Title | : | The REAL History of Money |
Lasting | : | 12.10 |
Date of publication | : | |
Views | : | 63 rb |
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Support the channel on Patreon: wwwpatreoncom/OneDime
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brSubscribing, clicking the bell, liking, and commenting also helps! Comment from : @1Dimee |
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7:26 this hit me hard Comment from : @paveljadevic7351 |
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I've never had money so I guess I am at the beginning of this story Xman Comment from : @TravisCotter |
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We would probably be a Stage 1 Civilization by now if we didn’t introduce this into Humanity 🤦♂️ Comment from : @CryptoMiningTurtle |
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I think we'd be better off abandoning the invention of money just because of how many problems it causes Comment from : @Charles-lane277 |
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🧠 "Your channel is a treasure trove of information! I'm learning so much! 📚💎" Comment from : @poisonmistymoon3966 |
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I take my hat off to you You are a genius Chickens invented money A big round of applause for you Comment from : @karlisurks |
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2:25 The Aztec empire was as close to a barter economy ever came Their currency was cacao beans, which is technically produce, but, those beans weren’t eaten Also, they had copper pieces which were equivalent to around 10,000 cacao bean, further proving the point that their economy wasn’t really about bartering either The cacao beans were seen as dollars are today, if you show a dollar bill to someone from 300 years ago they’ll think it’s simply a piece of paper Comment from : @cerberus3426 |
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If it is not gold or silver it is not money Comment from : @johnhumphrey9953 |
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You explained barter as the evidence that no barter existing is hilarious Any form of exchange is barter The details are in the negotiation(Contract /accounting) Private vs public agreement -Great presentation though Comment from : @YahwayorNoway |
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What if someone invented money so he can acquire golds in exchange of just a piece of paper? As we know money loses its value by inflation compared to golds that decrease value but never that much Comment from : @titserleo7874 |
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THE REAL HISTORY OF MONEY CHANGES 🎰 2025🙏♥️🕊️ Comment from : @RaulZamora-dm1es |
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No evidence that Barter could be the start of a more complex Economy using things to Exchange? You all should go check THE RED PAPER CLIP, he proves that barter is a real thing and is easier to understand Comment from : @jmlothar8780 |
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Excellent!! Comment from : @mattgilbert7347 |
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Money is what corrupt the world around Comment from : @vitonanocchio144 |
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Great content man! Comment from : @eroceanos |
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Thank You for the facts :) Comment from : @sydneyanderson1878 |
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I wonder which state authority mandated that cigarettes be used as medium of exchange between inmates in prisons Comment from : @rutessian |
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Bartering might never have been an official government or socially recognised method of trading, but, I guarantee 100 that bartering has taken place at a local level, one to one for a long timebrI have bartered my time and skills in return for the same in value from another person Comment from : @BiblesBrother |
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Trust matters Comment from : @ryanweaver962 |
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Currencies and currency Comment from : @ryanweaver962 |
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I think it's barter if possible if not go to your nearest tree write your name on the bark and draw what object is owed and the other persons name Comment from : @Javier99999 |
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kamiina who is that devil Comment from : @DivineMiracle-z2v |
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I'll give you the short answerJ's invited money Comment from : @TheOwlCreek |
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Especially workinglike work or job has rules and some people fell to earn a keep or be rich But say all that fuck this country 😡😅 Comment from : @CyrusSaunders-r6p |
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Yo this video was helpful and learning but let me tell y'all something about money I hate money or earnings sometimes because it's not far and it has rules 😡😔 Comment from : @CyrusSaunders-r6p |
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I disagree You skip over the topic of natural money such as seashells, which do not need state approval Max Weber, in iEconomy and Society/i , distinguishes between the medium of exchange and the medium in which taxes are paid Also, taxes were often paid "in kind", ie, without money Comment from : @wynshiphillier313 |
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So everything is based on the mental narrative of the illusion of the collective mind, in this complicated mental network around the globe that impacts every single living thing, and creates such a thing we call reality ? 😂 and the ceo of this is the so called GOD ? He must be hidden from hes truth Comment from : @OctavioSainzO |
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They want barter to be real so they can gain without thinking about at what cost to others Comment from : @kehea8674 |
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Comment Comment from : @iancarrey4123 |
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Wait, are you saying that just because the earliest known example of writing had to do with debt, all of writing was invented for that specific reason? seems sus Comment from : @jimmypickles1123 |
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Money is just an abstract concept crrated by is humans It probobly stems from our inherit desire or tendency to be reearded and get something in return for doing stuff Comment from : @theintrovertedaspie9095 |
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Most societies before civilisation were gift economies and primitive communist societies, once society transitioned into vertical hierarchical societies, it necessitated various forms of money as an accounting toolbrbrIt’s quite simple, really Comment from : @yourneighbourino424 |
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It was handed down by God is my favorite myth Comment from : @Parsons4Geist |
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We have come full circle Comment from : @stevinhenrichs6146 |
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Ugh my cousin tried debating me with this "post modern" Marxist nonsense Bunch of self important fart smellingbrbrIt would take a novel to write down all the false "logic" and contradictions in this video Comment from : @DillonCarbajal |
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Well this was 99 percent correct- pre state indigenous societies also used money to account for personal debts - often settled long after the debt was accrued Their money might have been in the form of certain shells, cocoa, cattle, or even slaves Comment from : @shaunsky-m1r |
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Wow great explanation❤❤❤ Comment from : @HistoryOfMoney247 |
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But why create money in the first place everything in the world was already ours everyone should’ve had what the needed idk ig we are just very selfish and didn’t want others to have certain things rather for them to earn it instead Comment from : @dblessed6789 |
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People should spend their day making and doing what they need in their life without the barrier of exchange Comment from : @mattk5161 |
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so what about when different cultures met, how do u suggest they traded? until actual evidence is found the most logical is the most truthful Comment from : @chiyembekezomaunjiri3278 |
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👍🏾 thanks Comment from : @AfricaMalikMbuga |
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There is no need for a state to back up money through taxation, and money absolutely can appear horizontally without any coordination: Bitcoin Comment from : @salesss |
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you're WRONG, that's the exact definition politicians want you to have about money Comment from : @mayitogonzales748 |
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the tax doesn't validate money,beaurocrats, want to tax any currency gets validated by society(market) Comment from : @mayitogonzales748 |
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Wtf u heard of maritime law? listen carefuly:-curent see! Comment from : @Die-sel13136 |
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"I'll give you ten chickens for that cow"br"Wait I don't need any chickens but lets say these 3 bits of shiny rock I found are each iworth/i ten chickens " Comment from : @BastardOfTheNorth |
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This is not a short video Comment from : @Me-m1ne |
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Thank you at long last a truthfull vid on money sick of seeing vids lying about bartering etc it was invented for power ie you can’t pay your rent I will take your daughter instead Comment from : @duncanemery4303 |
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thanks very educational Comment from : @kyarailumi |
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😵💫😵💫😵💫Mind - Gobbling 😵💫😵💫😵💫 Comment from : @aadityasharma4183 |
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This video is a little disappointing The basis of our monetary system is fractional reserve banking That "fraction" coming from when people used to hold gold for others, issuing certificates for gold exchange, without moving the gold When these gold keepers discovered they could issue more certificats than the gold they had on hand, Fractional Reserve banking was created The big new news about fractional reserve banking, is that two years ago, the required fraction fell to zero percent, no fraction at all required That should have made headlines in every news broadcast on earth But it didn't This topic deserves more discussion Comment from : @MrDayinthepark |
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This was unsatisfyingeverything you know is a LIE The truth is that we don't KNOW Okaywhat do I do with that information Comment from : @Gameguy102 |
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This video completely ignores the history of money which is well documented, and constantly discreetly slams anyone who is remotely right wing in thinking Therefore a video made by a leftist with an agenda Comment from : @Len_J_ |
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Apparently you never heard of the fur trade Or the vast expanses of land purchased from Native Americans These as well as many other exchanges between individuals with no, or incompatible currencies, are examples of the bartering you claim didn't exist You may want to sign up and complete a course on history and economics Comment from : @Dan-oi3xt |
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I came into this playlist with a "taxation is theft"-mindset - Now three videos in, I'm coming away so far with a "taxation is theft and slavery to the government"-mindset Comment from : @nsg_kuunda4786 |
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do not use so high volume in your videos focusing is so hard in this ambitious not use riddiculius musics Comment from : @Scott-f2g |
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How did gold become a form a money for the whole world though out time? Which State's taxes caused it to have that value? Comment from : @09lonedrone |
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Can't believe humans never used a barter system It seems impossible that wasn't so Even as a child, I bartered stuff With no access to money, how to exchange goods? Comment from : @alphaomega1089 |
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I’ll posit that Fiat Money is based on the Military Industrial Complex’s ability to back it up Comment from : @dewiz9596 |
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Sorry, your stance is unconvincing You express the difficulties of barter and explain the reasons why money would have replaced it, but state that it's nonsense, while at the same time your own answer to how money was developed is literally, "I don't know, the government probably" You're challenging the old narrative but not offering any rational replacement You're demanding anthropological evidence on one side, but just fine with taking assumptions that support your own stance It's bias at a minimum, and by your own admition, it offers no replacement Comment from : @lukekent9386 |
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Humans think they are so smart Me hide guns and chunks of shiny metal in cave, you scratch lines on rock for every hour of your labor SHTF world goes boom Person with hours of labor scratched on rock will have nothing to trade with, person with guns and shiny metal will Comment from : @russelllynchmusic8627 |
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The idea that markets cant exist with states is pretty nonsensical Black markets are inherently markets that exists without states Comment from : @NotraNaum |
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so "accounting" is the oldest profession not prostitution Comment from : @FormsInSpace |
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Common Property Practiced Prior to Money Comment from : @kentheengineer592 |
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1:32 nope That's the easy part Comment from : @kentheengineer592 |
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One only needs to look at one state's history for an example of a barter economy: Hawai'i before colonization, under its Ahupuaʻa systembrEurocentric, racist "intellectuals" always overlook non-Western & non-white economic systems Comment from : @dennishaty899 |
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I recognize Ukrainian hrivnas ^-^ Comment from : @mykytaivanov3765 |
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We need to look into the oranges of all this Comment from : @SandhillCrane42 |
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Barter story is not false dude Just go back to hunter gatherers, either you get food or you die Barter comes later, in small groups or cities, has a beginning of commodities We don't let each other die by providing food to the less agile in exchange for some other service This would be a good video if you did not forget that Or incorporate in your logic Make bridge between times of hunting and money It is not always there like you said And music, music has always been here Comment from : @RenatoCruzTrance |
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Could money and writing both have originated as marking for “spread across time” barter transactions? Markings or tokens to represent earned provisions in early agricultural societies? Comment from : @larryjeffryes6168 |
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I noticed the "papers please" voicesbrbrJust a suggestion, call the "libertarian goldbugs" merely "right wing libertarians", in most of the world Libertarian implies what Americans call "left libertarians" It's one of America's many bastardisations of the English language Just a suggestion for people at large, that is we should shift from Americanisms to using English in its international form Comment from : @genedalefield |
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“Socially constructed” Well, perhaps that gives a clue to some fundamental issues in this video What role might bartering (a name for what?), metals considered precious, and other such elements of this story have played in the “social construction” of what we call money? Comment from : @CJ-hz1uj |
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“Socially constructed” Well, perhaps that gives a clue to some fundamental issues in this video What role might bartering (a name for what?), metals considered precious, and other such elements of this story have played in the “social construction” of what we call money? Comment from : @CJ-hz1uj |
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Elon just says much more simply that money is information Comment from : @CJ-hz1uj |
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The sea shells that were used as currencies are cowries, they don't look like the one you showed on screen lol Thanks for the video tho Comment from : @peteferguson518 |
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Imagine if everyone refused to pay taxes What value would there be? Comment from : @ShapeshifterOS |
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This is laughably wrong and the product of the schooling of Minsky MMT is cute but DOES NOT ACTUALLY WORK Minsky's theories have enjoyed some popularity, but have had little influence in mainstream economics or in central bank policy Bartering the way people think it happened is indeed not based in fact, at least you got that rightbrbrDO NOT BELIEVE THIS PROPAGANDA AS IT IS THE PRODUCT OF MARXISM MARX HAD A LOVE OF A CENTRAL BANKING HE WAS A WOLF IN SHEEPS CLOTHING DECENTRALIZE THE FINANCIAL SYSTEM USING TRUSTLESS SYSTEMS DO NOT EVER CONSOLIDATE POWER IN A SYSTEM BASED ON TRUSTING HUMANS TO DO WHAT IS RIGHT FOR THE MAJORITY THE FUTURE IS DECENTRALIZED BLOCKCHAIN IS THE WAY Comment from : @IndigoMusicStudios |
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Antropological evidence? What are you talking about? There are still exchanges in 3rd worlds villages (less and less thease days) as product for product, or labour time for labour time brAnd guess what? The most common form of B2B bartering in modern economies involves the trading of advertising rights (no money exchanged) You seriously need to chek your facts if you want to do documentaries This way you only give one sided opinion, that is strongly feeding on creators bias Comment from : @borchelsijles8064 |
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It is interesting, I am a follower of your channel but in the last about half a year no any new video of yours popped up on my youtube home page, only this morning the newest one… Comment from : @zoltannagy394 |
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Great video Learned a lot, thanks! Comment from : @Gumitto |
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It's odd that capitalists have convinced everyone of the myth of infinite growth, but no one will believe in infinite supply Comment from : @heaththeemissary3824 |
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