Thanks for publishing a less biased video with information about the pros and cons of both fiat currencies and assets backed monetary systems (and crypto too!). People seem to think that switching back to the gold standard is a silver bullet that will fix all of our woes, not understanding that it has drawbacks of it's own. I would love to see an objective video put out about "The Problem with Gold-backed Currencies." I remember my economics professor talking about a major economic depression before the 1920's in America, I believe in the ~1890s, that was caused basically because of America being on the gold standard. I would really like to know more about that and why it happened. Thanks, Alux!
It is still very biased pushing crypto by saying gold is too heavy to carry around.. neglecting the lightweight, stackable, foldable, gold backed currencies themselves. So let's look at crypto.. take bitcoin... there is only 2 million more that can possibly be mined. However 77% of all bitcoin addresses contain less than 1 bitcoin while 1% of addresses hold over 90% of all bitcoin. Some would call that an oligarchy.
>>*After a successful investment you have nothing to worry about, whether the rise and fall of economy or anything won't affect you, make your future brighter, by making good investment! Wondering if viewer's here are familiar with Julia's trading strategy?*
Expert Mrs Julia has an intellectual strategy that cuts down losses, I have the best investing with the aid of Julia, she is very friendly and so easy to get along with in terms of signal and investing tips
Really good researched video. Thank you for making this available to all of us. Can you / some one knowledgable also make a video about the actual hard reality now - total money in hard / digital format across all countries (covering as much as possible) - how much of it is in hands of governments, with people, with corporates, with regular banks, with investment banks. What is the actual amount (not theoretical estimates). And compare that value with the actual underlying assets they represent (be it gold, use etc). This sort of numbers are very necessary to know. Ideally this figure should not change much over next 10 years, except for the small reasonable appreciation (eg, when gold ores are found) and depreciation (lost ores, assets etc). At least we all have a strong reference point. Presently - this piece of data seems to be fake - because many source of data (like investment banks etc) don't give clear data.
learn how to read candlesticks and watch the charts that way you can figure out when to buy and when not to.. If you wanna make money on crypto... u wanna buy when it low.. so when peopinvestment (ROI) without any extra fees attached
I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly Returns
The only thing wrong with the statement “you wont carry a bag of gold to buy groceries because it’s heavy” is a incorrect statement. 1/10th of a gold ounce is worth $280 and it’s only the size of a dime. Two of those is more then enough to pay for groceries. A bag of gold is enough to buy an expensive car or house.
@@cantbuyrespect No because money is debt. Gold coins appeared 2000 years after debt-money appeared, to pay mercenaries from abroad with gold from looted temples
You know whats funny about the 100 trillion dollar note, it only worked for a couple of hours after it was released... it lost its entire value the very day it came out because people could not find change for it😂😂😂 i love my country!😂🤞🏼
@@tomk.8146 its a lot better now, then we had nothing is supermarkets there was no food even salt was not available but now you can buy whatever the inly problem we have is a lack of jobs
Crypto currencies is just another fiat currency in the next level. Iran and Venezuela pushes crypto to escape sanctions. El Salvador in the other hand, doesn't have any kind of their own currency and they just relied on the US dollar before bitcoin. Complex topic but great video..
FIAT is just a plain physical money. We buy and sell online now esp this pandemic period, so digital or cryto currencies are essential however, be mindful with hackers as these can evaporate completely if the security and safety protocols are not applied properly. I like cryptos due to its efficient process however cryptos are market linked too, so the values go up and down same as stocks, fiat currency etc. At the end of the day, if do it in strategic manner, I won't put all my portfolio in cryptos, I am a conservative risk investor, so let's say 5% to 10% of my investment Portfolio will go to Crypto Currencies.
The only problem with inflation is that the wages don't go up with the price of everything else. The law of supply and demand does not work for the price of labor the same way it does with everything else because most workers are not in a position to negotiate fair wages. Either have a minimum wage that is tied to inflation or create a massive labor movement so we can have strong unions. Do this and inflation will hardly matter.
Zimbabwe is a text book example of corruption and greed . Humble yourself if you are blessed to be born in a first world country with a stable economy. Poverty is painful. #Facts
True! And also what I’m about to say is true also, there also is profound poverty in the first world countries. Same poverty in Zimbabwe will also be present in the US. I always say this, the stronger the economy of a country doesn’t have anything to do with the welfare of the individuals. Same as the weaker economy of a country doesn’t have anything to do with the welfare of individuals. Not everyone in the US drives a fancy car, not everyone in Zimbabwe walks barefooted
6:17 Actually, it was the Peruvian inti which failed between 1985 and 1991. The sol replaced the inti and it is still used today. The exchange rate is less than 4 soles to 1 US dollar.
Nice video very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for.
Speaking of investment, I have been finding a tough time deciding between mutual funds, real estate, and crypto investment, anyone with ideas to help me with?
I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attache The professional is Keet Juliana
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses This just surprised me because I also invest with Mrs Keet Juliana
I've traded with a lot of individuals but I have never come across anyone as good as Mrs Keet Juliana, just by applying his new strategies I now trade independently. she's the best I'd advise any novice investing to trade go with
A fiat currency is a currency not backed up by gold or silver and whose value is based on the trust of the people. Fiat currency loses value over time because of overprinting. Fiat currency replaced gold because there is not enough gold in the world to cover the multi-billion dollars a day of international trade. Most fiat currencies are electronic because there are not enough trees in the world to print all the money in existence. In the same way, the electric car is not going to replace gas cars and will exist together with a gas car. The same way credit card didn't replace paper currency and exist together with it is the same way bitcoin is not going to replace fiat currency and will exist together with it. Only fiat currency offers the privacy and secrecy of transactions and storage. A worthless fiat currency will be replaced by a new one.
I think ripple xrp will cuz they partnered with the world economic forum. But they got in trouble with sec recently and you can’t find it on google that they partnered with them anymore.
Overspending by gov causes inflation, and we reasonably expert politicians to avoid over spending when possible.so all we can hope for is a way to limit by any means necessary their corruption and excess spending
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
All pro-crypto people: can you answer a question (really want to know what I am missing). How can crypto be forever no inflation? As I understand it miners get compensated for adding transactions to the blockchain with crypto. It would be normal to think eventually there will be no crypto to compensate miners once the 21 million limit is reached. That would mean 1. More crypto would-be created (inflation) or 2. transaction cost added to every transaction (asset inflation) or 3. no more entries to the blockchain meaning the end of crypto. What is the missing piece?
Dont confuse crypto with Bitcoin. Not all cryptocurrencies have a fixed supply like Bitcoin. Also to answer your question, Bitcoin goes through something called the halving every 4 years which makes it twice as hard to mine it. So it gets harder to mine it each halving. Also fees can be added to transactions to keep the network going.
Nobody’s worried about gold being too heavy to buy groceries. We’re talking about the size of a dime. What an inconvenience lol just put a chip in my hand
Hey YOU, incredible person reading this...The truth is you are confident and good enough already with who you are, where you are at and what you have right now to have the success you want in life. Don't let others define what “success” is for you. Get up, learn that skill and go after it! I believe in you so much! Have an awesome day! - Love, Nat ❤️
The goverment could just fully own some vital products/commodity everyone needs that can only be bought with their money to force it to have value. Like gas, fuel , Electricity or food
That would fail just like the gold system failed for the simple fact that the average person can not audit the system. Bitcoin is the only way. You can download a program and in 20 minutes audit the system yourself. You can see exactly how many coins are out there at anytime because Bitcoin is trustless. Why would you trust these 🤡s who print money when they tell you that they have the commodities “stored away” to back the currency?
This video is incredibly simplistic. It assumes there is a 'they' in government that are made up of a different group of people than the typical people of a society. This is largely incorrect as most people in government did not come from some kind of privileged environment, but rather are normal citizens who worked their way into their jobs in government and will eventually leave their jobs and become private citizens. There is no 'they' who rule over the world, other than in conspiracy theories
It dosen't matter who the goverment is, they are choosen by the "people" who are brainwashed by the elite owned media, who also spend billions on lobbying, there is also this little company called blackrock which literally owns all publicly traded companies and the owners of blackrock are unknown
Mrs Charlotte Junko Walsh is the key to my successful life and three of my friends also trades with her and earns $162,000 every month with her guidance.
after watching so many TH-cam tutorial videos about trading I was still making losses until Mrs Charlotte started managing my investments now I make $60,567 weekly. God bless Mrs Charlotte Junko Walsh , she's been a blessing to my family.
Amazing i also just started trading with Mrs Charlotte , With an initial investment of $1,400 i made up to $6,700 in just a week of trading with her, her strategies are mind blowing
I am from Charlotte, North-Carolina USA. I connected with her and she has helped me a lot,she makes so much profit for me she is a FINRA agent, the best I can invest with so far ever since I came across expert Mrs Charlotte Junko Walsh, my bad turned out being good and profitable. She’s made success earlier than we thought.
The relationship between individuals and fiat currency often resembles Stockholm syndrome, as people become attached to a system that holds them captive, despite its inherent flaws and manipulative nature.
Proof that once you go down the crypto rabbithole you'll never go back to the old ways. Since Alux did their course on cryptocurrencies and released their masterclass, they've always been pro-crypto; this video included
It sounds as crypto is fiat too but with nobody responsible. At least if a transaction goes wrong there is someone to talk too or blame. I am not connecting the dots why crypto fixes this as opposed to fixing one problem and creating two others. Money at it's most basic form should be easy for EVERYONE to understand regardless of language, technology or any other barrier (needs no explaining or excludes a segment of the population). Can someone fill in some of these blanks?
@@stevenporter863 Fiat currencies are controlled by a body, in this case central banks for the issuing countries while crypto(I'll use Bitcoin for this case) is decentralized. The problem with fiat is when there's inflation, banks just print more of it and that makes the currency to loose some of its value; with Bitcoin, there is a limited supply hence it can act as a better hedge against inflation and as a store of value. Think of it as digital gold
@@anthonyngugi6856 Thanks. I really don't know a lot about crypto. Can you explain the no inflation a bit more (really want to know what I am missing). As I understand it miners get compensated for adding transactions to the blockchain with new crypto into circulation. It would be reasonable to think eventually there will be no crypto left to compensate miners once the 21 million limit is reached. That would mean 1. More crypto would-be created (inflation) or 2. transaction cost added to every transaction (asset inflation) or 3. no more entries to the blockchain since miners not compensated, meaning the end of crypto. What is the missing piece?
Can someone still have a successful trading on crypto currency ?. Am a newbie in crypto investment, please can someone guide me through on how you made it.
Expert Mrs anna, has been managing my investment for 3years now and i have been making huge profits over the years. I can vouche for her because her strategies are top_notch.
7 Amazing i also just started trading with Mrs anna, With an initial investment of $1,400 i made up to $6,700 in just a week of trading with her, her strategies are mind blowing
Federal reserve is a private corporation, it issues debt notes at interest.....it's theirs .....not our governments....how stupid is that...we will pay u interest because we like debt....even tho we could do it ourselves....and not pay them( private corp ) interest....wich is never printed. Halleluyah in yahshua 🙌
The real secret is gold is fiat money too. The same agreements we have around dollar bills and records there of are the same as the agreements given to exchanging gold for goods and services.
Fiat doesn't have to disappear, a crypto-backed fiat currency will do just fine.. Governments stay flexible and in control but also its citizens will win as well. It's the greater good for all IMO
I totally agree with what you are saying....The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Raymond Tregre..
So long video short, paper money only holds value because the government says so. And because it makes transactions of goods and services easier and more efficient as opposed to using gold or silver in the past. But, such currencies only last as long as the ones governing said currencies make it. So, in other words, our paper money has always been at the mercy of the government. If one day they decide to make paper money obsolete, we'd have no choice but to dump all our cash into the trash.
I am a bit of skeptic, but know a lot of aspects about BTC. So, let's make few things straight - BTC is an investment asset - like gold, it's scarce, but it's easier to acquire it and big players like pay-pal and grayscale are holding it, same with a lot of banking institutions, hedge funds and masses of people,Self-host wallet btc owner whales have a hard time selling it without doing KYC and in some cases, this can wreck them financially. People lose access to their btc wallets which makes that btc frozen for all time. The Hype and FOMO is on the rise and most people only buy and holding with btc. I mean you have to understand that normal stock market fundamentals don't apply here. It's not a 2017 - 2018 scenario. The regulation added to BTC can actually even make it more desirable(although have a minus). Basically, anything that could stop the mooning of btc imo would be extreme regulation restrictions and also better investment opportunities discovered by btc owners.However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr. Aron Mason Craig daily signals and strategy, him guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with Aron Craig daily signals growing 1.5 BTC to 6.7 BTC. His daily signals are very accurate and yields a great positive return on investment and is available to give assistance to anyone who love crypto trading, you can contact him on Telegram @ Aroncraigsignal.* * for inquires and profitable trading systems...
Thats where I first heard the word/name Fiat as a foreign car in the 1970's. Then I started hearing *_conspiracy-realists_* saying it when I woke up from the Matrix in 2001.
EVERY 40 YRS A NEW PONZI..I MEAN CURRENCY IS MADE
"DIGITAL" COMES TO MIND ??? CONTROL !!!
You literally don't know what a ponzi scheme is lmfao.
Thanks for publishing a less biased video with information about the pros and cons of both fiat currencies and assets backed monetary systems (and crypto too!). People seem to think that switching back to the gold standard is a silver bullet that will fix all of our woes, not understanding that it has drawbacks of it's own. I would love to see an objective video put out about "The Problem with Gold-backed Currencies." I remember my economics professor talking about a major economic depression before the 1920's in America, I believe in the ~1890s, that was caused basically because of America being on the gold standard. I would really like to know more about that and why it happened. Thanks, Alux!
It is still very biased pushing crypto by saying gold is too heavy to carry around.. neglecting the lightweight, stackable, foldable, gold backed currencies themselves. So let's look at crypto.. take bitcoin... there is only 2 million more that can possibly be mined. However 77% of all bitcoin addresses contain less than 1 bitcoin while 1% of addresses hold over 90% of all bitcoin. Some would call that an oligarchy.
keep buying and investing in stocks or crypto,soon Bitcoin will hit $100,000
the importance of a professional mentorship of an expert should be the first step in trading
thanks for introducing me to Mrs Esther Loleh
@@isahjames5666 Mrs Esther Loleh is really good and everyone loves genuine services,he helped me recover all I lost trying to trade on my own
she's really amazing I still can't believe someone can be this exception when it comes to Bitcoin activities
@@ahmednjidda1728 no doubt Mrs Esther Loleh is very good, I invested $5000 and cashed out $28,800 after 7days, I still wonder how she get her analysis
A very fine presentation , although I disagree with about 20 % of it. It is helpful and useful. I will probably watch it again in its entirety.
@jonhappleseed8144 the idea that fiat currency is fake. It's very real, and actually has more backing than gold
>>*After a successful investment you have nothing to worry about, whether the rise and fall of economy or anything won't affect you, make your future brighter, by making good investment! Wondering if viewer's here are familiar with Julia's trading strategy?*
All good investors are conversant with expert Julia. She's in the field just got to keep her instructions and you excel
Expert Mrs Julia has an intellectual strategy that cuts down losses, I have the best investing with the aid of Julia, she is very friendly and so easy to get along with in terms of signal and investing tips
An extraordinary is the right word for expert Mrs Julia , she's very experiences as a trader and so unique
Expert Mrs Julia is the best. I've made a lot in forex trading through her helped.her success stories is written all over the globe🌏
I guess some of you saw her winning stripes last week it was really blast and mind blowing up success
Really good researched video. Thank you for making this available to all of us. Can you / some one knowledgable also make a video about the actual hard reality now - total money in hard / digital format across all countries (covering as much as possible) - how much of it is in hands of governments, with people, with corporates, with regular banks, with investment banks. What is the actual amount (not theoretical estimates). And compare that value with the actual underlying assets they represent (be it gold, use etc). This sort of numbers are very necessary to know. Ideally this figure should not change much over next 10 years, except for the small reasonable appreciation (eg, when gold ores are found) and depreciation (lost ores, assets etc). At least we all have a strong reference point. Presently - this piece of data seems to be fake - because many source of data (like investment banks etc) don't give clear data.
Sir what is the best way to make money from crypto trading/stock
learn how to read candlesticks and watch the charts that way you can figure out when to buy and when not to.. If you wanna make money on crypto... u wanna buy when it low.. so when peopinvestment (ROI) without any extra fees attached
I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly Returns
The professional is Mr Chris
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses
You've just made my day guys, I've lost so much trying to invest on my own
The only thing wrong with the statement “you wont carry a bag of gold to buy groceries because it’s heavy” is a incorrect statement. 1/10th of a gold ounce is worth $280 and it’s only the size of a dime. Two of those is more then enough to pay for groceries. A bag of gold is enough to buy an expensive car or house.
gold is bad as money
@@grimaffiliations3671 Gold is great as money, it is not so great as currency.
@@cantbuyrespect No because money is debt. Gold coins appeared 2000 years after debt-money appeared, to pay mercenaries from abroad with gold from looted temples
You know whats funny about the 100 trillion dollar note, it only worked for a couple of hours after it was released... it lost its entire value the very day it came out because people could not find change for it😂😂😂 i love my country!😂🤞🏼
Hahaha we experienced & survived the worst kind of depression the world over. I will never forget that time things were just wild.
THE VENUS PROJECT WOULD SOLVE AAAAALL OF THIS
@@foxbat473 We are experiencing and not surviving the worst world depression right now?!
@@tomk.8146 its a lot better now, then we had nothing is supermarkets there was no food even salt was not available but now you can buy whatever the inly problem we have is a lack of jobs
I'll take gold or silver any day for the long term win.
Crypto currencies is just another fiat currency in the next level. Iran and Venezuela pushes crypto to escape sanctions. El Salvador in the other hand, doesn't have any kind of their own currency and they just relied on the US dollar before bitcoin. Complex topic but great video..
Alux has invested in crypto but crypto is in a bearish market now.
FIAT is just a plain physical money. We buy and sell online now esp this pandemic period, so digital or cryto currencies are essential however, be mindful with hackers as these can evaporate completely if the security and safety protocols are not applied properly. I like cryptos due to its efficient process however cryptos are market linked too, so the values go up and down same as stocks, fiat currency etc.
At the end of the day, if do it in strategic manner, I won't put all my portfolio in cryptos, I am a conservative risk investor, so let's say 5% to 10% of my investment Portfolio will go to Crypto Currencies.
her availability is sure on
What's apk ⤵️⤵️⤵️
(✷‿✷)†𝟭𝟱𝟭𝟮𝟲𝟳𝟳𝟵𝟰𝟲𝟮(✷‿✷)
The only problem with inflation is that the wages don't go up with the price of everything else. The law of supply and demand does not work for the price of labor the same way it does with everything else because most workers are not in a position to negotiate fair wages. Either have a minimum wage that is tied to inflation or create a massive labor movement so we can have strong unions. Do this and inflation will hardly matter.
Zimbabwe is a text book example of corruption and greed . Humble yourself if you are blessed to be born in a first world country with a stable economy. Poverty is painful. #Facts
True! And also what I’m about to say is true also, there also is profound poverty in the first world countries. Same poverty in Zimbabwe will also be present in the US. I always say this, the stronger the economy of a country doesn’t have anything to do with the welfare of the individuals. Same as the weaker economy of a country doesn’t have anything to do with the welfare of individuals. Not everyone in the US drives a fancy car, not everyone in Zimbabwe walks barefooted
6:17 Actually, it was the Peruvian inti which failed between 1985 and 1991. The sol replaced the inti and it is still used today. The exchange rate is less than 4 soles to 1 US dollar.
Nice video very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for.
Yeah.
A great work demands a great sacrifice.
Nothing comes easy unless we work hard for it
Success usually comes to those who are busy looking for it.
Speaking of investment, I have been finding a tough time deciding between mutual funds, real estate, and crypto investment, anyone with ideas to help me with?
What’s the best way to make make money from crypto trading
I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attache The professional is Keet Juliana
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses This just surprised me because I also invest with Mrs Keet Juliana
You've just made my day guys,
I've lost so much trying to invest on my own
How do I reach her please?
I've traded with a lot of individuals but I have never come across anyone as good as Mrs Keet Juliana, just by applying his new strategies I now trade independently. she's the best I'd advise any novice investing to trade go with
"Maybe that is a question you should ask Chy-na." DJT
The Crypto currency idea aged well lmao
Great video Alux. Always informative
A fiat currency is a currency not backed up by gold or silver and whose value is based on the trust of the people. Fiat currency loses value over time because of overprinting. Fiat currency replaced gold because there is not enough gold in the world to cover the multi-billion dollars a day of international trade. Most fiat currencies are electronic because there are not enough trees in the world to print all the money in existence. In the same way, the electric car is not going to replace gas cars and will exist together with a gas car. The same way credit card didn't replace paper currency and exist together with it is the same way bitcoin is not going to replace fiat currency and will exist together with it.
Only fiat currency offers the privacy and secrecy of transactions and storage. A worthless fiat currency will be replaced by a new one.
Privacy. Non-kyc
Decades from now when Bitcoin becomes the monetary standard - future generations will wonder how an entire population could be suckered into fiat.
I think ripple xrp will cuz they partnered with the world economic forum. But they got in trouble with sec recently and you can’t find it on google that they partnered with them anymore.
crypto is an asset, it can never be a currency because currencies are made by taxes. And it has all the same drawbacks as gold when used as money
Overspending by gov causes inflation, and we reasonably expert politicians to avoid over spending when possible.so all we can hope for is a way to limit by any means necessary their corruption and excess spending
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
It first started in 1913 the year before America got rich selling weapons to the Fed's former host country, Great Britain.
Crypto currencies have the same asset than the fiats: the trust of the people.
That aerial shot of a city didn’t look anything like Zimbabwe 🤔
All pro-crypto people: can you answer a question (really want to know what I am missing). How can crypto be forever no inflation? As I understand it miners get compensated for adding transactions to the blockchain with crypto. It would be normal to think eventually there will be no crypto to compensate miners once the 21 million limit is reached. That would mean 1. More crypto would-be created (inflation) or 2. transaction cost added to every transaction (asset inflation) or 3. no more entries to the blockchain meaning the end of crypto. What is the missing piece?
Dont confuse crypto with Bitcoin. Not all cryptocurrencies have a fixed supply like Bitcoin.
Also to answer your question, Bitcoin goes through something called the halving every 4 years which makes it twice as hard to mine it. So it gets harder to mine it each halving. Also fees can be added to transactions to keep the network going.
@@hypnoticlizard9693 Thanks for explaining that not all crypto is limited like Bitcoin. That makes a bit more sense now.
XRP is the problem solver
@@dpMosaic her availability is sure on
What's apk ⤵️⤵️⤵️
👆👆✅💯💌👈
That's why I only have 10% money in my life.. 😂 50% btc hahaha
Pengő in Hungary .. and Hungarian Forint (HUF) will be the next soon 😪
Nobody’s worried about gold being too heavy to buy groceries. We’re talking about the size of a dime. What an inconvenience lol just put a chip in my hand
“U wouldnt carry a bag of gold to go buy groceries” ya becuz u need a whole bag of it to buy some food🤦🏼♂️
Wow. Here under the 10 minutes mark and less than 1000 views. That has to be a record.
Problem is it loses value
the dollar isn't money, it is a fiat paper currency
Hey YOU, incredible person reading this...The truth is you are confident and good enough already with who you are, where you are at and what you have right now to have the success you want in life. Don't let others define what “success” is for you. Get up, learn that skill and go after it! I believe in you so much! Have an awesome day! - Love, Nat ❤️
I hope you have an incredible weekend :)
The love you give is the love you'll receive.
The goverment could just fully own some vital products/commodity everyone needs that can only be bought with their money to force it to have value. Like gas, fuel , Electricity or food
That would fail just like the gold system failed for the simple fact that the average person can not audit the system. Bitcoin is the only way. You can download a program and in 20 minutes audit the system yourself. You can see exactly how many coins are out there at anytime because Bitcoin is trustless. Why would you trust these 🤡s who print money when they tell you that they have the commodities “stored away” to back the currency?
This video is incredibly simplistic. It assumes there is a 'they' in government that are made up of a different group of people than the typical people of a society. This is largely incorrect as most people in government did not come from some kind of privileged environment, but rather are normal citizens who worked their way into their jobs in government and will eventually leave their jobs and become private citizens. There is no 'they' who rule over the world, other than in conspiracy theories
It dosen't matter who the goverment is, they are choosen by the "people" who are brainwashed by the elite owned media, who also spend billions on lobbying, there is also this little company called blackrock which literally owns all publicly traded companies and the owners of blackrock are unknown
Morning routine. Shower, coffee. ALUX.
Some neutral objective information, good
$32,000 returns in just 16days, my financial life is totally changed
Mrs Charlotte Junko Walsh is the key to my successful life and three of my friends also trades with her and earns $162,000 every month with her guidance.
Lol .... cap
after watching so many TH-cam tutorial videos about trading I was still making losses until Mrs Charlotte started managing my investments now I make $60,567 weekly. God bless Mrs Charlotte Junko Walsh , she's been a blessing to my family.
Amazing i also just started trading with Mrs Charlotte , With an initial investment of $1,400 i made up to $6,700 in just a week of trading with her, her strategies are mind blowing
I am from Charlotte, North-Carolina USA. I connected with her and she has helped me a lot,she makes so much profit for me she is a FINRA agent, the best I can invest with so far ever since I came across expert Mrs Charlotte Junko Walsh, my bad turned out being good and profitable. She’s made success earlier than we thought.
Carrying a bag of gold to buy groceries? LOL nah you would be carrying a bag of gold to buy a house or car.
11:18 that's Guatemala, but ok.
The relationship between individuals and fiat currency often resembles Stockholm syndrome, as people become attached to a system that holds them captive, despite its inherent flaws and manipulative nature.
Proof that once you go down the crypto rabbithole you'll never go back to the old ways. Since Alux did their course on cryptocurrencies and released their masterclass, they've always been pro-crypto; this video included
It sounds as crypto is fiat too but with nobody responsible. At least if a transaction goes wrong there is someone to talk too or blame. I am not connecting the dots why crypto fixes this as opposed to fixing one problem and creating two others. Money at it's most basic form should be easy for EVERYONE to understand regardless of language, technology or any other barrier (needs no explaining or excludes a segment of the population). Can someone fill in some of these blanks?
@@stevenporter863 Fiat currencies are controlled by a body, in this case central banks for the issuing countries while crypto(I'll use Bitcoin for this case) is decentralized. The problem with fiat is when there's inflation, banks just print more of it and that makes the currency to loose some of its value; with Bitcoin, there is a limited supply hence it can act as a better hedge against inflation and as a store of value. Think of it as digital gold
@@anthonyngugi6856 Thanks. I really don't know a lot about crypto. Can you explain the no inflation a bit more (really want to know what I am missing). As I understand it miners get compensated for adding transactions to the blockchain with new crypto into circulation. It would be reasonable to think eventually there will be no crypto left to compensate miners once the 21 million limit is reached. That would mean 1. More crypto would-be created (inflation) or 2. transaction cost added to every transaction (asset inflation) or 3. no more entries to the blockchain since miners not compensated, meaning the end of crypto. What is the missing piece?
The first time you USABLE
Regarding disadvantages about gold standard it is in general false. Overall nice video.
alux does not like to run away with your money in a fiat
Gold would end all wars, because it limits governments. Its also better for the planet. No armies no pollution.
Didn't work out for gaddafi tho 🥲
@@sudo3870 raise the price and it will work
@@sudo3870 funny you don't even know where gold is priced and by who. You so ignorant.
@@sudo3870 the comex exchange. Paper contracts representing imaginary metal. Price suppression at its finest.
@@sudo3870 look up " hidden secrets of money " by Mike Maloney on you tube.
Switching over to digital currency
FIAT
With the current economic downturn, I'm so happy. I have been earning $ 60,000 returns from my $ 7,000 investment every 14days.
Can someone still have a successful trading on crypto currency ?. Am a newbie in crypto investment, please can someone guide me through on how you made it.
I have been hearing about Mrs anna and her genius mind in the crypto market also how good is she ??
I also trade with her, and earn $ 2,550 every week. All my family have been trading with her and making profits.
Expert Mrs anna, has been managing my investment for 3years now and i have been making huge profits over the years. I can vouche for her because her strategies are top_notch.
7
Amazing i also just started trading with Mrs anna, With an initial investment of $1,400 i made up to $6,700 in just a week of trading with her, her strategies are mind blowing
you video have also change my mindset
Federal reserve is a private corporation, it issues debt notes at interest.....it's theirs .....not our governments....how stupid is that...we will pay u interest because we like debt....even tho we could do it ourselves....and not pay them( private corp ) interest....wich is never printed. Halleluyah in yahshua 🙌
The most heinous scam ever conducted on mankind, and 99% of the public is clueless about it.
Thought you were racking abouttbe car
Do yourself a favour and also watch Mike Maloneys secrets of money
Best wishes
The best solution to this problem is a gold backed/asset crypto currency…
Fiat currencies are offline form of cryptos.
Bitcoin a legal tender
Uhmm
I swear you are so intelligent
Correct
LOL Why this now? Something up with fiat?
Look to the Rainbow.
Any currency subject to interest payments ultimately destroys itself due to insoluble debts. The narrator ought to learn basic math LOL!!
interest payments are optional, just ask japan
🤔👌👌
The real secret is gold is fiat money too. The same agreements we have around dollar bills and records there of are the same as the agreements given to exchanging gold for goods and services.
Fiat
Very nice info !
First to alux
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Nice video
😎
😉😉😉
first
Fiat doesn't have to disappear, a crypto-backed fiat currency will do just fine.. Governments stay flexible and in control but also its citizens will win as well. It's the greater good for all IMO
FIAT FAKE MONEY
Second
Nothing NEW
Why is it that none of these videos simply say that Fiat is the paper money that we use everyday? 🤷♀️
I totally agree with what you are saying....The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Raymond Tregre..
So long video short, paper money only holds value because the government says so. And because it makes transactions of goods and services easier and more efficient as opposed to using gold or silver in the past. But, such currencies only last as long as the ones governing said currencies make it. So, in other words, our paper money has always been at the mercy of the government. If one day they decide to make paper money obsolete, we'd have no choice but to dump all our cash into the trash.
yes, fiat is backed by the government, which is why it has more backing than gold
I am a bit of skeptic, but know a lot of aspects about BTC. So, let's make few things straight - BTC is an investment asset - like gold, it's scarce, but it's easier to acquire it and big players like pay-pal and grayscale are holding it, same with a lot of banking institutions, hedge funds and masses of people,Self-host wallet btc owner whales have a hard time selling it without doing KYC and in some cases, this can wreck them financially. People lose access to their btc wallets which makes that btc frozen for all time. The Hype and FOMO is on the rise and most people only buy and holding with btc. I mean you have to understand that normal stock market fundamentals don't apply here. It's not a 2017 - 2018 scenario. The regulation added to BTC can actually even make it more desirable(although have a minus). Basically, anything that could stop the mooning of btc imo would be extreme regulation restrictions and also better investment opportunities discovered by btc owners.However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr. Aron Mason Craig daily signals and strategy, him guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with Aron Craig daily signals growing 1.5 BTC to 6.7 BTC. His daily signals are very accurate and yields a great positive return on investment and is available to give assistance to anyone who love crypto trading, you can contact him on Telegram @ Aroncraigsignal.* * for inquires and profitable trading systems...
🎠👀👍 highhocreations shop redbubble very nice enjoyed the information
With the current economic downturn, I'm so happy. I have been earning $ 60,000 returns
from mv S 7000 investment everv 14davs.
her availability is sure on
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Nice vid but please change this annoying robotic voice 😂 it's horrible
Liked the clip. Now you know just why some folks wear bling.
It’s backed by blood.
I thoughts it's a car company
FIX IT AGAIN TONY !
The word Fiat had me hooked … irrelvant but my first car was a fiat .. but this video was informative enough to stick around 💯🔥 Thanks Alux
FIX IT AGAIN TONY
Thats where I first heard the word/name Fiat as a foreign car in the 1970's.
Then I started hearing *_conspiracy-realists_* saying it when I woke up from the Matrix in 2001.
her availability is sure on
What's apk ⤵️⤵️⤵️
(✷‿✷)†𝟭𝟱𝟭𝟮𝟲𝟳𝟳𝟵𝟰𝟲𝟮(✷‿✷)
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