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There are many topics in the videos:
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There are many topics in the videos:
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- the problem with fiat money and what it enables (such as QE, bond markets)
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- the problem with fiat money and what it enables (such as QE, bond markets)
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- what the de facto reserve currency is, and the shift we can expect to see in the future (such as oil traded in yuan)
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- what the de facto reserve currency is, and the shift we can expect to see in the future (such as oil traded in yuan)
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- the (supposed) solution to these in the form of gold
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- the (supposed) solution to these in the form of gold
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On gold as a "perfect" solution, the fact that it may be possible to produce more (sea extraction) using technology show that there are problem with it, yet, having to invest energy to harvest gold makes it very different than pushing a quantitative easing button.
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On gold as a "perfect" solution, the fact that it may be possible to produce more (sea extraction) using technology show that there are problem with it, yet, having to invest energy to harvest gold makes it very different than pushing a quantitative easing button.
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Also, gold and silver are not the only precious metals out there. These just have an history in being used as money for various reasons.
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Also, gold and silver are not the only precious metals out there. These just have an history in being used as money for various reasons.
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[quote]Gold though? We're better off returning to the Cowrie Shell standard.[/quote]
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[quote]Gold though? We're better off returning to the Cowrie Shell standard.[/quote]
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Misguided. A basic property of any currency or money is that it can't be counterfeit and that it is easy to identify. Cowrie Shell wtf... i'm sure you can find a chinese producer that will produce bazillion of good looking shells. We made a number of improvements in industrial processes over the years... back then, they couldn't make fake shells. But now, we still can't produce gold, platinum or iridium (yes we can counterfeit gold bars... but we cant produce gold, and we do not destroy gold by assessing if its titanium, yet it has a cost).
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Misguided. A basic property of any currency or money is that it can't be counterfeit and that it is easy to identify. Cowrie Shell wtf... i'm sure you can find a chinese producer that will produce bazillion of good looking shells. We made a number of improvements in industrial processes over the years... back then, they couldn't make fake shells. But now, we still can't produce gold, platinum or iridium (yes we can counterfeit gold bars... but we cant produce gold, and we do not destroy gold by assessing if its titanium, yet it has a cost).
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EDIT: not titanium, tungsten-filled gold bars...
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Silver & Gold - Hidden Secrets Of Money