End of the Road: How Money Became Worthless
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- čas přidán 28. 06. 2023
- In 2008 the world experienced one of the greatest financial turmoils in modern history. Markets around the world started crashing, stock prices plummeted, and major financial institutions, once thought to be invincible, started showing signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat. Although we’ve been told that these drastic measures prevented a total collapse of our system, a sense of unease fills the population. In the world of finance, indeed in all facets of modern life, cracks have started to appear. What lies ahead as a result of these bold money printing measures? Was the financial crisis solved, or were the problems merely kicked down the road?
Director: Tim Delmastro - Zábava
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Colleen Rose Mccaffery” for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
How is this documentary not blocked? You are spitting facts and yet you are still alive. I love this channel. Big up guys.
It's not blocked because it NEVER mentions the US economy is based on imperialism nd constant war. The US spends more than 50% of its economy on the military industrial complex, invading countries, stealing their natural resources and lining the pockets of the oligarchs. We spend more on war than the next ten countries combined. That's the real problem, not social spending or job creation.
嗨
Because it's beyond The peasants doing anything
@@spaceindian3769 Yes, where are you from
Yes guys
Finally this documentary has answer my question. My wife and I are both nurses working 45hours weekly yet standard of living is poor.
Just curious. Do you live in NY or Silicon Valley area??.......I hear you!
My mom was not working, we were 3 kids and never worried about money. Now my wife works, I have 2 jobs and money problems
Chill, my dude. You just watched an hour long commercial for gold.
how are there not thousands of films screaming this from the roof!!!!!
Because this is just a pr
There are. Nobody cares. They love their serfdom.
Even if the us would not have printed so much money do you think we would be this far? (Probably not expecially for technology)
You say that like all this technology is a good thing.
@@adamblack267 world would be way worse if technology didn't advanced. (Think about it for a second)
The best message here is, find out what's going on for yourself and empower yourself. Not just in finance, but in education, healthcare and international systems. Don't trust corrupt governments. They don't serve our interests. It's a big club and we're not in it !
Precisely
It's not just government to blame, but the owners of lobbying corporations who buy influence with the government. If you get the correct people who have good ideas themselves and are not swayed by the bribery occurring, you can use government to oust the corruption. Unfortunately, that is really the only method at our disposal to oust it, and it take superior intelligence and moral fiber by someone who is in the position to cash out into corruption. All the incentives say to be corrupt, so that's the choice most who have the opportunity take.
Truth
True
Karen my Love!!! For the first time in 50 years I'm in love!! A woman with REAL brains!!! (not simply Feminist-mandated), ands willing to step outside of 'The Square'. And you appear to have absorbed the Gospel of Michael (ME!!😀) as well!
Please DO keep in touch; here if necessary, but better: jollier2ATprotonmailDOTCOM Meanwhile: All the best. And keep your head down: the SHTF crowd aren't the dangerous ones!
The number of children that an average family can afford, plan to bear, and really have, should be used as an important national index of economic situation.
should and reality are 2 different things when families are the true carbon they want to reduce. expect a continued onslaught of lies in fnancial news, data and most news in general. the weather report is now the most trusted part of the show. population reduction is the aim. its over for families
Which is now zero aka “dinks”
Nobody want kids. That should tell you something.
If you thinking that success is a measurement of how many kids you have, then the Spanish Latino is the winner. They have 7 kids each family on average.
@@WaryofExtremes- these people having babies like rabbits, they are from Mexico, Guatemala, Venezuela, etc...their countries are third world shit hole, you call that success? 😂
On August 15, 1971 I was 8 days from age 17. I had $1,000 in the bank , saved since I was born .
I worked as a paper boy at age 13, and had a few jobs as well as a landscaping business where my friends and I mowed 50 lawns every two weeks , did gutters and snow in fall and winter .
The $1,000 I had in the bank would have bought exactly 28.5 Troy ounces of pure gold , worth $57,000 today at $2,000/ an ounce . That explains it all .
Should be worth a lot more if central banks didn't hoard all the gold to control the price.
That's pretty thrifty and industrious for a young person, respect to you at least for that.
Four months later 2367 dollar for gold. The collaps started. If the world survives, China rules the world over ten years.
When are you buying?
You should have bought Bitcoin for 1000 USD when they released this film in 2012
Money is never worthless, currency is worthless.
This needs to be shown to every highschool student in the country
It's not going to make any difference most of people today just want to live their life 😂😂😂😂😂😂
Bravo ,nitko ni ne pomišlja na djecu@@MukadisAymen-ui8fy
Who cares? At our simple human level we cannot change it
@@MukadisAymen-ui8fy true
The last key phrase says it all "Get out of currency, buy money"
The problem with gold or silver is that both went down in value during the 2008 recession. If you purchased gold in 2011 @ $2,000 per oz, it would need to go to $2,800 just to have the same value. You would of missed all the gains of the stock market since then. The Banksters are in control of the commodities exchanges, if they want gold to go to 500 per oz. They can make it happen. My silver bullion purchases since the lows of 2017 have not even kept up with inflation. The best thing we all can do is get family and friends off the DEBT train. I use credit cards for the cash back and always pay off before any interest can be charged. I have floated $25,000 on zero interest credit cards since 2020. Current balance $11,000 and it will be paid off Jan 2025. I have cut my budget to the bone and I am able to save $20,000 per year of my $45,000 retirement income.
@@jefferysurratt5650 You're valuing your money in currency terms. Completely backwards, just like most people. Still worshipping that dollar... LOL
@@jefferysurratt5650 1 kg gold 1 is kg gold. what do you not understand?
And you can't eat gold or silver......
@@rhaspiece Only problem with gold is where do you keep it? How do you spend it at the gas station, the supermarket etc? You have to exchange your gold for paper money to buy anything. Talk about the ultimate inconvenience.
Our money is not worthless, but it is worth less.
😂😂😂😂😂 it's worthless
What you have is a Currency, not Money
Fiat is worthless
It's not "ours", it's not money AND it's worthless.
What do we do now? 😢
This was made in 2012, I looked it up in IMDb. I really wish it was listed by the title, (not the posted date…)
I've been working about 20 years now. My hours have gotten longer and my income has gone up three fold, my standard of living has dropped to less than what it was 15 years ago. We live *well* within our budget with everything thankfully paid off, never take vacations, buy store brand food and repair everything ourselves. But it's getting worse. I don't want all the hard work I've done through my life to be taken away due to a select few bankers in the FED.
No mony. NO WORK
I’m in same boat just glad I don’t have any payments
It's not just bankers it ALL of the corporate elite they are essentially the oligarchs of the capitalist world, there only interest to privatise everything and profit of people. We're essentially slaves to this system at this point.
Dear Friend, we live in a sich dishonest world, start discover the Bible, the Word of God. The worlds investments will collapse. Invest in the Kingdom of God and in the next life you will be blessed a hundred fold. Give to the poor. Do great things for the Lord, not for yourself and you will have a treasure in heaven. Hope you find the truth. Study Dr Johan Barnett or Robert Breaker's teachings. Love you from Africa.
@@WaryofExtremes- Manufacturing is a vital economic sector in the United States.[1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion.[2]
As of December 2016, the U.S. manufacturing industry employed 12.35 million people. A year later, in December 2017, U.S. manufacturing employment grew by 207,000, or 1.7%, employees.[3] Though still a large part of the US economy, in Q1 2018 manufacturing contributed less to GDP than the 'Finance, insurance, real estate, rental, and leasing' sector, the 'Government' sector, or 'Professional and business services' sector.[3]
We are mostly a service economy. Cheap goods from other countries benefit both countries. Our biggest problem for most US workers is that wages have not kept up with the cost of living.
4:00 The U.S. dollar was chosen as the world's reserve currency, but countries started asking for physical gold from U.S., so much so that Nixon called a halt to it
6:49 U.S. and Nixon stopped backing the U.S. dollar with gold in 1971
7:55 Without gold backing, we have fiat currency
9:19 Some countries devalue their currency so that they can be more desirable trading partners
11:23 When the government needs money, the Federal reserve prints it. The government sells bonds to raise money from people, countries, and institutions, which it promises to pay back with interest, which forces Fed. Reserve to later print more money
13:49 Since 1971, U.S. has trade deficit, meaning we buy more from other countries than they buy from us
16:40 By printing more and more money, the value of dollar decreases (inflation)
18:00 After U.S. dollar stopped being backed by gold and inflation rose, wives had to get jobs too, then inflation rose again and people were unable to save, then inflation rose again and people are in debt to get by
Therefore our political oligarhs are a bunch of crooks ! period ,
Russia is gonna trigger A Global Depression on November 7th 2024 by an E.m.p upon America killing also almost the entire population of America by the end of 2025.
But before that watch #7November 2023; the de@th of American president(B!den) for the confirmation of that.
Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt then loan it out at interest.
This indebts the whole world in totally unpayable debts, whether through government bondage note or private bank loans.
So that's the primary problem, but abolishment without a plan isnt a great idea.
So what's the fix ?
3 questions occur to me in all of this.
1. Who in our society should have the right to create legal currency.
This question leads to 2 more questions.
2. What should our money be ?
3. How should it be created ?
To me, only Gold and silver can be money, but I don't mind considering copper and nickle as well.
If this is the choice we make, then who gets to make it ?
It's either government minted, or private or a mix of both.
However, this gives a mining company an un wise position of power in the nation, basically it becomes the bank.
So if we go bi-metalic, we will need to either nationalise such mines, OR, set a buy price for the metal.
Setting a buy price is intervention in a market. That always brings another set of concerns, for one we need the metal to have a floating price.
Nationalising mines and paying shareholders in metal brings the challenges of maintaining an enthusiastic exploration. industry.
I think in the interests of the greater good, that being, the preservation of the purchasing power of the peoples wages and savings, that nationalising mines is the wisest choice, paying shareholders well for their risk taking in metal, minting gold and silver grams in 1, 3 5 and 10 grams, 999 pure, no denomination assigned, just weight and purity stamped, and let the free market decide its purchasing power.
Now the question remains, what is a just and wise way to release new Debt free Currency into the nation, with the view to assist all.
Well, you can't just give it to everyone arbitrarily without measure. That's inflation!
There are 3 ways that occur to me to justify and wisely release new Currency into a society.
1. Infrastructure.
2. Pensions. (Depending on Capital availability and policy review)
3. Health care.
National defence could also be considered.
The point is, you have to have a policy for release if you go bimetallic.
The goal is, stable currency allowing the efficient exchange of our productivity, with an average zero devaluation rate over time.
This means the office of the currency releases new Currency as the population increases.
It can also release new Currency to encourage more economic activity.
There can be 2 forms of release.
Not to be repaid. Such as the categories mentioned above.
Repayable. As in loans to the people.
I'd like to abolish interest, but in a free market that's not the easiest thing to do because it interferes with private property (your money) and it's a almost religious question and I don't want to get into the church and state question. The point is, if you want to loan for ca fee or at interest, we can't stop it and we probably shouldn't.
But, should the government loan at interest ?
I'd say, I'm not sure.
Let's be aware that interest is a tool of harvest, leading to corruption.
Let me explain how I see it.
Reasons why humans develop money.
1. Convenient exchange.
2. Trustworthy Measure of productivity.
3. Trustwothy means of Storage.
4. Tool of harvest.
Right now, number 1 works brilliantly, numbers 2 and 3 are not fit for purpose, and 4 works well.
With interest, who ever starts with the most wins, unless they do something really stupid.
You lock 100 people in a space and allow interest on their 'legal' means of exchange, and come back in 100 years and the person who has the most to start with will own all the other people and all the stuff.
So, be aware that interest causes problems eventually. It may not be fully moral.
It's a demand regardless of increase.
Now the world is that locked room, and interest is the tool that enriches those who work out how to use it, and by which they then buy and control all the assets and resources and the very government, and so corruption always ensues.
Also understand that easy money Always corrupts. Always!
Why ?
Because life requires cause and effect to live and to thrive.
Ones actions in the natural environment dictates their results.
This is nature, uncorrupted, and this natural law at work trains us to make wise, prudent, industrious and sound decisions, to be vigilant and productive, if we want to thrive.
Easy money is the opposite. It grants us plenty for no action, and thus it creates sloth, dissolution, laziness.
And so easy money ( of which Interst is a class) Always corrupts the human process of learning wisdoms and virtues.
So I would teach this and let people decide if they want to charge interest.
Remember, you don't need interest in a zero Inflation environment. Or in a stable currency environment. The 'time' factor of money isn't as relevant. The risk factor is relevant.
You da real MVP
@@friedfrawg you too
Thank you so much for this. Years from the world will give thanks to you for opening it to a whole new area of financial stability.Thank you.
Greatly appreciate the work involved in the making of this documentary. Well done and very enlightening!
Absolutely the best documentary on this subject, very well put together and very easy to understand
No wonder America is so far ahead. Theyve been stealing the wealth from around the world.
I can see why America doesnt want to switch to bitcoin, but every other country should want to switch.
The Money Masters
On CZcams
How this even came to be is just mind blowing
Google the movie "Money Masters" and it will become more clear.
I’ve got $8000.00 in my savings. What do I do with it? Buy gold, silver?
@@larkatmic don’t blow ur savings, but yeah, buy a little bit of gold. I would buy just a little bit every paycheck… slowly accumulate over time
@@ziontziont3106 I appreciate your advice. Thank you
@@larkatmicbuy some land..and raise some sheeps and goat. Also you can grow some rice, corn..and beans.
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
My advisor is *Alicia Estela Cabouli* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
This is going to be The Greatest Weslth Transfer in human history
In the first 4 minutes and 45 seconds, all my suspicions from the past several years have become clearer than ever.
This video is old and flat out wrong. Sure, the history of currency and monetary policy is correct, but that's it.
@@ryanreedgibsonis that it? how is it wrong? didn't US just print 40% of money of all time in few years of covid crisis?
@@ryanreedgibson You're right Ryan, it is old..... it was made in 2012 according to the end credits. But what's wrong about it?
@@ryanreedgibsonwall street shill
Giant advert for gold
This is the best documentary I have ever seen on this topic.
In the context of how money is created and its inherent issues, this documentary proposal is entirely misleading. When you study economics, this is one of the best chapters, and when you consider any country's finances, gold kind of a commodity may be enough, yet can not support the global economy itself, which is one of the main reasons to transfer to a fiat kind of system. Unfortunately, the issue is poor management and lack of transparency. To prevent any government or institutions from making lousy management decisions and increase transparency, the next evolution is to be blockchain technology. Old-school economists and governments hate it because it is decentralized control, and transparency is even more than gold-backed currency. Anyway, sooner or later, the US and EU and significant economies have to move to some form of blockchain technology-backed currency. Furthermore, this conversation discusses the Ponzi scheme of the money generation mechanism, and it is not 100% True. If the US still follows old-school gold-backed currency, this development is nothing but a dream.
@@fireheart5004why is it not 100% true and why documentary proposal is misleading? I am very curious
@@trappart9209 I don't know much about economics, but the profiles of the people in the video raise my suspicion. Not a single one of them can be considered a proper economist.
Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their tactics to minimize risks and maximize profits, generating around $3 million in three years with my advisor, Stacey Lee Decker.
With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.
After reading your insights, I researched her full name and found her online webpage. Thanks for your help.
FOOLS. Because you still believe in the monetary system. It's already dying in intensive care.
There are a lot of people out here blaming capitalism for many of the worlds woes but I truly believe that it was the removal of the gold standard that broke this system. Without gold they took a system that only could achieve relatively slow growth yet stable growth to one that was unlimited and fast. They back up money with money and if that money isn't worth anything except our collective acceptance of it's value, it's bogus. They basically took something tangable and made it make belief because, now they could make up and back any decision they wanted to make. They made a real thing in to something mythical and made it almost to a religion, church of the dollar.
Who are they? Bankers and politicians - remember, they are the true enemy.
the problem is also that you can't trust anyone when it comes about money.. and those guys sell gold. That's the world we live in
*currency
Money is backed by something
Fiat currency is backed by nothing
@@stevewilson4718 the gold standard was far worse than fiat
@paulnyagini sure! go have your McDonald's
@@stevewilson4718 looks like you lack macro economics knowledge.
Your wisdom comes from CZcams videos.
@paulnyagini No it's y0u who lack brain cells. That's the problem when y0u have scrambled eggs in place of brain.
The root cause of all the problems we have now is what happened on December 23th 1913. Minimalism started as some "cult"-like behavior but it is actually a very smart thing to do. Stay out of debt as much as you can. 2008 was never resolved and what's waiting for us ain't pretty.
12 years later, still kicking the can down the road 😔
Financial Education yang Sangat2 Bermanfaat.
Saya sangat Berharap Banyak Orang Indonesia🇲🇨 yang menonton ini.
Fascinating documentary that is well done with a simple explanation to what is now unfolding in our economy. I would estimate 90% of the population have "deer in the headlights" viewpoint and refuse to recognize what we are now facing.
It's been pretty obvious for a few decades now with the national debt basically going hockey stick since going off Bretton Woods. The bankers who made this happen would have absolutely known where this would end, but their greed knows no bounds so they went ahead with the scheme. I'm amazed it has kept going as long as it has, but that's only because they keep printing more and more fiat. When will this gigantic bubble finally pop?
They are too busy worrying about the .5% being him/her. The government dont want them to start thinking.
"a simple explanation to what is now unfolding in our economy". Yes, simple explanations for simple minds. This is not how things truly work.
The ordinary people not intrested or thinking about it becasue thats why weeds are legalzed to hallucinate the people.
Explain to me what good would it be for me to go out and buy gold and silver? I can't pay my rent in gold bars, I can't take gold coins and pay for my gas and groceries with them. Everything I need to pay for I pay for in dollars. This seems like a commercial for dealers in gold and silver.
You have LOTS of research to do. Or don't. Up to you.
Buy bitcoin
@@chrismay2298 Are you criticizing this person for their real situation? Many people dont have money to buy gold. They still have to eat and live somewhere. I think this person has clearly described the problem for the average person: thanks to the decades long emphasis on currencies which are easily manipulated by corrupt ponzi schemers in every country, gold has become out of reach as a measure of the worth of a person’s work or efforts over the course of their life. Would it be better for this person to have thousands of gold bars, but be dead from starvation? This documentary appears to say that gold holds its value, but does it? When corrupt accountants and bankers re sell the same ounce to multiple buyers, what is the value? Unfortunately gold has become just another tool that the corrupt use to rob others.
Finding something to strive for and fight for, regardless of the circumstances, is crucial. Once you set the right goal, decision-making becomes easy and enjoyable. I'm also grateful for starting investments in my early 30s, moving from an average lifestyle to earning over 34k monthly. Diversifying my portfolio with savings accounts, stocks, bonds, and high-yield dividend funds has been key. Having a financial advisor like Samuel Peter Descovich has been invaluable. Working with a professional can help prepare for financial struggles. Don't let fear hold you back from realizing your dreams!
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Found his website easily. It was like the first thing that came up when I searched his name. I'll surely touch basis with him to see what the best step is for me to take right now. THANK YOU!!!
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
-I just looked up his name on Google and saw his impressive resume. I consider myself lucky to have found this comment area..
scam
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. I personally benefited from the market crisis as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry and exclusive insider market information.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more..
Personally, I would always advise getting a professional help so they can steer you through the choppy market.
I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch with him?
@@Florencecoxx I get guidance from *Mr Gary Mason Brooks* . Most likely, the internet should have his basic info..
I remember when Cokes were a nickel. You could eat lunch for fifty cents or less. Those were the days, the 1950s.
The US lost its superpower status in 1971 when President Nixon temporarily suspended the convertibility of the U.S. dollar to gold, effectively ending the Bretton Woods system. The US is no longer able to keep its commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. It was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. A nation's power is based on its economic strength. The last time the US had a positive trade balance was in 1975, according to the U.S. Trade Balance report for 1970-2023.
The US is now the world's largest debtor, reflected in its net international investment position (NIIP) of -$14.3 trillion, while China (including Hong Kong) is the world's largest creditor with a NIIP of $4.3 trillion. The last time the US had a positive NIIP was in 1988. A superpower does not borrow money from other countries to fund its military.
The US national debt is more than $31 trillion, with 38% of it held by foreign entities. The US also has $38 trillion in unfunded Medicare liabilities and $17 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 risk 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 one trillion dollar trade deficit of the US 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 $1.38 trillion in 2022 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, 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 higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking 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 $31 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them.
Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in 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 taken a $15 billion loss, while their capital is $16 billion. Around 2,315 of the 4,800 banks are currently sitting 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) help prevents discounted bondholders from taking losses when they have to sell them urgently. 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.
本质是国家家族化，利益阶层固化，底层活不下去。随后内战，国家分裂。轮回
no mention of the PetroDollar? Oil is controlled by the US military.
Great Comment. Thank you.
How did they lose their position as a superpower when they’re the only ones that enforces their policies globally by military actions and sanctions.
Foreign held debt according to government calculations is about 7.5 trillion...
this would be a lot less than the 38%.
Foreign ownership of U.S. debt, which includes both governments and private investors, is much higher now than it was about 50 years ago. In 1970, total foreign holdings accounted for $14.0 billion, or just 5 percent, of DHBP. As of December 2022, such holdings made up $7.3 trillion, or 30 percent, of DHBP.May 11, 2023
The real problem with debt is : those who make them can't be charged, they can go to infinity.
While I, a student with student debt would go to jail if I simply ignored my debts.
Mr Wong explained the situation as completely as ive ever heard and it makes sense.Its very complicated but he made it very understandable to an average person,I must say,very good job of it sir!😅
manusia terjebak derita dalam sistem yang ia bangun sendiri.mari kembali ke gua.ketika hidup masih sangat sederhana.....derita itu nyata oleh hasratnya yang tak terbendung,semoga semua tetap selamat,damai bagi seluruh kehidupan.
di jaman gua manusia gampang kena penyakit
Ths topic should be taught in every schools
TPTB don’t want anyone to know
Good advice. The only bad thing is the government keeps track of who owns precious metals to be able to confiscate in harsh times. Suggestion: buy in the black market.
Fifty trillion dollars in debt and rising .... The dollar has been worthless for over twenty years ....
The USA prints out half a trillion dollars ($500 billion) annually 'out of thin air' and circulates them into global financial market. Just sayin'.
The Dollar is infected.
The US dollar is only the dominant currency because of its military.
@Sasen91 But that is alo the basic problem.
The more money they print, the less it's worth
More than that. It always has been. It's the imagination of people that decides it worth. If people lose faith in it and stop using it like many countries are beginning to do ,what do you think will happen?
Start using alternate money for your local transactions (this helps you and small businesses that are on board). Goldbacks, silver rounds, even things like local "honey money" will help preserve your weath and keep things going.
Fight for your freedom, refuse CBDC!!!
Watched this video 3 times already and I enjoy it every time
This was an eye opening documentary Thanks. Love ❤ From India
Good luck America, thanks for the music
You can also use money to build a house, buy land, build a farm, build a way to store and clean fresh water.
These are all good ways to convert the crap dollar into actual wealth
Yes you can do that but it’s not truly yours.
@@suzanmiller558my house is my house 😊
This was an incredible piece!! Thanks for the hard work that went into this documentary!
This is fantastic, guys thanks a lot, keep educating global citizens
Pay cash as you go.
In my opinion, invest in how to be self sustaining and take care of land, buy land and don't "have" to rely on others and buy their goods in the first place. If it came down to a crash I think fresh produce and eggs are going to be worth more than people would imagine.
I would love to see a documentary outlining how exactly to spend or use gold bars if/when the economy fails. On a local level, I can’t imagine we could buy necessities with it.
Crops and live stock are the only thing that matter
It's called gold and silver coins. We used to have them.
Assets.
You just go to the local coin dealer, find the one that will pay you the closest to the spot price, mine pays about 96% of spot, and then exchange for cash and go buy stuff. You don't actually spend the silver and gold coins at the store.
sanitation and medical supplies will be gold @@renelovemetal
Wonderful video. More people need to wake up and be aware of HOW the system is harming most everyday people. Most everyone can tell there's a problem, but the energy directed into solving it isn't focused to productive ends- instead, due to ignorance, it's dispersed into meaningless political and social disputes that are a fancy distraction from the truth
It’s up to us
Bitcoin is the key. Not your keys, not your coins.
@@Bitcoinzero Bitcoin is also backed by nothing 😂
@@Wanderer975True. But it atleast isn't controlled by anyone. Or any entity that can mis-manage it. There can also never be more Bitcoin created. So its atleast worth considering.. And there's also Ethereum.. which actually has more real-world use & stability than Bitcoin. Ethereum is the most commonly used crypto for transactions or payments along with a lot more related to digital property & assets etc. I dont have any trust in other lesser known crypto though
I agree. But the political disputes are atleast very important.. Because who we choose to lead us decides if our country is ran into the ground or not
Constant buying of physical gold and silverI is the way to go, I live 30 minutes from Perth mint!
100 tumbs up for educational merits........should be taught in each school and shown repeatedly in every serious channel.
Problem with that is, everybody would catch on to the government corruption and they wouldn't be able to get away with ripping everybody off.
I'm very glad I made wise financial decisions that transformed my life permanently; I'm aiming to retire next year... For any creative individual to be successful in life, investment should constantly be on his mind.
I agree with you and believe that the key to financial security is having the correct investment ideas to allow you to earn more money. I'm not sure who agrees with me, but I recommend real estate, cryptocurrency, and stocks.
Yeah!! It would be more advantageous and profitable if you actually traded on the digital currency bitcoin; I've been trading since the dip and have made a lot of dollars through trading.
@@Bridie_Aine How does all of this trading work? I'm quite interested, but I'm not sure how to proceed. I've heard that some people make a fortune trading.
@@Colin_Firth Trading is easier with correct direction, especially from a professional. For newcomers who are unsure of how crypto genuinely works and want to profit from it, I would recommend investing with a professional like Andrew Glenn Adams, as it helps safeguard and limit the possibility of losses.
@@Bridie_Aine I'm amazed; it's wonderful to hear others acknowledge Andrew Glenn Adams. I lost my job in April 2022, but now I'm back on top, and I always win with his help. He earns my honor since not only does he make my trading easier, but his cryptocurrency market analysis is excellent.
Thank God for knowledge. This was very informative. It's well made and worth the watch. Thank you for sharing this with us.
Is this a documentary or an infomercial for gold?
How the hell did they get away with this? The world sure has been sleeping
Because there's not enough ppl to raise this issue to government. MSM don't inform the public but keeps distracting us with Kim Kardashian, prince William, harry and Megan trash news
Suntem niste roboti lasi si manipulati de bani ...americani trebuie sa lase china sa conduca lumea si poate ne va fi mai bine la toti .
CZcams shadowbanned all replies :(
AWESOME DOCUMENTARY...THANK YOU !
Peter Joseph in Zeitgeist Addendum explained this 2008 (fractional reserve banking) - Money is debt and debt is money.
Mis mejores minutos invertidos viendo este documental.. aún quedan dudas al respecto sobre él debacle del dólar a corto plazo pero nada es inevitable.
Very interesting, very informative.. Quite scary. never thought the foundational basis of money was so weak.. by itself..
The Zionists took all the real loot and assets. Most of it, anyhow.
currency not money
I've tried to explain exactly this to all my friends and family between 2009-2012 but of course everybody back then called you "conssspiracy theorisst"
Wow what a different time.. did you ever become successful from your economic predictions
@@cuntbag6969I did not come up with it myself, I was taught by others, you think nobody noticed for many decades how this system works until suddenly just now? It always has been public knowledge. And please teach me since you are so smart, how this specific knowledge can make a person rich
Your friends and family are right.
@@BruceKWillSo we don't live in a debt-based economy where a central bank just keeps printing more money and creating more debt and fool around with quantitative easing and interest while inflation goes on forever? And if so, you really don't think that one day the whole thing will come crashing down in a gigantic bubble? Or do you don't have arguments and just a NPC?
@@DattBoiiT Judging by their lack of response it seems they haven't. If they actually know what they're talking about they would have quadrupled their wealth by now.
歴史は繰り返すなので 歴史から教訓を引き出せる この度は逃げ道は２つある❤❤❤
I don't know when this was made but.......
I've been hard at work trying to educate everyone I know, on this very SUBJECT.
And most are totally shocked to understand what's actually going on with the dollar!!!!!
As have I but not sure how you are convincing them because everyone I talk with is like some kind of crackhead addicted to the dollar. They literally refuse to believe. The problem is that they know no other way
Great documentary and advice !
when u realize that this documentary was done at least 10 years ago when national us debt was around 12 - 14 trillion. now it is 34+ T and the inflation and interest rates are a much higher... it is human nature to dismiss possibilities of the occurrence of certain events if they haven't happened somewhere in their lifetime...
Exactly. This thing is gonna blow any minute.
Our government ĥas finally spent us into a socìalist,..communist system that we cannot go from.The billionaires own it and bureaucrats run it.Ohwell it could be worse and eventually will be?😅it ❤
This shit is fucking terrifying
This is one of the best things I have ever watched on the internet. Thank for creating this masterpiece!
You will be surprised that all it was is a selling pitch to get suckers to purchase gold. If this is the best, I feel for you.
Very nicely put together and easy to understand.
The solutions it proposes are off.
Countries arent going to go back to gold when the US govt owes them so much and isnt going to give it to them.
So theyll switch to something else, likely a CBDC.
Eventually all govts will have to. The people can opt out with bitcoin. Its going to be hard to supress the price of that without acutally sending it.
I just don't believe many people even understand this world we now live in today. And it's because they've not paid any attention to anything that we've all been watching for the last 25 years.
We see so many debates over so many of these various geopolitical issues today, but we still don’t see anybody asking what this is all really about? Or even asking why this is all happening? Today, it seems that nobody wants to know, let alone try to work it out, (to then understand it). Only, when we just look at everything we’ve all seen over at least these last 25 years? Surely we all must understand at least a part of it?
Only it seems it's the truth, that nobody wants to hear, and that's understandable, yet they'll also deny anything that can explain all of this, and deny it, without being able to offer up anything themselves, as I'll explain. When really looking at the big picture and the cause for this, could it actually be, that all we've been watching over these last 25 years, is the US carrying out a plan they’ve put in place, knowing their economy had to collapse? Could it be, the US has known for many years now, that the only way they can avoid complete collapse, would be to force in a "single world currency"? No, why not?
The US has known for many years now, their economy had to collapse, (and I believe, they’ve actually planned for it). And everything else points to it. The effect of them doing so, would see the US, overnight, become completely debt free, this explains their endless massive military overspending, it also explains China being allowed to hold so much US debt with so many US government bonds - (US debt of about $1.4 trillion). And it would see the US achieve full global financial & military control, (a very nice achievement, some fools might argue). It would become American Tyranny, (in other words), and that's no different from Nazi tyranny. How Ironic!
The US dollar is the world’s reserve currency, and is/was used by many countries to sell/purchase their oil/gas/energy etc, meaning billions of dollars are kept by those countries for their energy purchasing. What that allowed the USA to do, was to print billions of US currency, without ever-showing the real rate of inflation that would always arise from such massive currency printing, but because so much US currency sits in bank vaults all over the world those dollars would/should never find their way into the actual US economy, (meaning the USA could hold their rate of inflation well below the rate It always should have been).
The problem today, is, that many countries are now buying and selling their energy in other currencies, and they'll all need to dump/exchange all those dollars they’ve held for so many years, with the currency they’re going to use. When those dollars filter into the main US economy, the inflation will explode (as It can’t be hidden any more). Without a single world currency, it will see hyperinflation, with the price of a loaf of bread, (for example), skyrocketing to well over $10, Collapsing the US as we’ve never seen before, the US will be left in enormous debt for hundreds of years to come, yet with no way of creating any more debt. It will all be over. And that will see a break-up of the Union, and a complete separation of the states, much like we saw with the collapse of the USSR.
This is why we’re seeing this attempt to drag Russia and China into a war, as I'll explain. The US can't force in a single world currency, with both Russia and China's nuclear threats saying get lost, so, to avoid complete collapse, sees the USA, today, needing to remove those nuclear threats, (to then force in a single world currency), or it's soon going to be, all over, and the USA will collapse just like the USSR.
They nearly had it done with the collapse of the USSR, (what an unexpected bonus that was), it meant they could do it, without war! Only they messed that right up because they took their eye off one man, - Putin. After the collapse of the USSR, the CIA were bribing Yeltsin throughout the 1990s, they created pro USA oligarchs, by selling off Russian resources in illegally set up and corrupt CIA led auctions, they took it so far many Russians were starving to death, and it ended with the US really believing that Russia couldn’t ever become a threat to them again. They kept Russia in a state of pandemonium through Yeltsin’s reign, believing they had sealed Russia’s fate to the toilet.
When Putin came to power, the US could not work him out, but when they invaded Iraq, and Putin, (craftily as it bought him time), did not veto them, they believed they still had Russia under their control, and Putin was just a pushover like Yeltsin. - History will come to see Putin’s tactic of not vetoing the Iraq invasion, as a brilliant geopolitical move, and as “world changing”, as he completely fooled the US not to bother looking at Russia as any sort of potential threat, (and that really damaged their plans).
As while the US were invading countries around the world, (with no one to stop them). Putin had quietly begun creating Russia an extremely effective military defence, and he'd upgraded all Russian weaponry to a level able to hold its own, if not beat, any nation on the planet. The US, blind to this, carried on, as they used NATO to murder Gaddafi, and as they kept Iraq destabilized, (by transferring hundreds of well known terrorist commanders, into Iraq from Guantánamo Bay), to help keep it in chaos over the next decade.
They then set their sights on Syria, and were preparing for a ground invasion (as with Iraq), when out of the blue Putin vetoed that action, stopping them dead in their tracks.- The US then took a much closer look at Russia, when the US understood how they’d misread Putin, they then set out to demonize him throughout the entire world, but it still left the USA unable to use ground troops in Syria.
In Ukraine, the US were at first all upbeat about Yanukovych winning the Presidency of Ukraine, because he’d shown an interest in joining the EU, and it was only when he saw the EU had added clauses he was unaware of, did he then refuse to sign to the EU, but instead, he asked Russia for a loan, and stated he was trying to work on a closer relationship with Russia, then all of this kicked off. And we're still seeing the results today. But it really is just another thing that does show Russia just how desperate the US is to force this all into a war.
In Syria, the US decided to use proxy’s in the form of terrorists, they recruited, trained, armed, paid and then sent those terrorists into Syria, and they murdered people in the streets, they took over towns and cities across Syria with murder and butchery. It was all done long before we saw ISIS cross into Syria from Iraq.
This is all about the USA’s attempt to force in a single world currency, and with NATO’s really treacherous and pathetic stance in all of this, it seems that if the US $ collapses then so does the Euro. Things have dramatically changed over these last 25 years, and they've changed to such an extent, that it sees us, today, becoming exactly what we fought the second world war to prevent. That’s the bottom line of what we’re all really facing.
Putin knows all he needs is time, he knows he must avoid getting into a war with the USA, but never lay down to them, he knows that sooner rather than later it’s all got to start to collapse, so he’ll avoid war and let them crumble. After all, Russia had to start again, and they didn’t force it to war, (after getting an agreement that NATO would never encroach further towards Russia, they allowed it all to collapse). But the US know that’s what he’s doing, so we’ve seen them provoke and provoke Russia, they’ve non-stop encroached further and further towards Russia’s borders, using NATO’s ridiculous excuse of protecting the Baltic’s from Russian aggression.
We’ve witnessed Putin, four times, seriously, and clearly warn them to stop this nonsense, and the US have purposely ignored him every time, because they don’t want compromise, they don’t want talks, and they don’t want peace, no, they must have war (to remove Russia’s nuclear threat), force in a single world currency, or they’re finished, and they will collapse. And collapse to the extent it will see a break-up of the Union and a separation of the States.
This is what no one wants to admit. Yet, you only need to understand, that for all Western governments, and the mainstream media, to be following the same scripted lies? (unprecedented in history), we simply must know the reason is huge! It is! - After reading this, you can go back and look at everything that has happened leading up to now?, and you’ll now understand all of it. Things that made no sense at the time, and things you never really understood, now become very clear, and it becomes obvious exactly what the US are really doing, and you’ll now know WHY they're doing this.
Only then?, well then, you’ll also realize the US will never stop, because they can’t, or they’re bankrupt to the point of complete collapse. This is what's facing us all, right now, as we speak. I mean, anyone, please do tell me I'm wrong? I'd love to be wrong! Only the problem you have now, is, you actually can't tell me I'm wrong, because this makes much more sense than anything you've ever heard coming from any of our criminal governments! But now, doesn't the whole picture become as clear as day?
i came to very similar conclusions myself following various sources and events.
it does make a whole lot of sense and you have done a very good job compiling the history of the last 40+ years.
what i find very interesting is Putin's veto on the Iraq invasion. I did not know that and If what you speculate is indeed true then it is an ingenious trap.
My wake up call was the reaction of Europe's leadership to the Ukrainian situation when Putin finally invaded. I simply could not wrap my head around the fact that they went along with US's schemes and couldn't decouple themselves from a policy that was clearly destructive to the continent.
I can only arrive to the fact that they, European Governments or ruling class or whatever, have invested so much in the American system that they have to take this gamble with them in hope of the slight chance that it succeeds because otherwise they are both fucked. Europe loses either way, i don 't see anything good coming out of this mess we are in.
Now what is left to be seen is how far those idiots are willing to push it, because given how Ukraine appears to be on its last leg and Saudis and Iran joined Brics meaning no more adventuring in the middle east, i don't think Americans have it in them to accept defeat and back off and it is only a matter of seconds for something really stupid to happen.
The USA and Canadian government keep ppl dumb with drugs and marijuana
Unfortunately most ppl can't see what you see. They're too busy with simple things, survival and self gratifications of porn, phone, movies and drugs 😅
100% agree
I have learn so much form the presentation. Thank you so very much.
We all know it will happen, but nobody knows when ... that's the blessing!
What when??
The collapse of the government? The dollar? Ww3?
In those orders and 2 years apart. 😂😂
Very inspiring and informative ! thank you.
6:10 Gold convertibility was suspended only as a TEMPORARY measure . Has everyone forgot it ?
Just typical rhetoric
nothing lasts forever! not even the usa or the usa dollar!
I am fortunate I made productive decisions about my finances that changed my life forever. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire next year at 50 if things keep going smoothly for me.
You're really doing well for yourself, I'm 46 and my financiaI life is in a mess. Any great tips would really go a long way in shaping my life.
Always put your finances in good care to ensure Income rises. Wealthy people always acquire riches cause they seek the aid of finance-pro(s) to make their goals possible.
Better growth in finance is assured by varying into exclusive packages with the aid of my finance-pro. and has changed my life ever since.
sear ch the fuII name below, lf you care.
Rebecca Martin Watson
I feel so much better knowing the process that created the problem economically. Remarkably beautiful craftsmanship of truthfulness and logic.
Russia is gonna trigger A Global Depression on November 7th 2024 by an E.m.p upon America killing also almost the entire population of America by the end of 2025.
But before that watch #7November 2023; the de@th of American president(B!den) for the confirmation of that.
Sarcasm at it's finest
Eleven years ago, when this was made, they had no idea that what comes after FIAT is Central Bank Digital Currencies. CBDC's are the gateway to a dystopian future with forms of Social Credit Score systems controlling what you can and can't do. My own Government Treasurer has said we will be fully compliant with CBDC's by 2028-30.
Yes. Exactly. They are basically ready to roll out. They let bitcoin flourish to see how it would behave and how people would respond.
Their next "trick"...
People are not victims of the system, they are accomplices.
@@raoulhery And when everyone realizes that, their smartest option will be to Opt out!
You're with a very smart man
This video explained so many things in a way that I could understand. Thanks!
No it didnt. Its a promotion to sell gold with no mention of reputable dealers; is gold in your hands before you give away your savings?? do you pay taxes while gold in your posession? taxes on gains when cashed? Never as simple as it looks
I understood them also. But I know enough about modern economics to know most of it is pure unadulterated bullshit put together to sell gold to suckers. All the problems that we face today are due to the Neoliberal ideology that Ronald Reagan introduced and we have been under ever since. Since then American productivity has grown exponentially while wages have remained stagnant. The presenters take thease problems that we can all see and blame it on the Fiat system, which is bullshit. Where have the strong unions that use to control high wages, gone.
@@LoverOFhopeANDcompassion Yes It's not as simple as it looks...but It's not a promotion video of gold sell...
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
UNSUSTAINABLE!! But just like an addict does not choose to get clean until they hit the rock bottom, our addiction to our fiat system will be no different. There will have to be a catastrophic economic event before we go back to the reality of a precious metal-based monetary system. We older folks are just hoping we can make it to the end of our life (retirement) before the collapse.
[I read somewhere that] Ancient Rome began using pure gold coins as currency. At some point they added in base metal, more and more. By the time they were finished the gold content became so minuscule that the State refused to accept the coins as payment for taxes.
History repeats itself over and over again.
Yes, and once the top leadership had stopped taking the currency as payment. Their banks and holders of currency, then this then has a dominoe effect for the the ability to trade of say the farmers. Who weren't even aware for periods of time until he couldn't sell his crops that nobody wanted to buy or things fell into chaos and looters swayed the lands going unchecked by an infect power backed by an armed forces.
It appears that we might do well to learn self reliance skills. The more we know how to take care of ourselves adequately without resorting to the use of this artificial means to do so, the more better off we will be.
Funny how Muammar Gaddafi tried to make a gold backed African Dinar to be Africas one currency but for some odd reason Gaddafi had to go.
Stop noticing things 😅
He was a bad man, just like Sadam, who wanted to use the EURO instead of the US$ /s
Work hard, balance life, live well. Stop focusing on jealous pursuits!
“Dollar has been choose as main reserve currency because back then it was good as gold” - Here is main mistake! I hope BRICS will fix it.
Brics is the Snake oil of the Global financial world.
We can't. We just have to live with ourselves
I'd like to add: The real backing of a currency is the natural resources and the abilities of people.
Nah real backing is force. Everything in the world is decided through holding a biggest wall of loaded guns in the room. All the politics are only done between the strong people. If you're weak, you do not get anything. Power corrupts, unfortunately
the cash you holding is a bet to have that in the future.
circular ponzi scheme. lol
No - it's whatever the product is they produce.
"it's not the source it's the function"
It's interesting that this documentary was first published in 2012... here we are 11 years later... I'm curious how many more decades this will go on for.
The situation has become a lot worse.
2020 was the clear beginning of the destruction of the middle class. so it wont continue much longer and youll soon be eating chichi beans
I wish they’d show original release dates in descriptions. I did a search on the title, as I thought Peter Schiff looked a bit younger.
if you bought gold in 2012 you'd be rich now!
Damn, its so fitting to what were seeing now.. which was largely made worse by Dems & the current administration.
I could've sworn this was recently made😅
36:15 Brilliant metaphor: "Everybody has tethered their ships to the Titanic of currencies, and so we're all going to go down."
The best way to create money (which to me is just a receipt to confirm I have an X amount of dollars or purchase power) is for government to inform the people how to acquire a huge sum. One way is for government to contract the citizenry to produce lumber or timbre or expensive wood (which they can grow themselves with the help of tree nurseries). This strategic "agricultural product" is bought spot cash through a signed contract and buying agency of the Federal government. Believe me....each tree is like a gold bar that government can store (for the money standard that gold and silver was before 1971) or "sell" to a private company or overseas enterprise that need it for thier manufacturing projects (or construction projects). Sandalwood for example a fragrant tree is used for manufacturing soaps or perfumes... This woods or trees are very good "agricultural businesses" to engage in.... It's like making gold bars these tree farming systems...
You still believe in the santa klaus
Very depressing and realistic. Criminals never win, except in the USA.
Theres no rest for the wicked, said YAH
@@Matt_OSKorea too sadly
AS adalah penjahat dunia😂😂😂
Other countries trusted the US. In the future there will be no trust. only verification.
More anti American rhetoric. Criminals enjoy global success throughout all of history.
Gold, gold, gold. Everyone says gold. High demand means inflated price. Gold needs protected storage which costs money. I’ll stick with dollar bills to the end.
Real money, Gold and Silver. 💯
Very informative, thank you.
Gold, Silver, Real Estate, & Crypto baby!
Crypto is a scam,besides all others are correct!
Printing money doesn't help ordinary people, it just increases the price of everything and reduces the buying power of your money.
Fantastic documentary!
Thank for good documentary, we (Indians) have traditional method of saving more gold(real money) in their family,so we will get protect from crisis.
Their 20-30% savings will go to physical gold investment, than any other fake investment (stock,Mutual funds scheme).
Investing in stocks is stupid
Last time this documentary came out, gold price hit peak euphoria before plummeting. Gold will eventually be a great investment when the dollar collapses, but watch out when this video pops out again and gold is currently near all time highs
They talk about the $800M bailout in 2008 and say...can we someday have a $2 trillion dollar bailout??.....um how about a $5 Trillion dollar bailout in 2021 alone.
not having kids is the best decision i did in my life! i will soon be dead and nothing to worry when this explodes!
Wow amazing
Yup! Me too.
@@AnthonyTolhurst-dw1nc, those days of having lots of kids and those kids being successful is already gone! That group in Canada was right! No Future No Children!
He who is not human departs from him who is human🤣🤣