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The History of Paper Money - Lies - Extra History

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In the USA wasn't the first "paper money" Representative currency? brIe didn't it (like a "Gold/Silver Certificate) represent something of ACTUAL INTRINSIC VALUE ???
Comment from : @robinj9329

What books or resources are recommended to know the whole history of money?
Comment from : @EmaRoUSA

Haha 15
Comment from : @Tabbasco2012

Well! These thoughts on inflation were correct, albeit either prophetic or aged badly
Comment from : @jaydenliberty9536

17:13 IF the FED is a lender of last resortbrHOW is it possible that the FED makes a profit?brbrI'll waitbrbr22:00 FIAT money because we all agreebrNope FIAT money is imposed by threat of imprisionmentbrIt is not a matter or "agreeing" it is a matter of violent coercionbrbr22:35brThe US agreed to protect the house of Saad militarilyas long as they sold oil in dollarsbrIs not that there is a "petro-dolar" , It was a "military-dollar"brThe US guarded the shipping lanes (Ormuz) for the crude tankers for decades And provided military umbrella to the Saudis Some dude called Saddam tried to call this as a bluff remember how that played out?brbrThe Saudis had to pay for all safety IN DOLLARS and the only way they could get dollars was by selling oil in dollarsbrThe dollar is backed in the world stage by carriers, bombers and missiles Just as the dollar is backed by guns and treasury agents inside the US FIAT money has no backing other than coercion and violence
Comment from : @ricardokowalski1579

I was wondering if this topic could be addressed: what controls inflation (the scourge of Millennials) if not gold?
Comment from : @jessicabresler2275

As I've said before, the modern Great Leader People are either running charities, and now channels like this too
Comment from : @Т1000-м1и

Bartered my brownie for a lunchables back in the late 80s
Comment from : @dereky1861

One would be most appreciative if existed 60 of these episodes There is a feeling of six simply not being enough to quench the thirst
Comment from : @princenameless

Can anyone tell me why fractional reserve banking does not result in the kind of hyperinflation you see, when countries start printing money to pay their national debt? How does fractional reserve banking inot/i cause the same devaluation feedback loop?
Comment from : @davidschaftenaar6530

Anyone know if John Law is the origin of "Johnny Law"?
Comment from : @HistorysRaven

well the money in China is now yuan
Comment from : @kyojuroregoku4028

23:10 that’s why America kill Gaddafi and Saddam Hussein
Comment from : @avus-kw2f213

One thing I don't get: in an economic system running on fiat currency, is there any meaning to banks being fractional reserve vs full reserve? That student from your example can get his loan, and by taking on the debt will be expanding the total amount of "money" by the sum of his debt So?
Comment from : @SuperEdfish

"The sweet embrace of unconsciousness"brHonestly, I love that line
Comment from : @jestermon101

Here in 2021 to report that Iran and Venezuela allow other currencies than dollars to purchase their oil; The bottom hasn't dropped out of the dollar, so we're almost certainly a fiat currency
Comment from : @wesleyhollandjr111

Thx for debunking extremists Most of these vids use inciting language like 'theft, exploitation, and conspiracy' Thanks
Comment from : @donvreeland8844

We need to end the petrodollar
Comment from : @leanderbarreto6523

Walpole walpole walpole you are like bismarck but different You always have a CAMEO
Comment from : @AlechiaTheWitch

Is that last part about the US reserve currency what Modern Monetary Theory is?
Comment from : @jackjennaway1727

I don't understand why he thinks that doing away with private fractional reserve banking would mean going back to 1 to 1 banking of prehistoric times Those who advocate against fractional reserve banking generally advocate for banking as a public service rather than a profit making institution
Comment from : @thenewtalkerguy496

is that Cthulhu behind him?
Comment from : @LoveBbyJay

Open question: will there be a time when money becomes impractical or unsustainable? Is a world like Gene Roddenberry's Star Trek Universe possible? And if so, how?
Comment from : @BichinSauce

Thank you Ron Ray-gun
Comment from : @k3ntvrhoades

is that Vana’Diel March playing in the background at the beginning?
Comment from : @thetwilightgamer

I can't believe the Federal Reserve isn't called the FRED
Comment from : @JustAGuyWhoLikesStuff

I find the idea of currency fascinating In my part of the of the world, lot of people find paying with physical money as quaint brThere have been been bold predictions that Australia will be be a cashless society by 2022 Personally I don't see this happening anytime soonbrHowever, earlier this year the government made cash transactions over $10,000 illegalbrWe live in a world quick money and cash are not mutually exclusive
Comment from : @Akkalia

Why do you need fractional reserve banking when you fiat currency???
Comment from : @williamthesling1201

Please keep in mind on all FDIC insured the federal government does in can pay up to $250000 back per account but they can take 99 years to do so just thought you'd like to know😁
Comment from : @rc3088

Plus I really like gold!😉
Comment from : @rc3088

We still should gave lots of gold You know to balance things out
Comment from : @rc3088

Love your work, love your material, big fan, blah blah blah, etc etc etc ButI'm sorrythose Nosferatu hands of yoursvery disconcerting
Comment from : @nonnobissolum

Wow that was really informative and well made Thank you
Comment from : @AustinDoggie

Anyone see Bill and Teds Excellent Adventure : ) Thx for the video!
Comment from : @e2U

You should do an episode all about the gold standard
Comment from : @dCash117

It's unfortunate when discussing the most recent financial crisis that nobody seems to be talking about fully nationalising the banks so that they become a public service instead of a for-profit ticking time bomb in the economy
Comment from : @purplesnails22

Hi from the future, the petrol is Worth less than nothing We'll see what happens with the dolar
Comment from : @facundocadaa9020

You're a very interesting person
Comment from : @ThingsAnStuff

your squeezed balls f6cking miss my head up
Comment from : @sepep6288

They probably would take everyday good in their area and trade for large amount of things that are not in the area
Comment from : @AdaptableGamersInc

Dude you don't have to cut anything Your stuff is so interesting You just go ahead and make that dang gone episode on bartering
Comment from : @brownstonecustomcabinetry5309

Exorbitant Privilege super complex concept
Comment from : @laopang91362

26:40 only russian exports are fossil fuels They're all bought exclusively with US dollars, as you explained russia is just a bad example France and Germany pays ruskies in USD for oil & gas and russians use that money to airstrike children in Syria and shell Ukraine every day Literally nobody needs roubles for anything Nobody in russia holds savings in them They're called "wooden" money for being so bad
Comment from : @KasumiRINA

The petro currency point blew my mind!! Great video series I am actually watching the whole extra history playlist whenever I find the time, and I am thoroughly enjoying it Love from India
Comment from : @rukman-sai

ProTip: When you try to go back to the Gold Standard you end up like Muammar Gaddafi
Comment from : @kevinsullivan3448

I would love to see a seires/episode on the life of Charles de gaulle
Comment from : @jacob8565

It’s a LIE!
Comment from : @EliStettner

And if you could make more captions on portugues I would be thankiful
Comment from : @lukestryce1465

Can you please make video about Napoleonic Wars
Comment from : @lukestryce1465

Cryptocurrency is the solution to fiat
Comment from : @cashflowmagi

Long distance trade doesn't necessarily mean they used some sort of money That would be necessary only if one of the merchandise was out of season, for example, and you didn't mention that So that conclusion makes sense only if they actually found evidence of this specific type of trade happening between long distance countries in that age
Comment from : @ig5651

Yall ever heard a little thing called Twitch Prime
Comment from : @Densidbeeboodooba

8:04 It's Lil' Wayne 🕶️
Comment from : @schwa6275

11: 25 Did the lawyers outnumber the bastards???
Comment from : @perrinbesch40

A little disappointed in your videos about money due to the glaring absence of the #1 key important fact that makes paper money retain "faith" in it's capacity to hold value That is TAXATION! When a government makes it punishable by long prison sentences for failure to pay your taxes, it creates a demand that everybody can agree with and thus creates the need to work for that particular paper money currency The videos have a huge bias towards private central banking which isn't surprising, but your viewers need to know there is a lot more information in particular about central banking that they really should get to know for the key question of "Why is money worth what we think it is worth?"
Comment from : @clarissadanae7370

Love your videos!! Any thoughts on Bitcoin?
Comment from : @jacobytnelson4130

OPEC oil production of extra credits
Comment from : @uhidsuhchgigysgdyhdudhdhxh9753

Wait, are you the same person who talks in the main videos? That's a lot of editing
Comment from : @Great_Olaf5

They produce Shale oil to hide their losses
Comment from : @natalkumar6132

Sitting through and listening thought this particular series helped me understand things a bit better I still find it appalling that usually profit trumps a need for the arts sciences and charity, but now I know at least that, as annoying as the current system is, it certainly sounds better than the old and that it will hopefully evolve to become less worse in the future
Comment from : @heartlessmushroom

Please do a video on the Federal Reserve!
Comment from : @deo-max9229

just because you forced everyone to trade their oil in your currency, doesn't mean that your currency is backed by oil
Comment from : @alsetalokin88

can you do a series on the history of the rothchilds' fiat currency empire, please? thank you
Comment from : @alsetalokin88

At 27:19 Foreign Purrency and you owned it like a boss Prost
Comment from : @aarongallo3545

What the hell is this walpole referred to in like every EC episode?
Comment from : @bruhnling33

10:00 Certainly a factor, but really I think the start of the industrial revolution has to encompass the switch from water/wind to steam power Interesting side note, one of my favorite episodes of the old British Channel 4 archaeology show Time Team, was when they dug up the remains of a mint in Birmingham It was powered by a single steam engine and used a long drive shaft to carry motive power into several different buildings They uncovered part of the path of this shaft under a guy's porch and estimated that it ended in what is now his living room
Comment from : @David-fm6go

Actually the barter lie is one lie that I am not going to excuse You are consciously spreading myths and disinformation, it's not cool
Comment from : @filipswiderski3684

But if you print to much dollars, the dollar loses its value and the economy of the world go with it
Comment from : @nickbuchowisch7396

This was AWESOME!! Do more of these kind of series, like with writing
Comment from : @YoshMaster

Dude, use notes! You cover everything you want to and make less statements that add nothing "Well that's a story of its own"
Comment from : @ladymmctube

Truly great stuff!! I enjoyed everything and learned a LOT! Thank you Thank you Thank you
Comment from : @bumblesnowmonster

I thought it was up to 250,000 bucks the FDIC
Comment from : @jediguardiankyle

How do you do your research?
Comment from : @rafaelortega9252

Loans create deposits Fractional reserve banking is a myth, the idea that banks lend from reserves Reserve requirements are just a regulatory requirement wrt to the bank's balance sheet I have no problem with the fact that banks create money, but because they are creating public money, and not just their own issued deposit balances, that requires certain accountabilitybrbrReserve requirement levels are essentially meaningless, the banks will just adjust to the requirement, and the Central bank is forced to provide those reserves What does matter is asset regulations, the types of loans and investments banks can make, and what they are required to do when they make those investments Instead of reserve requirements, there should be generalized risk and liquidity requirements, and public bonds, like those of city, state, and federal govts should have priority, because those governing bodies are the ultimate authorities over the resources under their respective jurisdictions
Comment from : @derekmcdaniel6029

16-26
Comment from : @shawnburnham1

perhaps on a trading level the fractional reserve banking should be used whilst self-sustaining systems should be used locally Something around that idea might be a great way of providing stability to a countries population Its just an idea so yeah, its going to have holes in it
Comment from : @tummywubs5071

I was hoping you can cover bitcoin anyways great videos thx :)
Comment from : @hamzali84

Is that a Final Fantasy 11 song?
Comment from : @FuryanHeart

People shouldn't have to need a loan to buy a car or house Was there ever a time when someone could save up money for 2 years and buy a car in currancy?
Comment from : @kairon156