Beyond the Myth of the Currency System Collapse

joebhed responds to mclements941 's video on the debate around the currency system and the national economy as it looks today.

Category:

News & Politics

Tags:

• currency collapse
• money system
• debt-based money
• debt-free money system
• the money system common
• monetary reform
• End the Fed
• the way home.

[joebhed]

ummmm.......

is it the massive amounts of money

or.....

is it "no backing" for the money.

We have increased our money supply a few percent while Weimar/Zimbabwe did by 1.5 BILLION TIMES.

I don't see the connection.

Thanks.

[lingsun52]

We're no different from ZImbabwe or Weimar Germany. We're doing the same thing they are--we're printing massive amounts of money with nothing to back it up. The dollar WILL lose its status as the world's reserve currency. We WILL see hyperinflation like Germany did in the 1920s. NO inflation is necessary or desirable.

[mclements941]

Thanks for your thoughtfull response. I always enjoy a honest respectfull debate about these issues. I agree a certian ammount of inflation is necessary, however, I still think the money supply has gotten a little out of hand. expecially since there haven't been any new demand for goods and services during the same time period time period.

[charronfamilyconnect]

All money has to be backed with something other than simply trust and confdience like labour, energy/ gold silver or whatever people value that requires effort to acquire; Otherwise, it eventually collapses and fails to serve the purpose of allowing us to exchange goods and services.That is my opinion.