Comments by "" (@Cloud_Seeker) on "When it REALLY Began - BankWars: Weimar Hyperinflation Episode 1" video.

The Central Powers existed in WW1. Because they were the central countries of Europe. The Axis were in WW2. Japan clearly have nothing to do with the central of Europe.
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No it isn't. Money is a commodity that can be used for something. It has value even if you do not use it as a medium of exchange. Currency is a medium of exchange that has no or few alternative uses. Like paper money. If paper money can't be used as a medium of exchange, what will you actually use it for? Money is not just some representation. If you think that please tell me what it is supposed to represent. What is the value it is supposed to represent. A dollar bill backed by gold is a representation of a value. It is a representation of gold. However that is not the world we live in. Currency is not back by anything. It is Fiat currency. It has value because it is decreed to have value. The whole point of fiat currency is that it ISN'T represented by anything that can fix its value. Which also means it is a representation of nothing.
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Assuming a Brit knows Yugoslavian. Sorry to tell you, but everyone don't know Yugoslavian.
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I think he never said that. That is what socialists believe and what the Labor Theory of Value say. TIK often say value is subjective.
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I don't think Japan can be considered fascist at all. It is fascist in games like Hearts of Iron, but that is mostly to get the factions (Democratic, Communist, Fascist, Unaligned) to work. Now I am no expert, but this is what I know. Japan considered themselves the first and most pure empire and people in the world. It is a belief that date back to ancient times. For example. They thought that the emperor of Japan was a literal God. The beliefs they had about themselves is exactly why they were so extremely brutal during the war, and why they now do not have armed force and not allowed to render aid in any offensive from. Japan is as much fascist as the old kingdoms in Europe during the middle ages were. It had no relationship to socialism or syndicalism at all. It had ancient roots that goes through Japans history as a whole. In fact. Japan hated Europeans and thought they were inferiors, just like Germany thought Japan were inferior to them. The reason they worked together was for political and strategic reasons. Not because they shared a common ideology. Germany wanted a friend in the east with a large navy, and Japan wanted a strong friend in the west. They joined an alliance out of mutual benefits, not because they liked and agreed with each other. Kind of like how the UK and US joined forces with the Soviets. I should not even give a label to Japan as some kind of follower of an ideology. They were a militaristic, imperialistic and authoritarian regime. You can't call them Fascist as they were not.
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And what makes it a commodity? It is a commodity because someone say it is, not because it is one inherently.
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Sorry but price inflation is not always caused by monetary inflation. If 2/3 of all semiconductors are made in Taiwan, and China declares war on someone. The rest of the world is only going to get 1/3 of the total production of semiconductors. This cause prices to sky rocket and the price has been "inflated". This is however, this is not inflation since it is caused by a decreased supply more money was created. That people treat "price inflation" as a definition for inflation does not make it correct. Price inflation is a syndrome of the cause, but not the cause itself. You might think it is "common knowledge", but it isn't. The reason it should be changed is because in current language you are getting wrong information. Its like saying smoking is coughing. Not because the smoke damage the lungs which cause coughing as a syndrome, but smoking = coughing.
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I have had a chat with a "career government employee". He/she apparently thinks that money is not digital and is only created when the actual dollar bill or coin is created for it. No wonder governments are garbage at what they do.
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@Ricky Moore The banks operates on fractional reserves. That means only a fraction of the money needs to be in reserve, and the banks can literally create the rest. If you deposit 1 dollar at a bank and the reserve requirement is 1%. The bank can then create 99 dollars of IUO's to lenders as they are only required to have that 1 dollar in reserve.
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@Ricky Moore No it is still there. They just set the requirement to 0% to allow the banks to print as much money as they want. They still create money in the same exact way.
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@Ricky Moore You have no idea how old I am. Just so you know. I also do not care if you read anything because you are not going to prove it.
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"However, food and most of consumer goods are not dependent on limited resources." - That is incorrect. EVERYTHING is dependent on limited resources. Food is not just automatically spawned into existence. It has to be seeded, it has to be cared for, it has to be harvested and prepared. You also can not grow food indefinitely and forever. You can't just plant crops closer to each other to increase production as that will cause the plants to struggle for resources, like water. The soil is also not the same all over the world, and rainfall is not even and predictable. If food wasn't limited on resources, farming societies should have been the most well fed people in the world. But history show they were not, so your assumption is very much wrong. I also do not get what you are talking about consumer goods. They are the very definition of being dependent on limited resources. Do you think phones, TV's, clothing and so on are not dependent on resources? You do know human labor is a resource right? A factory is a resource. I don't even know how you can say consumer goods are not affected by limited resources with a straight face. Do you know that computers and stuff today has a 6-12 month delay right now if you buy them from factories in China? Do you think it will take a year from us ordering computers from a factory to getting them if they were not limited by resources? " In those cases, increased demand increases production and lowers the unit price." - This is just tortured logic. Increased demand does not always increase production. Just because there is a high demand for it does not mean the supply can be increased to meet that demand. There is only so much you can carry in a truck, boat, train or airplane. There is only so many hours in a day, month and year. "Inflation results when people are getting paid without creating adequate value." - Not at all. Inflation is when you expand the money supply. That is it. You can mask the effect of inflation by increasing supply, but fact is that if you have increased production 100% but the price remain the same. Inflation has happened and the money before was worth more than now.
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"So yes, fiat notes are money, they are just unsound money, and they enter into circulation via debt." - No they are not. The fact it is unsound money means that they are not money. Money is a commodity that has inherit value. Wood can be used as money as it has a inherit value. Just not a lot if you live where there is lots of wood. Paper bills decreed to have value do not hold any real value. It holds value because someone say so and not because it has inherit value. Money must always have a inherit value by itself to be money. Fiat Currency is not money because it is currency that has value by decree.
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@castlecircle7612 I should also say that it is price manipulation. The reason they subsidizes it is to keep the price low. Or more likely, keep farmers from growing cash crops which is more lucrative. The farmers will only grow cash crops until the demand for dairy is high enough for them to keep having a dairy farm going. I shouldn't call the subsidizing of the dairy industry socialism-lite or Fascism since it implies a malevolent aim. The reason they do it is most likely not because they want control over the farmers, but to insure that local businesses exist in the US and food is still being produced. If food stuffs like milk, butter and cream all of the sudden shot up in price it should affect a very very large portion of society. If a government allow the people to go hungry because they can no longer afford the food they used to eat, they will no longer remain in government after the election. There is a reason FDR won over Herbert Hoover with 472 to 59 in 1932.
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No it isn't. Currency is just a arbitrary number of exchange commodity used within an economic system. The value of that exchange commodity depends on the supply and demand of said exchange commodity. You can use anything you want. Cigarettes, plastic tokens, gummy bears, even live fish like some Zoos do (since trading rare animals has a stigma). Fiat currency is just a exchange commodity that does not have any limiting factor behind it (apart from paper, ink and so on). The value of a paper bill is 0, its inherent value is 0. It is only given value because someone say it is the only acceptable way you can trade items legally. Just like TIK said. If fiat money was dependent on the amount of labor a nation can produce. How come you can just print more money without providing more labor? It shouldn't be possible if the inherent value of the currency wasn't 0. If you use gold coins you can't print money without first finding more gold.
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The meaning of words can change. You are presenting a strawman here. Presenting a mathematical equation and say they apply to everything in a language is just nonsense. As a counter I want to give you a few words that has changed meaning and isn't caused by politicans and criminals. Awful. Awful used to mean awe-ful once. That something was full of awe and inspiring. Now it has changed to mean something bad, which is a complete reversal. Literally. Literally used and still mean something to be exact. However, the definition has also changed that it means literally the opposite of literally. Gay: Gay used to mean that someone is happy. That is however not the meaning it has to today as no one say someone is gay just because they are happy. All of these words changed because of how people use them. Language can evolve in order to manipulate people, sure. But to say a word can't change because it has a meaning is nonsense. You are acting like words are set in stone and meanings can't change over time. What you are saying here is just complete BS and made up nonsense.
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Well. People today do not know what inflation is so...
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Fiat currency was first used in China around 1000 AD. Yes, Fiat currency was a thing when Marx lived.
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