Crash Course: Chapter 6 - What is Money? by Chris Martenson

Chapter 6 (What is Money?): What is a dollar? Sure, it allows us to buy things like food, cars, and iPods; yet, most of us don't really understand money beyond that. Dr. Martenson not only provides an understandable definition, but also explains what gives our green pieces of paper value, and what dangers any currency must face.

http://www.chrismartenson.com

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[TheAceofdon]

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[PatricksTime]

@silversobe currency=debt! money is a store of value...

[TacticusPrime]

Dollars are stored digitally. Digital information, with the proper capture of energy, does not NEED to degrade. It is just as effectively eternal as gold or silver. What it's not is naturally limited in supply. It can be multiplied easily, while gold (for now) can not be.

[CitizenNumber]

Try to apply the same logic in reverse with a 1 penny with deflation. The value goes to ZERO. No more money! Economy Zero. Back to the barter system.

China has been printing their total money supply once every 40 months since before 2000. Have they hyper inflated? NO! For reasons I stated.

WAIT!! Did I say when money is printed it doesn't come out of thin air but Rather from the value of all other Money/Credit? YES! Value loss is offset by the same increase in the SUPPLY of money/Credit.

[CitizenNumber]

• 1. Money must be grown (printed) to accommodate the expansion of population and productive output in order to unleash the value of goods/services. Otherwise you get deflation The more you produce the less the value the less your income. Unlike inflation economy stops at ZERO.

2. Money is not printed out of thin air. As the Value per $ decreases via Printers THE "SUPPLY" of $ increases in your pocket. Only thing that changes is the Nominal number on the bill. 1 penny or 1 billion = the same.

[charronfamilyconnect]

Has anyone checked out Tom Greco and the money system he proposes? It looks very revolutionary and bypasses this BS system of credit and indebtiness as well as it bypasses the need to haul around Prescious metals that are at risk of theft etc...

[lopesmais]

is USA the new Yugoslavia of the world? USA sure has being printing money like if there was no tomorrow, what will happen when all of that money printed and spent by purchasing imported products returns to the USA? or what if is simple not accepted anymore due to constant devaluation?

go ahead, keep the quantitative easing rounds coming

I wouldn't wanted to be a USA lender right now.

[moveaxebx]

Money is product.

[TheAwakenedHeretic]

Money: the ultimate middleman

[hankmcclure323]

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