Comments by "ricardo kowalski" (@ricardokowalski1579) on "The History of Paper Money - Lies - Extra History" video.

  1. 17:13 IF the FED is a lender of last resort HOW is it possible that the FED makes a profit? I'll wait 22:00 FIAT money... because we all agree Nope... FIAT money is imposed by threat of imprisionment It is not a matter or "agreeing"... it is a matter of violent coercion 22:35 The US agreed to protect the house of Saad militarily...as long as they sold oil in dollars Is not that there is a "petro-dolar" , It was a "military-dollar" The US guarded the shipping lanes (Ormuz) for the crude tankers for decades. And provided military umbrella to the Saudis. Some dude called Saddam tried to call this as a bluff... remember how that played out? The Saudis had to pay for all safety IN DOLLARS... and the only way they could get dollars was... by selling oil in dollars The dollar is backed in the world stage by carriers, bombers and missiles. Just as the dollar is backed by guns and treasury agents inside the US. FIAT money has no backing other than coercion and violence.
    1