The History of U.S. Money

What’s a piece of paper worth? Not much, unless it’s very special paper. If the government prints on it, then you can spend it just about anywhere, right? Well, today, yes. But American currency hasn’t always been such a sure thing. When this piece of paper was originally printed, you could get a lot for…

Why The Dollar Won’t Drop To Zero

Last week we talked about several events that have been taking place outside ofthe United States specifically a report that was issued by Christina Lagarde.Yesterday we got additional confirmation from Christine Lagarde and we also gotit from Ray Dalio the gentleman’s head of Bridgewater &Associates talking about the US economy and a global staggering economyworldwide.…

🔴 How the Fed Paved the Way to Trump (w/ David Stockman)

DAVID STOCKMAN: The Fed, led by Bernanke, increased its balance sheet by 1 and 1/2 timesmore than had occurred during the first 94 years of the Fed’s operation.13 weeks, 150% of what it taken 94 years to create.The balance sheet of the Fed was $500 billion at the turn of the century.It had taken roughly…

Does U.S. debt matter? | CNBC Explains

U.S. debt is ticking up.In fact, every second, national debt increases by thousands of dollars.So just since you started watching this video, debt has gone up.U.S. national debt is more than $21 trillion.Yep, that’s 12 zeros!Having trouble visualizing it? Well, think of it this way.You could wrap $1 bills around the Earth more than 80,000…

What is the Gold Standard?

Why did the United States leave the gold standard? Basically, because the gold standard constrained the federal government.I get a lot of questions from students about the gold standard. For example, what is it?And why don’t we have one anymore? I will start by explaining what it is. Under a goldstandard, the monetary unit is…

Bitcoin is worthless (but so is your “real” money)

Hi, my name is Xavier, and when I talk about cryptocurrencies, I often get comments sayingthat Bitcoin, Ethereum, and others aren’t worth anything.That people are just artificially creating its value.And you know what, that’s true.I also hear that they’re not real because it’s only virtual money, not physical.That’s true as well.But in this video, I…

Bitcoin is worthless (but so is your “real” money)

Hi, my name is Xavier, and when I talk about cryptocurrencies, I often get comments sayingthat Bitcoin, Ethereum, and others aren’t worth anything.That people are just artificially creating its value.And you know what, that’s true.I also hear that they’re not real because it’s only virtual money, not physical.That’s true as well.But in this video, I…

Bitcoin is worthless (but so is your “real” money)

Hi, my name is Xavier, and when I talk about cryptocurrencies, I often get comments sayingthat Bitcoin, Ethereum, and others aren’t worth anything.That people are just artificially creating its value.And you know what, that’s true.I also hear that they’re not real because it’s only virtual money, not physical.That’s true as well.But in this video, I…

Why The Dollar Won’t Drop To Zero

Last week we talked about several events that have been taking place outside ofthe United States specifically a report that was issued by Christina Lagarde.Yesterday we got additional confirmation from Christine Lagarde and we also gotit from Ray Dalio the gentleman’s head of Bridgewater &Associates talking about the US economy and a global staggering economyworldwide.…

🔴 How the Fed Paved the Way to Trump (w/ David Stockman)

DAVID STOCKMAN: The Fed, led by Bernanke, increased its balance sheet by 1 and 1/2 timesmore than had occurred during the first 94 years of the Fed’s operation.13 weeks, 150% of what it taken 94 years to create.The balance sheet of the Fed was $500 billion at the turn of the century.It had taken roughly…