Understanding Money & Banking Pt. 1: What is Money?

Part 1 of a multi-part series by lawyer Paul McKeever that explains the nature of money and banking as it has never been explained to you before.

Category:

News & Politics

Tags:

• money

[zarits500]

This guy just keeps on driving and driving,wonder where he goes!?

[CymroGoch]

The Rock: It doesn't matter whether you've actually exchanged the physical objects or not!

[PRUSMATTER]

This guy probably gets bored while driving to work everyday and decides to recall whatever he has learnt while videoing himself. Best of all, he decides to share his knowledge. Respect..

[TheUtube4ever]

awesome video. Keep bringing the videos! You have a great way of explaining concepts that on the surface seem difficult to understand. Subscribed!

thanks

[charles43110]

A lawyer would say this. It requires owners to HIRE them to both defend them & go to battle for them. In this expanation then LAWYERS are the rulers of earth. Bankers will argue a whole new universe of "givens" than these. Ubber rich property owners of mass pieces of land on which oil, gold, timber, crops etc are in enormous supply would argue a completely different set of "givens"

I an an economist. I say money is what the elite rulers of an empire declares it to be. Dont disobey THEM

[pcbuddha]

So what would a claim of rights be like if there are no government forces to stand behind them? How would we defend our rights to our claim then? Are we peeling onion skins here? This video should be taken at face value so let’s not read too much into this one aspect or concept of money and history.

[thinkfree41]

@TheRealElectroPig not really because businesses have to compete on price, so will cut into their profit margins if necessary in order to remain competitive.

[iprawiro]

hahahahahaaaaa ;_) stick with law and legislations. Leave money explaining to economists.

[macduggles]

On a deeper level of economic thought money can be thought of as a claim on labor.

[TheRealElectroPig]

@CosmicFork Funny thing, the minimum wage. People want to see it raised when they're subject to it, so they "can better afford things", and then, when all of the minimum wage EMPLOYERS have higher costs, all of the products avaiable for sale suddenly have higher prices. The new expenses have to be covered, you understand, so prices ratchet upwards to compensate for higher employer's costs, higher employer's CPP contributuions, etc.

Raising the minimum wage is counterintuitively bad economics.

[DayTradersWin]

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