The History of Money - Part 2
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Uploaded by ishamim on Jan 15, 2009
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So gold and silver is valuable because it is rare and artists wanted it to make goods?
So then if something like tech is more valuable then gold?
Gold is to turned into things if things exist then trade is important. Gold was good for long distant travel before cars and trucks! Big things do not need to be condensed to gold and then expanded to things any more!
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@DynamiteT money really is debt, otherwise we would all be bartering.. money represents debt or credit.. which means to trust in latin ("credo"). By carrying a standard form of exchange you're basically trading a form of credit where it is represented by trust.People trust that note can be exchanged for something. This system benefits everybody, we would not have this rate of global economic growth if not for this. Just study the banking panic of 1907 and you'll see the benefits of this system.
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lets just start the biggest fuck off global war, get shot of 90+% of humans and start from scratch without money just belief
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@mlpt1000 It makes sense though. This system does not work because the majority of the worlds population are in poverty. Money is not a problem it's greed, this system benefits the bankers and leaves the majority struggling or in poverty. Its fraud
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All im saying is that the videos are one sided... we all forget that money is backed by trust between trading parties not gold or any other precious metal.. governments can print all the money they want as long as people trust that their money will be honored by others.. even clay tablets can be used as money but its backed by trust, economies needed to be regulated because we also forget that an economy is dictated by people's irrational behavior so it needs a sober regulator.
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6:23 yup
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ahhh might as well say it....WATCH ZEITGEIST! just keep steppin back, we are on an amazing planet :)
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2:44 thats retarded
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Premiere teaching video!!! ^..^
ridovem 2 years ago 8
Greed will be the death of us.
cramsa 1 year ago 4