Surviving The U.S. Economic Collapse Part 1
Uploader Comments (JackNeedles)
All Comments (246)
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@TheGreekMan1981 Kudos on the mini poll with your friends by the way, a decent way to go about the argument. Others on here would probably make claims that they had asked multiple people the question, just to win their side...
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@TheGreekMan1981 Well, maybe the general populace has more intelligence or common sense then i would like to give them. However, though your friends had pretty decent, or vague answers regarding that, multiple questions would arise like how much your friends follow the economic issues, did they know gold backed the dollar in the first place, etc.? So i will agree that very few people probably believe that gold backs cash, whether by knowledge or arrogance is to be seen...
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@Amurphy37 I didn't do a poll, but just out of curiosity I called a few friends who I thought were not extremely intellectual and I asked them what the dollar was backed by and all 3 of them said pretty much the same thing.
1) Nothing
2) Pretty much just a promise that it's worth something when it's not
3) Not sure, but I think nothing
Those are the 3 responses I got....So I honestly don't think even 1% of the general population thinks the dollar backed by anything
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@TheGreekMan1981 I dont know man, i think you give too much credit to the general populace. I mean, i haven't done a poll obviously, and doubt you have either, so i will take back my claim at the majority of people believing this. However, i do think that a lot either do still believe, or were too stupid to know anything about gold backing paper money in the first place... I will admit though, that there are those out there smart enough to know facts like this accurately.
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@Amurphy37 I don't know one single person who thinks money is backed by gold.....I mean someone would have to be an idiot to think that, and in all honesty......I think it would be VERY HARD to find someone who believes that. I'm sure there are a few here and there but for the most part, people know paper money is just fiat crap.
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@TheGreekMan1981 He used the wrong word choice i believe, i think he meant the average joe, or at least i hope so. There are a lot of people that still think we have gold backing everything we have, cant even begin to imagine that we could have paper money without backing it with precious metals....
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video from mom's house......telling us what to do....... Also who in the hell on Wall Street thinks the dollar is backed by gold? NOBODY.......
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yeah this or just take a flight to China :)
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Smart thing...plan for the worst hope for the best. I know for myself acquiring long term food storage is top on my list. Unfortunately most food storage company's are so expensive with minimum orders that are only affordable to those in a higher tax bracket. What about those who are truly struggling in this economy ? The answer is on my channel...you can even get free long term storable food & preparedness items that truly just about anyone can afford. God Bless
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@JackNeedles commy!
Do you really believe that Wall Street types still think the US dollar is backed by gold? Get real.
1stPlaceDirector 1 year ago 2
If you listen closer to my video, you will see that I said "people on Wall Street". I wasn't talking about just stock traders, but average people in that knowing our currency isn't backed by gold should be as common knowledge as when we entered WW 2. Obviously, chances are that an average stock trader does already know this, although I DID talk to some who claimed to trade stocks that day who did not know.
JackNeedles 1 year ago
are you economist ?
dream2last 2 years ago
I am currently pursuing a double major in finance and economics, so I am nearly there.
JackNeedles 2 years ago
CORRECTION Acorns ar BITTER dude. They don;t tas at all like Almonds.
Buffalomovie 2 years ago
Not all almonds are sweet. The original almond was bitter. It was called "the bitter almond." The only almonds we had back then were bitter. Farmers then grafted almond trees in order to make them taste sweeter so that more people would like them. By doing this, they also took away the vitamin b-17 that were in bitter almonds. The gov. also banned bitter almond trees because they were a natural cancer cure. I don't think you'd care about the taste if you were hungry and needed some calories.
JackNeedles 2 years ago