Where Does Money Come From? – Hidden Secrets Of Money Ep 5 – Mike Maloney


This episode is brought to you by the
new GoldSilver Vault App Get it for free at HiddenSecretsOfMoney.com The entire world is facing a debt
driven disaster the scale of which has never been seen before in human history.
The situation is now so severe that we’re left with only two options: default on our debt, or inflate it away.
You can already hear people blaming the free markets and even money itself for our problems and to me this is just
tragic because we don’t have free markets any more and we certainly don’t use real money,
This is the real reason for our problems: Our money itself has been corrupted. It’s not just an issue of economics, this
affects your freedom. When this crisis hits people will be
screaming for the government to do something, when it was the government who caused the
problems in the first place. Many societies have faced this dilemma in
the past and we can learn what the outcome might be simply by studying what they did and
comparing it to what we’re doing today. So while I was in Germany I decided to
stop by one of my favorite museums and take you on a kind of crash course
on the history of real money, how it evolved, and the twin dangers that
arise When Money Is Corrupted. I’m here at the Bundesbank Money Museum in Germany and this is one of the best
museums I have ever seen. Right at the very
beginning of the museum you walk in and it starts
with barter, you know originally the first form of currency
was livestock… the problem with livestock though like
for instance this cow, if I traded this cow to you for
something and somebody else wants to trade you something else that has a much lower value you can’t make
change! A system that relies on barter is very
inefficient because you not only suffer from the problems of divisibility you also rely on the hope that you’ll
find someone who has a good or service that you need who wants something that you have at the
same place and at the same time. In economics this
is called the Coincidence Of Wants. Now add the fact that most goods have a
shelf life before they perish and you can see why barter systems held
mankind back for so long. So what was it that solved the
Coincidence Of Wants and propelled us out of the Stone Age and into space? It was
the invention of money. Money is not evil, it is a magnificent
tool that allows us to trade our specialized skills and to store our economic energy.
Without it we be struggling to feed ourselves each
day and our average life span would still be thirty.
In episode one we learned that real money has to fulfill certain properties in order to function. But twenty six
hundred years after its emergence people still confuse money with currency…
even the so-called experts. So they’ve got here some of the things about what money is, the first
example here is ‘Money is whatever goes’ So, ‘in earlier
cultures commodities such as cattle stones or medals were used as money.
Buyers took the value of the goods on trust when making their
purchase. Today too, money is a question of confidence.’ So, the currency today isn’t money today we’re
using currency… that’s the only reason it has any
purchasing power whatsoever, it’s because yesterday your experience was
that it purchased something so you have faith
that it’s going to purchase something tomorrow, otherwise it has no value. ‘Whatever form
it takes reliable money has two characteristics:
It is genuine, and it is stable. People can rely on its
value.’ Well you know what fiat currency around the
planet has maintained its value? They all fall in value so right away you can
see the difference, they’re talking about currency here and when they say it’s genuineÉI mean what
is genuine? A counterfeiter, somebody that’s running
their own printing press in their basement is making genuine notes as far as he’s
concernedÉthey’re genuine counterfeits! These things that just come off a
printing press well yeah, it’s a genuine lie from a central bank or government that you’ve
got something that’s going to store value for you because it doesn’t over long periods of time…
it loses value. ‘Gold banknotes and electronic money (meaning electronic currency) may be
stored, divided up or transported. As its
material value has declined over time, its genuineness has had to be beyond question.’ Well this one
says that it’s got to maintain its value and right here they’re contradicting the the next one. The one thing here, gold is the only thing that they’re
talking about that has not lost its value. ‘In the past rare goods
were used as money. Today central banks must ensure that the
supply of money is restricted.’ Well what are they doing
all over the planet today? They’re lifting all restrictions on how
much currency they are creating… they’re flooding the planet with currency.
The next display shows the usual museum pieces that are described as commodity
money cowry shells, representative axes, cocoa
beans and the like. While these worked better than barter
none of them were actually money because they all had a weakness, one or
more properties of money that they couldn’t fulfill. Therefore they are commodity CURRENCIES not
MONEY. Some of these were widely used right up
until the beginning of the 20th century and there’s some stuff here that I
haven’t seen beforeÉ Here’s something very interesting, this brick of tea, its value is in the intrinsic, it’s in the commodity
that you’re using, it’s the tea. But this one has a certain fungibility
to it, each unit would have the same value and you can make change. You can
snap these things apart into units of six, it’s portable it’s
not that heavy, this one fulfills quite a few functions and money… I would not imagine that is that durable,
and probably doesn’t wear that well. And now we come to the emergence of real
money. Here we have little pieces of metal, just little
pieces that have been broken off bars or something that was cast, other
little blobs of metal. They were traded as a currency you
know they had purchasing power they had an intrinsic value but they still weren’t fungible which
means interchangeable… every one of them has a different value,
you can see that some of them have a higher silver
content, some of them have a higher gold content. These are called electrum, a mixture
of gold and silver, naturally-occurring. What you notice is
that this is from the 7th century BC and then between the seventh and the
sixth century were talking about somewhere between 680 and 630 BC the
emergence of true money. Here we’ve got four coins, the large one is a one-third stater coin, and the other three are one-sixth stater coins. Each unit is interchangeable,
it’s now a unit of account you can take so many of these in trade
for so many have loaves of bread and you don’t have to break out your
little scale and weigh them any longer. With the little chunks of metal you had
to weigh every transaction that was going on and you
had to weigh whatever your payment was and then take a guess as to what the purity
was. Here you have some standards that were
set by mints and guaranteed by those mints. These are a unit of account, they’re
fungible, every one of them is interchangeable, their portable, they’re durable, in
your pocket over long periods of time, they’re divisible you can make change. You
can see there’s a one-third stater and one sixth staters. And they’re a store in value
over long periods of time. These still have purchasing power today 2,600 years after they were made. Another thing that I find really
interesting is that between maybe 680 BC in the year 300 BC cultures all around the world, they all gravitated toward gold and silver coinage
as money. The entire world sort of decided
altogether that gold and silver were money. Why?
Because the free markets keep on selecting gold and silver as money
because of the properties that they have. So now we get to the room of real money.
This is a vault door and this is where they’ve got all the
great examples of the real gold and silver coins so come on in and join me. So here we get to the first display, here’s
gold and silver, what they’re using to make money and here we have some very
early representations of gold and silver coins. And, I love these displays, they start
with coins in Lydia so these coins go back to the very first minting of true coinage. So here we have…
starting the 6th century BC, and then it goes up to the 3rd century
and then from the 5th to the 11th century and
the 13th to the 15th century and these displays just go on and on
with the history of real money, gold and silver. And here
seventeenth and eighteenth century, here we come to the 19th century and now we’re all the way up to the 20th
century here. And here we come to our first example
government issued fiat currency this is a from China this is
from 1375 and what’s interesting is I have a chart that compares the value have the paper
currency in China compared to silver, and there was a hyper
inflation of this currency it wasn’t backed by anything, it wasn’t
backed by taxes it wasn’t backed by anything. The Treasury they could just print this and so this
went into hyper-inflation because the government was just running
its budget by just doing deficit spending by printing. And then I’m gonna skip to sum of the
colonial currency. This is the United States and each one of
these currencies is printed by a different state, we’ve
got Maryland South Carolina, North Carolina,
Connecticut, New York, this one here is particularly
interesting it’s printed in the fourteenth year of the reign of King George the third, it’s dated March 25th 1776 so this is just a few months before
the declaration of independence. it says here ‘Tis death to counterfeit’ This was printed just before we started coming out with the
continental dollar which went into hyper-inflation because
of pure deficit spending on the Revolutionary War. And so…this is the wall where real money gets corrupted. This is where
it all turns to paper which sometimes is backed by
something but it can be a lie, they can print more than they have of the stuff to back it. As we learned in Episode 2 one of the
first things the country does at the outbreak of war is to suspend redemption
rights so that their currency is no longer
redeemable in gold. This is exactly what Germany did before
World War one. After losing the war they suffered
through one of the worst hyper inflations on record when they were burdened with massive
reparation payments to France and the Allies. These heavy penalties stifled the German
economy and brought it to a standstill leaving the country with the same two
choices all indebted nations have faced throughout history: Default on their debt or inflate it
away Defaulting was not a viable option as
they were completely impoverished, weakened, and surrounded by armed forces
ready to take their land. Since the currency was no longer tied to
gold it was decided to light up the printing presses and inflate their way
out, paying the debts with new currency
created out of thin air. This had drastic consequences, check out
some other this Weimar currency. The display starts with one mark that
actually purchased something, but soon the notes rise to the thousands,
then the millions, then the billions, and finally the
trillions. It’s mind-blowing. You’ll notice that I’m
laughing a little bit as we move through the museum but I’m not laughing at the people, I’m
laughing at the stupidity of central banks, and of governments, and how we never seem
to learn from history. OK, and this is an example of different currencies used during the
hyper-inflation and they call some of it inflation money
and emergency money. This is interesting, they
figured the way out of hyper-inflation was to print more! So, ‘In 1923 the value of money fell by
fifty percent or more per day.’ That means prices are doubling every day,
it’s falling by fifty percent. ‘Nearly everyone spent their money as
quickly as possible on bread, shares and other safe assets.’ Well
I don’t consider shares safe assets, actually the stock market
did not keep up with the inflation. ‘However, this rapid circulation only
served to stoke inflation even further.’ That’s
the function of velocity of money it’s just a when velocity picks up it’s just like expanding the
quantity, it has the same effect. ‘At the end, even 144
printing companies working for the Reichsbank could not keep
up with the demand for banknotes. Emergency money issued by cities, local
authorities, as well as banks and other enterprises started being
circulated.’ So everybody was issuing currency to add
to the currency that the government was printing like crazy! ‘Although bank notes
with face values of trillions of marks were issued the vast demand for moneyÉ’ That’s not correct! ‘The vast demand for CURRENCY
led to a paper shortage. Printers used anything that could be found
including wool wood and silk.’ So so here’s some examples
of wood, wool and silk currencies over here. So this is a great example of how
even here, in a museum of what they call ‘money’…
this is the Bundesbank, one of the world’s great central banks,
(if you can call any central bank great)Éthey don’t
understand the difference between money and currency! They’re calling all of this
‘money’ and it has nothing to do with money,
it was a promise to pay money at one point, and then it was a broken promise. People have
faith in these government created currencies and it allows governments to basically rob their own people. The
government erased the debts that they had left over from
World War one by just hyper inflating the currency and basically that transfers all the
wealth of the middle class to the government. The government
inflated away the debts but they also inflated away the prosperity of their entire population. When we were in Germany we got a chance
to shoot in front of the Bundestag, which used to be called the Reichstag, and
it felt… it’s very very significant in that…out of monetary crisis
you very often see the political landscape
change dramatically. It’s the middle class of a country
that defines the country with their vote they’re the largest sector of any country, about
70 percent. And a currency crisis like a
hyperinflation wipes out and impoverishes the middle
class, and they become filled with fear, and it’s very easy for somebody to come in and prey on
that fear… and dictators arise out of hyper-inflation, and this is one of my
greatest fears as far as the United States goes. I think that we all have to be very very careful and very watchful for
what happens in the future. A few years ago I was interviewing
Congressman Ron Paul and he said ‘I think that there’s going
to be a financial collapse before they come around to thinking seriously about
monetary policy but the real thing we have to worry
about is not the loss of our wealth, it’s the rise
of a dictator, it’s the loss of our freedom.’ What’s
interesting is that the rise of Hitler, there were two times where he played on
the public’s fear, he could never have come to power had there not been a hyper inflation
back in 1923. Just one week before the end of that
hyper-inflation that’s when Hitler made his first big
public appearance. Playing to the public fear Hitler and
his storm troopers took over a beer hall
called the BurgerBraukeller that seats around 3,000 people and he
took the stage by gunpoint, and to this literally captive audience he gave a speech that would change the
world. Because of the hyperinflation the audience had been recently
impoverished, their wealth had been stolen by the government running the printing
presses, and so they’re all scared. He offers them a scapegoat and tells
them he’s got the way out. He became very popular after that and the
very next day the people that we’re listening to him
followed him in an attempt to overthrow the government. He was arrested, tried and convicted of
high treason, and served time. While he was in jail he
was provided with a private secretary, Rudolf Hess and he
actually wrote about half ‘Mein Kampf’ while serving time. But once the economy started to recover Hitler lost that leverage, that power, he
could no longer play on the fear of the public, once the economic situation had changed.
By the middle of the Roaring Twenties he had become a joke. The Nazi Party had
gone to less than two percent of the vote, then along came the Great
Depression, and Hitler seized this opportunity again.
He was the first politician to actually campaign by aircraft hitting multiple
cities in a single day and the Nazi Party went from two percent
of the vote to the second largest party in Germany. So playing on the public’s fear Hitler
was able to take away the rights and Germans,
all these guaranteed rights in Weimar Constitution private property rights, the right to
assemble, public assembly, the right to privacy in the mail, the
telephone system, he’d just took away all their rights and
seized power. So this is some of the things that
we have to be concerned about and be very mindful of… Economic crisis very often leads to the
rise of a dictator. Yeah the fact that this was just seventy
to eighty years ago, basically there are still people alive
today that experienced this, but enough of them have died off to
where the warnings fall on deaf ears. Berlin is
a great example of another massive danger to individual freedom that
economic crisis can bring: the swing from capitalism to
collectivism. After world war two the city was
basically divided in half the West being capitalist and the East
communist. Germany was reunified in 1990 but even
this short period of separation showed the vastly different levels of prosperity
that the two systems achieved. So this is the famous Checkpoint Charlie
and what’s interesting is how quickly an
economy can heal. Just twenty years ago you would have
seen a tremendous difference between the East and the West you’d have one side that has tall buildings and is much
more industrialized and new and then one side that was that’s
very old and gray. It was one of the best examples of what a state-run society does to an
economy. How the more the public relies on
government, the worse the general economy gets. What happens you know in capitalism you
have the greatest disparity between the poorest and the richest
individuals and there’s a backlash against that and
you see this happening in waves and cycles, this cycle that goes from capitalism to collectivism. Here, the example, I mean you had this line
going right through a city and one side of the city that was very poor
and the other side prosperous by comparison. Now when
we go toward collectivism, they want to eliminate this great disparity between the poorest
in the richest individuals, but what happens is it that they don’t raise
the standard of living for the poor up here, they drag the whole economy down
so that everybody ends up living down here… except for the people that are in
running the government. Collectivism is a danger because we’ve
proven time and time again that it doesn’t work. The evidence is in. If you look at
history it’s clear that maximum prosperity can only be achieved through individual freedom, free markets and
sound money. You’d think that we would learn from history, but
I’m going to show you a few more displays from the museum that prove conclusively we haven’t. And this is where we are
today, this is a sheet of Fifty Euro notes
and these just come out at printing press bam bam bam bam bam just like those notes did! and the entire world today is
sort ofÉ every central bank across the planet is
creating currency like crazy right now, toÉI i think we’re going into deflation
so they’re trying to stave off deflation right now, by printing their way out of it. So here we’ve got some examples of
the technology that governments around the world are
putting into their counterfeit currency so that the public can’t counterfeit the currency that the
governments are now counterfeiting. So you’ve got all these holograms and
watermarks and different threads and different types of the paper, and then here’s this big old printing
plate where they pop these things out a mile a minute, and right now they are hyper inflating
the base money around the world – the paper money. We’re going into a
deflation of the credit money – that voodoo hocus-pocus
currency that the banks just type into the computers, that’s starting to collapse where this stuff is expanding. So we learned in episode 4 that modern
currency creation is a complete scam, but a whole lot of people had trouble
believing that it could be true. The European Central Bank has this
awesome display that shows you exactly how it’s done and it’s basically the same as our episode 4, so here’s a quick recap
thanks to the ECB. Basically the central bank and the Treasury swap IOUs, the central bank
writes a check and the Treasury issues a Treasury bond which is an IOU and that creates currency, and then somebody is paid, it gets deposited into a
bank account and a thousand marks – they withhold
10 percent so right here they’re already telling you that his bank account is a lie, he
deposited 1000 in it, they only withhold 100
in case he wants some of that and then they loan out 900 which then she buys something from this guy he
deposits the nine hundred they borrow ninety percent of that and
leave just 10 percent on deposit for him and the result is that it expands,
every 1000 ends up creating 10,000, or every one dollar creates ten
dollars. You know they’ve got the result here –
it’s all sort of a voodoo hocus-pocus scheme. One of the great things that I’ve
noticed here is that throughout the museum they keep on proving the point that even though this is the Bundesbank
museum… they prove the point that
fiat currencies that come off of a printing press, eventually go to zero, that they’re really
worthless. This says’The ideal goal of all monetary
systems was to ensure that money is trustworthy
and kept in short supply. Metal-based currencies restrict the
money supply because metal deposits are naturally limited. However, during the industrial revolution in the
nineteenth century the rapidly growing economy needed a
means of payment which could adapt flexibly to
this growth.’ BALONEY! You can have a fixed currency
supply and when you have economic growth it means that
the currency gains in purchasing power. ‘In the 20th century uncovered currencies
(meaning un-backed currencies) have been the norm. In
principle the money stock could grow unchecked.
This is why central banks must ensure that the money stock is in line with
economic growth.’ Yeah, right! So here we’ve got my buddy Milton. Actually Milton was a sort of semi-free
market economist, he won the Nobel Prize, so he’s considered the Dean of the Chicago
School of monetary thought, which are ‘Monetarists’ – they believe that we should have a Federal Reserve and it should
expand and contract we currency supply to achieve a stable prices. One of the
problems with Keynesians and Monetarists and so on is that they
think you should expand it and contract it but they never contract it! They just, you know Keynesian: You’re
supposed to spend when the economy is bad the government’s supposed to spend and
stimulate and then withdraw currency from
circulation to keep us from going into a bubble caused by the expansion of credit and
the spending that they did during the bad portion in the economy so
they take this rubber band and they stretch it
and is supposed to come back, but they never do that, they just keep on
stretching it to infinity! And here we are right now, where we are in the world is that that
rubber band is about to snap with every currency on the planet. And so
I’m in instability, and deflation, inflation let
me see maybe I’ll cause a hyperinflation… Uh! It just went off the inflation scale I
guess I did cause a hyper-inflation… oops! And now the whole thing is
collapsing! I this game of inflation and deflation
has never worked, right now we’re on the precipice of the
whole system collapsing and just like the game, our monetary system will reset. This is
where the twin dangers we learned about may rear their ugly heads so it’s up to all of us to learn from
history. I mentioned earlier that it was the invention of money that allowed
humans to prosper and rise out of the Stone Age, but money is
only part of the equation. What use is money if you don’t have
freedom? So what’s going to happen? Will we
default or inflate our way out of the mess we’re
in? Since 2005 I’ve been stating publicly and I also wrote in my book that I believe
we’re headed toward a series of events involving a short term deflation, followed by a big inflation or
hyperinflation. If you really want to learn how this
inflation might affect you and your family join me at HiddenSecretsOfMoney.com
for this episode’s exclusive presentation, It’s a special video that shows where I
believe we are on this economic roller coaster ride and how I think it’ll play out. So for
now what can you do? 1 – share this video on social media and
subscribe to our YouTube channel. 2 – Educate yourself by watching the rest of
this series, and 3 – Take action to protect yourself and your
family. Learn what you can do at HiddenSecretsOfMoney.com
I’ll see you there. Should I buy half million or a million? Let me see how much, this is not gonna
travel well in the suitcase…but it would be good to have a million euros wouldn’t it? Tough decision, so okay I’m gonna buy a quarter million Euros so here’s 50 Euros for your
quarter-million and uhhÉ. yeah, and I get change back! It’s about 8 euros to buy a quarter million Euros. OK Okay and what’s interesting is these are
going to eventually be in here. And it won’t be too long before these end up like this. Oh, and we get some a chocolate gold coins!
Danke. So that’s our tour of one of the best
monetary museums I’ve seen so far, but what amazes me is that they still just don’t get it! This episode was brought to you by the
new GoldSilver Vault App Get the latest silver and gold prices, news,
videos, and track your holdings using the virtual vault feature all in the palm of your hand. Get it for
free at HiddenSecretsOfMoney.com

Comments 100

  • ummmm hate to tell ya this but war will always be here unless we share the earth's resources with one anther that is the only way…. every human gets enough resources to live comfortable (food,water,house,clothing,transportation)

  • Hidden secrets of money

  • they created the war, so the common people dies. and used the problem to create new currency system and transferred all the power to the govt. they can print however they want. then finally took rest of the leftover stability the ppl had and inflate into thin air. they dont lose in war, no govt does, just the people. elites dont die, stays in power, have all the money. we need to wake up to see the lies and realize its a plan. evil vs good.

  • Money is never evil but the love of money is the source of evil.

  • You laugh at capitalism whilst promoting capitalism? Strangely informative and weird series you got going on!

  • You are quite wrong about Hitler and the NSDAP. You are confusing authoritarianism with totalitarianism and he scapegoated no one. The same people who print the currency were the ones who won WWII. If they also own the media, how do you think they will write history?

  • The history about the Jews in Germany goes much deeper than this.

  • 19:01 Devil's eyes…

  • why you did not reach me out for all this time ?

  • He does not give us the public what is the solution even though he is promoting the purchase of gold and silver.

  • We blame governments, banks, secret societies, corporations, and so on for becoming corrupted and evil..
    But we can not blame them for their existence when we have allowed them to rise…
    The problem is not just their existence but our own ignorance towards what we have allowed them and in many ways helped them to become… The solution is to become aware of what your have helped to manifest in to reality which is the world that you experience today.. But we don't do that and so we march backwards on the road of ignorance only to realize it leads to nowhere.
    Forever repeating what we already know because we can not create a better future based upon the past.

  • You are incorrect about Hitler. Hitler ousted the central bankers and delegated currency creation back to the government. The new currency was called labour treasury certificates and was not based on the debt driven system we have today but instead was backed by the productive labour of the citizens (the source of all real wealth). The money was then spent on vast infrastructure projects such as the autobahns. Anti-usury laws were also passed which forbade the charging of interest. These measures led to the German economic miracle and the re-employment of 6 million previously unemployed workers. It is also the real reason Germany was attacked by the Allies and Hitler removed from power. The same happened to Gaddafi when he tried to bring in the African Gold Dinar.

  • Love Berlin, looks like you had fun Mike 🙂

  • You need to revise your section on Barta. According to David Graeber “Debt The First 5000 years” there is no evidence of barta in any civilisation. (He is an anthropologist.) What came first was credit and money after that. This makes sense if you accept, that in small groups we know what we owe each other, and act accordingly. Cheers. Jason

  • all types of intrest also crash market.

  • 21:46 is the beginning of the most eargasmic tune (score) captured. Can I please have the name of the artist. And BTW, you guys do really good work. All of your series are on repeat. 🤞🏾

  • carmel bugeja

    2 days ago

    it compelled everyone– small and great alike, rich and poor, slave and citizen—to be branded on the right hand or on the forehead, and made it illegal for anyone to buy or sell anything unless he had been branded with the name of the beast or with the number of its name. rev 13:16,17

  • These banks rule the world
    Rothschild bank of London
    Warburg bank of hamburg
    Rothschild bank of Berlin
    Lehman brothers of new York
    Lizard brothers of Paris
    Kuhn loeb of new York
    Israeli moses seif bank of Italy
    Goldman Sanches of new York
    JPMORGAN Chase Manhattan bank of new York
    Rockefeller family
    House of suad and few other globalist rule the world

  • BITCOIN IS REAL MONEY,,,,,,, Dollar is just a matter of time to hyper inflation– is already happening 2018

  • Please consider the Global Resource Bank solution at https://www.grb.net

  • Best videos I have ever seen on money, Mike. Well done, sir.

    “So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money?"

  • You should wear your seatbelt

  • Adolf Hitler, the Man who fought the Bank https://www.youtube.com/watch?v=n6oCiC0KyCY

  • hi president (adolf) trump! bless nazi america!

  • Mike maloney never ceases to amaze me –his knowledge and way of thinking is so valuable. Love the perspective and the history lessons!! Fantastic job Mike

  • The more the public relies on the government, the worst the general economy gets!

  • FAKE NEWS! POLITICS BEHIND THIS VIDEO. only now i have realized that this stupid BANK THINK tank is an asshole. I WILL TELL YOU WHERE MONEY COMES FROM AND WHERE IS IT BASED… IT IS BASED AND ON THE SWEAT AND BLOOD OF ALL THE WORKERS IN THE WORLD AND ALL THAT MOTHER EARTH CAN PRODUCE. now money is simply printed by local country banks and IMF is given a report on how much is printed and destroyed. NOW CONTROL of MONEY IS LIKE SAYING "PEOPLE BE LAZY"- value of money goes down or "PEOPLE WORK HARD" – value of money goes up.

  • All the rights being taken away sounds like my home, the people’s republic of California

  • Bitcoin is basically meet all the criteria. Damn wish i know this 5 years ago.

  • What you are referring to is called communism, or else egalitarian socialism. You keep saying "collectivist" but Hitlers National Socialist Germany was both collectivist and prosperous, so was Rome, heck most empires in their heyday fit such a description. Capitalism did not make these nations strong, nor their economy wealthy, but always appeared alongside decadence as the empire entered decline. Their can be endless problems with a state-run economy, but state-run does not at all equate to anti free-market, the free-market being a prominent tenet of Fascism as an example. Further, capitalism does not equate to prosperity.

  • 9:50 they gave u 2 options on the first paper currency. Accept it or die.. lol kind of easy to see how we got to this stage we live in noe

  • Hitler real name shklegruber child out of wet lock to the Roth Childs WW2 was an economic event that was staged like a Holly weird movie to put the people in dept,

  • I don't know why your saying that Milton Friedman was pro federal reserve. He was not.
    https://youtu.be/m6fkdagNrjI

  • Money cannot buy happiness!

  • Slaves revolt in the end!

  • It's called centralization btw not collectivism. Just a vocabulary correction.

  • Then came the bitcoin

  • At the end of the day whatever currency is held most by the rich, may it be gold or other, will be the currency instead of the dollar. Which will be ditched!

  • Great job Mike. The truth is what fights evil and eventually will overcome. It is impossible to wrap your head around the level of cover-up it took to hide all of this from the people. You sir are a Patriot.

  • What Coin is that in the Thumbnail?

  • xrp to the moon

  • Money is created on the printing press. But wealth is created in your mind.

  • so everything is effected by money even in the last days that beast system in which wont work. or is this just another one that failed as they always will. even in chip form it will cause chaos. looks like live life the best let money not tear us apart. greed is the issue and warning by the old

  • its 2019 and petrodollar war is beginning to rumble.

  • So all the US government needs to do is print a few trillion dollar notes and their debt is paid off (don't forget to blame the fallout on the previous administration)

  • As Australia's vast amount's of natural resources are raped by the 'World Zionist Government' .Voting is rigged fools !Generational Australians who built Australia and fought in two world wars fighting and dying for the freedoms of other peoples countries, by sacrificing hundreds of thousands of our beautiful Australian 'Men'.  Now those Australian families are being exterminated generationally and replaced by mainly foreign third world moronic breeders . Who better fit the world zionist corporates plans for better Modern Pavlovian Helotism.! What makes the best slave ? The one who thinks they are free !

  • Currency should have 50% stockholder value whosoever possesses the dollar bill can get 50cent coin from any bank the other half of the dollar is the banks-

  • Banks should pay double wages get rid of the IRS.

  • The USA Is Guilty Of Molesting Gullible Persons Specifically, THOSE WHO BUILT, TOILED, & SUFFERED A LONG TRAIN OF SURPASSES. LMAO 🤣 THEY ARE DOING Y'ALL MAJORITIES NOW.

  • muito bom video oportunidades que gostamos http://www.seunegociomilionario.com/id14M01J24/

  • 16:09 He predicted the 2016 elections. damn!!

  • Please read the book J.,.,e.,.w.,i.,.s,.,h Domination of Weimar Germany by Eckart Verlag, and The Myth of German Villainy by Benton Bradberry, and Mein Kampf, and Gottfried Feder's work. Check out Brian Ruhe and Brother Nathanael Kapner's youtube channel's. Why is the world in such turmoil, when the supposed 'most evil man to ever exist' has been defeated? Was it all a lie? Do the research. Why is the focus always on the National Socialists, and not the J.,e.,.,w.,i.,.s,.,h Bolsheviks (even Putin admitted the Bolshevik leadership was j.,.,e.,.,w.,i.,.,s.,.h) who murdered tens of millions of White Christian Russians, and Ukrainians? What about Eisenhower's concentration camps which killed up to 2 million Germans AFTER the war? Again, please do the research.

    Also, what is with the spelling errors? Is that part of some secret communication?

  • This video it's literally gold

  • Money is the means of wealth EXTRACTION from the many to the few. The media is used to sell propaganda promising citizens wealth and freedom whilst this is happening and they are being walked into debt peonage and slavery. The propoganda keeps them compliant, mesmerised and docile!!

  • Shame I didn't see this 6 years ago!!

  • Essentially the barter system exist even today

  • However the interesting thing about currency money that is cash weather is it in digital or physical form is that it is more stable than any other economic value such is your land maybe zero or maybe trillions of dollars but however the currency is table within a certain limit it is not sway on that upper and lower limit so investing in banks savings does make sense as much as other investments matter

  • Is currency should be backed by something tangible, well how do you exactly know that even gold will be valued gold may be gold may not valued too, maybe the barter system in technology is the only real value thing

  • Sir please all episode in tranlate in hindi

  • Thank you Mike! You're making millions of people aware of this scam we live in today. I will be forever grateful for what you've done. I'm now ready for whats coming all because of the information you gave me. Again thank you Mike!!!

  • They are not spreading the wealth.

  • If we get a dictator, it will be a progressive socialist who will take us full communist like Chavez. Obama laied the seeds.

  • According to Gresham's law "bad money drives out good money", so it's only natural that people will spend the bad money and store the good one, that's why the nonsense of "buying coffee with BTC" is not likely to happen. People in western countries with stable currencies don't get Bitcoin, it is not a payment system… It's a way to escape our shitty currencies and our abusive governments…

  • Dear Mike, it's the real and invisible (to the general public) dictators that you should fear… The hidden hands you so aptly describe in your video "The Federal Reserve. Biggest scam in the history of manking"…

  • You forgot tell the audience that Capitalism is the reason why we are in our present situation.  These greedy bankers and the US Government have created the greatest scam of all, the Federal Reserves.   Capitalism allows these bankers to take from Peter to pay Paul.   This Ponzi scheme will eventually end badly for most Americans.

  • What the west did to Germany was reprehensible yet they are portrayed as this great evil. The globalist elites led by Rothschilds and Rockefeller controlled the narrative and wrote the history books.

  • Thank you for telling it as it was (and still is!) and for not demonising the German people!!! Love from Germany. 🙂

  • As another mentioned below indeed we are so used to work with paper currencies that we are taught to think that this is actually money, this is wjat we should thrive for. So to many, talks about decentralization and investing in gold or silver sound like an effort to escape the system, to be an outlaw. But actually this series shows how governments wants us to feel and think that way, and we should all educate ourselves and invest in our own future!

  • Money is evil even I like it. People kill someone because they have money to buy guns. We gets Countries have many wars because some Powerful rich Countries do that to go to steal their Oil , Gold , etc… Money is Evil but money can be bless , too when someone isnt selfish , cares about humanities . That is good money .

  • Why can't Government just print money for every American to buy house , a car , or Airplanes or boats without worry about being poor . We don't need to be poor or owe anybody ,they can just print enough money , so each Americans can become Millionaire or Billionaires . Why do we have that Debt . I study Macro Economics 201 but really , I don't owe anybody money in the World , the World owes me money .

  • If I had that Machine for Printing money , I will print money for each human in the World. I just need papers .

  • I think these rich people have the Machines for Printing money by Midnight when we are sleeping . I am 54 years old , I have been trying everything to get rich , I am still living in Government house when I call my self that I am Economist and I understand Finance !!!??? Hahaha ! No , Policy Makers watch any cent I , invested , tough to be black in America , Certainly Virginia , but I won't give up , that is why I went to school for Business Accounting Major and read a lot of Finance books . I will make it , some in where , in some what . Thank Michael Maloney . God bless , Sir .

  • Bitcoin.

  • can someone hep? im looking for his video where he explains currency creation from the debt banking system…its kind of cartoonish and shows the debt stacking really tall over time…

  • Bitcoin is a question of confidence

  • The prophecy of Revelation 13:16-17 will be fulfilled. The Bible does not err.

  • Lucky what saving the USA is because our dollar is the petrodollar

  • Over 1 million inmates use trade everyday

  • 8euros will buy you 1/4million euros

  • Mike what is your thought in bitcoin?

  • Great video and informative.. I never seen…thank you

  • The best explainer online on this topic

  • It reminds me of Zimbabwe's 1 trillion dollar note

  • Still a great video, one of my favourites

    All still relevant today, more so to be honest.

  • it is not the intire world that decides to use gold or silver but merely a small group of ppl ,who seem to gain the most of it

  • Gold and silver when i will come to usA then you may provide it then response sheet if you provide then no problem if no letter it should be keep and hide at flight centers . Now i request it is cash account for gold silver hide at you when comes then released to me it will be reach it.

  • I have so many oppertunities created i say any how first i will be honour by aUSA then after do other things in positively going .

  • It's so weird: Germany went through financial hell after the two wars, and still, there it is, at the head of the world economy. Then, is inflation So evil after all? I think greed is worse: Deutsche Bank!

  • Bitcoin brought me to this place! ⚡

  • What he has found would have been impossible to know in many peoples' lifetime. I wonder who is the person who talked about the fractional reserve system and creating money out of thin air FOR THE FIRST TIME.

  • Thank you so much!! Should an excellent series. Your talent explaining topics of finance, currency, trade, etc…is wonderful.

  • Where are we now 5 years on

  • I have actually thought that US might become a dictatorship

  • So gold and silver will save us during economic crisis?

  • quick…chop the money into smaller pieces and use it to buy things!

  • I love this information. It's happen again because nobody bother to know about money! Knowledge about money is very important.

  • This is the traditional explanation of how money and currency should work, but is wrong. He advocates a currency that is backed by something be it gold, silver or any other means of value. The point is that gold for example is believed to store value, but tell me how. Perhaps if you put it to use such as in jewelry or artifacts but not sitting in a bank's vault. In that case any other useless 'thing' would do. There is no problem printing and creating money as needed to make an economy run. The main purpose is to satisfy ALL people's needs. Both money and currency are just the vehicle, the means to fulfill society's goals.

  • More people need to wake up to this.

  • Should look at Zimbabwe for a recent example of hyper-inflation makes Weimar looks like a walk in the park.

  • Hi mike!
    I am currently in Dubai. The price rate of gold is less than in your website,. Which one you suggest to buy from and when is the best time to buy ? Gold or silver ?

    Thanks in advance

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