Fantastic! Thank you for sharing! It is shocking to truly understand that the real loss of wealth is not taxes, it is not regulation, it is not fees. It is the structure of our currency in itself! Imagine the advancements of our civilisation as a whole with cheap energy. Imagine the growth of living standards across the globe. In 1000 years we will look back onto this period and think of it as dark ages.
excellent presentation and i love the reference to the collapse of Rome under Diocletian as it is so very relevant. Diocletian's price cap edict covered more than 2000 everyday items. Many people gave up their trades because they couldnt charge enough to cover their costs then Diocletian passed another law that every son should follow in the footsteps of his father i.e. continue his fathers trade, under penalty of death. The rest is history.
I was in grade 3 in Canada late 60s I never forget I put my hand up and asked the teacher when do we learn about money she told me we don’t teach that and the whole class laughed at me I understand it today it is a ponzu scheme prepare for the worse and hope for the best god bless this man
Great speech! It would be nice if Macleod could shed more light on how fiat currencies are used to consolidate and concentrate power among the few over the many, via debasement (wealth extraction). Who benefits the most, and why?
That si not very complicated - wage-earners have to keep on working harder and harder for ever-increasing cost of life, while asset holders watch their assets (such as stocks) increase in value. To someone wealthy, currency is little more than a hot potato used to go in and out of assets.
@18:38 i don’t understand the point Alastair is making we he said that Americans were recycling their petrodollars through South American country. Can someone explain this to me. Thanks
it’s not just banks: the majority of “current liabilities” are also double entries in bookkeeping, but created by companies. These are eg outstanding (not credited yet) invoices to customers. Because general payment conditions in industries allow for 3months, I think this is 1/4th of gdp.. a major thing when confidence in economy and currency drop, then these allowances quickly contract, and will contract the first. most companies (granted not the wef multinationals and their “captains of industey” dummies) most companies, you see, have SKIN in the game. a bank manager at the end of his career? not so much.
Understanding money people? When God puts holes in the Nation's pockets ? And why ? Because of the deeds of the wicked . Seek the Face of God ALMIGHTY and he will bless you above measure. 👍✝️✌️
@@jimmillward3505 yes, but there are now only two options. Increase interest rates or let inflation increase. Keeping on hiking interest rates until something breaks with the amount of debt in the system would be instantaneously catastrophic. We might never recover. Allowing prices to increase can be much more gradual and far less catastrophic.
I just watched it for the third time and definitely will watch it again. What an intellectual gem this gentleman is.
Huge respect for MacLeod who is the throwback to the integrity of earlier times.
I think I need to relisten to that message again and probably again. A masterclass in how things work. Thank you Alistdhair
Any video with Mr Mcleod in it is worth watching.
TRUTH! Could not make things any clearer! Bravo Mr Macleod!
His words are worth their weight in gold!
Dear Mr.MacCleod love this lecture in Oxford, so terrible interesting, thank you so much.
Fantastic! Thank you for sharing!
It is shocking to truly understand that the real loss of wealth is not taxes, it is not regulation, it is not fees. It is the structure of our currency in itself!
Imagine the advancements of our civilisation as a whole with cheap energy. Imagine the growth of living standards across the globe. In 1000 years we will look back onto this period and think of it as dark ages.
thank God we have Alistair Macleod, he explains how money works perfectly
A masterful disquisition of our present circumstances. Thank you, Alasdair, sir.
Alasdair Macleod, what a legend
A brilliant guest speaker, thanks so much for sharing. 👍
Thanks for sharing the excellent talk, appreciated it. Simple and plain on money.
thank you for this information Alasdair
Excellent as always 👍
As usual, a fantastic performance.
excellent presentation and i love the reference to the collapse of Rome under Diocletian as it is so very relevant. Diocletian's price cap edict covered more than 2000 everyday items. Many people gave up their trades because they couldnt charge enough to cover their costs then Diocletian passed another law that every son should follow in the footsteps of his father i.e. continue his fathers trade, under penalty of death. The rest is history.
Somewhat Soviet-like?
Wow! Amazing video! Thank you!
One of the best!
Great talk thanx
Right on.
I was in grade 3 in Canada late 60s I never forget I put my hand up and asked the teacher when do we learn about money she told me we don’t teach that and the whole class laughed at me I understand it today it is a ponzu scheme prepare for the worse and hope for the best god bless this man
Great speech! It would be nice if Macleod could shed more light on how fiat currencies are used to consolidate and concentrate power among the few over the many, via debasement (wealth extraction). Who benefits the most, and why?
That si not very complicated - wage-earners have to keep on working harder and harder for ever-increasing cost of life, while asset holders watch their assets (such as stocks) increase in value. To someone wealthy, currency is little more than a hot potato used to go in and out of assets.
A good proportion of the student audience had no idea of the history and significance of gold and silver, prior to the event.
Excellent talk Alasdair. I'm a bit late as I've only just listened to this one.
Is that a portrait of William Tyndale in the background?
The world needs to understand this reality....
Top man top talk ! We go in to this storm with are eyes wide shut !!! 👁
Definitely well worth watching 👍….🇦🇺
I am Alasdair McCleod of the clan McCleod, and I am an immortal
Well done Alasdair. Silver Squeeze January 6. Load up and break the CRIMEX and LBMA 🥈🥈🥈👍
@18:38 i don’t understand the point Alastair is making we he said that Americans were recycling their petrodollars through South American country.
Can someone explain this to me.
Thanks
@@david-fletcher thanks for the explanation
This is the talk I send to people who want to better understand $Bitcoin
Justinian Deception channel , very good info.
The people suffer through lack of knowledge!
cause of system that suck them up.
I reckon after listening to this 50 or 60 times I might begin understand what he is talking about.
it’s not just banks: the majority of “current liabilities” are also double entries in bookkeeping, but created by companies. These are eg outstanding (not credited yet) invoices to customers. Because general payment conditions in industries allow for 3months, I think this is 1/4th of gdp.. a major thing when confidence in economy and currency drop, then these allowances quickly contract, and will contract the first. most companies (granted not the wef multinationals and their “captains of industey” dummies) most companies, you see, have SKIN in the game. a bank manager at the end of his career? not so much.
Understanding money people? When God puts holes in the Nation's pockets ? And why ? Because of the deeds of the wicked . Seek the Face of God ALMIGHTY and he will bless you above measure. 👍✝️✌️
Outstanding brief Alasdar! Shame it was wasted at Oxford University 😂😂
Sorry Oxford University, I've just been berated by my wife! To reword my statement, " It could even moreso wasted at Cambridge University " 😂
Surely the best option is too let inflation run hot until the quantity of money equalises prices of goods.
I think that'll end in bloodshed. Think the French Revolution.
Trouble is that would be so instantaneously damaging to the economy revolution would be quick
so you want to lost all of you working years :)
@@jimmillward3505 yes, but there are now only two options. Increase interest rates or let inflation increase. Keeping on hiking interest rates until something breaks with the amount of debt in the system would be instantaneously catastrophic. We might never recover. Allowing prices to increase can be much more gradual and far less catastrophic.
recomand to see the historical chart on my channel at section live.
"Bank lending creates deposits." BoE, 2014