Featured Channel: Rethinking The Dollar
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Interesting history about US paper money. Thank you Mike for the knowledge.
@pocketchange how does this fit in with your Coinage Theory? It's always in the fine print. Would you agree?
Original @rtd post: https://steemit.com/economy/@rtd/the-truth-is-in-the-fine-print
This is an historically accurate video about the "fine printings" in the dollars notes. What was your intent in showing it to us?
My intent is to introduce Mike and his channel to people seeking to expand their knowledge about our current monetary system.
Also I think it goes without saying that when a currency is valued based on ink managed by a government; the citizens are in for a bumpy ride. Having alternative currencies is important. Silver, crypto, tickets to World Cup games; people should be able to exchange value across borders without restraint.
All currencies are valued based on ink managed by a government. Maybe the Saudi Arabian riyal is based on petrol, but even in Venezuela, that has petrol, the money is based on ink now. Do you know another example?
The point I am trying to get across is that in our scenario it is gov't who wield power to adjust the ink. There are older scenarios (gold/silver) and modern potential scenarios (bitcoin/steem/bitshares) where the "ink" or value is fixed. People can plan their lives according to this solid foundation. It's money; it should be simple!
I'm hoping to see the Legal Tender Status removed from all Federal Reserve Notes... This will take some doing, but it can and must be done, to remove the ever increasing burden of paying interest, placed upon us as a People, by the Central Bank Owners... It's the only way our Potus can Make America Great Again... We need to remove and replace all the Debt Notes, along with the Interest we pay for their use...
I have never in my life seen a video that takes you through the linguistic process of how the government systematically and gradually 'weaned' us off the bullion, more eloquently.
@rtd used a simple but an effective way of sharing the whole process. I need this guy in my feed............... just followed!
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