Comments by "k98killer" (@k98killer) on "There Is NO Market Crash Coming and Here Is Why | Fed Insider" video.

  1. There's a decent argument that everything in the dollar system is simply a money substitute.
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  2. I always like hearing from Joseph Wang. He's very knowledgeable yet humble and mild-mannered.
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  3.  @rainbowodysseybyjonlion  "money" is the most marketable/salable good. We cannot rightly call the Federal Reserve Note a currency because it is not redeemable for anything. It's all a bit confusing. Hopefully I'll have a better understanding of it all after I finish reading the Theory of Money and Credit by Ludwig von Mises.
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  4.  @rainbowodysseybyjonlion  "redeem" and "exchange" are not the same thing. To redeem something is to exchange it for some specific promised thing from the issuer. You can't say that a coat check is "redeemable" because you can exchange it for candy when your coat has been expropriated. FRNs cannot be redeemed for anything in the same way that gold coins cannot be redeemed for anything; they are the things themselves.
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