They call it a ponzi scheme the US government calls it a trade deficit

If money is worthless I'll take any you have off your hands.

This video is sponsored by Gold.

1971 - we came off the gold standard, but immediately went on the oil standard. 1971 isn't the issue, the issue is that in 2024, we're coming off the oil standard and aren't pegging our currency to anything else to replace it!

Great documentary!

@Moconomy

3 ай бұрын

This is a doc on our channel about another way of thinking about money: kzread.info/dash/bejne/Zaaqq5Ruksedo5M.html

@dtzman9541

3 ай бұрын

@@Moconomy When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.

We've got to stop sending money to other countries. We don't have it.

@robertjay9415

2 ай бұрын

only other time i know this happened when Atilla was getting tons of gold from the byzantine empire

There has always been criminals, there are just alot more criminals than ever. They put theirselves in charge, see what happens 😢

@krzysztofkowalski2816

3 ай бұрын

they steal from themselves, while the whole country ceases to function.

@mypronounismaster4450

13 күн бұрын

yup, the worst of society is in charge.

In a major worldwide catastrophy, even gold is worthless. Grains will then be the ultimate money.

@Zach-ls1if

3 ай бұрын

Indeed

@livefreeandwise6044

3 ай бұрын

You're 1000% correct. Basically anything that is real that you can hold will be a million times more valuable than any type paper money

@VinceV24

3 ай бұрын

And salt

@Fj8282haha

3 ай бұрын

lol… if dat the case, grains/money r u last concerns

@Theodosius18

3 ай бұрын

Also, the ones have the accesses to transport them.

Thanks for sharing

@Moconomy

Ай бұрын

Thanks for watching!

There was obviously not much thought put into these questions.. but hussleman kept it 💯 as always.. Rest up bro!

Excellent !!!

So what can we do? I knew this for 20 years. Awesome

@evanskimathi916

3 ай бұрын

I'm thinking that, high end assets being untransferable, should become tax wright offs, and the government should loose its assets for private equity. Bonds should be able, not only be used for investment, but acquisition as well.

@pauloherrera1298

3 ай бұрын

One word "Bitcoin"

@danielmacdonald5631

3 ай бұрын

Bye gold

@JohnDoe-tp2on

3 ай бұрын

Buy SHIB 😂

@evanskimathi916

3 ай бұрын

So far it seems like an endless projection of loud budgeting.@@pauloherrera1298

Historically people experienced mass poverty & starvation back when they used gold & silver for money. I don't think that was some mysterious coincidence.

@ThePeacefulResistor

2 ай бұрын

That;s because now, everything is based on debt. Because of the fractional reserve banking, most people think they have "money" but basically everyone is paid on debt owed to someone else. The money in your account is lent 10 times out to other people and businesses. It's the greatest debt bubble in history. When banks or governments start defaulting, nobody gets paid because the money owed to you, was also owed to 10 other people. That's why governments have no choice but to keep borrowing, thereby creating inflation and debasing the currency.

It is no wonder that governments always want to control ownership of precious metals. This is a very good, informative, educative, and helpful doc.

Regarding 11:22, for clarification the Federal Reserve does not print currency. Instead it is the United States Treasury department of Bureau of Engraving and Printing that prints currency known as Federal Reserve Notes. It costs only 8.6 cents to print a $100 bill and the profit made is known as "Seigniorage". The profit made is $99.91 for every $100 bill that is printed. This is because $100 (face value) - $0.086 (cost) = $99.91 (profit). Federal Reserve Notes are monetized debt.

@dtzman9541

3 ай бұрын

When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.

@dtzman9541

3 ай бұрын

When you look at Maloney, Schiff , Griffin and McLeoud you would think that this documentary was made about fifteen (15) years ago. Not saying it's NOT gonna blow, but you could make a lot of $$ in the meantime. They all admit that they don't know the timing of the collapse, it will be when nobody wants to buy US debt any longer, then the bottom falls out quick. So When ? Griffin is 92years old now and I hope he's gonna stick around for a little longer, he deserves it.

@TQFMTradingStrategies

3 ай бұрын

Most of the money supply is not represented by physical notes and is instead just a record in a digital account

@davidsoncl1

3 ай бұрын

It’s much simpler than the video presentation. Supply and demand. If something is unique, its value is greater. Flood the market with any product the value is lower. Government printing/spending trillions of dollars reduces the value of the dollar and leads to inflation. The US Federal Government is to blame for inflation. It’s a hidden tax.

great doc thanks fo4r the information

The title of this DW is astonishing: we haven't lost hope

great

Before I watch this someone confirm that this isn’t an old video uploaded again.

@pyrogun1839

3 ай бұрын

Old video that keeps getting re-uploaded

I can't fold and watch people around me suffer; in these uncertain economic times, it's crucial to understand the root causes and seek solutions to save our families and friends from financial slavery.

I’m seriously considering coming out of retirement and restarting my farm.

@bookerwillis

25 күн бұрын

Good idea

This is a real economic bubble in the rise imo…. Fueled by grifting investors and less moral entrepreneurs saying “don’t hate the player, hate the game” making it short term very good for them but what’s good for a few is not good for many. Long term this will cause a situation it tension. The us national debt is out of proportion compared to many eu countries…..it gives an idea of the scale of this possible bubble

How do you monetize this old footage?

Absolutely terrifying stuff with an extremely bleak outlook for the near future...

@kelvyargueta7589

2 ай бұрын

You didn’t see the ending, their is opportunity

Agar tumlogo ko lagta hain ki iss project me tum logo ne kaam diya hain to hum project se nikalne ka kosis karenge. Agale project ke liye please help maat karna ,i will try with my self. Iss duniya me bhagwan saab ko akele bhejate hain aur usake khane pine ki vaivastha wahi karte hain.humlog to bass kathputli hain bhagwan ke🙏🙏🙏🙏

Skills, knowledge, or ability may be the new trade or exchange of money without coin being a commodity

😢and a deposition at the bottom of my heart my mother in Cuba without a home there is no roof shame God God me sport 😢😢

So your telling me the largest terrorist organization ever created has also created the largest Ponzi scheme ever. No no they only have the interests of the people at heart 😂😂😂

So, what does the average person do? They never said. Do we take the small amount of money we have, and buy gold? Then; if we can't trust banks; where do we keep the gold? How do we exchange gold for food? medication?

@ImNoOne22

3 ай бұрын

Buy precious metals, crypto, and real estate (if possible). If you’re really on a tight budget I would start with silver and work your way up to gold. I buy 1/4 oz gold coins that range from $500-600. It’s not cheap. Start buying Bitcoin, even if it’s only $100/month. I have automatic purchases setup on a weekly basis. Set and forget unless there is a major dip, then buy more. Keep the gold in a safe and don’t tell anyone about it.

@lynb1022

3 ай бұрын

@@ImNoOne22 Stop this nonsense. You can't eat gold or bitcoin. What are you going to do when the power goes out? OOPS.

@ImNoOne22

3 ай бұрын

@@lynb1022 You’re a fool to think I don’t have a 1+ years worth of emergency food supply, water storage, backup generators, and solar panels with an Arsenal to protect it. Gold has been the best storage of wealth since the dawn of time. When Venezuela’s economy collapsed they were breaking off gold links from jewelry to pay for food and basic necessities. When Ukraine was under attack and everything was shutdown, there were foreign reporters who bought supplies (even a car in one instance) with Bitcoin.

@lynb1022

3 ай бұрын

@@ImNoOne22 Gosh, a whole year?! Good luck mining your bitcoin off of generators & solar panels. Good luck finding people who want gold when they need vegetables. People can't be this stupid. Hoarding perceived "assets" is what got us into this mess.

@CryOfTheLyrebird

2 ай бұрын

@@ImNoOne22Why couldn’t your generation just build actual community instead of hoarding like packrats? Just had to break humanity and return to basic animal brains. This is the bad place

suspicious about how governments can fake gold price. apart from that, great doc 👍👍

So, is it best to invest in gold now?

12 years old doc and the economy only got worse every year since. Expropriation of banks and the filthy rich (who has been robbing everyone for 4 decades) and redestribution of the wealth is long overdue. A wealth cap, taxation of assets and a ressource based economy for sustainability is the only way forward. ~ Suggested by Jacque Fresco 50+ years ago and widely ignored.

@Perspectiveon

3 ай бұрын

US/UK will insist on continuation of the current system until the unavoidable collapse...

@allentarver6286

Ай бұрын

I was thinking this video is older than 2 months. These guys, if you see them today 2024, they are much older!

How do you spend gold? If you take a bar of gold to Walmart can you get groceries?

The right thing to do now would be to go back on a gold standard and forgiving all nations debts and start everything new. LEAVE GREED OUT OF IT!

Money is not worthless even if you want to buy bitcoin u need money 😅

Yet the world functions. Maybe this points to the fact that we don't need fiat currencies at all.

my mother taught me everything I know

Buy silver, its cheap at the moment , stack it high

I watched the whole thing 😂

what if no one is gonna be intrested of buying gold or money? most of the states they have borrowed money from big Banks (like FMI), and they implemented more taxes to the populations (to pay the bank debts % interest rate) and this is how the population lose interest to work to pay taxes (rather they go in another country to be paid better, or they get sick because they have spend more hours at work to make more money to pay those extra taxes, and then they get retired and the state have to pay their retairements) ....TOTAL COLAPSE, a state with no workers (or less) have to pay more for the workers retirements, otherwise REVOLUTIONS AND REVOLTS....call the scammers by their names now....

Also, in an event of a catastrophe, somebody already said it, neither gold, not paper money would be of any value, as the most valuable currency is going to be everything that can produce food, as we would be back to the middle age, were agriculture, hunting and fishing were the main means of survival. That would really be the end of capitalism, or even society as we know it.

Why the San Andres sounds? lol

So, go to banks and take your gold out, lets see whettthey can deliver

Salary money should be different from stock market buying money

Peter Schiff was right back then and he right now. He says more we prevent Dollar Fiat disaster and as time passes, more worse it will be.

TWO subject matters were not discussed .. (1) THE PETRO DOLLAR. (2) CENTRAL BANK DIGITAL CURRENCY CAN ANYONE MAKE A GUESS AS TO WHY THIS WAS SO ???

@lspag7415

3 ай бұрын

Well the doco was released in 2012 so it's not recent, that's why digital currency wasn't discussed. It's a magazine for gold isn't it.... Bitcoin is the answer now in 2024 but I also think we need tangible assets like food and real estate etc.

@gary9388

2 ай бұрын

​@@lspag7415 Was wondering how old this was... It's a great doc still and agree on plan B.

45:45 THIS !!!

@dunktimetm6216

3 ай бұрын

Basically saying that Bitcoin is not as worthy as Gold

@brianferstle6369

2 ай бұрын

If you can’t hold it, you don’t own it!

A fool and his money are soon parted inspite of such videos

Wake up call!

A building that's is decaying and very costly to renovated will be evacuated and demolished orderly to avoid unnecessary losses and a new building put in it's place. Shouldn't we do the same thing to the global reserve currency that has lost almost all it's value. The situation now is not the same as the past financial melt down when there were no alternatives to transit to. Today there is a very strong contender Cryptocurrency to replace the collapsing Fiat system.

@roro4787

3 ай бұрын

Keep it simple, let's go back to gold

@fushionm6098

3 ай бұрын

@@roro4787Like saying don't need all the advancement in technology for better living, still want to ride the horse cart around. Gold was used as store of value and money for Thousands of years became there was nothing better up until Bitcoin came around.

@DistinctMale

3 ай бұрын

@@roro4787it’s not decentralized and know for massive manipulation.

At the end of the day what is freedom?

@johnlauro6498

3 ай бұрын

with out order there is no freedom

Europe did the same in mostly government owned or partially own business organization s

Major problem

Zimbabwe is in trouble 😢 Everyone is in trouble 😢😢😢

If only we had money with fixed supply, accessible globally, digitally...

@TheAdamAdy

3 ай бұрын

Oh wait, we do. Bitcoin.

Until we all realize money is totally useless, and we just need to have more community and empathy for others and be more like Star Trek. We'll never survive as long as money fiat and so on continue to be forced into existence and fed BS about how it's needed. People volunteer for crying out loud even in a money-based society.

Imagine when the consequences with a compound effect😂

Cutrency are worthless. money always has value. Distinction between money and currency is to be understood

Food is the real currency

Us Dollars are an IOU being a note of debt

Well I’m working on the atom formers and letting anyone join in to have it invented and soon after invented will allow us to be fully independent from currency forever,like imagine being able to 3d fabricate all your food,clothes,gadgets,energy by yourself and free form reliance itself and the freedom from spending via the end of dependence itself

@mikeohawk95

3 ай бұрын

btw its also like society in star trek, even thanks to their alien alliances and replicators, and posiabilty to amke atoms akak precursor to replicator etch

@lynb1022

3 ай бұрын

Where are you going to get the substrate? Does it grow on trees?

@mikeohawk95

3 ай бұрын

it a polymer and only start wth the particle emitter tech" which exist currently and just some engineering altering to configure, and the rare earth materials ill apply in next models & maybe hadron collider resdue ill get much sample of elements 113-124 & once Af made ill use the AF to unlimited amounts of ti form here on end@@lynb1022

This is not a new video, I watched it last year

@anonbrowsing8848

3 ай бұрын

I thought I might’ve seen this before!

I'd rather have a 1,000 pack of tasers choice instant coffee than one bitcoin

@Jmuradin

3 ай бұрын

Thanks for mentioning Bitcoin!

@jrb2474

3 ай бұрын

HFSP

@bootysnatcher8069

3 ай бұрын

Sheesh you’re clearly brainwashed. It’s just an asset that exists that removes banks from the equation. To create a trustable peer-to-peer system to pay each other digitally without middlemen. Even if the asset is questionable, why would you hate something that fights for the right to pay each other digitally without third parties? Particularly, the third parties that were the catalyst to the 2008 crash (a driving factor as to why BTC was created). Just strange.

@lynb1022

3 ай бұрын

@@bootysnatcher8069 "A trustable peer-to-peer system to pay each other"? Like money launderers, drug smugglers, human traffickers, and arms dealers? No thanks. Good luck locking yourself into your vault.

Y is the electric companies increasing their price? The gas prices not stable When these big companies are behaving so greedy towards consumers and know we have no other choices, we ain't going nowhere, everybody needs electricity all the time. What's the big deal why can't the rate remain stable for at least 20 yrs.

Save your paper😆

Money's become Worthless? Tell you what: If money's so worthless, go into a supermarket, pick up what you need, and try to leave without paying for it. Seems to me they want your "Worthless" money, don't they.

@ricohimself5099

3 ай бұрын

Absolutely they want the worthless money because they can use the worthless money to buy stuff because then it would be forced labor so worthless money bandaid your decision

The same ppl in this video are the same ppl who want no taxes to be collected ever and they bet big in Shiba Inu. 😐

0:20 why did they agree back then with this stupidity ?

When you trade your crypto, dont sell it against the US dollar

The core is rotten

Stay calm! We're 12 years after those dark predictions! The guy who predicted a global disaster "this decade" (2011-2020) was totally wrong despite the relevance of his analysis. It's a matter of time I presume yet.

no. fiat money will always become worthless when you have consecutives irresponsible govts. look at argentina/brazil keep changing fiat money, economy still gg. people will know how to avoid using and keep the issued wortlesd money. the world will only ditch money when humans r free of production ie. moving to credit system.

@hernancampos7914

3 ай бұрын

gg ?

😭

Power & wealth isn’t permanent, India & China once wealthy & powerful decimated but especially China got superpower status conversely USA & Europe ( especially colonial thugs ) has begun to crumble 😮😮😮

Documentary is very well made and informative, shame it didn't mention Bitcoin though. Gold is important no doubt, but if we're discussing sound monies, Bitcoin absolutely has to be in the conversation

@MrArron1357

3 ай бұрын

Yeah but if a major war broke to where miners are shut down people in panic lose their password what devices would you use to pay each other with pen and paper ? Bitcoin relies on communication to a block chain if that communication is broke how do we even spend it, who would honor bitcoin for food , shelter ect. If everything transfered to bitcoin our deficit would also.just mean we are taxed even heavier . If war broke out the way to panic the people would be attack mining facilities.

@freakinA10202

3 ай бұрын

Bitcoins wasn’t around yet when this came out, around 2009

@Hansen710

3 ай бұрын

gold will creash along with the fiat money, they fuckedd it all up.. gold follows the dollar to much, its also runned by a cartel that have closed their shops in the weekends

@Hansen710

3 ай бұрын

@@MrArron1357 a major war, do you really think the whole world will fight eachother....(the banks shut down everyday, and have problems every week so people cant use them online) if a war came where everyone was at war, you would need to kill for any values no matter what they are called you would probetly loose everything in your bank and so on but i doubt even in a case of war anyone would grab my solar panel runned miners (or shut down elon musk´s starlink) decides it will start up again, its not a mess like the banks.. that need months to answer when the police solves crimes, and that the police needs special people to read and understand lets see the banks staart all over, lmao.. that would be nioce for them, they could change the numbers so people owe them 10 time more then they did (insted of 3.5 times as they have done now)

@swakal8868

3 ай бұрын

Bitcoin is scam because government will never want parallel economy which it can not control. So Bitcoin will exist until Government do not ban it.

Let's keep paying taxes to criminals though brilliant

Back to back bitcoin documentaries giving me a FOMO...! or JOMO? Now tell me, who are you backed by Mr. Moconomy?

If so, the fake value crypto ponzi was the nail in the coffin.

Just buy money, soon u won’t be able

And the best is when I hear the American economy is doing well and the inflation is much lower than in Europe… yes because USA is basically running the printing machines non stop, that’s your recipe for success, while the rest of the world is being robbed of their currency’s value as it is linked to dollar. In simple terms, USA having the global currency-dollar and printing it in mass is actually stealing the value and products/ assets/ commodities from the rest of the world that uses that dollar. It’s as simple as it can be, but it will not last forever. Just like French back in the day when they send their ships to New York for their gold ( just before Nixon basically said fuck off to the world in 1971), the world will say fuck off to the dollar, btc would be a great alternative but average Joe is to stupid to understand its value and central banks and governments are doing everything to destroy the only true money of the 21st century, maybe not, we will see

It did fail us as a race

Buy shib 💪🙌💷💷💷💷

Bitcoin is the future

It was a crime to remove Gold standard. Get ready for the downfall of the dollar!! 😂😂 Too late to fix it.

Work union buy gold and silver

Why all of the sudden these btc documentaries, it seems someone has an agenda

Emergency banking act 1933

And then you have Argentina's new president trying to make dollar the official currency 😂😂😂🤡🤡🤡🤡🤡

Stack your Sats and XRP folks!

Buy utility coins to hedge against inflation and educate yourself about the future of finance

"How Money Became Worthless" is what poor people say to feel better

@Hansen710

3 ай бұрын

only a poor person would say this

@roro4787

3 ай бұрын

Hehe you consider yourself elite! You are at more risk, when whole thing collapse you will be losing the most

This is an older documentary, 2012. Now we have bitcoin. I'd say this is spot on with everything said, if you just replace the words "gold" with "bitcoin"

Gold, silver, btc, eth.

BITCOIN.

Bitcoin

42:20 Bitcoin is the fix

Bitcoin is the awnser

If you like gold you'll love bitcoin

BITCOIN !!!!!!! SAVE IN BITCOIN!~!! \

Digital is the new ponzi Bitcoin & a few other cryptos will solve this problem, but alot of crypto will bust.

@lynb1022

3 ай бұрын

No crypto will solve this problem.