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Why the World Abandoned the Gold Standard

MarketMaestro 86 views

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The dollar isn't backed by nothing It's backed by aircraft carriers and drones
Comment from : @consigliere254

KOSHER LIES! No mention of the Petro-Dollar The inside of Fort Knox since 1986 During the “Show Audit” of the Fort Knox Gold on September 23, 1974, the Uncle Sam opened only ONE of its 15 Fort Knox vault to politicians and reporters to view the gold They would NOT show the other 14 vaults because Kosher hands have STOLEN our Gold!
Comment from : @meanstavrakas1044

Yes the dollar is finished
Comment from : @gerhard-jx4rn

So as to breed corruption
Comment from : @nigelvaughan429

Money printer goes brrrrrr in 1971
Comment from : @dhinadhayaalanganesan5043

The West has rigged the financial system in its favor, to make all other countries dependent on debt
Comment from : @nevenkasavovic4315

At Fort knox, they opened ONLY ONE of the roomsno proof of anything
Comment from : @mdavidson5883

Temple debt was used as money about 2000 years before gold
Comment from : @jackhoran4225

thank you
Comment from : @DominikStraßer-q9p

Your content is ok, but not complete It would be great if you include the limitations of the gold standard in solving economic problems like the great depression, stagflation, etc
Comment from : @rexcheung1129

Gold standard restraints get in the way of those who want to print trillions and make repeated war
Comment from : @edwardmclaughlin7935

Awesome video It would be nice to see an update after 4 years of Biden and BRICS
Comment from : @evansmoak7182

More a video about the history of monetary policy, this is not an in depth explanation of why the gold standard was abandoned
Comment from : @basedneeble7350

Print and spend Print and spend
Comment from : @muhlenberg2608

TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP Loosing MONEY I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH
Comment from : @RayMelvin-tg7wi

Exclusive video , thank you
Comment from : @pecelirovucago7149

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis Investing in stocks, gold, silver, and digital currencies can still be profitable during this period Therefore, it is advisable to explore these investment options to secure one's financial future
Comment from : @Riggsnic_co

Short answer, money printer go brrrrrrbrLong answer, money printer go brrrrrr and brrrrr
Comment from : @patrickhenry7416

The world didn’t abandon the Breton-woods systembrbrThe world was FORCED to abandon their Gold in American Vaults
Comment from : @thegrandlevel313

It seems that the smile is slowly diminishing as BRICS is starting to shape up We are slowly seeing that countries such as China and Russia are trading outside the Dollar for commodities Moreover, the US Dollar is losing trust as the United States is printing Dollars without any consideration to the effect this would have to the value of the Dollar I guess the war in Ukraine is going to give birth to a new monetary standard
Comment from : @alamerisable

Bitcoin
Comment from : @TheAdamAdy

why does every video about this topic claim a different beginning for the use of gold as money 😅 heard everything from egypt to turkey to middle east and always differrent time from like 100bc to 3000bc like wtf guys make a decision
Comment from : @benjaminbaumeister3661

In short, without watching this video, the Gold standard was ended to allow bankers to loan infinite created money backed by nothing but faith, to make profit on with interest, to governments who want u limited spending and profits with that money, while having it all payed for by the common people Essentially devaluing their labor, meaning your time is now worth less because the money is as well
Comment from : @JiboiaJin

Sir,brIf COVID 19 Pandemic caused to prevented the trade war into a worldwarbrSo The EARTH and it's precious Environment remain here today SirbrThe prevention of COVID 19 Pandemic by the WHO and India and other more than 150 countries cooperation were succeeded SirbrSo Now remaining the EARTH safely sirbrNow The Re Era beganbrBecause BHARAT protected the whole world Humanity from the COVID 19 Pandemic sirbrSo it is the ERA of Re Sir
Comment from : @premkumarnayak1162

its a multination nuclear bomb going off in US Capitalism and US economy exactly what Saddam said he would do once the UN released the sanction on Iraq All the nations the US has screwed up to now are alligning against the US Government "smile and promiss" The dollar has no real value it is based on belief, like crypto not on anything tangable GOING DOWN
Comment from : @iamhe999

Just waiting for them to break their promisethey'll still be smiling though
Comment from : @jamesbeadenkopf5429

BS! Fort Knox has never been audited! Along with the Social Security Lock Box Myth!
Comment from : @respectamerica2382

It all boils down to the US being financially an untrustworthy, unreliable and incompetent custodian of its own money and other countries’ money brbrIn 1971, the American artifice of instead coercing and manipulating Saudi Arabia to use oil to back the value of the US dollar when the US ran out of its gold reserves, the so called Bretton Woods system, was sick and dishonest It was a mafia like slime ball deal, an arrangement that should not have happened brbrThe US simply hoodwinked the world and said trust us for we are rich, powerful and financially competent brbrNo they are not The US has relied on empty trust in its Ponzi scheme economy, printing money because it can, selling its debt in bonds which it has no intention to repay, constantly lifting its national debt ceiling to over 31 trillion dollars to maintain its vital functions and making money through creating conflict for its enemies and economic coercion for its allies selling and recycling outdated weapons and arms brbrThe US has been treating the world’s countries as fools and useful idiots for decades too long The US dollar is now thoroughly backed by the value of manufactured dishonesty, artificial promise and the illusion it is still the greatest most powerful nation on earth with the biggest economy you can ever have This is just sorcery of the mind to control, a convenient mistruth promoted by Western media to keep things running artificially and an illusion for developing smaller and weaker countries to wake up from brbrNo one should blindly trust the US dollar and what it stands for anymore brbrNone of the US dollars basis for being the preeminent world reserve currency is based on right, fair, commonsense practices but on the willingness of the rest of the world to play along with an elaborate ruse! What suckers others have been! brbrSo shame on the US but double the shame on the rest of the world’s nations for gullibly and idiotically become willing participants in economic exploitation by the crafty carnivorous USA who has been dining on them for so long! brbrWake up! Wake up! Wake up!
Comment from : @demonslayer1196

America abandon the Gold Standard
Comment from : @Alan-megan

XRP
Comment from : @ericluneborg5244

Good job, Nixon!
Comment from : @ff-1971

I lost my track when I saw Popeye
Comment from : @ashwink680

I loved Bretton Woods,he said "oogum boogum oogum hurry up and shave your stuff nowyeahwell i said oogum boogum oogum boogum,,hurry up and shave your thing girlyeah" I also liked "Think you got your fools mixed up"
Comment from : @iyamwhite3931

I hear that our national parks are the new collateral, instead of gold Not just America, but hundreds of nations owe huge swathes of land to the banks against our debt :/ Verify yourself for truth, but that's news to me Still researching it
Comment from : @gonzo5648

Great video 👌
Comment from : @GerardoRodriguez-fr2on

please stop saying turkey, say anatolia turkey has not done shit and is there as invaders and should not be associated with all the groundbreaking stuff taking please there before they forced themselves there
Comment from : @gungnir3926

Come on dude, you know they staged that gold in fort Knox for the journalists to quell the public Give me a break
Comment from : @jbobdavis1984

World trade should be in bDigital Gold/b instead of Dollar brAnd all trade deficits should be paid in physical Gold on timely basis (ie yearly or quarterly basis)
Comment from : @prasannas8836

US dollar is unfaithful currency
Comment from : @putatdaun

This is the video I show my kids , when I wanna teach them the when the world was fucked
Comment from : @maoridreadpirateroberts2725

The US dollar is Backed by American Citizens Blood Sweat and Tears Work Sheep Work is Our Model
Comment from : @AmunRa2024

Put us back on it, asap The WEF will steal control of our currency if we don't
Comment from : @togian755

nice ending " US Dollar is backed by nothing by promise and a smile"
Comment from : @christiansummers562

Making the most evil system of debt slavery sounds legit 🤮🤮🤮🤮🤮🤮
Comment from : @teedee8868

very good summary and explanation, but it sounds like you are sooo bored :D
Comment from : @lilimaroti7639

How does the petro-dollar system tie into this?
Comment from : @AS-ho9ym

So basically, America screwed the entire world in 1971 which is why the inflation will forever be a problem of humanity
Comment from : @atrain3441

Thanks, it helps a lot keep making videos!
Comment from : @peralillas3

Why is gold being issue of the bretton wood system?brbrbrbrWhat causes the bretton wood systems to collapsed?
Comment from : @darwinronquillo2570

BIggest mistake in human history
Comment from : @rat_king-

awesome, best video i have seen in weeks, great job
Comment from : @ayushmansanjeev5487

CIA is the head in the betrayal of Former President Of the Philippines Fedinand Marcos because they are afraid that the Philippines will overtake America because of the Asian Dollar BACKUP BY MILLION MERTRIC TONS OF GOLD,FEDINAND MARCOS 'plan,WE SHALL MAKE THIS NATION GREAT AGAIN IM A NEW GENERATION OF MARCOS LOYALIST✌️🇵🇭🦾
Comment from : @proudtobepinoy7674

This video is missing some key informationI wonder why
Comment from : @jennystamm2766

Happy birthday to the fiat dollar
Comment from : @ThePeterDislikeShow

Kusheen was here
Comment from : @kusheen

Real economic declines are a conspiracy Accounting fraud is all we need!!!
Comment from : @jacobklein8156

i dont get it ; bretton wood system is not a change its the same system but gold is now replaced by dollar
Comment from : @tradingwithad7294

Quite a lot of drivel really not mentioning the most important thingbrStabilization of world currencies in order to prevent vast profiteering on currency fallsbrbrAnd that if a bomb goes off financed by cryptocurrencies on the dark web according to Interpol it's often the more dead the bigger the profits on the currency markets as for Pandemic nuclear Accident etc ,brbrObviously for centuries the press has been linked to currency speculationbrThe speculator needs to know if the French have won or lost a battle first ,even before government for the biggest profitbrbrThis often the more dead the bigger the profits economics was effectively banned from 1945-71 and this was by far the most successful period of economics of all time except the USA were involved in Vietnam,and Nixon printing dollars wanted the rest of the world to in effect help pay brbrThat's why Nixon shock temporarily suspending the Bretton Woods system , opening the flood gates to the often more dead the bigger the profits Forex tradingbrbr"And who are the gainers not the working man not the real creators of wealth but the international currency speculators who thrive on crises and cause crises"Nixon 1971brbrChurchill 1925"and we take these measures against speculators of any country of any kind and of any hue"and going on to say that countries are like ships in a dock tied together by trade and if a currency falls it can pull down the rest with it"brbrOf course Churchill was proven correct ,brAs he was of WW2 but of course most trading currency must not allow themselves to actually understand what they are doing!!brbrSoros earning billions in a day does though and says it should be outlawedbrbr"Any large movements of currency detrimental to the world economy should be outlawed"(that includes FX Crypto and punitive credit rating hikes)
Comment from : @jamesmoylan2861

Why would currency values drop if new gold deposits were found? Should not it be the other way round? Timestamp : 1:16
Comment from : @neighbar3431

why you using a pre-1801 British flag?
Comment from : @wuigi1496

Bro your content is soooo good!brbrKeep doing you man, one of these videos will blow up at some point and all the views will be headed your way
Comment from : @ajp1653

Notes and coins, and digits in a computer have NO intrinsic value!
Comment from : @1234piano

Do one on Bitcoin
Comment from : @mooviemen1214

What's the title of your intro sound
Comment from : @ritchierivera4816

How gold standard affects the globalization?
Comment from : @ritchierivera4816

Dude keep making videos, they're great!
Comment from : @jsem94

holy shit, how do you have less than 1k subs? your vids are amazing
Comment from : @MILE011

3:06 et cetera The united states currency is fun Its pretty But honestly it is not as secure as the british pound, which manipulates dozens of countries currency via royal hierarchy (and the collective hierarchies of the world) the imf was reverse sponsored by foreign people , check the founders The dollar is nothing but a shield, your statement near the end is just your opinion Especially now with the trade war with china and their defiancy of their own currency manioulation Chairman Ping plays an old game with the currency Whats your opinion on what happened to the titanic? One way for you to gain more views is to use a bit more controversial facts and figures in your vids
Comment from : @whitealliance9540