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Fiat Money, explained

paddy hirsch 351 views

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"Over a 100 year period, paper money loses 99 of it's value/worth" Therefore, "saving" is a fools errand so
Comment from : @cervelo9465

The biggest mistake in the human history
Comment from : @hindmusaed

Better indicator of inflation is the total currency Government prefers currency in circulation, because amount of money the print can be hidden in bonds and alikes instead of affecting prices of goods in the store Eventually the people pay the price nevertheless
Comment from : @TomasPruzina-uw9ql

I am the currency
Comment from : @RyanA-b6d

well well well
Comment from : @karifjr

I’m here because of Andrew Tate, fiat Currency started the Matrix
Comment from : @DavidDiaz-vn8eb

The Matrix…
Comment from : @-VoHaiThuy-a

I've read in Venezuela that, because of their now Communist controlled government destroying their currency, that a single ounce of Silver ( like say a US Silver Eagle or a Canadian Silver Maple Leaf) will buy enough basic food stuffs to FEED A FAMILY OF FOUR for an entire month !!!!brAnd THAT is what our own idiots in DC have planned for us here in America
Comment from : @robinj9329

Bitcoin solves this
Comment from : @MrParadiseMan

globalist praising fiat, trashy economicsbrbrwe need commodities backed currency and the US should not being cranking out cash willy nilly
Comment from : @CocoKoi321

Inflation in rich western countries is normally related to energy prices , especially Europe / Uk
Comment from : @madontherun

Making it sound like if the US Treasury made one single $35 trillion dollar note and gave it to the privately owned Federal Reserve Bank and paid off the debt that would be it let's do it brOf course we would create a new currency just after
Comment from : @ericwolf9482

"Allah condemns exploitation, and He blesses charities Allah does not love any disbelieving sinner" brQuran 2:276 brWith Islam no inflation and no poverty
Comment from : @sufianaldib9469

Its already happening, inflation is at least 3 per month
Comment from : @stratcaptain66

Yo
Comment from : @hbtechgamerz9852

Andrew tate
Comment from : @LoveTheUmmah822

2024 inflation in a nutshell
Comment from : @ohSwizZzle

Greatly explained
Comment from : @chinastudies6345

Liked, subscribed and shared best compliment I can give
Comment from : @ddbb6618

and desaster will come soon 😅
Comment from : @crabmudd9

thank you so much!
Comment from : @summerfinn2300

Fiat provides security gold is inflationary
Comment from : @harrybaulz666

Isn't printing money without a commodity to back it up money laudering and a crime?
Comment from : @Elovess

What comes after Fiat Currency? Duh! 666 and the computer chip Only one life will soon be passed only what's done for Christ will last Eternity is a long time to be wrong
Comment from : @keithharmon7124

Imagine working so you can earn a money whose value can be taken by another man simply by increasing its supply brYep, cuckbucksbr--Saifedean Ammous, 2021
Comment from : @sebrock

let them eat cake
Comment from : @kennyedwardscrucible

$31 Trillion 2023 😐
Comment from : @JohnRambo-nv9vn

Its time to chase gold and silver! The currency is going to turn into toilet paper
Comment from : @haziq0007

Very well done, simple but all you need to know
Comment from : @EricaBeall

This video aged very well
Comment from : @liquid_shadow8690

Fiat is mainly based on trade partners, military/civilian assets, property, gold and oil Never take handouts from the government Especially don’t get mad at the gov when they increase interest rates because you chose to take the easy way Doing dead end jobs, for low pay is a blessing in disguise You not working is enabling goal driven immigrants who I hope you don’t hate to steal our jobs pushing homegrowns out of the entire picture If Canada or the states digitalizes money and cash no longer exists, all crime money will either flood to gold, or other assets and it will most likely affect our currency in a bad way as a flood of old laundered money floods back into circulation Our governments are litteraly doing everything they can to keep people happy without thinking of repercussions and you need to be able to see these things It’s bad that we now think gas is low in Alberta at 130… I remember when kenney got rid of carbon tax it was around 69 cents for almost 2 days I’ll bet the carbon tax and pst/gst in bc alone for transmountain was around the cost of initial projected cost of 7 billion dollars… but the government is still able to provide dental plans for people who have never been able to afford that luxury I don’t know what to think of pollievere and I sure don’t like Trudeau but I know I could run this country pretty well if given the chance If you choose to be minimalist just know that you are effectively taking away money from the global economy and our trade partners as most nations are built on a capitalist/disposable economy We need to litteraly transform our entire way of life from oil and gas to nuclear fusion solar and wind, better hydro for this new utopia automated life to work I can see the labour force being done by robots controlled from the comfort of your home or beach by humans AI is great and can easily be regulated with hoards of programmers Oh and our infrastructure will rapidly start failing just like a miled out gmc Best wishes to everyone and be kind, keep your head up and nod your head to everyone you see that shares the same land as you and pay it forward We need to unite as nations to be ready to fight back when the bullies want your lunch money If you want badass kids that are born leaders, introduce them to extreme sports and get them working part time as soon as legally allowed Always remember most jobs stand for Just Over Broke Let them embrace the suck and figure out ways to make even more money
Comment from : @jaycezeniuk2506

"Its not gonna be as volitile as in the past"brHahahaha aaaaaaaah!
Comment from : @ryan17920

He just explained how America fcked up
Comment from : @miguelocasio3056

Paper money not backed up by gold is fake
Comment from : @jesusacantos

>It's great news for us, because now that the currency isn't backed by a commodity, it means it's not going to be so volatilebrYeah, it's only gonna go down hill
Comment from : @MarioKL

And who decides how many dollars the gov’t prints? Central Banks is the answer
Comment from : @SaltyInKY1

Carwise, 'Fix It Again Tony'
Comment from : @tomneila8496

Thanks a lot
Comment from : @digvijaysingh6882

lol its good for us, OOF
Comment from : @puknut

To fund a teRoristic war America father of Ter0eist
Comment from : @intergalacticfederation431

This video is even more relevant in 2022
Comment from : @nerdly44

Fast forward 2022 yup
Comment from : @ayandagwala62

Very good
Comment from : @mdjubaidahamed9277

Who's watching this in 2022 while stacking gold and silver? hahahahaha
Comment from : @DarkKnightofThrones

so basically the problem isnt fiat money but the morons who keep printing money to deal with inflation
Comment from : @colej7973

watching this in June 2022 Aged well!
Comment from : @mrrabbit3088

US in like 1 month from now
Comment from : @BambookasPlays

Watching from 2022
Comment from : @keb777

"Nixon and LBJ will go down into history as scum of the earth" br One as a thief and the other as a murderer
Comment from : @rickjensen2833

The cotton in the one hundred dollar bill is already being replaced with that blue strip its plastic brThere goes our money
Comment from : @todopoderoso5490

it is backed by government how we can just believe any government? they can just devalue it any time just like that so saving in fiat money is uncertain as F
Comment from : @CristianoBinRonaldo

Jesus Christ backs my dollars that means Christ will always keep my cup overflowing regardless of what the Godless Fed does
Comment from : @anthonyenos2643

Soooooo he is saying blow up any money printers, ok
Comment from : @alexandarvoncarsteinzarovi3723

" quantitative easing " a euphemism for " rape & pillage " people will soon learn
Comment from : @Hilux244

Is FIAT another word for Cash?
Comment from : @KeninBoulder

The Ponzi scheme is up America!! Flush your printed toilet paper down the toilet
Comment from : @cboakye6980

So I guess I won't be buying a Fiat anytime soon Probably for the best
Comment from : @ADAPTATION7

My issue with gold is, outside of its shininess, what use does it have in the larger world? Is it just its rarity? Because there are other metals that are far more useful to human construction
Comment from : @childeharold3550

fiat is sponzijust like cryptos
Comment from : @overthetop4247

He did not explain FiatWhat replaced the value of Gold was You a Human being with a SS number in the stock market
Comment from : @AmunRa2024

Why do goods and services have to get scarce? Because not enough money may be earned from them to sustain factories and companies?
Comment from : @Medietos

It's just moneybrAntiquated notions about value make interesting propaganda - interestingbrNot useful in today's economic realitybrDestructive, in fact
Comment from : @Christopher_Bachm

Happy Trails
Comment from : @richardwich3492

he jus explained it like a boss
Comment from : @ericjonath1248

Hyper inflatTion has happenedbrDigital currency won't be far
Comment from : @rayban5737

Not only USA 99 of the country's in this worldhold fiat currency
Comment from : @marcibonilla4963

There are more people in the world working and providing those goods and services; could it be something as other than 'inflation' that is devaluing the dollar? Gold is abundant on the planet, just like diamonds Something is amiss here?
Comment from : @angelearth8006

This hasn't aged well Fiat is no Bueno for private class
Comment from : @brad349miller

Fiat never meant anything about cars to me Meant worthless
Comment from : @brad349miller

America is not collapsing, America has already collapsed
Comment from : @Hilux244

Soon a wheelbarrow full of cash will not buy a loaf of bread in America
Comment from : @Hilux244

Hi from 2021
Comment from : @YoeBlog

I'm not sure what the problem is We've agreed to print fiat money (though our government and central banks) and use it to make payments, and it works pretty well - except for Venezuela, Mobutu's Congo, and the Weimar Republic But you do need an independent central bank with credibility Gold is too volatile and speculative to be money
Comment from : @roberthannah7983

It's not sustainable
Comment from : @Dbulkss

#Bitcoin
Comment from : @Shizomis

Most currancy is abstract today Most retail transations are plastic The whole overprinting of money and hyperinflation thing is archaic noncencebrbrHyperinflation was NEVER caused by overprinting currancy Hyperinflation is caused by national economies are placed under siege by superpowers, creating a shortage of staple goods The overprinting money thing is part of the effect of economic 'containment'
Comment from : @wiretamer5710

For a look at a world that uses real, commodity money [ie, gold and silver coin], check out my new novella, which takes a peek at the world in the year 2121 It is titled "WHAT WORLD IS THIS? A Tale of Hope for a World Mired in Debt and Delusion" -- Diana McGinnis
Comment from : @dianamcginnis8694

Good explanation Lucky I don't live in USA
Comment from : @horaciodedona3912

you are so good at explaining things!
Comment from : @maryallisonmusic615

great video!
Comment from : @maryallisonmusic615

Thieves
Comment from : @charlesrobinson8143

Nice vid thanks for sharing Did Templars introduce fiat money from China to Europe at the pilgrimages age?
Comment from : @chuchichaschtli894

You're all here for @1:45 and the marker throw is all of us now
Comment from : @buckleup8962

It's interesting how terms can change and are left unexplored depending on who is explaining them Cui bono?
Comment from : @kaalmansur

Inflation and variation are for currencies which have no intrinsic value Gold & Silver or any lasting commodities have its intrinsic value Hence No inflation and variation Fiat currency is created to rule the world creating a modern day slavery (virtual slavery)… So bad to humanity!
Comment from : @sajilkmohd

Hold on if they can just print all the money they want not being backed my gold why shouldn't I be able to do the same thing Ppl working at the Federal reserves let me work there I need a nice house and some vacations
Comment from : @hayleejane777