Physical Silver is Money - End the Paper Ponzi - Part "A"

This is my video submission in response to DAVINCIJ15's "Physical Silver is Money - End the Paper Ponzi" contest. This is my thoughts and opinions on why I personally feel silver is in fact money and also why the current monetary system is a scam and doesn't work. My video is rather long so I had to split it into Part "A" and Part "B".

Category:

Education

Tags:

• silver
• money
• ponzi
• bullion
• currency
• fiat
• inflation
• monetary
• gold
• precious
• metals
• fed
• dollar
• scam
• bank
• bailout
• debt
• zimbabwe
• deflation
• federal
• reserve
• central
• treasury
• bernanke
• geithner
• bubble
• bankrupt
• world
• economic
• crisis

[janius777]

"Physical money" (paper) is also just representing DEBT - so the "problem" is NOT how to pay back digital debt (96%) with actual money(4%) - EEEEEEEVERYTHING is DEBT there is no substantial "NET-MONEY" (paper or not) in the system today (except coins precisely)

Interest you have to pay when you get credit is not created simultanuously but AFTER because someone else get in debt and helps to give birth to "your" interest money that you are chasing to fulfill your obligations

one day ...GAME OVER

[XonixRogotta]

@janius777

The main point about fiat currency is that it's not sustainable. It also allows you to issue endless amounts of credit to fuel "fake" economic growth which is responsible for boom and bust bubbles. Banks give easy credit which fuels "fake" demand and so causes prices to skyrocket until banks decide to pull the plug to easy credit and boom, demand plummets and so do the prices. Until of course banks decide to start a new credit bubble.

[XonixRogotta]

@janius777

You are correct when you say everything is debt, paper money is nothing but an i.o.u. In Austria which uses the Euro, it's just like every other fiat currency in the world, just paper with ink on it backed by nothing. Every debt just gets paid back with more debt/i.o.u's. Payment is not paid in full unless you use something of real value, gold, silver or barter trade for something like a car, tv, food or even a service like a hair cut.

[youngstorm4444]

Actually, I think it's OK because you were speaking from the heart not reading a script. Thank you for your video.

[XonixRogotta]

Thanks, yea it was all improvised.

[Seefood73]

you know

you know

you know

duuuude. did you listen to yourself? you have the knowledge and the vocabulary, why mud it up, you know?

[XonixRogotta]

lol, You're absolutely right! I'm fully aware that I tend to say "you know" a lot. I guess everyone has bad habits and that is mine......you know?