fiat is paper representing money without any backing, digital money is digets on a screen representing money without any backing and you cannot even access it without electricity
Try to use your debit card, or shop anything anywhere without electricity. This is such a silly and moot point. Electricity is not going away. Neither are computers. Crypto IS backed by real value, either as proof of stakes or as proof of work.
@@calysagora3615 We used to be able to use credit cards without electricity... As far as your assertion about crypto backing that comes across as someone who doesn't understand crypto but probably has quite a bit of it.
@@BlackLibertarian Bitcoin is the same as fiat money minus the backing of a government, every failed crypto story is just a reminder of that, but here we are with the idea that less is more...
Prices spikes due to supply/demand is not inflation. It's just price spikes for certain goods True inflation, is the devaluing of a currency. Which only happens when money is printed.
True. Inflation does indeed occur when money is printed. But more specifically, it is only when more or less money is printed annually percentage wise, or when the annual growth or fall in an economy's CPI is outpaced or underpaced, when either bad deflation or inflation occurs. By keeping the monetary supply tied to the annual growth or fall of CPI, the Treasury could keep inflation and deflation at bay. The FED fails to do this and even failed to do so in the days of 1929.
@@Akari-og1lk Not necessarily. Prices could spike when supply of a good is adversely affected while demand is constant or if supply can't keep up with spikes in demand. This can happen in the absence of an artificial money and credit expansion and hence no devaluation occurs.
Haven’t watched it yet. Just gonna say it takes either 5 seconds or 5 months to explain everything wrong with the fed. What’s the deal with 13 minutes?
All of this could be avoided if currency is tied to a basket of commoditues (say the top 20, 50 or 100) that are adjusted periodically to maintain relevance. In addition to this, deficit spending in excess of what is needed by the none governmental economy and debt must be limited to ensure stability. Interest rates for savings should always excede the rate of inflation and capital preservation should be guaranteed as a hedge against inflation and to make sure savings, especially for the bulk of low wage earners are not taxed away. This would ensure that people who live frugally are not penalized while ensuring that the banking system has sufficient deposits. Savings should be unconditionally guaranteed.
Bitcoin replaced the FED with the DEV. The DEV can change the economic feature of the project at anytime (like they did with segwit).. sadly bitocin is not better than the FED
Thanks for the perfect update. I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, Most people you see as wealth at a glance, a great career, purpose is the result of hard work and remains over time. There are no shortcuts to getting rich but there are smart ways to go about it. Now I can say that thanks to Ms. Clara Burn I am improving my understanding of this whole world and making new big profits every week.
Been watching learn liberty for years. This is probably my least favourite video. Bitcoin has yet to solve any of the problems of a usable currency, with the added complexity of relying on a power grid and networks that are fundamentally tied to the fiat currencies of the countries they reside in. Stop trying to make bitcoin happen. It's not going to happen. Real technological advances make real impacts right away. It's been years and all we have is unproductive computer assets "solving" made up equations and crypto bros doing too much adderall trying to predict what direction the next shitcoin will go. No other technology has failed to advance the human race with as much clout as decentralized currency. It's dumb.
Bitcoin may or may not happen, but if it does happen it'll likely be because it's more stable than fiat currencies in the process of collapse. Otherwise, there's not much incentive for the common consumer to switch.
"Bitcoin has yet to solve any of the problems of a usable currency" - did you watch the video at all? "Stop trying to make bitcoin happen." - It's 60k per coin and presidential candidates are talking about it. It's already happening, my guy. "Real technological advances make real impacts right away" - The internet didn't take off right away.
That may be true in the advanced countries of the Western World, where money is relatively stable, but many developing communities have readily adopted it, and 2 countries have made it official national currency.
Bitcoin is valuable as a useful service in that it allows value transfers without borders and is completely transparent alongside being well known, having a predictable inflation rate and also is developing the ability to deploy smart contracts through ZK rollups allowing for more complex financial transactions to occur outside of anyone's jurisdiction. It is the next big thing, and people said this twelve years ago back when it was at 500. Be there or be square, long term bitcoin wins.
No, bitcoin absolutely does not fix this. Another crypto currency might, maybe, sort of, but it will have to be less cumbersome and less volatile than bitcoin and other current offerings.
@@MoreBollocks-ui2zs as with any asset, volatility decreases as market cap increases, and volatility is high in the early stages of monetization (big gains). btc has gotten less volatile over time. it is still
This is all interesting to learn but the damage is done and there ain’t no going back. The end of all time is near. And so is Christ. Turn to Him and live; He is our only Savior. Great job my hillbilly friend.
Of course not, we're moving forwards, not backwards. Scrapping the fed and currency monopolies are inevitable in the long run. The complete abolishment of government is as inevitable as the abolishment of slavery was.
Okay your comment about the meat and wine versus the beer and grain is the funniest shit I've ever heard in my life are you actually serious right now you would need a 50% on this side and a 50% on this side how are we all know what 2% of the country's population was rich versus the rest of it being poor there's no way in hell you can say that meeting Mom consumed by The Ridge Dental price went up that's the dumbest shit I've ever heard
It's true, I invested in Chuck E Cheese coins and my stock has tumbled since FNAF came out. And now all my Disney Bucks are starting to collapse.
Should've changed the title to "Everything's wrong with the FED"
"The FED's wrong with everything"
👀
@@BlackLibertarian😂
@@LearnLiberty Why don't you offer Channel Memberships? I would certainly buy it. 🙂
Why is FED in all caps? It’s not an acronym.
fiat is paper representing money without any backing, digital money is digets on a screen representing money without any backing and you cannot even access it without electricity
Bitcoin certainly isn't perfect, but I would still rather use bitcoin than that trash the Federal Reserve serves up.
Try to use your debit card, or shop anything anywhere without electricity. This is such a silly and moot point. Electricity is not going away. Neither are computers.
Crypto IS backed by real value, either as proof of stakes or as proof of work.
@@BlackLibertarian Bitcoin is not perfect, that's quite the understatement.
@@calysagora3615 We used to be able to use credit cards without electricity...
As far as your assertion about crypto backing that comes across as someone who doesn't understand crypto but probably has quite a bit of it.
@@BlackLibertarian Bitcoin is the same as fiat money minus the backing of a government, every failed crypto story is just a reminder of that, but here we are with the idea that less is more...
Prices spikes due to supply/demand is not inflation. It's just price spikes for certain goods
True inflation, is the devaluing of a currency. Which only happens when money is printed.
True. Inflation does indeed occur when money is printed.
But more specifically, it is only when more or less money is printed annually percentage wise, or when the annual growth or fall in an economy's CPI is outpaced or underpaced, when either bad deflation or inflation occurs.
By keeping the monetary supply tied to the annual growth or fall of CPI, the Treasury could keep inflation and deflation at bay. The FED fails to do this and even failed to do so in the days of 1929.
💯
Price spikes due to supply/demand is the devaluing of currency
@@Akari-og1lk Not necessarily. Prices could spike when supply of a good is adversely affected while demand is constant or if supply can't keep up with spikes in demand. This can happen in the absence of an artificial money and credit expansion and hence no devaluation occurs.
The Federal Reserve is no more federal than Federal Express! (let’s see who gets it) (if you get it, you’re old)
@@recoveringnewyorker2243 haha! I haven't heard that one in years! 😛
The MFs took that man's dog.
It is also not a Reserve.
3:39 they don't even bother printing most of it. Just a few easy clicks on a keyboard and billions and trillions can be added to the money supply.
Great content!
Haven’t watched it yet. Just gonna say it takes either 5 seconds or 5 months to explain everything wrong with the fed. What’s the deal with 13 minutes?
Great video
All of this could be avoided if currency is tied to a basket of commoditues (say the top 20, 50 or 100) that are adjusted periodically to maintain relevance. In addition to this, deficit spending in excess of what is needed by the none governmental economy and debt must be limited to ensure stability.
Interest rates for savings should always excede the rate of inflation and capital preservation should be guaranteed as a hedge against inflation and to make sure savings, especially for the bulk of low wage earners are not taxed away. This would ensure that people who live frugally are not penalized while ensuring that the banking system has sufficient deposits. Savings should be unconditionally guaranteed.
Just a quick heads up: Federal Reserve is an organization, not an acronym so FED is not the correct way to address it.
AkCtualllllleeeeey
@@flyingmonkey3822 kind of an important thing if you want to bring credibility to the channel (I was an intern here awhile back).
I'm pretty sure it is called the 'Fed' and not 'FED'.
Bitcoin replaced the FED with the DEV.
The DEV can change the economic feature of the project at anytime (like they did with segwit).. sadly bitocin is not better than the FED
That it exist, and doesn't serve the people
Ron Paul was a gynecologist not an economist
lol If Bitcoin didn't have the Cantillon Effect then no one would mine Bitcoin.
“Can-ti-yon” would forgive him, but the most would just hesitate to respond…
Thanks for the perfect update. I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, Most people you see as wealth at a glance, a great career, purpose is the result of hard work and remains over time. There are no shortcuts to getting rich but there are smart ways to go about it. Now I can say that thanks to Ms. Clara Burn I am improving my understanding of this whole world and making new big profits every week.
She is the best, honestly, I benefit from it too. This inflation has taught people the importance of multiple incomes. Investments help a lot.
I am impressed by the way expert Clara Burn conducts business and makes statements. And I really like her quick answer
Two other of my colleagues and I tried it immediately, we testified. MRS Clara Burn is doing wonders.
came across the comments about MRS Clara Burn and I must say she is a genius.
How can I participate in this? Like how do I contact this adviser please?
Neither federal, nor a reserve, nor a bank. Cartel is much more fitting. Greenback Cartel.
Cant-ee-yon effect. C'mon man.
You Praised Bitcoin, FOOL. ! ! !
Been watching learn liberty for years. This is probably my least favourite video. Bitcoin has yet to solve any of the problems of a usable currency, with the added complexity of relying on a power grid and networks that are fundamentally tied to the fiat currencies of the countries they reside in. Stop trying to make bitcoin happen. It's not going to happen. Real technological advances make real impacts right away. It's been years and all we have is unproductive computer assets "solving" made up equations and crypto bros doing too much adderall trying to predict what direction the next shitcoin will go. No other technology has failed to advance the human race with as much clout as decentralized currency. It's dumb.
Bitcoin may or may not happen, but if it does happen it'll likely be because it's more stable than fiat currencies in the process of collapse. Otherwise, there's not much incentive for the common consumer to switch.
"Bitcoin has yet to solve any of the problems of a usable currency" - did you watch the video at all?
"Stop trying to make bitcoin happen." - It's 60k per coin and presidential candidates are talking about it. It's already happening, my guy.
"Real technological advances make real impacts right away" - The internet didn't take off right away.
That may be true in the advanced countries of the Western World, where money is relatively stable, but many developing communities have readily adopted it, and 2 countries have made it official national currency.
Bitcoin is valuable as a useful service in that it allows value transfers without borders and is completely transparent alongside being well known, having a predictable inflation rate and also is developing the ability to deploy smart contracts through ZK rollups allowing for more complex financial transactions to occur outside of anyone's jurisdiction.
It is the next big thing, and people said this twelve years ago back when it was at 500. Be there or be square, long term bitcoin wins.
Bitcoin fixes this
Yes, its going to be feasible as soon as ultra cold fusion is invented. Or at least made available.
@@mkeyx82 already is being used by many in bitcoin circular economies (earning, saving, spending all in btc)
No, bitcoin absolutely does not fix this. Another crypto currency might, maybe, sort of, but it will have to be less cumbersome and less volatile than bitcoin and other current offerings.
@@MoreBollocks-ui2zs as with any asset, volatility decreases as market cap increases, and volatility is high in the early stages of monetization (big gains). btc has gotten less volatile over time. it is still
This is all interesting to learn but the damage is done and there ain’t no going back. The end of all time is near. And so is Christ. Turn to Him and live; He is our only Savior. Great job my hillbilly friend.
Of course not, we're moving forwards, not backwards. Scrapping the fed and currency monopolies are inevitable in the long run. The complete abolishment of government is as inevitable as the abolishment of slavery was.
I mean, you can still redeem your dollars for real gold.
No
Okay your comment about the meat and wine versus the beer and grain is the funniest shit I've ever heard in my life are you actually serious right now you would need a 50% on this side and a 50% on this side how are we all know what 2% of the country's population was rich versus the rest of it being poor there's no way in hell you can say that meeting Mom consumed by The Ridge Dental price went up that's the dumbest shit I've ever heard
That is the longest sentence I have ever seen.