Me in NZ :) Question: With currencies all pegged to USD at fixed exchange rates after Breton Woods, why was there any need for currencies other than USD in the first place? Is the option to decouple the only reason?

1.8 mil views is way underrated

Thx for the value info, I think better trade stuff with gold or silver.

Just started watching your episodes.. thanks for making them :)

ME im 20 and i really do wish i had someone with your education in my life to learn more in detail about life and currency

Check out r/wallstreetsilver on reddit for the movement to make silver money again! We are going to make the prices correct themselves we need your help!

Can you explain to me why US suffered The Great Depression 1929-1930 while US had not joined the ww1 , but export a lot of weapons and food to EU to gain Gold. what happened from 1918-1929 that made US in that bad situation?

@@toinhatminh1 a lack of faith

😅😅😅👌

o G i wouldn;t wonder you can Educate yourself more quickly than any other Teatcher can can you ? peace out its Wennsday ma dudes Xd

That is by design my friend

This should be played in every from high school until college as mandatory. So they can be educated as well about money. And how people are being fooled by the central banks.

The System is not broken ,it was made that way

It isn’t convenient for them for kids to get money educated.

@@hiighway7570 hmm and why? So the people in power just enjoy the luxury of Freedom and Time... your true wealth

No, it's just that you don't know how to apply what you learned. "College," what we in Canada call "University," is all theory. All knowledge has power if you know how to use it.

Marxist indoctrination camps

School is only for creating workers, not critical thinkers

Exactly

Formal education will make you a living. Self education will make you a fortune.

Tusen takk skal du ha. Ja vi elsker dette landet, som det stiger frem....

***** You know our national anthem! That's so cool. One thing I am wondering, and I can't seem to find anyone (not even economy professors) who can give me a concrete answer; Why do we need currency? We have gold and silver, what more do we need?

Ola Nordmann The answer is that they created this fiat currency in order to rip us off of our wealth and then to enslave us by the grip of something quite interesting to call 'interest'. They couple this to ensure their success by creating economics curriculum to produce these so-called economists so that they can in turn brainwash people around the world. This is how we're all deceived.

***** I try to make people see this, and they call me a conspiracy nut. Even if I had no currency for silver, i'm still glad that when they crash comes, I will not experience the emotional trauma that most people will. Thanks Mike!

Ola Nordmann I know what you mean. People by nature feel more secure to look at things in their old familiar way. As for the crash, I try as best as I could to protect my wealth by exchanging some of my paper currency into gold money from an online company 1 gram a week. I also plan to translate this video series into my local language to educate my people about the reality of our money system so that they can protect their family's and their wealth before it's too late. It's not all about gold and money, it's about food too. So we'd better secure the supply of our food and water before the crash takes place.

my own hair is black coal

STRAWMAN !

It's been debased, it's mostly silver now.

@@TheKuya28 lmao. I hope Mike gets a laugh out of this!!

@@GregTGolden Let's hope Jeff or Mike see it :p

Still at 6

I mean he does say “within the decade, the world will be on a new monitory system bla bla bla” that’s pretty dooms day as it gets

@@user-se1le6di1c 3 years later crypto is more relevant than ever lol

@@lucneesby3009 especially now..

@@user-se1le6di1c He's not wrong, though. Facebook is already creating its own digital currency, and credit cards are becoming the new norm for spending. Soon, currencies will be entirely digital.

Central bank pumping cash into system like it's a balloon. Governments suddenly having money to pay out millions of US families when there's already so few money flowing around the economy. They will keep pumping money until the virus slows but by then the damage has already been done. Once Banks and institutions notice virus slow down, the us dollar index will do a massive sell off al the way to .87 by June 2020. Then hit a low of .79 by end of year. Reply back if I am wrong or right.

Just Aprogrammer and we’re about to flood nations with our trillions of stimulus. They put in hard work, we take their goods, and they get paper that they know we’re just printing

@Viper What I dont understand is, exactly like bitcoin, gold is measured against the US dollar. People spend US dollars (or their currency) to buy gold, hold gold until it explodes (or dives because lets face it, gold is by nature, speculative) and sell it off for currency. Everyone on here, unfortunately (or fortunately depending on opinion) is still heavily reliant on the current financial system. We can complain, highlight flaws and speculate all we want, but unfortunately, your company pays you in currency. Your bank takes currency for your mortgage. You buy essential items to survive, with currency. The moment you can pay for a loaf of bread with a chunk of gold, we can all rejoice and be rid of this system. But lets not forget, we will need something with a flawless structure to replace it. Or we are just in the same place as the last system. Oh and this whole "you cant make more gold" argument to avoid inflation brings me full circle to bitcoin/crypto. Its the same argument. Unfortunately, it doesn't work when there are 7.7 billion people on this planet and only a set amount of money. Some people will naturally hold currency (or "money") outside of the system instead of spending it. Enough people withholding enough of the currency (or "money") outside of regular circulation will starve others of having the currency to spend. Not ideal when we are talking about wealth shifts. It just takes power from some people and gives it to others. TLDR: We rely on the current financial system as we still measure everything against it. Until we stop measuring against it, we are bound to it. Simple.

jonyD143 My opinion. Corona virus is just a distraction to what is the real problem. Countries 💰 money systems. The virus is not 100% real like they say it is and we are all being lied to until they figure out the next move. Most people are not aware of any of this fiat currency issues going on right now. TV, news, and more are deceiving people. My take on it....

@@Rico-ex3no I use cryptos quite often to buy stuff online, it's not as widespread but there's plenty of websites that allow you to buy products directly with cryptos

+Leah Briones Thank you Leah for taking the time to write that. Made our day here at the office. Thanks.

+Leah Briones This is stupid, value is personal. Value is always changing. There is no way to make it permanently static. Even if you price a given amount of gold it is only valuable if the next person believes it is and is prepared to sacrifice something(that is more or less worth the price of that gold). Gold is stupid. Technology - is the best way to try to store and transfer value. Gold can be stolen. The price of gold can fluctuate depending on how many people BELIEVE it has value. Gold is stupid. Technology is the future. Ethically managed currency is the future.

+Andrew Millar Something is only valuable if people THINK it has value. For thousands of years people considered gold and silver as valuable, so they used it as money. We THINK fiat money is valuable, so we use it as money. If a country fucks it up and people lose trust in that country, then they don't want the fiat money of that country, so the fiat money loses value in comparison to other countries. There is nothing wrong with fiat money. The problem lies in the fact that the money supply is controlled by retards and the fact that they charge interest on the money they create. You can only charge interest on money that is already in the system and NOT on newly created money. Fiat money works perfectly if the money supply is controlled by capable people.

+Surya Money in the system is also DEBT money. How do you make the distinction?

Totally agree

Planning on over 19 trillion this year in bills..

This is true and I fully believe that silver & gold are the true money. The issue is that we have no guarantee that once everything collapses, the governments of the world won't turn tyrannical and suddenly start seizing silver & gold from people's homes.

what about bit coin ?

Bit coin is a fiat currency as well just like the dollar, the Canada dollar , the peso, the euro...

BitCoin is a fiat currency but because of it's setup it's become a 'pseudo-gold' standard. BitCoin is mathematically tied to a limited amount of currency; don't get me wrong, it's still fiat, but it's very secure against inflation compared to all other fiat currencies.

TheBlitzkriegXX I just read an article about it, its says its a "retro-fiat" currency fee.org/articles/fed-economists-try-to-portray-bitcoin-as-a-fiat-currency/

Bitcoin isn't a fiat currency. it isn't backed by a government. Bitcoin is basically virtual gold

the banks decide price of food?

@@bendog7311 The banks print currency, dollars, which is not money because money has the power to store the value it has got and stores it over time, like gold. If dollars are not backed by gold, then, they have no value. We are practicly slaves to this system. And the fact that you now understood it, is so mindblowing that it does not even make sense because we are basically being programmed from young ages that dollars has value, but it really hasn't. So, if U.S dollars have got no value and banks print lots and lots of this currency, then the society will experience an epic inflation in prices like we do right now, and eventually lose faith in FIAT money and return to GOLD, which is real money. The fact that the banks decide how much a bread costs is being explained like that. If the price of a 300g bread is 5 dollars today and the Federal Reserves decide to pump 200 BIllion dollars into the system, like it has happened in the 2008 great economic crysis, then the price of the bread might go up to 6 - 7 dollars. If that happens, we as common humans, we'll have to work more to pay for that bread. The currency money, dollars/euros/rubles/franks, etc we have in the banks will lose purchasing power. That is because: Today I have 15 dollars in the bank account and today the 300g bread costs me 5 dollars, therefore I can buy 3 300g breads. Past the action point when the Federal Reserves pumps money into the system------------------------------------------------------------------------ Today I have 15 dollars in the bank account and today the 300g bread costs me 7 dollars, therefore I can buy 2 300g breads. To say the banks regulate the price of the products it's just an expression, a metaphor, but it is true. Thank you and have a nice day.

idk how your life turned out, but you could have accepted that position, grow your way up, invest that paper money into real world uses(land property, weapons gold and silver) and later simply profit 📈

@@HDdAnNaUgamingrRO fck i enjoyed reading your comment so gooood man! a big like from me! a question, how can all this be solved? And i don't think we will return to Gold, we are to advanced, can't carry a ton of gold to buy a car, probably a new system is related to digital cash (CBDC= Central Banking Digital Currency) Crypto is all the rage now.

so what about the cryptocurrencies?? what about bitcoin versus gold??

I' am watching same Covid but lockdown 3!

He is too smart to accept your payment in worthless currency

Thanks Diogo, please help us by sharing the video links on Facebook etc and we'll get there.

Diogo Jesus rothschild banking system won't make it happen

Thank you - we just released Episode 7 I hope you enjoy it. Thanks for sharing.

Im trying to get my son to educate himself about money and how to invest it wisely.. Don't want him to make the same mistakes I did..

@@Goldsilver I’ve looked for episode 3 I could never find it though . Your episodes are very interesting and eye opening I was born dyslexic as well and I learned how to read at 8 or 9 years old and once I learned I read chapter books everyday . I’ve noticed left handers tend to be dyslexic as I noticed you are as well by how you moved your hand . But what was a handicapped it pushed me harder and made me more successful than most people I know who are a lot smarter than me .

Mhm. But Gaddafi's plan didn't play out sadly. 😑

Z

Henry Ford if Alive today. .Would Horsewhip today Auto Engineers. .Way over teched. .

How do you buy original Golds. Also by now, what's the ROI on your gold investment so far

The Arabic Student dissent, not descent.

thank you

Sounds like the US

Stages of Empire.

The only way to earn huge amounts in forex is when trading with an expert trader

True, I've been Able to grow my account to a high level within a month under the guidance of a good account manager.

@Anndy cole Yes of course I'm even on a weekly payroll investing little amounts and earning huge returns.

Yeah I've noticed that the success behind my profit in Bitcoin Investment is not solely on my skills but the help of Adrian Brayden Caleb, the best trader I've known so far.

Adrian Brayden Caleb is legit and his methods work like magic, l keep making huge amounts every single week with his new strategy, wonder where he got those trading skills.

Peter Mullen you know any good source for those kinds of information? wud be pretty helpful if you share it.

Peter Mullen you know any good source for those kinds of information? wud be pretty helpful if you share it.

Been studying, talking to experts, for 50 years, so it's hard to tell you where to begin. "However", you should start with a good basic book, or two on (economics 101), some reading on (commodities), (banking / finance), with an emphasis on (pitfalls, and scams), which is what much of precious metals investing is all about "unfortunately". Precious metals are a sound investment ,"but only under the right circumstances" for the right person. If you don't understand the mechanisms, of the (business cycle), (interest rates), (market fluctuations), (price fixing) by conglomerates like (Goldman Sachs) and how to recognize the changes, you are just throwing darts randomly hoping for the best. The right investment is different for every person in every different situation. Some people with physical strength get rich with sweat equity flipping houses etc. It's a great idea if you're full of piss and vinegar and a good amount of building skill. Some have dreams of starting a small business, but it requires drive, and commitment. The people who succeed in small business must first of all "(LOVE WHAT THEY DO)", that way 16 hour days won't seem like work because you love it. Sometimes that's what it takes in the beginning. The very best investments by far for beginners are (Roth IRAs) if the moron congress doesn't destroy the system as they probably will giving unnecessary tax breaks to billionaires, and millionaires. What a bunch of assholes. Until you mature in investment knowledge with reading and experience the best investment is to (KEEP WHAT YOU HAVE). The old saying is it's not "how much you make", it's "how much you keep". When you have gravy money over and above your safety nest egg, then it's safe to test your knowledge, and branch out. Buy derelict used cars, and sell one every few months for a small profit, if you are mechanically inclined, or have a good mechanic who won't rape you. Sell used stuff on EBAY, Craigslist etc. Always pay credit cards off as soon as humanly possible. Live off strict cash as often as possible. The biggest mistake (young investors), or should I say (non investors) make is (buying crap you can't afford), : snowmobiles, jet skies, boats, $40,000 4WDrive trucks that get 20 gallons to the mile : ( Save your money! live frugally! Only buy things that "appreciate in value with time". There's a million good books on all these subjects, and I do recommend a good book not the computer alone, because it causes you to focus. There are still great free libraries out there, especially at the local college. Be respectful and no one will ask any questions. It's free, and theres entire sections dedicated to economics and related topics. Get busy!

@@elangz9201 Richard Wolff is my favorite economist! kzfaq.info/get/bejne/hNxxlNCDp6emp6s.html

@@JordanConley808 en.wikipedia.org/wiki/Richard_D._Wolff

i was about the write the same comment.. now 2021 it is beyond the repair, and of times! i will be lucky to grow food for myself ..hope I am just wrong

@Trading Exchange better late than never 😂

Ricardo H Gold, Silver. Bitcoin is a tool of the government NSA created the hashing algorithm.

How can you even Trust Bitcoin after this?

I wish I had seen this earlier and taken it

@krispy kreme After seeing this explanation. Bitcoin is virtual money that's risky and abstract. i'd not trust my currency with such.

@krispy kreme Digital is unreliable. it can crash

but there's only one year left in this decade, what financial crisis where

@@seanconcannon186 Everything he is saying is true. It's a reason to hedge and to have some gold/ commodities (like between 5% and 15% of your portfolio) I'm not saying it will all come down but the fact is we're in a debt bubble. Listen to Ray Dalio too he's on the same page. It's not fear mongoring... the fed has been pumping money and racking on debt to keep us afloat... There's no argument there.

What you talking about Mike?

What, you mean that coin with the white heron on it? I quite like that one. It's a reference to a belief in Maori culture that upon their death their spirit walks to the most northern part of NZ, climbs an ancient pohutukawa tree, at which point they transform in to a white heron/kotuku and fly off to their true homeland, Hawaiiki (Maori aren't indigenous to NZ I might add, they're recent Polynesian colonial arrivals). The saying that relates to this is "Kotuku Reringa Tahi" which means "you only see the white heron once" .... on the day your spirit becomes one. That image on the coin can be regarded as the spirit of a deceased Maori on its way back to its true homeland.

It's not because the printed piece of paper is worthless per se its because the shop keeper doesnt want to accept 200 world currencies and then have to go to the exchange later to convert them all to their currency nor does he want to take a loss that day if the exchange rate fell and you paid less.

LOL , this made me happy :D

When the SHTF, two metals hold and gain value. Gold & Silver ? No. Steel & Lead.

I wondered about that lately. It would be difficult for such money to come into existence, because you first need prices to emerge. And this isn't an arbitrary process. Sorry Fallout fans ;)

If they were made of silver..

Or green stamps 😂

If that is only information you get this out you are so stupid.

cryptocurrency

This is information and an advertisement. It combines another persons truths and opinions. Be careful on which or neither you choose to believe in.

Crypto Expert Bitcoin is dead 😂

@@chazzycat1992 bitcoin isnt the only cryptocurrency. Do you even understand what crypto is?

Also the gold prices booooooomed

That’s right I just read that the first civilization that invented money is Mesopotamia And shekel is the currency name