Monetary Education 101

This is episode 4 from a 10 part series called, "The Hidden Secrets of Money." If you don't have time to read up and do more research on how currency is created, how monetary policy works, etc, this is the quickest way to learn the core of it in simplified terms that's easier to understand. Now if you do not quite understand it still, don't worry, the system isn't supposed to make sense. It's a paradox, a ponzi scheme, not meant to be understood by common folk.

What is Sound Money?

Sound money is money that is not prone to sudden appreciation or depreciation in purchasing power over the long term, aided by self-correcting mechanisms inherent in a free-market system. The foregoing definition presents several implications about how we view sound money and how we should approach money in general.

Central banks across the world manipulate money ostensibly to “grow,” or “stabilize,” or otherwise achieve their desired interventionist goals for the economy. However, large swings of the purchasing...

Summary:

The central bank of the United States (and the same is true in every country) is a purely political institution. Powell isn’t some monastic who stumbles in from his desert retreat to soothsay the economic future. He’s neck deep in the Washington swamp. He just happens to be very good at what he does, which is why he still has his leather chair in the Fed building. Like all Fed chairmen, Powell is a paid alchemist who transmogrifies, with magical economics-sounding incantations, the usually stupid ideas of politicians into seemingly de-politicized...

This audio is based on, 'Capitalism: The Unknown Ideal.' It is a collection of essays, mostly by Ayn Rand, with additional essays by her associates Nathaniel Branden, Alan Greenspan and Robert Hessen. The book focuses on the moral nature of laissez-faire capitalism and private property.

To understand what Ayn Rand is saying one must first understand that there is no free market economy in North America. What we have is a mixed economy, a system where govt intervention dictates which businesses get an unfair advantage and are allow to grow while others are stopped.

The primary cause of the recurring “boom and bust” business cycle is central banks like the Federal Reserve creating money out of thin air. This was first explained by Austrian economist Ludwig von Mises over a century ago. His student F.A. Hayek won the 1974 Nobel Prize in economics for his work on this theory, which is now known as Austrian business cycle theory.

Bond and equity markets have collectively seen one of their worst years on record.

This may come as a shock to those who have followed mainstream financial outlets over the past two years, as everyday...

With a recession looming over the average American, the group to blame is pretty obvious, this group being the central bankers at the Federal Reserve, who inflate the supply of currency in the system, that currency being the dollar. This is what inflation is, the expansion of the money supply either through the printing press or adding zeros to a computer screen. It has gotten so bad that in the last twenty-two months, 80 percent of all US dollars in existence have been printed, from $4 trillion in January 2020, to $20 trillion in October 2021.

This is always how recessions start: the...

Fiat currency is currency that is forced by decree of a government that has no actual backing of value.

This is a great playlist of short, to the point videos, that discusses what government has done to pervert our money supply. It starts with why you should study money and is a very simple but good way to learn about sound money.

Part 1: Why Study Money?
Part 2: The Origins of Money
Part 3: The Mystery of Banking
Part 4: Money and the State
Part 5: The Creature from Jekyll Island
Part 6: The PhD Standard
Part 7: The Consequence of Politicized Money
Part 8: The Fall of the Gold Standard
Part 9: The Future of Money Political or Private?

This guy breaks down 10 myths of government debt. Now it is just a simplified way of describing it, the scenarios are just for illustration. Obviously in real life wages don't keep up with inflation.

Here is another look, by The Hated One, at how the Federal Reserve props up big banks and helps rig the system in favor of the rich. Thus socializing money and not allowing free markets to work properly.

The Federal Reserve system is not there for the American people, like is so commonly thought and even taught. It is a banking cartel, ONLY looking out for the interest of the banks.

We are all in service to a money system based on simple injustice. It floods rich people with money taken from the poor. Money is created out of nothing for those who already have lots, and who know how to make more.

The system is not only unjust, it is also extremely bad for our world. It favours the insatiable and those with no sense of morality. Inequality becomes massive. Citizens who chase money without any consideration of the harm their activities do are given power. The outcome is our world today.

The longer we put up with this injustice, the...

When you go out to take a loan from the bank, whose money are they lending? Are you getting money that they have in the vault?

Answer: Nobody's! Bank lending creates money that did not exist before. To the extent that any "reserves" are needed, the Fed can manufacture them at will and then some via QE as the above chart in the link shows.

Q: "I am a bank and I make loans. Whose money am I lending?"
A: Nobody's

You are creating new money. Lending creates money out of nothing, and that money is deposited somewhere, creating...

Why does the government NEED inflation? What's so bad about deflation and why will they fight tooth and nail to prevent deflation from ever happening? Jim Rickards explains it plain and simple! Skip to 9:53 to find out!