Economics Explained
Economics Explained
  • Video 60
  • Views 162 520 239
Was Dropping The Gold Standard A Mistake?
Is returning to the gold standard something that could fix the economic issues we are facing today?
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ www.patreon.com/EconomicsExplained
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍
Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g
✉️ Business Enquiries → michael@economicsexplained.com
🎧 Listen to EE on Spotify! 👉 anchor.fm/EconomicsExplained
Follow EE on social media:
Twitter 🐦 → EconomicsEx
Facebook → EconomicsEx
Instagram → ...
Views: 315 323

Video

The Recession We Need To Have
Views 892KDay ago
Are we entering a new age where serious downturns caused by genuine economic hardships can be avoided with piles of cash? Or is this all just putting off the inevitable and potentially making it worse further down the road? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀...
Do Sanctions Work?
Views 891KMonth ago
For A limited time you can get between $3 and $1,000 to in free stock when you sign up to Public at ➡️ public.com/EE ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt 🎧 ...
The Rather Pathetic Economy of Russia
Views 4.2M2 months ago
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Busines...
How The Economy Of Japan Could Predict The Next Decade
Views 1.4M2 months ago
Get between $3 and $300 to in free stock when you sign up to Public at ➡️ public.com/EE ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt 🎧 Listen to EE on Spotify! 👉 an...
Was Last Weeks Stock Market Crash an Overdue Reality Check?
Views 553K3 months ago
The stock market recently fell by 10% in a single week, but was this crash long overdue? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&...
Why Turkey Is Not Fixing It's Hyperinflation Problem
Views 2.5M4 months ago
Turkey is one of the largest economies in the world and was up until recently growing rapidly every year. Why is it now driving itself into a hyperinflation crisis? The first 1,000 fans to signup with this link will get a 1 month free trial of Skillshare 👉 skl.sh/economicsexplained01221 Watch "How Not To Suck At Speaking Aussie" 👉 www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Pa...
How is "Transitory" Inflation Going?
Views 923K5 months ago
Inflation is no longer transitory, but is it here to stay? TypeForm ➡️ economicsexplained.typeform.com/mistakes Mistakes spreadsheet template ➡️ www.dropbox.com/s/b5h6vtkogi6i054/EE Mistakes of 2021.xlsx Disclaimer: EE reserves the right, in its sole and absolute discretion, to determine what is a genuine mistake. By way of example, something that you may not personally agree with is not necess...
Are Economists Too Pessimistic?
Views 269K5 months ago
Economists have predicted 15 of the past 5 recessions, so should we take them seriously? TypeForm ➡️ economicsexplained.typeform.com/mistakes Mistakes spreadsheet template ➡️ www.dropbox.com/s/b5h6vtkogi6i054/EE Mistakes of 2021.xlsx Disclaimer: EE reserves the right, in its sole and absolute discretion, to determine what is a genuine mistake. By way of example, something that you may not perso...
China Has A Debt Problem Three Times Larger Than Evergrande
Views 2.6M5 months ago
Good infrastructure is one of the greatest investments a country can make. Unfortunately for China, you can have too much of a good thing. Get between $3 and $100 to in free stock ➡️ public.com/EE ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/chann...
Why Would Anyone Accept a Negative Interest Rate? #Shorts
Views 275K5 months ago
Who would ever buy an investment where they are guaranteed to lose money? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EE...
MIT Has Predicted that Society Will Collapse in 2040
Views 7M6 months ago
The first 1,000 fans to signup with this link will get a 1 month free trial of Skillshare 👉 skl.sh/economicsexplained11211 Watch "How Not To Suck At Speaking Aussie" 👉 www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Part-1/1324222190 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&...
Tax Havens Don't Have Taxes. So How Do They Make Money?
Views 420K6 months ago
If tax havens can't raise money through taxes then what is in it for them? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on E...
How Has Brexit Been Going?
Views 3.2M6 months ago
It's been more than five years since the UK voted to leave the EU, are they regretting their decision? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the lik...
Should You Become an Economist? #Shorts
Views 424K6 months ago
You may love following economic news and learning about advanced theories, but what can an economics degree do in the real world? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/su...
This Year’s Nobel Prize Is Going To Change Everything...
Views 366K6 months ago
This Year’s Nobel Prize Is Going To Change Everything...
China’s Blackouts Are Shining Light On A New Problem
Views 1.9M7 months ago
China’s Blackouts Are Shining Light On A New Problem
Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
Views 1.2M7 months ago
Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
The "Dirty" Economy Of Australia
Views 1.4M7 months ago
The "Dirty" Economy Of Australia
Why You Should Be Worried About China's Debt Crisis
Views 4.1M9 months ago
Why You Should Be Worried About China's Debt Crisis
How Price Inflation is Happening Today Without Anyone Realizing #Shorts
Views 351K9 months ago
How Price Inflation is Happening Today Without Anyone Realizing #Shorts
8 Months of Stimulus Just Unraveled
Views 2M10 months ago
8 Months of Stimulus Just Unraveled
Is BlackRock Ruining the Housing Market? #Shorts
Views 284K10 months ago
Is BlackRock Ruining the Housing Market? #Shorts
The Scary Solution to the Chinese Debt Crisis #Shorts
Views 1.5M11 months ago
The Scary Solution to the Chinese Debt Crisis #Shorts
The Troubled Economy of El Salvador
Views 394K11 months ago
The Troubled Economy of El Salvador
El Salvador Just Made BITCOIN Its National Currency? #shorts
Views 255K11 months ago
El Salvador Just Made BITCOIN Its National Currency? #shorts
The World's Newest Richest Man Is ... 🥁🥁🥁 #shorts
Views 718K11 months ago
The World's Newest Richest Man Is ... 🥁🥁🥁 #shorts
The Economy of Spain
Views 964K11 months ago
The Economy of Spain
The Great Labor Shortage Crisis
Views 2MYear ago
The Great Labor Shortage Crisis
The Housing Affordability Crisis We Don't Want To Solve
Views 1.9MYear ago
The Housing Affordability Crisis We Don't Want To Solve
MIT Has Predicted that Society Will Collapse in 2040
Views 7M6 months ago
The first 1,000 fans to signup with this link will get a 1 month free trial of Skillshare 👉 skl.sh/economicsexplained11211 Watch "How Not To Suck At Speaking Aussie" 👉 www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Part-1/1324222190 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&...
How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes
Views 4.9MYear ago
How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes
Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?
Views 4.4MYear ago
Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?
The Rather Pathetic Economy of Russia
Views 4.2M2 months ago
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Busines...
Why You Should Be Worried About China's Debt Crisis
Views 4.1M9 months ago
Why You Should Be Worried About China's Debt Crisis
How Has Brexit Been Going?
Views 3.2M6 months ago
It's been more than five years since the UK voted to leave the EU, are they regretting their decision? This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the lik...
The Pathetic Economy Of North Korea
Views 3.1M2 years ago
The Pathetic Economy Of North Korea
Hyperinflation is Already Here - You Just Haven't Realised It Yet.
Views 2.9MYear ago
Hyperinflation is Already Here - You Just Haven't Realised It Yet.
China Has A Debt Problem Three Times Larger Than Evergrande
Views 2.6M5 months ago
Good infrastructure is one of the greatest investments a country can make. Unfortunately for China, you can have too much of a good thing. Get between $3 and $100 to in free stock ➡️ public.com/EE ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/chann...
Why Turkey Is Not Fixing It's Hyperinflation Problem
Views 2.5M4 months ago
Turkey is one of the largest economies in the world and was up until recently growing rapidly every year. Why is it now driving itself into a hyperinflation crisis? The first 1,000 fans to signup with this link will get a 1 month free trial of Skillshare 👉 skl.sh/economicsexplained01221 Watch "How Not To Suck At Speaking Aussie" 👉 www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Pa...
Japan: The Fading Economy
Views 2.4M2 years ago
Japan: The Fading Economy
Norway: Is It The Perfect Economy?
Views 2.3M2 years ago
Norway: Is It The Perfect Economy?
What is "The Great Reset" & Why are People So Worried About It?
Views 2.2MYear ago
What is "The Great Reset" & Why are People So Worried About It?
8 Months of Stimulus Just Unraveled
Views 2M10 months ago
8 Months of Stimulus Just Unraveled
The Economy of the Soviet Union
Views 2M2 years ago
The Economy of the Soviet Union
The Great Labor Shortage Crisis
Views 2MYear ago
The Great Labor Shortage Crisis
The Ranks of Global Billionaires: Not All Billionaires Are Made Equal
Views 2M2 years ago
The Ranks of Global Billionaires: Not All Billionaires Are Made Equal
The Housing Affordability Crisis We Don't Want To Solve
Views 1.9MYear ago
The Housing Affordability Crisis We Don't Want To Solve
China’s Blackouts Are Shining Light On A New Problem
Views 1.9M7 months ago
China’s Blackouts Are Shining Light On A New Problem
Why is Working Harder Making Us Poorer?
Views 1.8MYear ago
Why is Working Harder Making Us Poorer?
The History of Global Banking: A Broken System?
Views 1.8MYear ago
The History of Global Banking: A Broken System?
Why China Will be the Big Winner of the 2020 Crisis
Views 1.8M2 years ago
Why China Will be the Big Winner of the 2020 Crisis
Why Silicon Valley and Shenzhen Have Exactly The Opposite Problem
Views 1.7MYear ago
Why Silicon Valley and Shenzhen Have Exactly The Opposite Problem
Money Laundering: A How To Guide For The Modern Global Billionaire
Views 1.7M2 years ago
Money Laundering: A How To Guide For The Modern Global Billionaire
Why Are Cold Countries Richer Than Hot Countries?
Views 1.7MYear ago
Why Are Cold Countries Richer Than Hot Countries?
The Scary Solution to the Chinese Debt Crisis #Shorts
Views 1.5M11 months ago
The Scary Solution to the Chinese Debt Crisis #Shorts
The Economy of Germany
Views 1.5M2 years ago
The Economy of Germany
Will This be the Next Great Depression?
Views 1.4M2 years ago
Will This be the Next Great Depression?
The "Dirty" Economy Of Australia
Views 1.4M7 months ago
The "Dirty" Economy Of Australia
How The Economy Of Japan Could Predict The Next Decade
Views 1.4M2 months ago
Get between $3 and $300 to in free stock when you sign up to Public at ➡️ public.com/EE ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → ru-clip.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt 🎧 Listen to EE on Spotify! 👉 an...

Comments

  • Vincent Brown
    Vincent Brown 4 hours ago

    Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.

  • Dan G. Smith
    Dan G. Smith 4 hours ago

    proportional representation with unicameral parliamentary, welfare state and strong unions?

  • Gromph Baenre
    Gromph Baenre 5 hours ago

    yah....yah....."the great collapse" every decade "they" set a new date for it.....1990,2000,2008,2012 ect ect dont get me wrong the collapse will come but "they" absolutely dont know when,"they" are on the same lvl of knowledg and expertise as the jehovah witnesses, im so tired and bored of this

  • fahr rurrozi
    fahr rurrozi 5 hours ago

    Don't rebuke the enemy for making mistakes. Tsun Zu

  • Teancum Allen
    Teancum Allen 5 hours ago

    You mention the Federal Reserve System a few times in this video. I recently heard some very interesting history about the origins and functions of the FRS. Perhaps a video about the FRS, who created it, why, and how it influences national debt, loan interest rates, and fractional banking, etc, would be interesting for your viewers. I personally would be excited to see what you can come up with. “The creature from Jekyll island”, by G Edward Griffin, was the book that piqued my interest for this.

  • Luis Padron
    Luis Padron 5 hours ago

    Excuse me? Gold “has some very narrow industrial application”? Are you serious? It’s the best conductor of electricity. Every iPhone has gold in it, and that’s just one example… Keynesian

  • Jared Smith
    Jared Smith 6 hours ago

    Yes

  • KoreanoName
    KoreanoName 7 hours ago

    Remember... we are supposed to believe that this video author is acting on his own and any ideas supporting IMF and FEDs tyrannical narratives is pure coincidence. It's just "science" (blink blink)

  • Mayank
    Mayank 7 hours ago

    When Richard Nixon does something, I can be sure it was bad

  • Kevin West
    Kevin West 7 hours ago

    US inflation gauge slowed to 6.3 percent in April over past year. The fed plan is starting to bare fruit. Give it time to work people.

  • Kevin West
    Kevin West 7 hours ago

    Why do these conversations always end with everything being the worker's fault. "...bad worker's are the cause of inflation." You never hear: "Inflation is cause by companies knowing they have pricing power. Companies will continue to push up prices until it causes a recession as goods and services become unaffordable by people."

  • Dion Eccles
    Dion Eccles 8 hours ago

    Do you do videos on Caribbean Economies?

  • One N Only
    One N Only 8 hours ago

    Brilliantly done and well explained.

  • Good
    Good 8 hours ago

    What an inappropriate use of R squared. You would need to test other variables to give a complete argument.

  • luis katterbach
    luis katterbach 8 hours ago

    I think that the gold standard was always doomed to fail. We as humanity are generating wealth on a daily basis. If i go to a bank and ask for a loan for a bakery, they are betting on a return of value from my business, generating wealth in the moment i sign the contract, therefore generating wealth out of thinair. You could argue that it would just thin out the gold reserve, but it wouldnt account for the generated wealth of people i provide my business for. I think a centralized currency is still the way to go, whatever the cyrptobros migh tell me

  • Raya Koth
    Raya Koth 8 hours ago

    If they can change Money from being backed by gold instead of belief. I wonder if we can change the need for shelter into something else because real estate is getting ridiculous.

  • Ryan Burton
    Ryan Burton 9 hours ago

    The last bit about lots of little investments that add up to a billion dollars vs. a single billion dollar investment struck a chord. I've been following Strong Towns which advocates for, among other things, fixing the looming municipal insolvency through "lots of little bets". They have also "done the math" to show that even a run down traditional downtown brings in more tax revenue per acre than one big box store on the edge of town. If one of a cluster of downtown businesses goes under, it doesn't really matter to the overall tax receipts of the town, and it will likely be replaced fairly quickly. If the big box store goes under, now you're missing a relatively large chunk of tax revenue, AND you have a large property you have to do something with that is just weighing down maintenance costs without producing anything. It is very much a rhyme of the sentiment at the end of the video.

  • Tadeo Martinez
    Tadeo Martinez 9 hours ago

    Amazing video crack!! I love this all the content seems incredible!! I hope you continue like this with this excellent quality

  • trancextend
    trancextend 10 hours ago

    It wasn't a mistake! They knew what they were doing. Monopolizing just about everything.

  • Jonathan Raven
    Jonathan Raven 10 hours ago

    Absolutely.

  • uncivilizedengr
    uncivilizedengr 10 hours ago

    what's this "we" BS?? you

  • pas9ify
    pas9ify 10 hours ago

    IDK about other English speakers, but as an American, I find the narrator's accent extremely grating, which is unfortunate, since the content is exceptional.

  • Jack Waterman
    Jack Waterman 10 hours ago

    Bitcoin standard

  • METALHEAD2000
    METALHEAD2000 11 hours ago

    This video has changed my mind about the gold standard I use to think it was an absolute good and it was a mistake for fdr and Nixon to take us off it but it’s way more complicated

  • Turbo Levo
    Turbo Levo 11 hours ago

    “Cash is trash” Ray Dalio.

  • Atlas
    Atlas 11 hours ago

    The only real argument against the gold standard is that their isn't enough gold to back all of the dollars. Why not use a more common metal like silver, iron or aluminum? Besides, if there weren't so many dollars being printed, it would be less of a challenge.

  • damdoumi bou3ajaja
    damdoumi bou3ajaja 12 hours ago

    Great video as usual! I totally get why gold backed systems cannot sustain economic growth. But I am still struggling to understand why we need economic growth which is more than 1%. Couldn't we just be aiming for economic growth that we can sustain with gold backed monetary systems?

  • Oscar
    Oscar 12 hours ago

    Okay but what about a Bitcoin standard?

  • Confused Caveman
    Confused Caveman 13 hours ago

    the point is to deliberately confuse you so you just give up and agree. In the same way that big banks use confusing terms so you just shut up and leave them alone

  • Mike Alexander
    Mike Alexander 13 hours ago

    You are ignoring that there weren't global currency markets until the gold standard ended in 1971. So, it's not like currency markets were an alternative in 1944.

  • Phara G
    Phara G 13 hours ago

  • VincenzOK
    VincenzOK 13 hours ago

    5:16 "Look around your own house and try and find anything that was built by the government rather than the private sector. It would be... challenging." Most all of Tampa is highway-adjacent.

  • Seth Quick
    Seth Quick 13 hours ago

    Ur takes are so good u should be the fed chair!

  • F0rtysxity
    F0rtysxity 13 hours ago

    This is your worst video yet. Gold doesn't have value just based on belief. It is durable, divisible, widely recognized and most importantly, has a limited supply rate. The limited inflation rate is incredibly important!

  • J Ray
    J Ray 14 hours ago

    This is all inextricably linked to oil. The need for a country to use US dollars to purchase energy is what allows the dollar to have a hold on the global markets. This is also why we still do business with the Saudis even though we don’t get along with them. China is trying to convince the Saudis to use Chinese dollar to purchase oil and thereby weaken the US dollar’s value. That would be catastrophic for us.

  • viktorianas
    viktorianas 14 hours ago

    Kw/h should become the universal currency unit.

  • michael joncour
    michael joncour 15 hours ago

    ''OFF OF'' is incorrect use of the english language !!!!!!!!!

  • Jonathan de Ruiter
    Jonathan de Ruiter 15 hours ago

    That pain idea at the end is straight Nassim Taleb. That’s cool your professor taught that.

  • Reshpeck
    Reshpeck 16 hours ago

    15:00 Let's see that chart with gold oz on the y-axis

  • Econ
    Econ 16 hours ago

    Typical Keynesian stance.

  • Alex Solano
    Alex Solano 16 hours ago

    "Backed by nothing but believe"... Holy sh--- man, you really are clueless about central banking. You should stop spreading misinformation.

  • CTG
    CTG 16 hours ago

    No mention of Nixon's petrodollar?

  • Gavin Howard
    Gavin Howard 17 hours ago

    Why is no one considering the option that the US just unpeg other currencies from the dollar? That would have allowed the dollar to float with regards to other currencies, but it still would have been backed by gold. Some will say that that would have prevented the dollar from being a reserve currency. They are right. But I think that's a good thing because it would have made it better to keep a lot of manufacturing and other productive industries domestic, instead of outsourcing them as we have. Long-term, that's a great thing because we would not be dependent on China. Also, the boom or bust of America would not affect the rest of the world as badly. That's the biggest problem with our money system: it's too focused on international matters when it should be focused on domestic matters. Now, whether we can go back to the gold standard is another matter. I think EE is right that we can't without a wild ride getting there. If we get there slowly by bringing manufacturing and other productive industries back first, I think it can be done, as long as we peg to gold at the same time as unpegging other currencies from the dollar.

  • Victoria Arhth
    Victoria Arhth 17 hours ago

    Let's not forget that the biggest payouts in the markets don't come from great performances but rather it's great promotions. Stay invested, diversification for streams of incomes is very important

    • RH@MSDEL🔮
      RH@MSDEL🔮 14 hours ago

      Yh, Bitcoin is a better investment for a long term potential gain.

    • Ann Croxford
      Ann Croxford 15 hours ago

      Love y'all and the information given always learning and growing is the only way we can hone our skills and build ourselves. Most interesting thing is that the rich gets Richer because the poor thinks that every opportunity is a scam especially investment like bitcoin, dogecoin, safemoon, gold, silver, crude oil, ethereum, litecoin, bitcoin cash, cardano, polkadot, stellar, chainlink, binance coin, (BNB) etc has been able to represents legion of adventures and entrepreneur most especially risk taking, investors and problems solver,,

    • Emi Pelham
      Emi Pelham 15 hours ago

      2nd I just got my second profit reflected on my wallet💃💃

    • Emi Pelham
      Emi Pelham 15 hours ago

      @Eric . W. ApelInvestment is the tiny line that keeps differentiating the poor from the rich and I guess ,, 🍏Dawn Fitzpatrick has brought these to our doorstep😐.

    • Eric . W. Apel
      Eric . W. Apel 15 hours ago

      Investment are the stepping stones to success.

  • Codacious
    Codacious 17 hours ago

    Employees being lazy at GM was not a symptom of Australia but a symptom of company culture. Can say that as an x employee. Same story in America.

  • mgtow life
    mgtow life 17 hours ago

    I don't save in dollars. They can just print those.

  • PrettyBoiBozo
    PrettyBoiBozo 18 hours ago

    To say that taxes go to the betterment of society is a bit of a stretch

  • doctorwhoknows
    doctorwhoknows 18 hours ago

    Yes, the gold standard puts training wheels on the bike And that's the point. No one person is smart enough to drive the bike, and especially not if they are under popular pressure