Quote:
Originally Posted by the indigo
Anybody should watch "Money As Debt" on Youtube.
It's very well done and explains how the money works.
And guess what? 99% of the people have no idea.
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Totally Agree! If everyone in the world or just the US, lost faith in the fact that a dollar bill could actually be exchanged for something we needed or wanted - the whole system would collapse. A dollar bill is effectively something we have been trained to believe has some worth, but really it's just paper.
At least when money was pegged to gold we could at least guarantee that we could get gold in exchange, which is worth something due to its scarcity. But so long as we believe a piece of paper is worth something, money can be printed endlessly, and those who control the printing presses have the true power. Forgive me if my terminology is slightly incorrect, and my argument slightly incoherrant - a little drunk here. But I have much more to say on this issue, and will do so when sober!