodius Well gold is scare and man can't make it or produce it out of nothing plus it has a fixed value agreed by both parties as opposed to paper money that can be produced like anything resulting in inflation thus making your pay useless since it loses its purchasing power.

[aharnam]

Ohhh wow I wonder where you got this from ? Did you make it yourself ??? I guess not !!!

Stop leeching you as*hole, how many repeats of same videos with different titles do YouTube users have to go through ???????????

Get your 15 minutes of fame on Cops or something, I am sick of having to view different titles with the same content. You aren't even the director of the video, f*ing lame.

[ERASER1091988]

@aharnam s\Same videos with different titles allow viewers to find it out of quadralian videos posted on youtube with an ease.

[dynamoehummm]

Check other sources before your jaw drops. Debt: '57-$5T '06-$45T. Sounds impressive. But economy also grows. Numbers are only relative to other numbers. Debt needs to be looked as a percentage of GDP, how much we produce. Under Bush its grown..alot. But it is marginally above 1957 numbers. And half of 1947 numbers, but twice that of 1981. I don't believe the goal of this video was as a primer, but to sell a point. This video tells the truth; but not the whole truth. Perspective.

[BiteMezzzz]

shut up you thief

[dynamoehummm]

Thief? What did I do steal your heart again? Sorry Bitemezzz I don't go that way but I respect your lifestyle choice.

[BiteMezzzz]

OMG and you r stupid too...

[dynamoehummm]

Look I said I have nothing against homosexuals; why do you call me stupid? Respect, Nancy, Respect.

[BiteMezzzz]

cant help it if u sound like a retard...

[dynamoehummm]

I'm sure you're a nice person, but like I said I'm just not interested. Don't be bitter; you'll find someone someday. Just keep reaching for the stars.

[BiteMezzzz]

u C thats exactly what am talking about theres nuthing sadder than being so pathetic and unfanny especially when the artard in question believes otherwise keep trying tho u never know

[dynamoehummm]

I'm still not interested.

[BiteMezzzz]

and u r still that retarded

[dynamoehummm]

Thut's 'unfanny' and 'artarded'. Stoll nut onteristed, Nuncy.

[lamborghinigallardo1]

How did you make this video into parts?

[jeremymffingnelson]

So basically this is a rehash of every macro 101 class ever.

[nanabijou62]

Isn't it incredible how something this important for people to understand gets so little interest!!! 566 views in 2 months. Wow. The video of two otters holding hands got 2 million views in less than a week. We are all doomed.

[911truthnc]

WATCH THIS !!!