Comments by "Jason Dashney" (@jasondashney) on "Money’s Mostly Digital, So Why Is Moving It So Hard?" video.

I'm not going to fact check every single video so it's cool when people with knowledge can attest to the information.
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Now allow me to throw a monkey wrench into that: A travelling salesman wants to stay in a motel. The salesman gives the owner a $100 bill and takes off with an employee to see the room. The owner owes the local baker $100 so he goes over and hands the baker his $100 bill. The baker owes the shoemaker $100 so he goes and pays off his debt to the shoemaker. The shoemaker owes the barber so he gives a $100 bill to the the barber. The barber than takes that bill to pay off his debt to the grocer, and the grocer owes the motel owner $100 so he heads over to the motel and pays his debt. The travelling salesman had been chatting with the employee for a while and then decided he doesn't want the room so he goes back to the front counter and gets his $100 back from the motel owner and walks away. $500 of debts were paid off with the same $100 bill that never really actually existed because the salesman purchased nothing from the motel owner.
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Only people who lack of basic understanding of finance think that economics is a zero sum game. Somebody doesn't always have to lose. Even something as simple as a basic transaction is usually very fair. I want a sandwich and I'm down to pay to have that sandwich made for me. Me and the deli owner/sandwich maker both win. It gets more and more complicated as you go down the rabbit hole but that doesn't change the fact that there doesn't have to be a loser. The stock markets another great example because of different timelines. A traitor and an investor can do a stock transaction at both are happy with. The investor sells because they believe the top of the long term trend has happened so they are happy and the short-term trader buys the stock because they wanna sell it six hours later and they do and they are happy as well.
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I swear to God schools seem like they are trying to make simple concepts difficult. I want to take a finance course many years ago and I'll never forget this passage: "interest represents the savings for consumers from deferring consumption from today to tomorrow via savings". Can you think of a more complicated way to say "if you borrow money to have buy something now instead of saving your pennies first, you'll have to pay more back than you borrowed." My six year old can understand the concept of interest, but never if I explained it to her the way the textbook does.
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@coopergates9680 Yeah I saw that "traitor" part. Kinda funny. Anyhoo, why does currency have to drop? Crypto is 100% confidence, but stock in a company buying up hard assets isn't. If you can liquidate the assets for more than all the stock costs, then you've clearly added value to that share and you didn't necessarily have to leave switch currencies to do it. If you grow pumpkins, you took seeds and created pumpkins. Some equipment, labour, and science did the adding of the value.Grown foods are worth more than seeds. If you can get extra value above the labour etc that went into it, then you've got growth in a win-win. Of course sometimes it's a zero sum game. Sometimes people get screwed. I just don't like it when people make a blanket statement that every transaction has a winner and a loser because that is absolutely not always the case by any stretch.
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Where did he show that food was given free to all humanity? He says in the very beginning that things were bartered. Are you blaming hunger on farmers?!
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$500 of debt was wiped away. That is not in dispute. Only $100 of money actually existed. And it's not circulatory because the $100 never actually existed in the first place. The man didn't take the room. In this example, $500 of debt was paid off with money that never actually existed. The first guy just assumed it was his. @Leo9ine
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True value is added via exports. Grow something domestically and ship it internationally. You ship out the food and you get money in return. That means no money left your system but more money came into it. Food is the best example because unlike minerals or oil, it's not a finite resource. You can grow it indefinitely.
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@prpr8904 "Yes, all great human achievement is based on coorporations" OP did not state, nor suggest this.
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@coopergates9680 you are correct that the number of units in circulation has to change for the value to change. In the case of the pumpkins I mentioned, the way to get true "extra" value is to sell them internationally. That brings more money into the system. You can't increase value without trade. With trade comes the ability to convert currency or at least use foreign currencies, so even if it's not in the exact same form, you still have more money in the country after you export it.
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By the fact I have to call days ahead if I wanna withdraw a measly $10,000 cash to buy a used Corolla, I damn sure hope it's an operations decision, ha ha. They damn sure better not be that close to the line.
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