Not waffle at all. JME is light years ahead of the fellas.

I love JME. He’s such a deep thinker, genuinely so interesting to listen to

I genuinely love JME, his aura gives me good vibes.

when he said I dont want meters i want a table that made so much sense

Cal needs to stop pretending he's intelligent 😂😂😂

Ngl what JME is saying is facts though but they're raised differently. JME is a free thinker and sees the bullshit in society whereas Freezy has a nice lifestyle and is cozy and relies on "money" to keep his lifestyle afloat. They perceive the importance and value of things very differently.

Money is numbers and numbers never end. If it takes money to be happy,your search for happiness will never end … Bob Marley

cal sounds like he got jme's point midway but double downed on what he was saying

JME really showing the fellas IQ lol

10 yr old simon lenging down man on lord of the mics in 03 😂

He’s not waffling. He makes a good point. Money is just a measurement of the value we place on goods and other stuffs. If little value is placed on a particular item, it will cost less money. Using the centimetre was a good analogy.

Cal sometimes pisses me off

This just makes me wish JME had his own pod ngl

cal doesn't understand bartering lol

Money is a construct not a existence. We could go back to bartering and trading, even rocks. So like yes it is real but doesn't need to be.

Just such a likeable person ill always watch any sidemen vid jme is in

as wild as it sounds, i do agree with JME money is a ideology that everyone has bought into. If everyone tomorrow all of the sudden decides that they're not using the GBP tomorrow. The GBP is worthless, while a table or anything you use in your day to day life will always have value.

is Cal really this dense he doesnt get it or?

Love josh being fam to jme to much love 🤞😭❤️

JME And specs should be on a show together😂it would be fun

JME is right. When we lived in small tribes/communities, we would leverage our products and services to trade with others as we all chipped in to help each other. This was called bartering. As market towns and cities began forming, this wouldn't work. The person selling cranberries may find it hard to have a house built for them. So, Cal is right to point this out, however, we had a solution to this. We had to establish "what does everyone find valuable? Regardless of a product or service?" The answer was [and still is] GOLD. We would trade gold for products and services. Then, we realised that having gold everywhere was a security risk. So banks were created. If you put an ounce of gold in the bank, the bank would effectively give you a piece of paper saying 'I owe you 1 ounce of gold'. So, effectively, that piece of paper was actually worth something (an ounce of gold in this case). The reason why I agree with JME saying that money isn't 'real' is because in 1971, President Nixon removed gold-backed money and created what is called FIAT currency. So the money you spend since then isn't being backed by anything. In fact, if you were to deposit £10,000 in a bank, the bank will then loan 10x that amount out to people that want to borrow it (now there is £100,000 in circulation created out of thin air) This is called fractional-reserve banking if you're interested. Let's say one of the people borrowing that money bought a car with it. The car dealer has taken that money and put it into a bank, to which they 10x that too and repeat the cycle and create a bubble. This is why when there is an economic crisis, people get scared and line up outside their bank to get their money out but they can't because the banks don't have enough to give to everyone. It's also the reason why banks liquidate. Northern Rock was a great example of this; people queueing up outside, demanding their money back. They couldn't get it so they lost their money. This is also why banks have to be bailed out to stop this which completely absolves the banks from any responsibility or accountability of failure. This is because the money doesn't exist. So, in that sense, money isn't real. Remember that scene in Wolf of Wall Street with Matthew Mcconaughey and Leo Di Caprio, when Matthew's character explains how traders get rich because the clients don't actually cash in their money? As long as they do that, the traders make money but to the client, they're just numbers on a screen. That is, until they cash out. Then it becomes real. Their job is to not make that happen. Yes, money grants you access to products and services but that's because it is being held together with everyone tacitly agreeing that FIAT money is worth something. We could all just decide that we don't think it's worth anything and the game stops. This is EXACTLY why crypto is a threat because it is doing just that. I hope this was helpful.

Initially money was a way to measure the amount of gold you have at home and when you were paying with cash it was essentially a way to say “I owe you this much amount in gold” then over time that gold was managed by the treasury and that cash was how much gold from the treasury you owned and the scarcity of that money was based on the scarcity of gold. Eventually over time the money became not backed by gold but because it has been around for so long and has been in use in the market, it still holds value as people value it. Money only exists so long as people value it, if they don’t the money is worthless and now money is gone and it’s now just pieces of paper because the only difference between money and paper is it’s value. Now that money has been digitized, money isn’t even tangible therefore we are literally valuing something that isn’t even real. Imagine how crazy it was to back in the day where people worked in gold, that when you work you get a random number assigned to you that you can use to give other people a bigger number. So yeah, Money isn’t real

I understood what JME was trying to say he just couldn’t word it for them to even try to understand but JME speaking facts they’re waffling 😂

We need more people that think like JME for reaaalllll. Just because he doesn't always articulate it well doesn't mean he isnt speaking facts

Chip looking menacing 😂😂😂😂

he's right money stopped being valuable in 1971 when the gold standard was dropped. now money is just a "promise" that this piece of paper or this bit of metal is worth something

JME's spittin

Cal’s memory is pooor uno how’s he not remembering LOTM big up jme tho legend of the scene

They need to respect JME more he is so honest

JME is onto something. Money technically has no intrinsic value, it's simply a medium of trade to exchange goods and services that we deem valuable.

What the fuck has happened to chip

I get what he means about the money situation back in day you would have a woodworker who needs a brick wall buliding and a bricklayer who needs a fence built so they trade one for another its the same with food if someone needs a service or a certain type of food they would trafe with another person who would need what they have. Its a tough thing to explain especially to someone like chip and cal because there materialistic people

Always fun listening to what JME has to say. Thinks so differently

I understand JME so much like on every ADHD & vegan level😂 his whole perspective on life etc just resonates and it’s so nice to see someone like minded

He might be onto something…

Love this basement vibe

I get his point, but he was trying to explain a barter system as what they used to do before currency was introduced. You would trade wheat for another commodity for example

Cal acts like he knows all and is ahead of everyone is thinking in a smarter way than all lmao

I love JME man, i understand him lol

It's just a piece of paper or a coin we have assigned a value to and all agree to. We set the rules socially.

Bro Jamie is too intellectual with them they’re butters

Freezy literally asks the silliest questions, no wonder JME put him in his place.

Simon minter at Lord of the mics ? 😂😂

What he’s saying is that once you have what you want in life no amount of money can make you do something you don’t want to do, because money is just a means to a better life. Once you have the better life you’re freed from the need to constantly make money.

I can’t take Freezy seriously when he’s showing his chicken legs like that ☠️☠️☠️☠️

Money is simply an extension of the bartering system that allows universal trading of things. Back in the day if you wanted something, you had to trade something of equal value for that thing. For example: three eggs for a bottle of milk. But what happens if you want a bottle of milk but can't offer anything the person providing the milk needs in return? That is why we invented money. You can trade $2 for that bottle of milk, and that person can then use those $2 to trade for something else they actually need. It's like a wild card. Money can be traded for ANYTHING you need, rather than directly trading two specific objects that both parties need. The amount of money you have is thus simply a measure of your buying power. The more money you have, the more you can buy with it and the more power you have in a society where money makes is the key to obtaining every service and every object.

Money is a medium for trading goods and services. You can trade for example food for a certain service but what if you don't have the required food at the time you require that service, or maybe the person providing the service doesn't want the food you offer. Well you trade the service with money and the other person can then trade that money for food or whatever good/service they want from a different person.

Jme spitting facts

These are the type of friends who I doubt have ever had an original thought past what they see on social media so of course they are going to think JME is waffling

That makes it more fair and efficient than bartering.

Money isn't real but what it represents is. Depending on where you get your money, what most of us call cash is a measurement of value in time. Time taken to find and extract raw recourses, the it took someone else to turn those into ingredients, the time it took another few people to bring it to your restaurant and the time your restaurant took to cook it up for you and serve it to you. That and all the time it took for those people to learn how to do those things that we cant do ourselves. That is where the value of money comes from. If you cant be bothered to spend 30 mins cooking your own food, you instead use the money you earned from 10 minutes at your job (adding on all your years of experience and education to account for the other 20 mins) to have someone else do it for you.

Fully agree with JME money is nothing but it's everything

Money was originally used as something to portray your value to society or whatever group you were a part of. Long story short is it once was a measurement of and an expression of gratitude that has now gone way past where it was supposed to.

Money represents a transaction that justifies its value to oneself. J is suggesting that giving and taking is natural, in any walk of life. Money was MADE, as a tangible way for humans to understand that said transaction means this, instead of trusting that a simple act of sharing can be anything as long as it’s coming from a state of kindness. Money now has become such a focus in our lives that now most people BELIEVE money “exists” just like air or water, as J is saying. But ultimately it was created by man, and it’s got to the point where nobody can be satisfied with being alive and all that comes with it, without a justifiable, even transaction. Just exist guys. Think positive thoughts about yourself and your life and be gentle to others and give with love ❤️

The Fellas need to go back and listen to “How Much” by JME

JME is right money is not real nor has value its the product that has value.

Bro jme and Randy is all time. Randy kinda thinks like jme and when they do a podcast it’s the funniest shit

Jme is so real 😂

Money becomes valuable if the distributer of currency X charges taxes that have to be paid in that exact currency.

there was no waffle. editors did him dirty fr

Money is the value of work.

Money is/used to be an IOU from the bank. It used to be backed by the bank with gold, but now it is as JME says, nothing. We just choose to give it value for exchanging goods and services.

JME is fully right about the money not being real

The 8th sidemen🔥

Met Simon in 2003, Simon is 30 and this was 21 years ago he would have been 9 hahaha jme is madness haha

money is time

This guy is highhhh

I must have missed something… where are chips eye brows at

It’s a lovely thought but it just wouldn’t work bcoz unless you could do everything you’d come up short all the time and die pretty quickly from not having the right stuff to survive bcoz you couldn’t get the necessary things in life from trading with each person

THE FUCK happened to chips eyebrows...?!?

At least chips just cracking jokes cals just genuinely trying to breakdown jme’s theory

Ive heard this cousin trough married so mamy times and still dont known if its true😂

money itself is just paper, but it represents a certain amount of gold that the country has.

Am with JME here. The fellas need to listen to some Ren - Money Game Parts 1 - 3

JME for primeminster honestly

The fact that freezy doesn’t understand jme’s point shows how lost he is in the materialistic world… I completely understand and agree with jme. Money is what makes people rich or poor but without money we would or could trade in other values, therefore eradicating upper and lower “class”, you just learn a skill or trade and exchange in that manner. Which would also lead to a more skilled and connected society. I’m trying to find the right way to articulate my point, If that makes sense to anyone.

Money is the promise of gold. Simple as. Gold is valuable...value is your time spent earning 'gold'

If you can’t follow what JME is speaking your done out

I think what JME is saying is that money only has value because we belive it too. Back in the 70s when money was backed by gold it did have an intrinsic value. But ever since money came off the gold stadard it's just a peice of paper or a digital figure in our bank accounts. Basically it's all based off of trust. For example a peice of a4 paper might mean nothing to me but to someone else that peice of paper might be a means of oppurtunity to express oneself, a blank canvas to portay your thoughts,feelings, ideas and creativity; therefore that bit of paper being valueable to you. All just depends how you think about it.

Ya know, I've heard from multiple people now that Simon can dance but I've never seen real proof of it. Josh too! They really need to add that into a video somehow!

JME might be purpose built for podcasts bro can waffle for England 😂

Naaa chip looks so funny without his eyebrows 😂😂😂😂😂

i love jme i love the song p

On bank notes it says "I promise to pay the bearer on demand the sum of (eg) £10. So it's not actually £10, it's an acknowledgement of a debt from the bank of England

big up JME a real one no offence to the fellas but JME is miles ahead this guy is so ahead and I know he hates people saying it

Id love to see jme on one of the sidemen 20k v 200$ vids

Money is currency it used to be tied to Gold as a way of trading goods and services, it isn't tied to gold and hasn't been for some time in the UK or US more recently, literally its fake, its printed on mass and its now just the value we put in it that makes it worth it.

Does chip say anything in this pod?

Jme is lightyears beyond these guys

I get blacker than heskeys knees so black if you black out the light don’t no that I’m thereee

yeah JME could be onto something with what he was saying at the end but I don't think we're going to go back to bartering with things. Maybe some could see this as bullish talk for cryptocurrencies but those are still finding their value

Money is supposed to be backed by gold that the state has or for America it’s backed by oil so instead of trading good we just trade paper

To add to JMEs point. Money is time, money is services. But if I need a table that table is valuable to me, if I don't need a table it's not valuable to me to get a table. If I know how to make a table getting a table from someone else is not valuable to me. And an hour of my life is valuable because I get to use it to speak with those I love and make that table for them if they need it. The reason money isn't real is because it's fabricated it is a facade for whether something is valuable, it doesn't allow for you to say how much an hour is worth to you. It doesn't allow you to say how much the table is worth to you, but bartering does. Bartering is real but money isn't it's just an expression, and it's a shitty expression, because a table doesn't change in value from day to day, but from person to person as I said if you don't need a table the table I have to offer is no longer valuable. But money inflates, so if I go to buy a table with money I could pay £200 one time for the same table that was £100 before, but regardless of inflation bartering is always the same because it's personal, if you don't want or need me to pay you for your services in a song, then you will ask for something you need, we don't need money we need the goods and services. The money is a representation of time we spent not a good representation of the value of that time. Because money is a manufactured concept and isn't reliable. And an apocalypse would be a good example of the fact that a value of a piece of metal would depend on what I could do with it, so that £1 coin would only be as valuable as what I could turn that into. In that case the coin would no longer have value, the material would only have as much value as the skills I had to make it into something useful for me or someone else.

What happened to Chips eyebrows?!

I hear what JME is trying to say! Before money came into existence, people used to trade item for an item. Money become a fashionable object to carry in your wallet. At the end of the day it just wasted printed plastic

money just the unit for time and energy

JME is always onto something and most of the things he says are actually true he’s just not the best at putting it across

He’s half right but fml he doesn’t half waffle. Money is a receipt to say you hold that value, be it precious metals (money exists) or fiat money, which most major currencies are today, fiat currencies technically don’t exist, hence why governments can “print” money when they like since borrowing is so high. The paper is a receipt, allowing you to trade it for something of the same or less value, our coins, the precious metals, hold the same value per unit as the fiat currency you hold.

did chip shave his eyebrows??

4:48 If your kid is Mbappe then there is no need for you to sell it