Comments by "antonyjh1234" (@antonyjh1234) on "He Talks About MONEY To Americans In The 1960s. How Have Things Changed?" video.

  1. But the problem with your comment and of those that may have incorrectly upvoted your comment, is that it shows people don't understand money and that their belief is fundamentally flawed. The govt is not the source of money, at all. Private organisations, central banks or as you call it in America, The Federal Reserve are the source of money. The federal reserve is not federal nor is it a reserve, it is not a bank, it controls money supply irrespective of what the govt says. New money entering the economy, enters only through debt, that the people pay, private and public, so without people getting into this debt, that people must pay, there would be no new money. Let me put it this way, on a 500,000 loan it costs the central bank around 15,000 to create it, that you pay with your life's actions, this doesn't change if it is public (Incurred by the govt) or private debt. So when debt was around 1 trillion dollars, after accumulating from the time Washington was president to Reagan, then the inhabitants of USA have to pay that debt and interest was double digits, it was thought a high account deficit then, now it's 33 trillion more...... that the PEOPLE, have to pay interest on, to a private organisation.. People may not be the source of money but they are the reason.
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  2. And we use the products of their bounty without a second care. We go for driving holidays while using oil Iraqi, Afghan, Syrian, families have died over.
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  3. May be, but will it be in our lifetimes? US currency is 51% of all currency around the world, every other currency pegged to it. The largest private group at least, are indian housewives that hold gold so going back to a gold standard won't happen. A default on debt won't really change much...The whole system has to go, but to what? Maybe the world will end up instead of money each person has a carbon allowance. But "they" will drive that debt as high as they can, like rats leaving a sinking ship, while they profit from any breakdown.. Putting it another way, if 80% of the homeless spent $50 a day that's 25 million a day that somebody is getting paid off from.. Once upon a time course correction meant heads rolled, literally @_derpderp 
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