Can't invade Russia and China since they actually DO have weapons of mass destruction. Lesson learned. If you don't want W and O to invade you, you better get WMD's. Sad but true.
the us has a huge stockpile of food and we feed the world.if the prices get so high that it might even effect us food production the world willl make sure we get the oil , or they won't eat.
fact #3 nobody has removed the dollar from use including china or russia. when the dollar declines so do all other currency's then there is no place to run then people go back to the dollar.
Sadam was going to sell his oil to china for euros, thats the ONLY reason the mass murder was committed. Democracy my ass, CLEPTOCRACY no less. Besides, the worlds toilet paper will be green ! Iran will sell Oil for Gold, another mass murder on the horizen, Keep your boys stupid and recruiting.
@TheHanscan who would want to trade in worthless euros? they have always been worthless, china would not be involved in a deal that would make the dollar worthless they have too mutch tied up in that currency.
@silencerainbows there isnt enough there to feed america for more than 6 months. in canada. plus the invasion would use uplarge volumes of oil. think harder.
So... Since I'm Canadian, and Canada is the U.S's biggest source of oil, I kinda can't wait. When the States collapse, that will leave Canada as one of the world's largest and most stable economies, and sitting on some of the world's greatest oil reserves.
Sorry to say it, but all I can say is that I hope it happens in my life time.
Please god, may Alberta become the Saudi Arabi of the 2020's...
The US dollar also gets it's value from the fact that it's used as the reserve currency for all the central banks of the world. So even if counties began trading oil in other currencies, the dollar wouldn't lose value. It's only when countries begin trading oil in currencies backed by something other than US dollars that the dollar loses all it's value.
@ghsty9 NO! It's monopolism that needs to be destroyed, not capitalism. Capitalism is just the idea that people are entitled to own capital and to make money from combining their labor with their capital to produce things they can sell, thereby earning a living. Monopolism is a gross perversion of capitalism where corporations are given the exclusive right to produce things, thereby entitling them to profit from the production of others and killing competition by renaming it 'piracy'.
@VerumAdNauseam i guess, but capitalism is still at the root. and its not really working anymore because of corporate consolidation in any industry/market in this so called "free market"
@ghsty9 Corporate monopolism is at the root, not capitalism. Monopolies are not natural entities. They exist only when created by government, by way of IP rights, for the purpose of killing the free market. Competition is critical to the free market but, the government re-defines 'property' as intellectual, and then re-defines competition as 'piracy' in order to justify shutting down small business and keeping us all employed so they can tax our incomes without resistance.
@ghsty9 When we all have the same nonexclusive right to combine our own labor with our own capital (i.e. physical property) to produce or reproduce and sell whatever we want, that's capitalism. When the government controls production, it's called communism. When the government gives private corporations the exclusive right to control the production of certain things, they become monopolies. Monopolies have more in common with communism than with capitalism.
@VerumAdNauseam the gov didn't give corporations anything. the corporations bought it. through lobbying dumb and corrupt politicians to enact trade agreements and various policies. so now the market is not free anymore and capitalism is not working because it is a closed community, in a sense.
I think someone has forgot to rule out just how far the U.S. will go to avoid this catastrophe. Two things we have in abundance is military equipment and people that are trained to use it. Foreign nations want our equipment in their arsenal, but they don't want it used against them. The U.S. dollar is truly backed by our sword which is huge.
@MrEjt1021 No American will care how much power we have when their money can no longer buy the imported goods people have been conditioned to depend on. And since all parties and organizations involved in structuring our economic policies have destroyed the manufacturing base of the US, theres certainly no way they will ever be able to work at all let alone the amount of time it will take to offset this catastrophe. I also dont believe every single country will sit buy and let us invade them
My IQ is 123 and I do well. The average is only 100, and blacks a sub moronic with average IQ of 75-80... blacks have ruined the education system in the USA because they are so stupid and worthless we are forced to learn at nigger levels. It does hold whites back, but whites are still gifted with extremely high IQ's
@bozolazic It is sad indeed that you think you have a right to smash a person point of view. You could just allow racist to live in peace away form you. That way you will not be bugged by them and they will not be bugged by you. But know, you think you have some god given right to make others accept your believes system no mater what. The 5 states of the Pacific Northwest is perfect home land for Aryan people. You all can have the rest of the USA.
@MrJapper88 Some of our chiefs make the claim that the land belongs to us. It is not what the Great Spirit told me. He told me that the lands belong to Him, that no people owns the land; that I was not to forget to tell this to the white people when I met them in council.
@ilpandplm Not true, some get affirmative action, quotas, and unjust hate crime laws, and allowed to sue if they have a bad hair day, and lower school standards for them. minorities do not have to work hard for anything and they except to be treated as equals. what a joke.
If I could print money out of thin air, I would finance a huge army and take over the world while putting everybody else in debt.. But that's just me.. or is it?
So this oil thing - we have tons of oil right underneath our feet which we COULD drill fo if the commie EPA would let us. Guess what? If this oil/dollar thing happens they'll drill here. Same thing for chickens and corn. The farms will change and evolve. People tend to perservere and overcome. I mean.... just saying.
I agree with you 100%. And I think of this issue everyday.
You try telling this to ~ 90% of the population in the USA, and they look at you like you need to take your medication. Even-though the sings are right in front of their eyes, everywhere.
New, untold ideas and practices will immediately replace the old, greed based principles. We'll figure it out quickly and I mean... the existing way of going about things is simply not sustainable. Remember, necessity is the mother of invention. We're not stupid which, is the premise of this video in the first place.
Its no big deal that China and Russia are not using dollars. Russia is not even one of China's top 10 trading partners. China has absolutely no intent on making its nearly $3 trillion US FX reserves lose a double digit percentage of their value overnight.
How or why would China facilitate the removal of the petrodollar if American debt is owned by China and the collapse of the dollar would surely mean the collapse of the Chinese economy too ?
@2011blueman OK, now you tell me, why whould 4 and 6 be wrong. I don't know the exact current number of 4, it doesn't really matter ...
So, what does people around the world really own dollars? Because I for instance DON'T ... I sold them ALL for Swiss Francs long ago. And is USA really able to pay back the debt?
@2011blueman What part of 4 is false? By definition there's more debt than dollars. Every dollar is created as a loan and each dollar needs to be paid back with interest.
The devil is losing and at the end will be accused of all the crimes. Live at the full in the freedom of GOD (praying in a right form, following the INSTRUCTIONS in the Bible - keeping the 10 commandments - including keeping the Saturday as the 7th day etc.) instead of in the incapacity and deception of devil. Jesus Christ is the savior, love and hope.
Do you think the SA can survive when 3rd world shit skin scum will be the majority? Do you think these fucking stupid ass lazy retard shit skins will have the IQ and work ethic to keep the USA a 1st class nation? Fuck no they will not the USA will die, we will have a civil war and we will free ourselves form these evil stupid lazy shit skins.
@MrJapper88 I did not know that the education system in USA sucks THIS much. But then again, your shithole country is also the home of most creationists. How does it feel to have the same IQ with an average amoeba? Must be hard to survive from everyday tasks.
Seeing as we feed a lot of the world I don't really see food being an issue...and maybe..just maybe.. the dollar collapsing could be good. It'll MAKE the US learn to produce for itself again.
not only the U.S. has such a high debt that they can't pay it back, EVERY STATE on the face of the earth has such a high debt. the world debt is so high that there isn't even enough money on earth to be able to pay it back. does that mean that the whole earth will fall into recession? no.
The collapse of the USA is one thing... but the coming "oil shock" threatens the globe. The worst affected will be city dwellers. In the next few years I intend to get my own property and be as self-sufficient as possible. That's good insurance against a number of situations: oil shock, runaway global warming, nuclear war, economic collapse, etc.
If we really needed to... we could tap the plethora of recently discovered (in the last 5 years) sand-oil / natural gas reserves under our own American soil. Look into it. It's much more environmentally unfriendly, but it's totally available. That's not even considering the amount of ready to ship oil we could pipe down from Canada, nor considering the PROVEN crude in Alaska.
Yes, it would be detrimental to the environment, but when you're facing economic collapse, there's no argument.
I stopped watching this video after the 0:11 mark. Why? Because this photo is completely out of context. It was chosen because it fits the context the author of this video is trying to show. People have been screaming, "the sky is falling" since the dawn of man. Of course I'll get thumbs down for this but if you're so afraid of the "sky falling", move into the wilderness of Canada, grow your own food and live off the grid. This way YOU CAN'T VOTE! :)
Well, you did manage to get top comment, despite your comment containing absolutely nothing relevant to what he said and accuse him of a hyperbole he didn't even use. If you're not going to watch the video, please don't reply to it.
a little extreme... but considering that we feed most the world I think we do have some leverage as a nation. supply demand also plays a factor here. changes are coming which is why you will also see technology lead a revolution away from oil to alternative energy. in addition you'll see oil project just as in williston north dakota. you can do your research there. out of doom and gloom come the better world.
Great educational video. I am glad I am not the only one that sees this coming. What ever the reason is for scarcity or a total collapse in the economy, its obvious we need to take action as people because I can be sure that the government will not assist as much as people think they will.
@MCE092290 i have been trying to show these videos to people in my school and sadly only like three people out of some 250 people able to see are watching... i had to scare them with this information so they know what is happening to this country... i still breaks my heart that most of us are to distracted to see all of this because of sports, music, fixations with singers (like justin beiber), video games and other distractions... i would love for more people in my school to see this
@AntisocialVirtuoso Among other alternative energies! Oil, which "drives" the world wont last forever and will deplete, if that happens without alternatives more wars will happen
@AntisocialVirtuoso LuuuLzzz, solar power isn't near ready for mass use yet. We have the technology to capture it, but we're light years behind with efficient ways to store all that power for fluctuating demands in the power grid.
If you want true alternative energy production to fossil fuels then build more nuclear power plants, natural gas plants (running off proven US nat gas reserves), and hydroelectric dams
This video is retarded. Even though the US imports a lot of oil, we can still produce enough oil domestically and offshore. We're just waiting for the other countries to run outta their oil, before we start drilling our own.
Demand for the dollar also can come from interest rates, trading, and other foreign factors including the uncertainty of the euro (more people invest in stable currencies). - Basic Economics. Also when China finally reaches it's limits on it's supply of cheap labour, the most likely place for cheap labour to come from is Africa (where in several countries the dollar is used instead of their own national currency)... Stop scare mongering people with this false propaganda!
The Rothschild's secret financial records are never audited and never accounted for. Their family commissioned biographies give the illusion that their family fortune has dwindled. But researchers estimate their wealth at close to 500 trillion dollars – more than half the wealth of the entire world.
@Carpathian2010 LOL your a fucking moron. and a sorry excuse for debates. pulling numbers and inventing shit up out of your ass with source or evidence. your fucking pathetic.
@usaeagle1776 Are you one of those paid blogger who works on the public relationship committees and tries to discredit anyone and everyone who dare speak the truth? Your fruitless personal attacks have zero value.
@Carpathian2010 Nope, I am not. I am just someone who has more common sense and intelligence then some dipshit like you. if calling you out on your fucking stupid ass baseless comments upset you asswipe, then too bad. when you do that, someone will call you up on it. And since you have failed miserably on proving your bullshit comments, it proves your a liar and a bullshitter. The truth does hurt doesnt it dumbass?
@usaeagle1776 To me you have to be really blind to not know the fact that their wealth is around 500 trillion. Numerous sources have presented this through academic lectures and various articles regarding the fact. What I don’t understand is your credibility, judging by your dialect you are not very intelligent. You’re like this dog with rabies that I just took his favorite bone from.
@Carpathian2010 I spend a lot of time reading articles, news, theories, biographies and many other various sources of information. I stand by what I said, if you can prove me wrong do so, I am more then interested in hearing your input, but do not present me anything from Forbs or any such junk source from mainstream anything. Eventually your IQ will develop to where you can fetch the newspaper without drooling on it to bring it to your master. My fingers are crossed.
@Carpathian2010 : you are wrong, I have given you just ONE SOURCE that totally destroys you fantasy of lies and absolute fabrication of so called inuendo that you have no way of proving. you continue to hide and try to slither away like a snake because you know your are a liar and you dont have the manhood hanging between your legs to admit. what piece of human excrement you are. and your comments that lack FACTS shows your more or less a retard with a very low IQ. pathetic.
@usaeagle1776 Almost every Internet outlet claims it to be in the trillions, but you’re hanging onto Forbs like a monkey to a tree branch. I can tell you’re a low IQ person just by the language you use, and yes I trust the Internet for news more so then any Government owned and influenced media source.
@Carpathian2010 :"Internet outlet"?LOLOLOLOLOL wtf is that? you still cant admit your assed has been proven to be a liar and a fraud. you still cannot give ONE SINGLE SOURCE can you boy? fucking pathetic beyond belief.
You’re so politically inept that you don’t even know that it doesn’t matter if you’re a liberal or a conservative. The current government serves the interests of one not it’s own and sure the hell does not serve the interest of its people. I can see why you joined the military; you got a few marbles loose. I guess they really jammed that red white and blue up your ass really far. Don’t worry it will come out one day.
@Carpathian2010 : coming from a loser, a liar and idiot, your comment, as have all your comments by the way, mean nothing. I have proven you an idiot, someone who cannot even prove his bullshit is true. every comment you make just shows how fucking stupid you are. LOLOLOL holy shit, your so fucking stupid!!
@Carpathian2010 : lol keep dreaming BOY. the only idiot is you, since you cannot even back up your bullshit claims. you are so pathetic. why can you not give one source? i dare you to answer that. because you cant. only your asshole can. LOLOLOLOOOL
@Carpathian2010 oh they did. killed alot of insurgents and raghead scum too. just like the USNAVY gonna do to that rag tag so called Iranian Navy.....if they ever come out of hiding from the US Carriers there LOL
@usaeagle1776It's true that Iran has a very small navy compared to the US but they also don't spend 663.84 billion of their annual income on military. While here in the US 40% of people are without any healthcare insurance and the degrading education system, which you are a prime example of, is failing.
@Carpathian2010 : again, STATE THESE SOURCES!!! 500 TRILLION ? do you really realize how much money that is? And how does one determine dialect from typed comments? you really are the dumbest fuck i have ever communicated with. the fact your pissed about being called on with your dubious fraudulent comments is your own problem dumbass. AGAIN, SHOW ME YOUR SOURCES or shut the fuck up. you just continue to embarrass your ignorant ass every time you return a comment. idiot.
@uzimodem Enlighten me with your wisdom of the great cheddar cheese dorito, I don't see your figure or source, just plain out attack of an imaginary character which you just painted, I wonder who is really on drugs now?
@Carpathian2010 Well, you use this thing called the "search engine" something that is on the internet. Then you put in the subject you wish to research. LOL George Soros is worth $22 billion while the Rothschilds are worth $2 billion. see how easy that was? Source: Forbes 100 top ten richest people in the world. Wow, you are such an idiot.
@uzimodem LOL this dumbass is just making shit up and pulling shit out of his ass. he has not one clue of what he is muttering. dont waste your time with this idiot.
@Carpathian2010 : 17 trillion ? LOLOLOL where did you get that figure, out of your ass? LOL they are estimated by Forbes as having only $2 billion in total assets!!! BOY, when you debate me you better bring your A game, and know what the fuck you are talking about dumbass. pathetic.
@usaeagle1776 I got my figures from a Hungarian professor, however I am not sure who here sounds and looks like a dumb ass? I guess anyone that relies on Forbs for accurate information. Your vulgarity is just as appalling as your verbal diarrhea. I hope you don’t kiss your mother with that mouth.
@usaeagle1776 Soros is nothing more then a common thief currency manipulator. Do your homework please. I bet you eat doritos in front of your TV watching Fox news.
@Carpathian2010 LOL you really dont have any clues or know wtf you are talking about do you BOY? now your just talking out your ass and trying to bluff it through. Soros is not a "common thief" you stupid ignoramous. spend just a few minutes and do some research you asswipe. because you are embarrassing your dumbass self. I bet you eat weiners in front of your TV watching PMSNBC dont you BOY?
The attempt to determine in money the wealth of a nation or the whole mankind are as childish as the mystic efforts to solve the riddles of the universe by worrying about the dimension of the pyramid of Cheops.
The entire notion that a little bit of inflation is good makes no sense at all and defies logic.
Inflation is never good.
The notion that deficits dont matter as long as they are a certain percentage of the GDP is unacceptable.It ignores the fact that total annual borrowing of the federal government exceeds the annual deficit as the total debt is turned over more and more rapidly.
If you want to read a good book that has many sources in it read.
"The Case for Gold: A Minority Report of the United State Gold Commission" by Ron Paul and Lewis Lehrman a lot of what I am talking about is backed up.
Ron has a great understanding of our monetary history in this country.
Also inflation can exist if a bank is truly free but then people will stop going to that bank because people will know they are a fractional reserve bank and are not backing there currency with specie.This is why "wild cat" banks moved far away to avoid brokers.
The entire notion of fractional reserve banks is "dishonest".
Also to note money supply does grow but it should not grow from the federal reserve or a central bank or that matter via fiat.
Money supply should grow by using a commodity based currency.
When Gold or Silver is mined the supply increases.
Or if your using another commodity based currency as that commodity becomes more available the money grows.The free market has chosen Gold and Silver throughout history.
You cant grow money based on fake government statistics like GDP and CPI.
There is no collapse coming. At worst dollar will go off as the world's reserve currency in maybe 10-20 years. Please read some actual monetary economics instead of listening to internet doctor dooms. If you believe this you're very very very very gullible.
@fiscalconservative76 LOL. Monetarism is backed by empirical evidence. Austrian drivel on the other hand is highly theoretical. Rothbard for example wrote that it was monetary contraction that caused the Great Depression. You can't get any more wrong than that when it comes to economics. Gold standard cannot be implemented when looking at the ratio of M2 and gold reserves & neither is it a guarantee against inflation. I do admire guys like Hayek though.
One of its biggest is the notion that the money stock must grow with economic growth.Economic growth is not tied to this.
It really is just a branch Keynesian economics.
The Great Depression was caused for several reasons and the biggest reason is none other than the federal reserve.Some say the Gold standard caused the great depression which this 100% false because we did not have a real Gold standard with the federal reserve.
@fiscalconservative76 It must grow with growing economy. A growing economy needs a growing money supply. That's not "flaw", its economic science. Yes Great Depression was cause by the Fed when they failed to EXPAND the money supply. Learn something from history. Actually when two currency competes, the stronger one tends to go out of circulation as that's what people hoard. Do yourself a favor and read something other than Austrian.
@fiscalconservative76 You can use a target inflation or use something like k percent rule. Greesham's law supports what I just told you - bad money drives out the good. If an economy needs to grow then it needs growing capital. History is completely against you if you think a gold standard will prevent inflation.
All fiat currencies have failed only commodity money is honest and protects liberty.You can attack Gold all you want but ask yourself this why do central banks still hold Gold?
If its a "barbaric metal" Like Keynes said why hold it?
Monetarism ignores man's nature and assumes that if money managers and politicians are given the power to increase the money supply at a 5 percent annual rate,they will not abuse that power.History shows that power will always be abused and has been.
@fiscalconservative76 WWI, WWII and the civil war, we inflated our currency. Germany hit hyperinflation to pay back it's war debt. And the cases are numerous. Gold standard or no gold standard, it's upto the people to keep their central bank in check. Gold standard is no guarantee. They hold gold b/c it has value, I never said it didn't. And you're free to convert your dollars to gold if you have such a hard on for gold. I don't know why Keynes said it, I am not a Keynesian
Of course we inflated our currency for those wars.
The people can never keep a central bank in check that ignores man's nature
only commodity money will keep society free.When I refer to a true Gold standard I do not refer to anything past 1913.We had a Gold exchange standard past that point but the intention was always to get us off the Gold standard past 1913.
Our old Gold standards had problems this is why we need a modern gold standard.
It depends what kind of Gold standard as I said last message.
Also to note many American banks funded both sides of WW1 and WW2.
Now days in the Iraq and Afghanistan the currency is inflated as usual and the primary people pulling the strings is the military industrial complex which Eisenhower warned about.There was no WMDs in Iraq.It was all about selling there bombs etc etc.
Oil also is a reason they want us in that region.
@fiscalconservative76 I am trying to talk real economics but you're spewing bullshit Ron Paul rhetoric mixed with conspiracy crap. Where did Iraq and WMDs come into this conversation? Yes before 1913 there were many periods of inflation. Hell there was plenty of inflation even during the free banking era. Try reading actual economic history. Do you even know anything beyond what Ron Paul says? Apparently not.
Chill out I am not saying anything that is not true and I am not talking about conspiracies the other guy below me is.
Iraq not having WMDs is documented fact.
American banks funding both sides of WW1 and WW2 and even up until now is true.
I was pointing out Iraq having no WMDs because it is important to understand why central banks are connected with war profiteering and what they have to do with the fed.
Unpopular wars can not exist without a central bank.
@fiscalconservative76 I know Iraq had no WMDs. It has nothing to do with this conversation. There was no Fed during the civil war. Lincoln still inflated the currency. No you're assuming customers will have perfect knowledge of bank and it's money supply. If that was the case there would never have been any bank runs. Fractional reserve banking is fine granted receipts can be met. Also you have a wrong understanding of Greesham's law.
Customers will look very closely where they deposit their money and what currency they use unlike today.Customers wont have perfect knowledge banks cant guarantee anything.The government should not assist banks that is wrong.
Brokers and clearing banks are a great thing as well like the Suffolk Bank.
@fiscalconservative76 Yeah that's what I told you. Gold will leave circulation as it undervalued and dollar is over valued. For the Iraq war they didn't print the money, they borrowed it. Inflated currency was used to fight the revolutionary war, or this country would not have existed. And it has nothing to do with liberty. Ron Paul is very constitutional, and you spewing his rhetoric, I assume you are too. Well Congress has the authority to coin money. End of.
@fiscalconservative76 Greesham's law has nothing to do with metallism. Greesham's law was observed as early as the 17th century when Virgina had tobacco currency. Good tobacco was hoarded and went out of circulation. Well which is it? You can't advocate free banking if you're a Constitutionalist since only Congress can coin money. And I told you before, if you have such a hard on for gold you're free to buy gold with Fed notes.
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Keynesian/Monetarism violates what the founders believed in in black and white.
@fiscalconservative76 That's a Constitutional issue, not an economic issue. Learn the difference. Monetarism is economic science. You can't refute monetarism by arguing the Constitution. Stupid is the only word to describe it.
@fiscalconservative76 I have read all the Austrian drivel. I have studied all the schools. Austrian is a fringe school with very little to no empirical evidence. It's all theoretical. Things like Austrian business cycle has all been thoroughly debunked. Idiots like Rothbard wrote that monetary expansion caused the Great Depression. If you want to understand actual economic monetarism, read A monetary history of United States, Money mischief both by Friedman.
Time to start growing hemp to power your cars (just like they used to be) Thumbs?
Dubailime 18 hours ago
Can't invade Russia and China since they actually DO have weapons of mass destruction. Lesson learned. If you don't want W and O to invade you, you better get WMD's. Sad but true.
Talltrees84 1 day ago
Brother, can you paradigm?...
cheeseschrister 1 day ago
To the point! I love your style of video posting/reporting !!
Thanks!
lowpross11 4 days ago
the us has a huge stockpile of food and we feed the world.if the prices get so high that it might even effect us food production the world willl make sure we get the oil , or they won't eat.
circusboy90210 5 days ago
fact #3 nobody has removed the dollar from use including china or russia. when the dollar declines so do all other currency's then there is no place to run then people go back to the dollar.
circusboy90210 5 days ago
fact 2 the us only uses 20% of oil for transportation.
circusboy90210 5 days ago
Sadam was going to sell his oil to china for euros, thats the ONLY reason the mass murder was committed. Democracy my ass, CLEPTOCRACY no less. Besides, the worlds toilet paper will be green ! Iran will sell Oil for Gold, another mass murder on the horizen, Keep your boys stupid and recruiting.
TheHanscan 4 days ago
@TheHanscan who would want to trade in worthless euros? they have always been worthless, china would not be involved in a deal that would make the dollar worthless they have too mutch tied up in that currency.
circusboy90210 4 days ago
lard asses start walking
TheHanscan 4 days ago
get bitcoins ppl, they are accepted internationally so you can keep buying stuff from china.
vasya128 5 days ago
America could invade Canada and Mexico and steal their oil!
silencerainbows 1 week ago
@silencerainbows there isnt enough there to feed america for more than 6 months. in canada. plus the invasion would use uplarge volumes of oil. think harder.
fuckyou6485 6 days ago
@fuckyou6485 America could invade Iran and steal their oil?
silencerainbows 6 days ago
So... Since I'm Canadian, and Canada is the U.S's biggest source of oil, I kinda can't wait. When the States collapse, that will leave Canada as one of the world's largest and most stable economies, and sitting on some of the world's greatest oil reserves.
Sorry to say it, but all I can say is that I hope it happens in my life time.
Please god, may Alberta become the Saudi Arabi of the 2020's...
Leighachristine 1 week ago
once are doollers clapse could we buy anything or what?
SuperDirtyRandy 1 week ago
47 people out there are doing just fine in this terrible, futile system. They have plenty of food and land to survive if this all goes to hell.
Jeffersonwazright 1 week ago
the USA wouldnt have to import 66% of its oil if they tap there own reserves beneath alaska and
the Gulf of Mexico,But Obamaba wants to live hie green dream thatz the real problem
Viktorsiable 1 week ago
The US dollar also gets it's value from the fact that it's used as the reserve currency for all the central banks of the world. So even if counties began trading oil in other currencies, the dollar wouldn't lose value. It's only when countries begin trading oil in currencies backed by something other than US dollars that the dollar loses all it's value.
VerumAdNauseam 1 week ago
the market is not truly a free market. capitalism and the greed it breeds need to be destroyed.
ghsty9 1 week ago
@ghsty9 NO! It's monopolism that needs to be destroyed, not capitalism. Capitalism is just the idea that people are entitled to own capital and to make money from combining their labor with their capital to produce things they can sell, thereby earning a living. Monopolism is a gross perversion of capitalism where corporations are given the exclusive right to produce things, thereby entitling them to profit from the production of others and killing competition by renaming it 'piracy'.
VerumAdNauseam 1 week ago
@VerumAdNauseam i guess, but capitalism is still at the root. and its not really working anymore because of corporate consolidation in any industry/market in this so called "free market"
ghsty9 1 week ago
@ghsty9 Corporate monopolism is at the root, not capitalism. Monopolies are not natural entities. They exist only when created by government, by way of IP rights, for the purpose of killing the free market. Competition is critical to the free market but, the government re-defines 'property' as intellectual, and then re-defines competition as 'piracy' in order to justify shutting down small business and keeping us all employed so they can tax our incomes without resistance.
VerumAdNauseam 1 week ago
@VerumAdNauseam lol.. but the monopolies arise because of capitalism. do they not?
ghsty9 1 week ago
@ghsty9 When we all have the same nonexclusive right to combine our own labor with our own capital (i.e. physical property) to produce or reproduce and sell whatever we want, that's capitalism. When the government controls production, it's called communism. When the government gives private corporations the exclusive right to control the production of certain things, they become monopolies. Monopolies have more in common with communism than with capitalism.
VerumAdNauseam 1 week ago
Comment removed
ghsty9 1 week ago
This has been flagged as spam show
@VerumAdNauseam the gov didn't give corporations anything. the corporations bought it. through lobbying dumb and corrupt politicians to enact trade agreements and various policies. so now the market is not free anymore and capitalism is not working because it is a closed community, in a sense.
ghsty9 1 week ago
I think someone has forgot to rule out just how far the U.S. will go to avoid this catastrophe. Two things we have in abundance is military equipment and people that are trained to use it. Foreign nations want our equipment in their arsenal, but they don't want it used against them. The U.S. dollar is truly backed by our sword which is huge.
MrEjt1021 1 week ago
@MrEjt1021 No American will care how much power we have when their money can no longer buy the imported goods people have been conditioned to depend on. And since all parties and organizations involved in structuring our economic policies have destroyed the manufacturing base of the US, theres certainly no way they will ever be able to work at all let alone the amount of time it will take to offset this catastrophe. I also dont believe every single country will sit buy and let us invade them
AlexanderSaint1 1 week ago
@MrEjt1021 Other than that though we do indeed have the biggest "sword"... If only people could eat bullets :D
AlexanderSaint1 1 week ago
Quantitative easing is already causing inflation...
pillowbugg 1 week ago
They say that this society will come to an end, because societies have always done so.
I wonder whether they have ended because they were not really societies at all.
bozolazic 2 weeks ago
it's coming as sure as the sun will rise tomorrow, buy silver, gold, and stock up
cmharding69 2 weeks ago
My IQ is 123 and I do well. The average is only 100, and blacks a sub moronic with average IQ of 75-80... blacks have ruined the education system in the USA because they are so stupid and worthless we are forced to learn at nigger levels. It does hold whites back, but whites are still gifted with extremely high IQ's
MrJapper88 2 weeks ago
@MrJapper88 “What a sad era when it is easier to smash an atom than a prejudice.”
― Albert Einstein
bozolazic 2 weeks ago
@bozolazic It is sad indeed that you think you have a right to smash a person point of view. You could just allow racist to live in peace away form you. That way you will not be bugged by them and they will not be bugged by you. But know, you think you have some god given right to make others accept your believes system no mater what. The 5 states of the Pacific Northwest is perfect home land for Aryan people. You all can have the rest of the USA.
MrJapper88 2 weeks ago
@MrJapper88 Some of our chiefs make the claim that the land belongs to us. It is not what the Great Spirit told me. He told me that the lands belong to Him, that no people owns the land; that I was not to forget to tell this to the white people when I met them in council.
---Kanekuk - Kickapoo prophet
bozolazic 1 week ago
@MrJapper88 Worms are going to eat that stupid white skin and your stupid IQ. You complete and utter moron, all men are created equal.
ilpandplm 1 week ago
@ilpandplm Not true, some get affirmative action, quotas, and unjust hate crime laws, and allowed to sue if they have a bad hair day, and lower school standards for them. minorities do not have to work hard for anything and they except to be treated as equals. what a joke.
MrJapper88 1 week ago
I heard there are huuge oil deposits in alaska
I0o 2 weeks ago
If I could print money out of thin air, I would finance a huge army and take over the world while putting everybody else in debt.. But that's just me.. or is it?
chico280 2 weeks ago
I think I'am gonna take my wife's offer and move to Peru with her, land is cheap there.Live like the indeginous people there.
elfil76 2 weeks ago
So this oil thing - we have tons of oil right underneath our feet which we COULD drill fo if the commie EPA would let us. Guess what? If this oil/dollar thing happens they'll drill here. Same thing for chickens and corn. The farms will change and evolve. People tend to perservere and overcome. I mean.... just saying.
s2mikey 2 weeks ago
I agree with you 100%. And I think of this issue everyday.
You try telling this to ~ 90% of the population in the USA, and they look at you like you need to take your medication. Even-though the sings are right in front of their eyes, everywhere.
PayBacks4All 2 weeks ago 12
New, untold ideas and practices will immediately replace the old, greed based principles. We'll figure it out quickly and I mean... the existing way of going about things is simply not sustainable. Remember, necessity is the mother of invention. We're not stupid which, is the premise of this video in the first place.
kootenaylad 3 weeks ago
that fly was really annoying =)
simsghost 3 weeks ago
Why is it so hard to put links to your facts? It's not about holding peoples hands, it's about verifying the source.
cb4uid 3 weeks ago 3
@cb4uid Well said!
balajeemettle 2 weeks ago
Its no big deal that China and Russia are not using dollars. Russia is not even one of China's top 10 trading partners. China has absolutely no intent on making its nearly $3 trillion US FX reserves lose a double digit percentage of their value overnight.
rodeored2009 3 weeks ago
How or why would China facilitate the removal of the petrodollar if American debt is owned by China and the collapse of the dollar would surely mean the collapse of the Chinese economy too ?
metrocityslicker 3 weeks ago
Non sequitur logic at it's finest.
P.S. "Facts" 4 & 6 are false, but even assuming, arguendo, that they're correct it's still a non sequitur argument.
2011blueman 3 weeks ago
@2011blueman OK, now you tell me, why whould 4 and 6 be wrong. I don't know the exact current number of 4, it doesn't really matter ...
So, what does people around the world really own dollars? Because I for instance DON'T ... I sold them ALL for Swiss Francs long ago. And is USA really able to pay back the debt?
oporim 3 weeks ago
@oporim *what does MAKE people around ...
oporim 3 weeks ago
@2011blueman What part of 4 is false? By definition there's more debt than dollars. Every dollar is created as a loan and each dollar needs to be paid back with interest.
hawbster 3 weeks ago
that walmart does a bad job stocking things thats bad and walmart is the next biggest company
jesselyle2186 3 weeks ago
@baobubs dont forget intense volcanic and seizmic activity. not to mention the impending zombie apocalypse.
wishfix 4 weeks ago
You sound like a wimpy fag with that low, mumbling voice! Speak up like a man! and don't mumble.
FlatulousMaximus 4 weeks ago
This has been flagged as spam show
The devil is losing and at the end will be accused of all the crimes. Live at the full in the freedom of GOD (praying in a right form, following the INSTRUCTIONS in the Bible - keeping the 10 commandments - including keeping the Saturday as the 7th day etc.) instead of in the incapacity and deception of devil. Jesus Christ is the savior, love and hope.
diptdipt 4 weeks ago
Do you think the SA can survive when 3rd world shit skin scum will be the majority? Do you think these fucking stupid ass lazy retard shit skins will have the IQ and work ethic to keep the USA a 1st class nation? Fuck no they will not the USA will die, we will have a civil war and we will free ourselves form these evil stupid lazy shit skins.
MrJapper88 1 month ago
@MrJapper88 Have you ever heard of something called "racist"?
Also... "keep the USA a 1st class nation"? You honestly think you are one? Wow.
tontsa911 2 weeks ago
@tontsa911 yes and yes. I love racism. it is the best way to keep your people safe form evil 3rd shit skins.
MrJapper88 2 weeks ago
@MrJapper88 I did not know that the education system in USA sucks THIS much. But then again, your shithole country is also the home of most creationists. How does it feel to have the same IQ with an average amoeba? Must be hard to survive from everyday tasks.
tontsa911 2 weeks ago
Seeing as we feed a lot of the world I don't really see food being an issue...and maybe..just maybe.. the dollar collapsing could be good. It'll MAKE the US learn to produce for itself again.
KaliFargher 1 month ago
I love how they say "the economy is getting better" guess its because they dont want to spead panic. the end is near
zx6me1983 1 month ago
not only the U.S. has such a high debt that they can't pay it back, EVERY STATE on the face of the earth has such a high debt. the world debt is so high that there isn't even enough money on earth to be able to pay it back. does that mean that the whole earth will fall into recession? no.
00Kaleidoscope00 1 month ago
This is called the carbon/credit view = economics. Check out my channel
eurogoldexchange 1 month ago
I am glad to have a off grid solar system and tons of tools and supplies and lots of skills and droves of knowledge
TheSolarmike 1 month ago
The collapse of the USA is one thing... but the coming "oil shock" threatens the globe. The worst affected will be city dwellers. In the next few years I intend to get my own property and be as self-sufficient as possible. That's good insurance against a number of situations: oil shock, runaway global warming, nuclear war, economic collapse, etc.
baobubs 1 month ago
If we really needed to... we could tap the plethora of recently discovered (in the last 5 years) sand-oil / natural gas reserves under our own American soil. Look into it. It's much more environmentally unfriendly, but it's totally available. That's not even considering the amount of ready to ship oil we could pipe down from Canada, nor considering the PROVEN crude in Alaska.
Yes, it would be detrimental to the environment, but when you're facing economic collapse, there's no argument.
brassmonkey4288 1 month ago
@brassmonkey4288 but it's still only temporary.
pillowbugg 1 month ago
I am watching now several of your videos and I must say that they are quite extreme in their views....but are frighteningly plausible!
Money rules the world, oil drives the money and the more money the more power.
What if the world crude oil reservoirs will suddenly go dry......no more oil to pump out anywhere on this planet!
Which will happen!
Without alternative there will be chaos, war, mass slaughter and no money can save them then!
brockpierce1984 1 month ago
I stopped watching this video after the 0:11 mark. Why? Because this photo is completely out of context. It was chosen because it fits the context the author of this video is trying to show. People have been screaming, "the sky is falling" since the dawn of man. Of course I'll get thumbs down for this but if you're so afraid of the "sky falling", move into the wilderness of Canada, grow your own food and live off the grid. This way YOU CAN'T VOTE! :)
toxicityrckr 1 month ago
@toxicityrckr
Well, you did manage to get top comment, despite your comment containing absolutely nothing relevant to what he said and accuse him of a hyperbole he didn't even use. If you're not going to watch the video, please don't reply to it.
myusernameisluc 1 month ago
a little extreme... but considering that we feed most the world I think we do have some leverage as a nation. supply demand also plays a factor here. changes are coming which is why you will also see technology lead a revolution away from oil to alternative energy. in addition you'll see oil project just as in williston north dakota. you can do your research there. out of doom and gloom come the better world.
wizardjames01 1 month ago
Great educational video. I am glad I am not the only one that sees this coming. What ever the reason is for scarcity or a total collapse in the economy, its obvious we need to take action as people because I can be sure that the government will not assist as much as people think they will.
MCE092290 1 month ago
@MCE092290 i have been trying to show these videos to people in my school and sadly only like three people out of some 250 people able to see are watching... i had to scare them with this information so they know what is happening to this country... i still breaks my heart that most of us are to distracted to see all of this because of sports, music, fixations with singers (like justin beiber), video games and other distractions... i would love for more people in my school to see this
ravager700 1 month ago
First thousands of Americans to lose their jobs is the people that work in Airlines like Delta Airlines and at airports.
Then everyone that work at Wall Mart, importing junk from China.
We need to go back to basic local production and sale, not unsustainable globalization.
sangolt88 1 month ago
Solar power is the key.
AntisocialVirtuoso 1 month ago
@AntisocialVirtuoso Among other alternative energies! Oil, which "drives" the world wont last forever and will deplete, if that happens without alternatives more wars will happen
brockpierce1984 1 month ago
@AntisocialVirtuoso LuuuLzzz, solar power isn't near ready for mass use yet. We have the technology to capture it, but we're light years behind with efficient ways to store all that power for fluctuating demands in the power grid.
If you want true alternative energy production to fossil fuels then build more nuclear power plants, natural gas plants (running off proven US nat gas reserves), and hydroelectric dams
brassmonkey4288 1 month ago
And now we can add India to the short list. We're going down.
tomperanteau 1 month ago
It worries me that my life might depend on you being wrong; I've got this terrible feeling that you're not.
grundgemonster 1 month ago 21
@grundgemonster Get prepared. It feels so good.
CongressBeta 2 weeks ago
This video is retarded. Even though the US imports a lot of oil, we can still produce enough oil domestically and offshore. We're just waiting for the other countries to run outta their oil, before we start drilling our own.
ScopedOUT2 1 month ago
@ScopedOUT2 goodluck.
kaburugi 1 month ago
@ScopedOUT2 how long? Forever and ever or about 10 years Max?
pillowbugg 1 month ago
they're converting trucks to run on natural gas.
LordsWatchDog 1 month ago
Demand for the dollar also can come from interest rates, trading, and other foreign factors including the uncertainty of the euro (more people invest in stable currencies). - Basic Economics. Also when China finally reaches it's limits on it's supply of cheap labour, the most likely place for cheap labour to come from is Africa (where in several countries the dollar is used instead of their own national currency)... Stop scare mongering people with this false propaganda!
naibaf321 1 month ago
The world can then be good again :) the us is not the world
LoveIsPower369 1 month ago
in conclusion I do believe Soros is a lap dog for the Rothschild family or perhaps even one of them.
Carpathian2010 1 month ago
@Carpathian2010 LOL
usaeagle1776 1 month ago
The Rothschild's secret financial records are never audited and never accounted for. Their family commissioned biographies give the illusion that their family fortune has dwindled. But researchers estimate their wealth at close to 500 trillion dollars – more than half the wealth of the entire world.
Carpathian2010 1 month ago
@Carpathian2010 LOL your a fucking moron. and a sorry excuse for debates. pulling numbers and inventing shit up out of your ass with source or evidence. your fucking pathetic.
usaeagle1776 1 month ago
@usaeagle1776 What evidence do you have? Forbs roflamo.
Carpathian2010 1 month ago
@Carpathian2010 thats right. a REAL and LEGITIMATE source unlike you, which have not done ONCE. what is your source? your asshole?
usaeagle1776 1 month ago
@usaeagle1776 Are you one of those paid blogger who works on the public relationship committees and tries to discredit anyone and everyone who dare speak the truth? Your fruitless personal attacks have zero value.
Carpathian2010 1 month ago
@Carpathian2010 Nope, I am not. I am just someone who has more common sense and intelligence then some dipshit like you. if calling you out on your fucking stupid ass baseless comments upset you asswipe, then too bad. when you do that, someone will call you up on it. And since you have failed miserably on proving your bullshit comments, it proves your a liar and a bullshitter. The truth does hurt doesnt it dumbass?
usaeagle1776 1 month ago
@usaeagle1776 To me you have to be really blind to not know the fact that their wealth is around 500 trillion. Numerous sources have presented this through academic lectures and various articles regarding the fact. What I don’t understand is your credibility, judging by your dialect you are not very intelligent. You’re like this dog with rabies that I just took his favorite bone from.
Carpathian2010 1 month ago
@Carpathian2010 I spend a lot of time reading articles, news, theories, biographies and many other various sources of information. I stand by what I said, if you can prove me wrong do so, I am more then interested in hearing your input, but do not present me anything from Forbs or any such junk source from mainstream anything. Eventually your IQ will develop to where you can fetch the newspaper without drooling on it to bring it to your master. My fingers are crossed.
Carpathian2010 1 month ago
@Carpathian2010 : you are wrong, I have given you just ONE SOURCE that totally destroys you fantasy of lies and absolute fabrication of so called inuendo that you have no way of proving. you continue to hide and try to slither away like a snake because you know your are a liar and you dont have the manhood hanging between your legs to admit. what piece of human excrement you are. and your comments that lack FACTS shows your more or less a retard with a very low IQ. pathetic.
usaeagle1776 1 month ago
@usaeagle1776 Almost every Internet outlet claims it to be in the trillions, but you’re hanging onto Forbs like a monkey to a tree branch. I can tell you’re a low IQ person just by the language you use, and yes I trust the Internet for news more so then any Government owned and influenced media source.
Carpathian2010 1 month ago
@Carpathian2010 :"Internet outlet"?LOLOLOLOLOL wtf is that? you still cant admit your assed has been proven to be a liar and a fraud. you still cannot give ONE SINGLE SOURCE can you boy? fucking pathetic beyond belief.
usaeagle1776 1 month ago
@usaeagle1776 Wayne,
You’re so politically inept that you don’t even know that it doesn’t matter if you’re a liberal or a conservative. The current government serves the interests of one not it’s own and sure the hell does not serve the interest of its people. I can see why you joined the military; you got a few marbles loose. I guess they really jammed that red white and blue up your ass really far. Don’t worry it will come out one day.
Carpathian2010 1 month ago
@Carpathian2010 : coming from a loser, a liar and idiot, your comment, as have all your comments by the way, mean nothing. I have proven you an idiot, someone who cannot even prove his bullshit is true. every comment you make just shows how fucking stupid you are. LOLOLOL holy shit, your so fucking stupid!!
usaeagle1776 1 month ago
@usaeagle1776 I love making you look like an idiot it's better then the comedy channel.
Carpathian2010 1 month ago
@Carpathian2010 : lol keep dreaming BOY. the only idiot is you, since you cannot even back up your bullshit claims. you are so pathetic. why can you not give one source? i dare you to answer that. because you cant. only your asshole can. LOLOLOLOOOL
usaeagle1776 1 month ago
@usaeagle1776 Tell me they didn't put a firearm in your hand, you had to of been the waterboy who was gang raped.
Carpathian2010 1 month ago
@Carpathian2010 oh they did. killed alot of insurgents and raghead scum too. just like the USNAVY gonna do to that rag tag so called Iranian Navy.....if they ever come out of hiding from the US Carriers there LOL
usaeagle1776 1 month ago
@usaeagle1776It's true that Iran has a very small navy compared to the US but they also don't spend 663.84 billion of their annual income on military. While here in the US 40% of people are without any healthcare insurance and the degrading education system, which you are a prime example of, is failing.
Carpathian2010 1 month ago
@Carpathian2010 LOL 40%? no where near that BOY. the USA is far better off then your thirdworld shithole you are living in right now. LOL
usaeagle1776 1 month ago
@Carpathian2010 : again, STATE THESE SOURCES!!! 500 TRILLION ? do you really realize how much money that is? And how does one determine dialect from typed comments? you really are the dumbest fuck i have ever communicated with. the fact your pissed about being called on with your dubious fraudulent comments is your own problem dumbass. AGAIN, SHOW ME YOUR SOURCES or shut the fuck up. you just continue to embarrass your ignorant ass every time you return a comment. idiot.
usaeagle1776 1 month ago
@Carpathian2010 LOL 500 trillion? LMFAO!!! wow, you are a idiot. where did you get that figure? from a drug induced dream? LOL
uzimodem 1 month ago
@uzimodem Enlighten me with your wisdom of the great cheddar cheese dorito, I don't see your figure or source, just plain out attack of an imaginary character which you just painted, I wonder who is really on drugs now?
Carpathian2010 1 month ago
@Carpathian2010 Well, you use this thing called the "search engine" something that is on the internet. Then you put in the subject you wish to research. LOL George Soros is worth $22 billion while the Rothschilds are worth $2 billion. see how easy that was? Source: Forbes 100 top ten richest people in the world. Wow, you are such an idiot.
uzimodem 1 month ago
@uzimodem LOL this dumbass is just making shit up and pulling shit out of his ass. he has not one clue of what he is muttering. dont waste your time with this idiot.
usaeagle1776 1 month ago
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Carpathian2010 1 month ago
The accumulated wealth of the Rothschild’s is enough to pay off the US debt and they would still have a few trillion left over.
Carpathian2010 1 month ago
@Carpathian2010 Or that of George Soros, Bill Gates, and other liberals. I am sure you were going to mention that too.
usaeagle1776 1 month ago
@usaeagle1776 Soros is small fries compared to the others.
Carpathian2010 1 month ago
@Carpathian2010 The wealth of the Rothschilds is around 17 trillion, we did not talk about Rockefeller family yet.
Carpathian2010 1 month ago
@Carpathian2010 : 17 trillion ? LOLOLOL where did you get that figure, out of your ass? LOL they are estimated by Forbes as having only $2 billion in total assets!!! BOY, when you debate me you better bring your A game, and know what the fuck you are talking about dumbass. pathetic.
usaeagle1776 1 month ago
@usaeagle1776 I got my figures from a Hungarian professor, however I am not sure who here sounds and looks like a dumb ass? I guess anyone that relies on Forbs for accurate information. Your vulgarity is just as appalling as your verbal diarrhea. I hope you don’t kiss your mother with that mouth.
Carpathian2010 1 month ago
@Carpathian2010 sure he is. the guy who broke the Bank of England, and etc. best you do your research BOY. pathtetic.
usaeagle1776 1 month ago
@usaeagle1776 Soros is nothing more then a common thief currency manipulator. Do your homework please. I bet you eat doritos in front of your TV watching Fox news.
Carpathian2010 1 month ago
@Carpathian2010 LOL you really dont have any clues or know wtf you are talking about do you BOY? now your just talking out your ass and trying to bluff it through. Soros is not a "common thief" you stupid ignoramous. spend just a few minutes and do some research you asswipe. because you are embarrassing your dumbass self. I bet you eat weiners in front of your TV watching PMSNBC dont you BOY?
usaeagle1776 1 month ago
The attempt to determine in money the wealth of a nation or the whole mankind are as childish as the mystic efforts to solve the riddles of the universe by worrying about the dimension of the pyramid of Cheops.
-Ludwig von Mises
fiscalconservative76 1 month ago in playlist Liked videos
Monetarism fails because you cant "guess" what the economic growth will be 2% or 6% so if we dont know we cannot
know how much money to create in order to produce price stability.
We cant wait until after economic growth to inject the money it will do nothing at that point.
fiscalconservative76 1 month ago
This has been flagged as spam show
The entire notion that a little bit of inflation is good makes no sense at all and defies logic.
Inflation is never good.
The notion that deficits dont matter as long as they are a certain percentage of the GDP is unacceptable.It ignores the fact that total annual borrowing of the federal government exceeds the annual deficit as the total debt is turned over more and more rapidly.
fiscalconservative76 1 month ago
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fiscalconservative76 1 month ago
If you want to read a good book that has many sources in it read.
"The Case for Gold: A Minority Report of the United State Gold Commission" by Ron Paul and Lewis Lehrman a lot of what I am talking about is backed up.
Ron has a great understanding of our monetary history in this country.
fiscalconservative76 1 month ago
Also inflation can exist if a bank is truly free but then people will stop going to that bank because people will know they are a fractional reserve bank and are not backing there currency with specie.This is why "wild cat" banks moved far away to avoid brokers.
The entire notion of fractional reserve banks is "dishonest".
fiscalconservative76 1 month ago
Austrian Economics > Keynesian/Monetarism
fiscalconservative76 1 month ago
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Also to note money supply does grow but it should not grow from the federal reserve or a central bank or that matter via fiat.
Money supply should grow by using a commodity based currency.
When Gold or Silver is mined the supply increases.
Or if your using another commodity based currency as that commodity becomes more available the money grows.The free market has chosen Gold and Silver throughout history.
You cant grow money based on fake government statistics like GDP and CPI.
fiscalconservative76 1 month ago
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fiscalconservative76 1 month ago
What exactly is the "OPFC"?
rutofan 1 month ago in playlist Liked videos
There is no collapse coming. At worst dollar will go off as the world's reserve currency in maybe 10-20 years. Please read some actual monetary economics instead of listening to internet doctor dooms. If you believe this you're very very very very gullible.
H1TMANactual 1 month ago 2
@H1TMANactual
Your the one who is gullible sadly maybe you should actually study some real economics not blindly follow Keynesian/Monetarism trash.
Austrian Economics is what its all about the rest is trash.
Oh and by the way "government statistics" dont count.
fiscalconservative76 1 month ago
@fiscalconservative76 LOL. Monetarism is backed by empirical evidence. Austrian drivel on the other hand is highly theoretical. Rothbard for example wrote that it was monetary contraction that caused the Great Depression. You can't get any more wrong than that when it comes to economics. Gold standard cannot be implemented when looking at the ratio of M2 and gold reserves & neither is it a guarantee against inflation. I do admire guys like Hayek though.
H1TMANactual 1 month ago
@H1TMANactual
Monetarism has several flaws.
One of its biggest is the notion that the money stock must grow with economic growth.Economic growth is not tied to this.
It really is just a branch Keynesian economics.
The Great Depression was caused for several reasons and the biggest reason is none other than the federal reserve.Some say the Gold standard caused the great depression which this 100% false because we did not have a real Gold standard with the federal reserve.
fiscalconservative76 1 month ago
@fiscalconservative76 It must grow with growing economy. A growing economy needs a growing money supply. That's not "flaw", its economic science. Yes Great Depression was cause by the Fed when they failed to EXPAND the money supply. Learn something from history. Actually when two currency competes, the stronger one tends to go out of circulation as that's what people hoard. Do yourself a favor and read something other than Austrian.
H1TMANactual 1 month ago
@H1TMANactual
Money does not need to "grow".
Actually if you look in history (that is not twisted) remember what they said before the founding of the fed and was one big reason for setting it up
we need a "elastic currency" such rubbish.
Economic growth has nothing to do with the money stock.
That is a misleading about the stronger currency being hoarded.
The stronger currency only leaves circulation when it is undervalued by the government.
Greshams law.
fiscalconservative76 1 month ago
@fiscalconservative76 You can use a target inflation or use something like k percent rule. Greesham's law supports what I just told you - bad money drives out the good. If an economy needs to grow then it needs growing capital. History is completely against you if you think a gold standard will prevent inflation.
H1TMANactual 1 month ago
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fiscalconservative76 1 month ago
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@H1TMANactual
What you said was dead wrong your quote below.
"Actually when two currency competes, the stronger one tends to go out of circulation as that's what people hoard."
The stronger currency does not simply go out of circulation on its own that makes no sense and is not Greshams Law.
Bimetallism in the past played a part in this.
It goes out of circulation because of the government devaluing the stronger currency.
fiscalconservative76 1 month ago
All fiat currencies have failed only commodity money is honest and protects liberty.You can attack Gold all you want but ask yourself this why do central banks still hold Gold?
If its a "barbaric metal" Like Keynes said why hold it?
Monetarism ignores man's nature and assumes that if money managers and politicians are given the power to increase the money supply at a 5 percent annual rate,they will not abuse that power.History shows that power will always be abused and has been.
fiscalconservative76 1 month ago
@fiscalconservative76 WWI, WWII and the civil war, we inflated our currency. Germany hit hyperinflation to pay back it's war debt. And the cases are numerous. Gold standard or no gold standard, it's upto the people to keep their central bank in check. Gold standard is no guarantee. They hold gold b/c it has value, I never said it didn't. And you're free to convert your dollars to gold if you have such a hard on for gold. I don't know why Keynes said it, I am not a Keynesian
H1TMANactual 1 month ago
@H1TMANactual
Of course we inflated our currency for those wars.
The people can never keep a central bank in check that ignores man's nature
only commodity money will keep society free.When I refer to a true Gold standard I do not refer to anything past 1913.We had a Gold exchange standard past that point but the intention was always to get us off the Gold standard past 1913.
Our old Gold standards had problems this is why we need a modern gold standard.
Fiat money wont due.
fiscalconservative76 1 month ago
@fiscalconservative76 they also control the gold price. drove it up to 1800 and dumped to 1600's. fort knox doesnt even have gold anymore.
REFIGUY69 1 month ago
@H1TMANactual
"Gold standard is no guarantee".
It depends what kind of Gold standard as I said last message.
Also to note many American banks funded both sides of WW1 and WW2.
Now days in the Iraq and Afghanistan the currency is inflated as usual and the primary people pulling the strings is the military industrial complex which Eisenhower warned about.There was no WMDs in Iraq.It was all about selling there bombs etc etc.
Oil also is a reason they want us in that region.
fiscalconservative76 1 month ago
@fiscalconservative76 I am trying to talk real economics but you're spewing bullshit Ron Paul rhetoric mixed with conspiracy crap. Where did Iraq and WMDs come into this conversation? Yes before 1913 there were many periods of inflation. Hell there was plenty of inflation even during the free banking era. Try reading actual economic history. Do you even know anything beyond what Ron Paul says? Apparently not.
H1TMANactual 1 month ago
@H1TMANactual
Chill out I am not saying anything that is not true and I am not talking about conspiracies the other guy below me is.
Iraq not having WMDs is documented fact.
American banks funding both sides of WW1 and WW2 and even up until now is true.
I was pointing out Iraq having no WMDs because it is important to understand why central banks are connected with war profiteering and what they have to do with the fed.
Unpopular wars can not exist without a central bank.
fiscalconservative76 1 month ago
@fiscalconservative76 I know Iraq had no WMDs. It has nothing to do with this conversation. There was no Fed during the civil war. Lincoln still inflated the currency. No you're assuming customers will have perfect knowledge of bank and it's money supply. If that was the case there would never have been any bank runs. Fractional reserve banking is fine granted receipts can be met. Also you have a wrong understanding of Greesham's law.
H1TMANactual 1 month ago
@H1TMANactual
That is called taking risks you know liberty?
It really comes down to liberty or tyranny.
Thomas Jefferson>Alexander Hamilton.
Customers will look very closely where they deposit their money and what currency they use unlike today.Customers wont have perfect knowledge banks cant guarantee anything.The government should not assist banks that is wrong.
Brokers and clearing banks are a great thing as well like the Suffolk Bank.
fiscalconservative76 1 month ago
@H1TMANactual
No I am not wrong on Greshams law you are the one who is wrong.
Stop reading mainstream sources and listening to orthodox historians.
A overvalued currency will always cause a undervalued currency to leave circulation.
A good example is back in the day the Spanish silver dollar weighed more then the American dollar but like 5% or so but had the same face value.
Greshams law caused the Spanish silver dollar to leave circulation.
fiscalconservative76 1 month ago
@fiscalconservative76 Yeah that's what I told you. Gold will leave circulation as it undervalued and dollar is over valued. For the Iraq war they didn't print the money, they borrowed it. Inflated currency was used to fight the revolutionary war, or this country would not have existed. And it has nothing to do with liberty. Ron Paul is very constitutional, and you spewing his rhetoric, I assume you are too. Well Congress has the authority to coin money. End of.
H1TMANactual 1 month ago
@H1TMANactual
What your missing is Greshams law is often directly connected to government fixing like bimetallism.
They printed money yes which means they borrowed it (In theory if it is to be paid back).
Congress has the authority to coin money yes but they don't have the power to "print" money.The word print is not in the constitution for a reason.
The states under article 1 section 10 are not allowed to use anything but Gold and Silver.
fiscalconservative76 1 month ago
@fiscalconservative76 Greesham's law has nothing to do with metallism. Greesham's law was observed as early as the 17th century when Virgina had tobacco currency. Good tobacco was hoarded and went out of circulation. Well which is it? You can't advocate free banking if you're a Constitutionalist since only Congress can coin money. And I told you before, if you have such a hard on for gold you're free to buy gold with Fed notes.
...contd...
H1TMANactual 1 month ago
@H1TMANactual
Greshams law was observed with bimetallism remember the Coinage Act of 1792?
The government set the ratio between Gold and Silver and undervalued Gold which caused it to leave the country.Fixing Gold and Silver was a bad idea.
Congress has the power to "coin" money not "print" money.
It does not say only congress can coin money.
Congress can punish counterfeiters but private mints and free banks are not counterfeiting.
fiscalconservative76 1 month ago
@H1TMANactual
Article 1 section 10:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Keynesian/Monetarism violates what the founders believed in in black and white.
fiscalconservative76 1 month ago
@fiscalconservative76 That's a Constitutional issue, not an economic issue. Learn the difference. Monetarism is economic science. You can't refute monetarism by arguing the Constitution. Stupid is the only word to describe it.
H1TMANactual 1 month ago
Comment removed
fiscalconservative76 1 month ago
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@H1TMANactual
You brought it up lol? So I am the one being constitutional thank you for admitting it lol.
Monetarism is economic science in its own view of itself.
The truth is Monetarism is for putting the power into the hands of a very few wealthy elite even if it is indirectly.
fiscalconservative76 1 month ago
@H1TMANactual
It has everything to do with liberty.
Freedom is all about taking your own risks.
Banks should be treated like any other business.
Moral hazard is a bad thing.
Yes exactly the founders understood something about inflation because of the continental dollar.
That is why they put it into the constitution that only Gold and Silver should be legal tender for the states to use
fiscalconservative76 1 month ago
@H1TMANactual
Also I have nothing against Milton Friedman I am sure he was a good guy but I just don't agree with his economics.
fiscalconservative76 1 month ago
@fiscalconservative76 I have read all the Austrian drivel. I have studied all the schools. Austrian is a fringe school with very little to no empirical evidence. It's all theoretical. Things like Austrian business cycle has all been thoroughly debunked. Idiots like Rothbard wrote that monetary expansion caused the Great Depression. If you want to understand actual economic monetarism, read A monetary history of United States, Money mischief both by Friedman.