1971 - we came off the gold standard, but immediately went on the oil standard. 1971 isn't the issue, the issue is that in 2024, we're coming off the oil standard and aren't pegging our currency to anything else to replace it!
I can't fold and watch people around me suffer; in these uncertain economic times, it's crucial to understand the root causes and seek solutions to save our families and friends from financial slavery.
And withdraw our military bases around the world. God knows we spend a trillion dollars a year on defenae. It's time we stop policing the world, and allow other countries to have their own sovereignty
@@Moconomy When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
Regarding 11:22, for clarification the Federal Reserve does not print currency. Instead it is the United States Treasury department of Bureau of Engraving and Printing that prints currency known as Federal Reserve Notes. It costs only 8.6 cents to print a $100 bill and the profit made is known as "Seigniorage". The profit made is $99.91 for every $100 bill that is printed. This is because $100 (face value) - $0.086 (cost) = $99.91 (profit). Federal Reserve Notes are monetized debt.
When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
It’s much simpler than the video presentation. Supply and demand. If something is unique, its value is greater. Flood the market with any product the value is lower. Government printing/spending trillions of dollars reduces the value of the dollar and leads to inflation. The US Federal Government is to blame for inflation. It’s a hidden tax.
I'm thinking that, high end assets being untransferable, should become tax wright offs, and the government should loose its assets for private equity. Bonds should be able, not only be used for investment, but acquisition as well.
Historically people experienced mass poverty & starvation back when they used gold & silver for money. I don't think that was some mysterious coincidence.
That;s because now, everything is based on debt. Because of the fractional reserve banking, most people think they have "money" but basically everyone is paid on debt owed to someone else. The money in your account is lent 10 times out to other people and businesses. It's the greatest debt bubble in history. When banks or governments start defaulting, nobody gets paid because the money owed to you, was also owed to 10 other people. That's why governments have no choice but to keep borrowing, thereby creating inflation and debasing the currency.
Fantastic. Only Richard Werner has much more to say on this topic. Watch the documentary "Princes of the Yen" pay close attention. BOJ has this manuever perfected.
So, what does the average person do? They never said. Do we take the small amount of money we have, and buy gold? Then; if we can't trust banks; where do we keep the gold? How do we exchange gold for food? medication?
Buy precious metals, crypto, and real estate (if possible). If you’re really on a tight budget I would start with silver and work your way up to gold. I buy 1/4 oz gold coins that range from $500-600. It’s not cheap. Start buying Bitcoin, even if it’s only $100/month. I have automatic purchases setup on a weekly basis. Set and forget unless there is a major dip, then buy more. Keep the gold in a safe and don’t tell anyone about it.
@@lynb1022 You’re a fool to think I don’t have a 1+ years worth of emergency food supply, water storage, backup generators, and solar panels with an Arsenal to protect it. Gold has been the best storage of wealth since the dawn of time. When Venezuela’s economy collapsed they were breaking off gold links from jewelry to pay for food and basic necessities. When Ukraine was under attack and everything was shutdown, there were foreign reporters who bought supplies (even a car in one instance) with Bitcoin.
@@ImNoOne22 Gosh, a whole year?! Good luck mining your bitcoin off of generators & solar panels. Good luck finding people who want gold when they need vegetables. People can't be this stupid. Hoarding perceived "assets" is what got us into this mess.
@@ImNoOne22Why couldn’t your generation just build actual community instead of hoarding like packrats? Just had to break humanity and return to basic animal brains. This is the bad place
This is a real economic bubble in the rise imo…. Fueled by grifting investors and less moral entrepreneurs saying “don’t hate the player, hate the game” making it short term very good for them but what’s good for a few is not good for many. Long term this will cause a situation it tension. The us national debt is out of proportion compared to many eu countries…..it gives an idea of the scale of this possible bubble
Documentary is very well made and informative, shame it didn't mention Bitcoin though. Gold is important no doubt, but if we're discussing sound monies, Bitcoin absolutely has to be in the conversation
Yeah but if a major war broke to where miners are shut down people in panic lose their password what devices would you use to pay each other with pen and paper ? Bitcoin relies on communication to a block chain if that communication is broke how do we even spend it, who would honor bitcoin for food , shelter ect. If everything transfered to bitcoin our deficit would also.just mean we are taxed even heavier . If war broke out the way to panic the people would be attack mining facilities.
gold will creash along with the fiat money, they fuckedd it all up.. gold follows the dollar to much, its also runned by a cartel that have closed their shops in the weekends
@@MrArron1357 a major war, do you really think the whole world will fight eachother....(the banks shut down everyday, and have problems every week so people cant use them online) if a war came where everyone was at war, you would need to kill for any values no matter what they are called you would probetly loose everything in your bank and so on but i doubt even in a case of war anyone would grab my solar panel runned miners (or shut down elon musk´s starlink) decides it will start up again, its not a mess like the banks.. that need months to answer when the police solves crimes, and that the police needs special people to read and understand lets see the banks staart all over, lmao.. that would be nioce for them, they could change the numbers so people owe them 10 time more then they did (insted of 3.5 times as they have done now)
12 years old doc and the economy only got worse every year since. Expropriation of banks and the filthy rich (who has been robbing everyone for 4 decades) and redestribution of the wealth is long overdue. A wealth cap, taxation of assets and a ressource based economy for sustainability is the only way forward. ~ Suggested by Jacque Fresco 50+ years ago and widely ignored.
Agar tumlogo ko lagta hain ki iss project me tum logo ne kaam diya hain to hum project se nikalne ka kosis karenge. Agale project ke liye please help maat karna ,i will try with my self. Iss duniya me bhagwan saab ko akele bhejate hain aur usake khane pine ki vaivastha wahi karte hain.humlog to bass kathputli hain bhagwan ke🙏🙏🙏🙏
A building that's is decaying and very costly to renovated will be evacuated and demolished orderly to avoid unnecessary losses and a new building put in it's place. Shouldn't we do the same thing to the global reserve currency that has lost almost all it's value. The situation now is not the same as the past financial melt down when there were no alternatives to transit to. Today there is a very strong contender Cryptocurrency to replace the collapsing Fiat system.
@roro4787Like saying don't need all the advancement in technology for better living, still want to ride the horse cart around. Gold was used as store of value and money for Thousands of years became there was nothing better up until Bitcoin came around.
Gold is a commodity and it's a natural resource that's and undetermined amount because there's lots yet to be unearthed. That's why the gold standard is no longer in use imo
The US lost its superpower status in 1971 when President Nixon suspended the convertibility of the U.S. dollar to gold, effectively ending the Bretton Woods system. The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975. The U.S. is the world's largest debtor, with a NIIP (Net International Investment Position) of -$16 trillion. China (including Hong Kong) is the largest creditor, with a NIIP of $4.3 trillion, followed by Japan, Germany, and Taiwan. The U.S. last had a positive NIIP in 1988 and a trade surplus in 1975. The U.S. debt grows by about $5-7 billion daily, and the trade deficit averages $2-3 billion per day. The US national debt is more than $35 trillion, with 22% of it held by foreign entities. The US also has $40 trillion in unfunded Medicare liabilities and $26 trillion in unfunded Social Security liabilities. The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risks damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds and finding ways to reduce their use of the US dollar. A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The US's one trillion dollar trade deficit is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are expending resources and labor making goods and shipping them to the US in exchange for green pieces of paper. The US is sending back mostly empty containers. The US budget deficit is $1.7 trillion in 2023 which must be paid for by selling more Treasury bonds. The interest on this debt is twice our military budget. The government sells more Treasury bonds to pay the interest on its debt, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and increases interest payments on government debt. Other countries will respond to the US's rising interest rate by raising their interest rate, risking a global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now. A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $35 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays them interest. The top 10% of earners (36%) and corporations (9%) together contribute 45% of total federal revenue. Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in existing bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on US banks' financial assets is $1.94 trillion, while the total size of their equity is $2.1 trillion. SVB had a $15 billion loss, while their capital is $16 billion. Around 2,315 of the 4,800 banks are currently on assets worth less than their liabilities. It's a systemic issue. A similar issue is being played out with risker Mortgage-Backed Securities (MBS) valued at $12 trillion. The new Bank Term Funding Program (BTFP) helps prevent discounted bondholders from taking losses when they must urgently sell them. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. Risking more inflation. It's a Ponzi scheme. Ponzi scheme cannot taper. We reached the can and there is no more road.
Well the doco was released in 2012 so it's not recent, that's why digital currency wasn't discussed. It's a magazine for gold isn't it.... Bitcoin is the answer now in 2024 but I also think we need tangible assets like food and real estate etc.
Also, in an event of a catastrophe, somebody already said it, neither gold, not paper money would be of any value, as the most valuable currency is going to be everything that can produce food, as we would be back to the middle age, were agriculture, hunting and fishing were the main means of survival. That would really be the end of capitalism, or even society as we know it.
This is an older documentary, 2012. Now we have bitcoin. I'd say this is spot on with everything said, if you just replace the words "gold" with "bitcoin"
Until we all realize money is totally useless, and we just need to have more community and empathy for others and be more like Star Trek. We'll never survive as long as money fiat and so on continue to be forced into existence and fed BS about how it's needed. People volunteer for crying out loud even in a money-based society.
Nobody mentions bitcoin, the perfect money. Still in its infancy at the moment. But once the mass understands its value, fiat currencies will be replaced. (Gold is good, but it's far inferior than bitcoin in so many respects, that it can be manipulated, difficult to transact, you need tools to know if its 24k or fake gold, etc)
So your telling me the largest terrorist organization ever created has also created the largest Ponzi scheme ever. No no they only have the interests of the people at heart 😂😂😂
Y is the electric companies increasing their price? The gas prices not stable When these big companies are behaving so greedy towards consumers and know we have no other choices, we ain't going nowhere, everybody needs electricity all the time. What's the big deal why can't the rate remain stable for at least 20 yrs.
Money's become Worthless? Tell you what: If money's so worthless, go into a supermarket, pick up what you need, and try to leave without paying for it. Seems to me they want your "Worthless" money, don't they.
Absolutely they want the worthless money because they can use the worthless money to buy stuff because then it would be forced labor so worthless money bandaid your decision
Well I’m working on the atom formers and letting anyone join in to have it invented and soon after invented will allow us to be fully independent from currency forever,like imagine being able to 3d fabricate all your food,clothes,gadgets,energy by yourself and free form reliance itself and the freedom from spending via the end of dependence itself
btw its also like society in star trek, even thanks to their alien alliances and replicators, and posiabilty to amke atoms akak precursor to replicator etch
it a polymer and only start wth the particle emitter tech" which exist currently and just some engineering altering to configure, and the rare earth materials ill apply in next models & maybe hadron collider resdue ill get much sample of elements 113-124 & once Af made ill use the AF to unlimited amounts of ti form here on end@@lynb1022
no. fiat money will always become worthless when you have consecutives irresponsible govts. look at argentina/brazil keep changing fiat money, economy still gg. people will know how to avoid using and keep the issued wortlesd money. the world will only ditch money when humans r free of production ie. moving to credit system.
Sheesh you’re clearly brainwashed. It’s just an asset that exists that removes banks from the equation. To create a trustable peer-to-peer system to pay each other digitally without middlemen. Even if the asset is questionable, why would you hate something that fights for the right to pay each other digitally without third parties? Particularly, the third parties that were the catalyst to the 2008 crash (a driving factor as to why BTC was created). Just strange.
@@bootysnatcher8069 "A trustable peer-to-peer system to pay each other"? Like money launderers, drug smugglers, human traffickers, and arms dealers? No thanks. Good luck locking yourself into your vault.
Power & wealth isn’t permanent, India & China once wealthy & powerful decimated but especially China got superpower status conversely USA & Europe ( especially colonial thugs ) has begun to crumble 😮😮😮
Stay calm! We're 12 years after those dark predictions! The guy who predicted a global disaster "this decade" (2011-2020) was totally wrong despite the relevance of his analysis. It's a matter of time I presume yet.
And the best is when I hear the American economy is doing well and the inflation is much lower than in Europe… yes because USA is basically running the printing machines non stop, that’s your recipe for success, while the rest of the world is being robbed of their currency’s value as it is linked to dollar. In simple terms, USA having the global currency-dollar and printing it in mass is actually stealing the value and products/ assets/ commodities from the rest of the world that uses that dollar. It’s as simple as it can be, but it will not last forever. Just like French back in the day when they send their ships to New York for their gold ( just before Nixon basically said fuck off to the world in 1971), the world will say fuck off to the dollar, btc would be a great alternative but average Joe is to stupid to understand its value and central banks and governments are doing everything to destroy the only true money of the 21st century, maybe not, we will see
They call it a ponzi scheme the US government calls it a trade deficit
It is no wonder that governments always want to control ownership of precious metals.
This is a very good, informative, educative, and helpful doc.
In a major worldwide catastrophy, even gold is worthless. Grains will then be the ultimate money.
Indeed
You're 1000% correct. Basically anything that is real that you can hold will be a million times more valuable than any type paper money
And salt
lol… if dat the case, grains/money r u last concerns
Also, the ones have the accesses to transport them.
1971 - we came off the gold standard, but immediately went on the oil standard. 1971 isn't the issue, the issue is that in 2024, we're coming off the oil standard and aren't pegging our currency to anything else to replace it!
First 5 seconds Nixon says : its pegged to the strength of the nation's economy. It's basically food stamps :
Food is worth more than cash, I used EBT to pay rent during COVID and I stayed there for 2 years. I also do hone repairs @@Verifyourage
There has always been criminals, there are just alot more criminals than ever. They put theirselves in charge, see what happens 😢
they steal from themselves, while the whole country ceases to function.
yup, the worst of society is in charge.
I can't fold and watch people around me suffer; in these uncertain economic times, it's crucial to understand the root causes and seek solutions to save our families and friends from financial slavery.
If money is worthless I'll take any you have off your hands.
it is worth less than it used to be
We've got to stop sending money to other countries. We don't have it.
only other time i know this happened when Atilla was getting tons of gold from the byzantine empire
And withdraw our military bases around the world. God knows we spend a trillion dollars a year on defenae. It's time we stop policing the world, and allow other countries to have their own sovereignty
Great documentary!
This is a doc on our channel about another way of thinking about money: th-cam.com/video/3rvI25bd7s0/w-d-xo.html
@@Moconomy When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
Regarding 11:22, for clarification the Federal Reserve does not print currency. Instead it is the United States Treasury department of Bureau of Engraving and Printing that prints currency known as Federal Reserve Notes. It costs only 8.6 cents to print a $100 bill and the profit made is known as "Seigniorage". The profit made is $99.91 for every $100 bill that is printed. This is because $100 (face value) - $0.086 (cost) = $99.91 (profit). Federal Reserve Notes are monetized debt.
When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.
Most of the money supply is not represented by physical notes and is instead just a record in a digital account
It’s much simpler than the video presentation.
Supply and demand. If something is unique, its value is greater. Flood the market with any product the value is lower.
Government printing/spending trillions of dollars reduces the value of the dollar and leads to inflation.
The US Federal Government is to blame for inflation. It’s a hidden tax.
So what can we do? I knew this for 20 years. Awesome
I'm thinking that, high end assets being untransferable, should become tax wright offs, and the government should loose its assets for private equity. Bonds should be able, not only be used for investment, but acquisition as well.
One word "Bitcoin"
Bye gold
Buy SHIB 😂
So far it seems like an endless projection of loud budgeting.@@pauloherrera1298
There was obviously not much thought put into these questions.. but hussleman kept it 💯 as always..
Rest up bro!
Historically people experienced mass poverty & starvation back when they used gold & silver for money. I don't think that was some mysterious coincidence.
That;s because now, everything is based on debt. Because of the fractional reserve banking, most people think they have "money" but basically everyone is paid on debt owed to someone else. The money in your account is lent 10 times out to other people and businesses. It's the greatest debt bubble in history. When banks or governments start defaulting, nobody gets paid because the money owed to you, was also owed to 10 other people. That's why governments have no choice but to keep borrowing, thereby creating inflation and debasing the currency.
True!
Fantastic. Only Richard Werner has much more to say on this topic. Watch the documentary "Princes of the Yen" pay close attention. BOJ has this manuever perfected.
This video is sponsored by Gold.
Bitcoin too
@@Tkcrypto1 I don’t know if you caught my point, but all money Gold, BTC, Real Estate is all an illusion of value.
True.
Before I watch this someone confirm that this isn’t an old video uploaded again.
Old video that keeps getting re-uploaded
I’m seriously considering coming out of retirement and restarting my farm.
Good idea
So, what does the average person do? They never said. Do we take the small amount of money we have, and buy gold? Then; if we can't trust banks; where do we keep the gold? How do we exchange gold for food? medication?
Buy precious metals, crypto, and real estate (if possible). If you’re really on a tight budget I would start with silver and work your way up to gold. I buy 1/4 oz gold coins that range from $500-600. It’s not cheap. Start buying Bitcoin, even if it’s only $100/month. I have automatic purchases setup on a weekly basis. Set and forget unless there is a major dip, then buy more. Keep the gold in a safe and don’t tell anyone about it.
@@ImNoOne22 Stop this nonsense. You can't eat gold or bitcoin. What are you going to do when the power goes out? OOPS.
@@lynb1022 You’re a fool to think I don’t have a 1+ years worth of emergency food supply, water storage, backup generators, and solar panels with an Arsenal to protect it. Gold has been the best storage of wealth since the dawn of time. When Venezuela’s economy collapsed they were breaking off gold links from jewelry to pay for food and basic necessities. When Ukraine was under attack and everything was shutdown, there were foreign reporters who bought supplies (even a car in one instance) with Bitcoin.
@@ImNoOne22 Gosh, a whole year?! Good luck mining your bitcoin off of generators & solar panels. Good luck finding people who want gold when they need vegetables. People can't be this stupid. Hoarding perceived "assets" is what got us into this mess.
@@ImNoOne22Why couldn’t your generation just build actual community instead of hoarding like packrats? Just had to break humanity and return to basic animal brains. This is the bad place
This is a real economic bubble in the rise imo…. Fueled by grifting investors and less moral entrepreneurs saying “don’t hate the player, hate the game” making it short term very good for them but what’s good for a few is not good for many. Long term this will cause a situation it tension. The us national debt is out of proportion compared to many eu countries…..it gives an idea of the scale of this possible bubble
And they wonder why there is so much theft🤬 the 1% should suck on the losses!
Thanks for sharing
Thanks for watching!
The title of this DW is astonishing: we haven't lost hope
Excellent !!!
😢and a deposition at the bottom of my heart my mother in Cuba without a home there is no roof shame God God me sport 😢😢
Skills, knowledge, or ability may be the new trade or exchange of money without coin being a commodity
Cutrency are worthless. money always has value. Distinction between money and currency is to be understood
Documentary is very well made and informative, shame it didn't mention Bitcoin though. Gold is important no doubt, but if we're discussing sound monies, Bitcoin absolutely has to be in the conversation
Yeah but if a major war broke to where miners are shut down people in panic lose their password what devices would you use to pay each other with pen and paper ? Bitcoin relies on communication to a block chain if that communication is broke how do we even spend it, who would honor bitcoin for food , shelter ect. If everything transfered to bitcoin our deficit would also.just mean we are taxed even heavier . If war broke out the way to panic the people would be attack mining facilities.
gold will creash along with the fiat money, they fuckedd it all up.. gold follows the dollar to much, its also runned by a cartel that have closed their shops in the weekends
@@MrArron1357 a major war, do you really think the whole world will fight eachother....(the banks shut down everyday, and have problems every week so people cant use them online)
if a war came where everyone was at war, you would need to kill for any values no matter what they are called
you would probetly loose everything in your bank and so on
but i doubt even in a case of war anyone would grab my solar panel runned miners (or shut down elon musk´s starlink)
decides it will start up again, its not a mess like the banks..
that need months to answer when the police solves crimes, and that the police needs special people to read and understand
lets see the banks staart all over, lmao..
that would be nioce for them, they could change the numbers so people owe them 10 time more then they did (insted of 3.5 times as they have done now)
Bitcoin is scam because government will never want parallel economy which it can not control. So Bitcoin will exist until Government do not ban it.
@@MrArron1357 Bitcoin is just another Ponzi scheme. You don't even have to "attack mining facilities". No power, no bitcoin.
Peter Schiff was right back then and he right now. He says more we prevent Dollar Fiat disaster and as time passes, more worse it will be.
12 years old doc and the economy only got worse every year since. Expropriation of banks and the filthy rich (who has been robbing everyone for 4 decades) and redestribution of the wealth is long overdue. A wealth cap, taxation of assets and a ressource based economy for sustainability is the only way forward.
~ Suggested by Jacque Fresco 50+ years ago and widely ignored.
US/UK will insist on continuation of the current system until the unavoidable collapse...
I was thinking this video is older than 2 months. These guys, if you see them today 2024, they are much older!
Agar tumlogo ko lagta hain ki iss project me tum logo ne kaam diya hain to hum project se nikalne ka kosis karenge. Agale project ke liye please help maat karna ,i will try with my self. Iss duniya me bhagwan saab ko akele bhejate hain aur usake khane pine ki vaivastha wahi karte hain.humlog to bass kathputli hain bhagwan ke🙏🙏🙏🙏
How do you monetize this old footage?
suspicious about how governments can fake gold price. apart from that, great doc 👍👍
A building that's is decaying and very costly to renovated will be evacuated and demolished orderly to avoid unnecessary losses and a new building put in it's place. Shouldn't we do the same thing to the global reserve currency that has lost almost all it's value. The situation now is not the same as the past financial melt down when there were no alternatives to transit to. Today there is a very strong contender Cryptocurrency to replace the collapsing Fiat system.
@roro4787Like saying don't need all the advancement in technology for better living, still want to ride the horse cart around. Gold was used as store of value and money for Thousands of years became there was nothing better up until Bitcoin came around.
@roro4787it’s not decentralized and know for massive manipulation.
Gold is a commodity and it's a natural resource that's and undetermined amount because there's lots yet to be unearthed. That's why the gold standard is no longer in use imo
How do you spend gold? If you take a bar of gold to Walmart can you get groceries?
The US lost its superpower status in 1971 when President Nixon suspended the convertibility of the U.S. dollar to gold, effectively ending the Bretton Woods system. The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975.
The U.S. is the world's largest debtor, with a NIIP (Net International Investment Position) of -$16 trillion. China (including Hong Kong) is the largest creditor, with a NIIP of $4.3 trillion, followed by Japan, Germany, and Taiwan. The U.S. last had a positive NIIP in 1988 and a trade surplus in 1975. The U.S. debt grows by about $5-7 billion daily, and the trade deficit averages $2-3 billion per day.
The US national debt is more than $35 trillion, with 22% of it held by foreign entities. The US also has $40 trillion in unfunded Medicare liabilities and $26 trillion in unfunded Social Security liabilities.
The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risks damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds and finding ways to reduce their use of the US dollar.
A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The US's one trillion dollar trade deficit is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are expending resources and labor making goods and shipping them to the US in exchange for green pieces of paper. The US is sending back mostly empty containers.
The US budget deficit is $1.7 trillion in 2023 which must be paid for by selling more Treasury bonds. The interest on this debt is twice our military budget. The government sells more Treasury bonds to pay the interest on its debt, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and increases interest payments on government debt. Other countries will respond to the US's rising interest rate by raising their interest rate, risking a global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now.
A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $35 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays them interest. The top 10% of earners (36%) and corporations (9%) together contribute 45% of total federal revenue.
Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in existing bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on US banks' financial assets is $1.94 trillion, while the total size of their equity is $2.1 trillion. SVB had a $15 billion loss, while their capital is $16 billion. Around 2,315 of the 4,800 banks are currently on assets worth less than their liabilities. It's a systemic issue.
A similar issue is being played out with risker Mortgage-Backed Securities (MBS) valued at $12 trillion.
The new Bank Term Funding Program (BTFP) helps prevent discounted bondholders from taking losses when they must urgently sell them. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. Risking more inflation.
It's a Ponzi scheme. Ponzi scheme cannot taper. We reached the can and there is no more road.
Absolutely terrifying stuff with an extremely bleak outlook for the near future...
You didn’t see the ending, their is opportunity
The right thing to do now would be to go back on a gold standard and forgiving all nations debts and start everything new. LEAVE GREED OUT OF IT!
TWO subject matters were not discussed ..
(1) THE PETRO DOLLAR.
(2) CENTRAL BANK DIGITAL CURRENCY
CAN ANYONE MAKE A GUESS AS TO WHY THIS WAS SO ???
Well the doco was released in 2012 so it's not recent, that's why digital currency wasn't discussed. It's a magazine for gold isn't it....
Bitcoin is the answer now in 2024 but I also think we need tangible assets like food and real estate etc.
@@lspag7415 Was wondering how old this was... It's a great doc still and agree on plan B.
Also, in an event of a catastrophe, somebody already said it, neither gold, not paper money would be of any value, as the most valuable currency is going to be everything that can produce food, as we would be back to the middle age, were agriculture, hunting and fishing were the main means of survival. That would really be the end of capitalism, or even society as we know it.
Buy silver, its cheap at the moment , stack it high
If only we had money with fixed supply, accessible globally, digitally...
Oh wait, we do. Bitcoin.
At the end of the day what is freedom?
with out order there is no freedom
A fool and his money are soon parted inspite of such videos
my mother taught me everything I know
This is not a new video, I watched it last year
I thought I might’ve seen this before!
Yet the world functions. Maybe this points to the fact that we don't need fiat currencies at all.
Salary money should be different from stock market buying money
So, is it best to invest in gold now?
This is an older documentary, 2012. Now we have bitcoin. I'd say this is spot on with everything said, if you just replace the words "gold" with "bitcoin"
Until we all realize money is totally useless, and we just need to have more community and empathy for others and be more like Star Trek. We'll never survive as long as money fiat and so on continue to be forced into existence and fed BS about how it's needed. People volunteer for crying out loud even in a money-based society.
Nobody mentions bitcoin, the perfect money. Still in its infancy at the moment. But once the mass understands its value, fiat currencies will be replaced. (Gold is good, but it's far inferior than bitcoin in so many respects, that it can be manipulated, difficult to transact, you need tools to know if its 24k or fake gold, etc)
US Gov did this to CUBA, Venezuela, Iran and others.
Zimbabwe is in trouble 😢
Everyone is in trouble 😢😢😢
So your telling me the largest terrorist organization ever created has also created the largest Ponzi scheme ever. No no they only have the interests of the people at heart 😂😂😂
great
Y is the electric companies increasing their price? The gas prices not stable When these big companies are behaving so greedy towards consumers and know we have no other choices, we ain't going nowhere, everybody needs electricity all the time. What's the big deal why can't the rate remain stable for at least 20 yrs.
So, go to banks and take your gold out, lets see whettthey can deliver
Money's become Worthless? Tell you what: If money's so worthless, go into a supermarket, pick up what you need, and try to leave without paying for it. Seems to me they want your "Worthless" money, don't they.
Absolutely they want the worthless money because they can use the worthless money to buy stuff because then it would be forced labor so worthless money bandaid your decision
Wake up call!
The core is rotten
Bitcoin is the future
Major problem
great doc thanks fo4r the information
Well I’m working on the atom formers and letting anyone join in to have it invented and soon after invented will allow us to be fully independent from currency forever,like imagine being able to 3d fabricate all your food,clothes,gadgets,energy by yourself and free form reliance itself and the freedom from spending via the end of dependence itself
btw its also like society in star trek, even thanks to their alien alliances and replicators, and posiabilty to amke atoms akak precursor to replicator etch
Where are you going to get the substrate? Does it grow on trees?
it a polymer and only start wth the particle emitter tech" which exist currently and just some engineering altering to configure, and the rare earth materials ill apply in next models & maybe hadron collider resdue ill get much sample of elements 113-124 & once Af made ill use the AF to unlimited amounts of ti form here on end@@lynb1022
no. fiat money will always become worthless when you have consecutives irresponsible govts. look at argentina/brazil keep changing fiat money, economy still gg. people will know how to avoid using and keep the issued wortlesd money. the world will only ditch money when humans r free of production ie. moving to credit system.
gg ?
Money is not worthless even if you want to buy bitcoin u need money 😅
Us Dollars are an IOU being a note of debt
I'd rather have a 1,000 pack of tasers choice instant coffee than one bitcoin
Thanks for mentioning Bitcoin!
HFSP
Sheesh you’re clearly brainwashed. It’s just an asset that exists that removes banks from the equation. To create a trustable peer-to-peer system to pay each other digitally without middlemen. Even if the asset is questionable, why would you hate something that fights for the right to pay each other digitally without third parties? Particularly, the third parties that were the catalyst to the 2008 crash (a driving factor as to why BTC was created). Just strange.
@@bootysnatcher8069 "A trustable peer-to-peer system to pay each other"? Like money launderers, drug smugglers, human traffickers, and arms dealers? No thanks. Good luck locking yourself into your vault.
Europe did the same in mostly government owned or partially own business organization s
Power & wealth isn’t permanent, India & China once wealthy & powerful decimated but especially China got superpower status conversely USA & Europe ( especially colonial thugs ) has begun to crumble 😮😮😮
When you trade your crypto, dont sell it against the US dollar
45:45 THIS !!!
Basically saying that Bitcoin is not as worthy as Gold
If you can’t hold it, you don’t own it!
Stay calm! We're 12 years after those dark predictions! The guy who predicted a global disaster "this decade" (2011-2020) was totally wrong despite the relevance of his analysis. It's a matter of time I presume yet.
The same ppl in this video are the same ppl who want no taxes to be collected ever and they bet big in Shiba Inu. 😐
Food is the real currency
Why the San Andres sounds? lol
And the best is when I hear the American economy is doing well and the inflation is much lower than in Europe… yes because USA is basically running the printing machines non stop, that’s your recipe for success, while the rest of the world is being robbed of their currency’s value as it is linked to dollar. In simple terms, USA having the global currency-dollar and printing it in mass is actually stealing the value and products/ assets/ commodities from the rest of the world that uses that dollar. It’s as simple as it can be, but it will not last forever. Just like French back in the day when they send their ships to New York for their gold ( just before Nixon basically said fuck off to the world in 1971), the world will say fuck off to the dollar, btc would be a great alternative but average Joe is to stupid to understand its value and central banks and governments are doing everything to destroy the only true money of the 21st century, maybe not, we will see
0:20 why did they agree back then with this stupidity ?
Buy utility coins to hedge against inflation and educate yourself about the future of finance
Why all of the sudden these btc documentaries, it seems someone has an agenda
If so, the fake value crypto ponzi was the nail in the coffin.
It did fail us as a race
Back to back bitcoin documentaries giving me a FOMO...! or JOMO?
Now tell me, who are you backed by Mr. Moconomy?
It was a crime to remove Gold standard. Get ready for the downfall of the dollar!! 😂😂 Too late to fix it.
Imagine when the consequences with a compound effect😂
"How Money Became Worthless" is what poor people say to feel better
only a poor person would say this
Just buy money, soon u won’t be able
Work union buy gold and silver
perpetual debt
Gold, silver, btc, eth.
BITCOIN !!!!!!! SAVE IN BITCOIN!~!!
\
Buy shib 💪🙌💷💷💷💷
😭
And then you have Argentina's new president trying to make dollar the official currency 😂😂😂🤡🤡🤡🤡🤡
Emergency banking act 1933
BITCOIN.
Digital is the new ponzi Bitcoin & a few other cryptos will solve this problem, but alot of crypto will bust.
No crypto will solve this problem.
Lol there is 100% chance there is less gold the only question is by just how much
Save your paper😆
42:20 Bitcoin is the fix