One of the main points I learned from this documentary, that I did not previously know, was that gold had already been tried and led to unemployment and poverty.
Also, according to Benjamin Franklin quoted in this documentary, the Revolution War was primarily a result of America wanting to print its own money. Franklin said that colonialists would have gladly paid a small tax on tea, otherwise.
The quotes from Benjamin Franklin seem to confirm this. Gold and silver had been hoarded for hundreds if not thousands of years prior. Switching to a strictly gold standard still leaves power in the hands of the very few who own most of the gold.
Feel free to link and share selected literature or videos by Richard Werner and Steve Keen.
And once you graduate from the unit of measure of exchange (and in economics, growth), you can go to economical physics , esp. Robert Ayres, who has solved some of the remaining "conundrums" of economics (like Solow residual) and showing very clearly, that real economic growth (sans financial growth) is based on "ability to do work" i.e. available useful physical energy.
Energy makes world go around - the basics - Robert Ayres
No energy = no work = no growth = no economy = money is worth shit
Energy is at the bottom (or top, depending how you view it) of the Economy pyramid.
Only economists and fucking morons don't understand this.
You can print money out of nothing, but you can't eat money (food is chemical energy), you can't move with money (transport requires fungible energy) nor can you live in money (houses are embedded energy).
Energy runs everything in the physical matter universe. Everything.
Yeah, hard gold standard can also be extremely deflationary (see 18th and 19th hundred periods, esp. 1920s in France).
And gold standard doesn't protect from corruption/evil of politicians and money-lenders - they will just forge the gold (this is what "debasing the currency" originally meant: cutting gold coins with lead and covering with gold, when countries started running out of gold).
This is also, what BTC clumsily claims to solve, but creates a huge set of other problems on the side (and due to ABZT it doesn't even solve that issue thoroughly, just makes it more unlikely in the beinning).
I recall reading in The Creature From Jekyll Island that the Byzantine empire minted gold and silver pieces with fixed weights; and that anyone who filed, chipped or falsely forged any would have their hand cut off. The empire survived over 800 years without falling into debt or having its money devalued.
Unfortunately we live in a world where the elites do pretty much whatever they want with no penalty, and most of the population chooses not to resist it.
Bonus point, Richard Werner tells based on his sources at BIS that the CBDC money is already coming and it will be in a digital wallet that will be inserted under your skin (starts at 1h 23min mark):
One of the main points I learned from this documentary, that I did not previously know, was that gold had already been tried and led to unemployment and poverty.
Also, according to Benjamin Franklin quoted in this documentary, the Revolution War was primarily a result of America wanting to print its own money. Franklin said that colonialists would have gladly paid a small tax on tea, otherwise.
The quotes from Benjamin Franklin seem to confirm this. Gold and silver had been hoarded for hundreds if not thousands of years prior. Switching to a strictly gold standard still leaves power in the hands of the very few who own most of the gold.
Feel free to link and share selected literature or videos by Richard Werner and Steve Keen.
Richard Werner - Basics of Money creation
https://www.youtube.com/watch?v=asxt3bPN8io
Richard Werner - Longer version in a discussion with Hugh Hendry (ex hedge fund manager)
https://www.realvision.com/shows/the-essential-conversation/videos/more-power-to-the-princes-xe0z?tab=details
Detailed description of bank (commercial) money creation by Richard Werner
https://www.youtube.com/watch?v=MechH0ebs_c
Credit, Debt, Money Creation - Steve Keen (mathematically modelled and proven model of money) Parts 1-3
https://www.youtube.com/watch?v=7ZK7aTBD97U
Debt, economic boom / busts, future of money (debts can't be paid back) - latest model version by Steve Keen
https://www.youtube.com/watch?v=WtO8cGww_dA
And once you graduate from the unit of measure of exchange (and in economics, growth), you can go to economical physics , esp. Robert Ayres, who has solved some of the remaining "conundrums" of economics (like Solow residual) and showing very clearly, that real economic growth (sans financial growth) is based on "ability to do work" i.e. available useful physical energy.
Energy makes world go around - the basics - Robert Ayres
https://www.youtube.com/watch?v=wlrGdbzcEPk&t=5s https://www.youtube.com/watch?v=2WXth2Atwd0
The more complex view onto the same is the Economics as an Island of instability by Robert Ayres
https://www.youtube.com/watch?v=V_n0SPeecro
Steve Keen also explains Solow residual, as the Ayres video is no longer on the net that I can find
https://www.youtube.com/watch?v=kUdzH47Mpow
No energy = no work = no growth = no economy = money is worth shit
Energy is at the bottom (or top, depending how you view it) of the Economy pyramid.
Only economists and fucking morons don't understand this.
You can print money out of nothing, but you can't eat money (food is chemical energy), you can't move with money (transport requires fungible energy) nor can you live in money (houses are embedded energy).
Energy runs everything in the physical matter universe. Everything.
Those links were fantastic. Thanks.
Yeah, hard gold standard can also be extremely deflationary (see 18th and 19th hundred periods, esp. 1920s in France).
And gold standard doesn't protect from corruption/evil of politicians and money-lenders - they will just forge the gold (this is what "debasing the currency" originally meant: cutting gold coins with lead and covering with gold, when countries started running out of gold).
This is also, what BTC clumsily claims to solve, but creates a huge set of other problems on the side (and due to ABZT it doesn't even solve that issue thoroughly, just makes it more unlikely in the beinning).
Links in a different post.
I recall reading in The Creature From Jekyll Island that the Byzantine empire minted gold and silver pieces with fixed weights; and that anyone who filed, chipped or falsely forged any would have their hand cut off. The empire survived over 800 years without falling into debt or having its money devalued.
Unfortunately we live in a world where the elites do pretty much whatever they want with no penalty, and most of the population chooses not to resist it.
Bonus point, Richard Werner tells based on his sources at BIS that the CBDC money is already coming and it will be in a digital wallet that will be inserted under your skin (starts at 1h 23min mark):
https://home.solari.com/richard-werner-on-cbdcs-how-they-prepare-you-to-be-their-slave/
Yes, her site.
Here's another video from youtube with the same data:
https://youtu.be/m0YW81RA26I?t=393
CBDC idea is:
kill off commercial banking
kill off cash
control use of money down to person / day / transaction level
integrate fully with physical and digital identity (no anonymity)
https://youtu.be/m0YW81RA26I?t=393
Ohhh ... The bleaters will love this!