Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson

Chapter 9 (A Brief History of US Money): Beginning with the panic of 1913, this chapter touches on important events in the history of US money, such as the creation of the Federal reserve, FDRs confiscation of private gold, the Bretton Woods agreement, and Nixons slamming of the gold window. We learn that the current international monetary system of unbacked currencies is only 37 years old, and is operating outside of the standards established by the Bretton Woods agreement. The system were operating within has not been planned or designed: it emerged out of a crisis. Dr. Martenson also provides graphs of total US Federal Debt, and Total US money stock, both of which are growing with no end in sight.

http://www.chrismartenson.com

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[vwrafi]

If your country ( USA ) run out of paper to print money, we, in Europe, can sell you some paper. For gold of course, not for dollars :)

[vwrafi]

@Theoneandonly5811 It is true, because we pay for everything in dollars, for oil, for gold and other stuff. But now FED is printing a lot of US dollars making it worth less, so Chinese and Arabs are angry. They are planning to sell their products in Euros as well. Dollars, since 1971, are backed by nothing as well. I hope that no country will collapse, or fall. But is does not look good.Greece, Iceland and soon other countries will go bankrupt. I've read that California is not in good condition.

[TWSceptic]

@fakemadereal Actually gold IS money. $ = fiat currency so not really money. Seems you missed part 1, 2, 3 from this course. :)

[fakemadereal]

But isn't gold the same as money in some way? It is only as valuable as people perceive it.

[samquan123]

those u.s old bills is look great, today new bill come out is look ugly and look like iraq and russian money.

[annelinehiesevtj]

ChrisMartensondotcom, wow that's crazy. That's spurting from someone who s the shortest on his team but can dunk with EASE. I followed the nba training program at 50inchvertical. com and gained past 13 inches on my vertical.

[JJbones88]

@stocktradinginvestor after Nixon took out the gold standard, did the gold really stay in the 'vaults' or where did it end up

[aquajet9x9]

go to usdebtclock(dot)org

[aquajet9x9]

before Nixon: $23 = 1 ounce gold

[christo930]

"with all the major allied powers attending"

Did the Soviet Union agree to the Brenton Woods agreement? It seems odd that a communist dictatorship would have gone along with this scheme.

[mrfwest]

@vwrafi money in the US isn't printed on paper its printed on cotton

[AngeliqueEU]

@vwrafi Funny ... but I think Europe is doing the same === printing money out of thin Air.

Also our money is not backed up by GOLD anymore ... so we are in the same sh*t