The History of Paper Money - The Gold Standard - Extra History - #6

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Information The History of Paper Money - The Gold Standard - Extra History - #6

Title	:	The History of Paper Money - The Gold Standard - Extra History - #6
Lasting	:	10.00
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6 episodes on paper money and its problems not a single mention of rothschild or jp morgan hmmm🤔
Comment from : Sam Samson

Well, no WW2 Was won from the Russians Russia took 80 of the impact and that's why dollar had problems
Comment from : HA Studio

Bro money can still be linked to gold jus go buy gold
Comment from : Aharon Davidson

currency based on belief is like a world wide game of pretend
Comment from : 616 !

I'm bad at economics and I didn't understand how the dollar got overvalued after the other nations' economies recovered and what that rise in value entails?
Comment from : Gabi S

50 years vs 5000 years makes me want some gold and silver
Comment from : Alex Roberto

9:14 What do all those symbols mean?
Comment from : G Kjaerby

Interesting Humans Now The Dollar Hegemony is Dying
Comment from : Kingsley Nkrumah

Neat to see the conspiracists finding this series
Comment from : K T

2023
Comment from : luis duron

and this is why the world is in shambles great
Comment from : THE FINAL MESSAGE

John Law quote: "We accepted that money is the medium by which things are exchanged, not the value for which they are"
Comment from : Jann Miko Ingel Rabago (Gaming channel)

And now we're screwed
Comment from : Carl Johnson

Now I understand that staying away from gold standard gives the country that has the most valuable currency the power to make war till no end, no limits, but people’s minds don’t work like that and they need some sort of security behind the money, that is why slowly the other countries are starting to use less and less the dollar, and the petrodollar is now over Time to wake up Cbdc are to take control over everyone Enslave the people for their government against their will, forced ‘’patriotism ‘’ that no one believes on it anymore So the slaves fight the wars of the “elites” 1984 in anabolics
Comment from : Menachem Hafter

Well, no Money is represented by a country's GDP It's not "floating" At all
Comment from : Jonah Falcon

nobody "accepted"brFIAT currency is imposed under threat of imprisionment if you refuse to use itbrpaper money is a scam backed by violent thugs we just call the scam "central bank" and the thugs "government"
Comment from : ricardo kowalski

after WW1 Britain asked Australia to pay it's lones back It almost caused a civil war when the NSW Premier Jack Lang so no Had Jack Lang not been the bigger man and resigned there would have been a Police VS Military The Police at the time were still armed like an army
Comment from : JOUE BIEN

And you end on such a happy note, never mentioning the absolute terror that this hold As long as we continue to dream that the economy will always be good, it will work, even as it continues to spiral out of control with longer and harder recessions following one anotherbrOh yeah, and if one catastrophy happens that shakes the global economy, it will be a real big quake Such as a global pandemic, running out of oil, the internet being knocked out, a new world warbrLike Imagine a complete shutdown of global trading for several years and realize that almost no country produces enough food to sustain itself
Comment from : Tor Nordmark

Great series btw!
Comment from : Rairiky

The funniest of facts: central banks still have massive amounts of gold as reserve but now the main source of backing of your currency is other currencies/bonds,mainly from your main trade partners
Comment from : Rairiky

51 years ago as of 2022
Comment from : Commander Trigger

I feels like a economy student via all this episode n get my diploma just now by end of this onebrbrGreat journey everyone
Comment from : Wolfboy 109

and now that we have fiat currency, the government can just make themselves richer by printing more cash
Comment from : Daniel Roy

Dissolve the UN, make an organization that would show this channel at schools
Comment from : Т1000 Youtube

So basically we went from the gold standard to the dollar standard
Comment from : SuperSnivy

“Less than 50 years ago”… ouch my back
Comment from : MasterheartsXIII

Strangely enough, now we use the money to BUY gold as an investment prospect Gold is now literally a product we buy
Comment from : Aaron Fidelis

But Gold and Silver also was and is worth something because we all agree it is?! Was that not the argument for the paper money in one of the other "Ths History of paper money" videos?!
Comment from : Chris Benn

Thanks for such Amazing series ! but Surely there is some more to it
Comment from : Zaraar Ali

You forgor that another of the actual reason why money is worth something for us is because is the only thing a state accepts as tax payment
Comment from : Sir Nikkel

The goldstandard hat also the disadvantage that just a handfull of countrys could implement it Most of the worlds nations had silverstandard or just nothing Agrarian economies often had nothing And only the industrialising nations had gold England and the USA were the only one for a long time
Comment from : TOFKAS01

Excellent
Comment from : Mohammed Naseem Nasar

To be fair, the American Great Depression wasn’t caused by the gold standard but by the excessive printing of money as well as the low low interest rates the central banks were advertising As for getting on the standard, it just was very liquidated
Comment from : Lord_Tylor

so the moral of the story is when you have gold everything is better
Comment from : Ben P T3DP

So quick question what if you unpeg your currency from the US dollar what would happen
Comment from : Chris Bana

Wonder if the series could be used as an introduction to economic classes I know that when I was taking courses in economics that it was far too abstract for me to understand While the whole concept still seems surreal, I have a better understanding It might be somehting to think about
Comment from : Karen Debbie Johnson

Year 2022, the idea didn't age too well Unrestricted money printing still leads to economic collapse
Comment from : AlexXx

Nixon did NOT take the USA off the gold standard, it was FDR that took the USA off the gold standard in 1933 Every country outside of the USA was still able to redeem US dollars for gold except US citizens, which was really unfair for US citizens It was Nixon who stopped the conversion of USA gold reserves to other nations in 1971 Had Nixon not have done that, US gold reserves would have been all gone within a couple years
Comment from : Stanley Kijek

The first 7 seconds deserve their own episode
Comment from : Amlan Mohanty

Theres also the petrodollar that is now turning into the petrorubble in the EU due to Ukraine
Comment from : sonicninja3434

And now the problem is that If the US economy falls, everybody falls with them
Comment from : Freddy Romario Vásquez Cairo

Current US$ is peg to oil because you can only pay for oil in US$
Comment from : Yutaka Go

What does, let their currencies "float" mean?
Comment from : Stan Bucasas

Awesome series! I now understand so muchbrbr-No amount of gold to back the gold standard internationally without looming chaos as against a free systembr- Countries can work to increase the value of their currencies by increasing the demand through exports and such (China anyone?)brbr- Countries that grow too large in the near future would soon ‘unpeg' their currencies, leading to another monetary era
Comment from : Joe

Any official sources?
Comment from : George Mackenzie

And now, in 2022, we are experiencing the negative effects of accepting money as an idea rather than a thing
Comment from : Doublepie David

Wish we still HAD the gold standard, would probably fix a lot of issues
Comment from : Aquamarine Rose

3:29 Hey, that’s what Russia just did! What a wacky coincidence
Comment from : Howdy do Buckeroo

Nothing like watching this series again in 2022
Comment from : krl10101

Even though it's literally happening in our time, can you guys do a short series on the evolution of paper money to digital
Comment from : Google Account

Thanks for an amazing video! You truly have a gift for explaining things really well
Comment from : Vivek Sharma

The different currencies is why there’s so many exchanging booths back in my country ay ay ay
Comment from : Klevisa Bashalli

And that's why Bitcoin
Comment from : Mikake Studios

Germany caused the war They bshould/b have been forced to pay to bail out the other countries
Comment from : Leto 0

Man, economic history is fascinating I mean, I'm terrible at maths so economics will never be my thing, but economic HISTORY? Heck yeah
Comment from : Charlotte Searle

And now with the pandemic there has been a shutdown of our economy, excessive money printing, and we might be going off to war
Comment from : JamesBombss

3:22 I like how he was just likebr"Can I eat this?"😂
Comment from : Mushr00m Fr0gZ

The probles isn't "accept money as an idea" Its accepting the FED to print and value basically all the money in the world
Comment from : Ricardo Zúñiga

So richard Nixon responsible for all of this with currency doesnt get pegged to gold
Comment from : seaweed666

Why didn’t Britain make the tea standard
Comment from : My Gills

"We accept money as the medium by which things are exchanged, not the value for which they are" - John Law, so what will determine the value for which things are exchanged?
Comment from : TrueLearning

You could even go so far as to say that money has no real value and those numbers in your bank account isn't really there at all
Comment from : Stouk McTavish

The power i feel when i can turn 25k likes to 26k likes is just amazing
Comment from : Daniil Ivanov

These major banks have always been owned by very wealthy families, none of this happened by accident You forgot to mention that global oil is what sustained the American dollar, after Gold We are all debt slaves and our masters are getting ready to cash in, the New World Order
Comment from : canadiankewldude 🇨🇦

I often use the "Bread standart", so how much money do you need to buy a loaf of bread
Comment from : Mokinsen

the us national debt is 28,881,322,000,000 at the time of this recording so all countries all for debt cause no money is worth anything but backing of the government is wellbr(the 000,000 is literally moving to fast to peg it at any one minuite its constantly going up)brbrthe lessons of dont go over your actual spending means you crazy bastards is replaced with CONTINUE FOREVER CAUSE TO BIG TO FAIL!!!!
Comment from : Wind Sage Dragon

Six thousand years of History leading up to the collapse of America
Comment from : 2020 Madness

Screw France we were so close to complete economic control
Comment from : Kristin Moore

I keep coming back to this when someone argues about crypto being backed with "nothing"
Comment from : Chrizztann Villon

Really makes you wonder what the future currencies will be tied to, when USA inevitably burns out in atomic flames
Comment from : karry299

What the fudge is an once
Comment from : Chris

there are markets in which you can but the goods talked about for paper money the commodity market exchange
Comment from : ONEHITKILL

Charles De Gaulle: "Yo, lemme get my gold back" brbrNixon: "No"
Comment from : Big Brother Is Watching

Its simple the world market export is Exchanging a paper money 🤣 with No base value at all Hahaha
Comment from : ITERA CARE (PRIFE INTERATIONAL)

thats bad at least gold nowadays due to science we know its other uses aside as a form of money
Comment from : tamarin

z zź
Comment from : Alien Sheep

This was an eye opener and confirmed all my suspicions Money today is basically an illusion
Comment from : Fleek N Fly

Bitcoin is the best of the two world’s a great store of value and yet a great medium of exchange
Comment from : Nyancoin

This is the single most terrifying video I have ever seen
Comment from : Weston Ellis

But with the fall of resources the paper means nothing, commodity money still wins in the long term
Comment from : Harris Channel

Interesting that central banks still keep reserves of gold I guess the central banks still see gold as an important way to store wealth even though they no longer encourage this for the general population
Comment from : savvageorge

And yet I still run into all these backward thinkers in the US clamoring to go back to gold I keep trying to explain to them these ideas and how dumb that is but not even having a degree in economics stops them from thinking they know best It's quite sad that the new normal still isn't really normal to many here
Comment from : Wind_Runner

now instead of gold standard, we have USD standard honestly i prefered gold standard
Comment from : tax evader

Very interesting series of videos Thanks for making
Comment from : Munjaal Raval

Funny to see how WAR always become the catalyst of any policy regarding money
Comment from : Ihsan Ahmad

So they stop the gold standard, and inflation is now rapidly increasing For example look at the cost of a house in 1971 The worth of peoples money, and the costs of food and essentials Compare those to now and the results speak for themselves
Comment from : sam johns

What about petrodollars? Couldn't it be said that the dollar is attached to the price of oil?
Comment from : Brian Hartman

Wow 1971 is now 50 years ago Definitely gonna throw a 50th anniversary of leaving the gold standard cookout this year
Comment from : Triggering Opinions & Facts