Why does the USA borrow if it can print the world’s money? Take a deep dive into the history of Monetary Theory.
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In 1971, Nixon dropped a financial bomb more powerful than any nuke – ending the gold standard forever. This video explores how money evolved from rice to gold to pure debt, why the US debt is unique compared to other countries and how the dollar became the world’s game money. Why does the US government need to borrow money if it can create it? Is USA $36 trillion debt heading for collapse or is this just how modern money works? I explore both perspectives through a simple board game analogy anyone can understand..
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Time Stamps:
0:00 – Intro
1:00 – The US becomes the Monopoly banker
2:00 – The $36 trillion debt paradox
3:00 – Money origins: Rice as the first currency
4:00 – Labor theory of value and food wealth
5:30 – Problems with rice money and rise of gold
7:00 – How natural prices emerge (two-tank analogy)
8:30 – Inflation/deflation: winners and losers
11:30 – Wörgl’s experiment and MV=PQ
13:00 – Venice’s crisis and forced loans
14:30 – Birth of debt-based money
16:00 – Goldsmiths and fractional reserve banking
18:00 – Credit collapse and chains of debt
19:30 – Central banking and financial stability
21:00 – Wartime monetary expansion
22:30 – Bretton Woods and dollar dominance
24:00 – Nixon’s decision and the fiat era
25:30 – The three-tier monetary world
27:00 – Modern implications: debt vs. growth
28:30 – Conclusion: The future of money
keywords:
How do Treasury bond yields and Federal Reserve policies impact the debt crisis?
What does this mean for inflation and global trade in 2025?
Can the U.S. sustain this debt, or are we on the brink of a financial reset?
Economics 101 – ECON101
Bond Crisis
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Excellent video, crystal clear clarity. Subscribed.
Excellent Thank-You !
Don't worry, a new budget is being proposed and I'm sure if we take a look at it- oh. Oh this country is done, actually. We're cooked, actually.
Excellent explanation!
Is just a hidden way to keep slavery
It’s true that paper money only has value because we believe it does. But it’s also true that gold only has value because we think it does. Truth is, humans love being brainwashed and undisturbed. Just let us live our illusions until we eventually leave.
You taught what should’ve been taught in school. Literally the first 5 mins of the video is gold . You summed it amazingly. Inflation hurts ppl that save money and deflation helps those who spend literally
I am currently studying economics at a ""prestige"" university. A whole year of lectures, workshops and assignments later I still dont understand it all that much, and yet this one video alone suddenly connected so many dots for me that I was not even aware was there
If i wasnt a broke college kid I would be donating rn, this is jawdroppingly incredible, really well done!!!
there is no paradox, the dollar is imploding. slowly at first, and then all at once. we are very nearly at the "all at once" part now
The dollar is a Ponzi scheme lol
that graphic with the tanks and spinning wheel makes zero sense, what is even happening? is that pie a pump? couldnt they spent 2 minutes making it actually function?
Thank you! this is my favourite topic, its funny that england ran on the tally stick system for centuries. Bill stills the money masters is a good watch on the subject i think https://www.youtube.com/watch?v=mDlnM481Gcg
This has got to be one of the best explanations about money out there. Well done.
Don’t you love when temporary stuff lasts forever
Man, this video is better than RSA one, well done.
I was starving for this information, I would also love for you to explain:
1. Why does the stock price change exactlyy, what algorithm do we use
2. Why do we agree that the algorithm we use is fair and good
3. How is it determened if the price will change +1$ or +2$, why not +3$, why exactly that price — What formula is used for this
4. Where can I learn more about the tings you explained, what theory do I have to read or book?
This shit will eventually collapse. People with physical silver are going to have a good time in 2030-2040????
Best video I've seen explaining the monetary system
first currency was a cow
This is why bitcoin is going up forever.
Amazing video
I half expected this to be some stupid "muh fiat currency bad" video but I was positively surprised that it was a very nuanced take on the current world financial system instead.
In the end, technological progress might enable us to one day harness near limitless resources from asteroids and such and then a physical backing is meaningless anyways.
There is no paradox, it's all about jews…
oh wow I have never seen a video explain the concept of money with more context than this one
Episode 2 pls