Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9)

Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9)


Right now the world economy stands at an alarming precipice, but would it surprise you to learn that the events of today are nothing new Give me the next few minutes and I’ll show you that there are Cycles to history that can not only allow you to see the future but to make preparations for the very predictable outcomes You’re about to discover that huge financial gyrations inflation loss of personal freedom and Out-of-control government are all things that we have been warned about for centuries and are the direct Consequences of the monetary system itself. In fact most world history is determined by monetary history So what lessons can we take from the past to help us navigate the perfect economic storm that awaits us Debasing a nation’s currency supply to pay for public works and war is a pattern that just repeats and repeats Throughout history and it’s a pattern that always ends badly in this double episode We are going to create a timeline to show the similarities between ancient Rome and the United States today Just like the USA Rome started out as a republic after Overthrowing a monarchy. So let’s begin with their early economy in around 500 BC In the early days of the Roman Republic for the first 178 years there’s no evidence of big inflation They were using gold and silver coinage mostly as their currency small denominations were made out of copper and bronze Then Hannibal of Carthage Starts to harass Rome in something called the second Punic War and to pay for this war they did deficit spending by taking the coins that they took in in taxes melting them down and Adding cheap and abundant base metals such as copper so that they could mint more coins. This caused a big inflation and The inflation was one of the factors that brought the Roman Republic down to a dictatorship the Roman Empire Most of Rome’s gold and silver was stored in vaults under the floor of their Treasury Which was also known as the temple of Saturn if you visit Rome go to the forum in the center of the city where you can still find the ruins of the temple today and Here’s something I found really interesting The US Treasury in Washington DC has almost exactly the same design So now let’s start filling in our timeline of events to keep track of the major similarities between Rome and the USA We just learned that the early Roman Republic enjoyed a long period of practically no inflation Because they used sound money pure gold and silver Interestingly the United States started on the same path from the late 1700s to the early 1900s prices were very stable Thanks to laws that mandated the use of gold and silver as money and our people were not robbed by inflation But in both instances it was the ongoing debasement of the money for war spending and Public Works that led to economic chaos Tell us the parallels between Rome and What’s happening in the United States today? Well, they obviously two very different societies, but there are some broad parallels Rome was a republic They made sure they had two people each year. Who were the the rulers the consuls? They always changed because the Romans were worried. They’d had a monarchy before very unpopular They overthrew it so they didn’t want anyone getting too much – too many powers What did in Rome no surprise? excessive taxation and debasing the money when you look at the coinage it started out being an exact measure of copper for the Cistercian and silver for the denarii and By the time it was all over worth. Absolutely Nothing with perhaps a wash of silver to make it look like the original thing, which is exactly what we’re doing now So this patterns repeat themselves? They always repeat themselves The Romans were the first culture to understand that a currency maintains its value because of its rarity Julius Paulus once said this device being officially promulgated Circulates and maintains its purchasing power not so much from its substance as from its quantity Even still the Romans never stopped churning out more currency just like the USA Today and the ancient Greeks before them But in their race to debase the Romans came up with some new twists of their own The first of these twists was coin clipping Whenever a Roman would enter a government building, they’d simply clipped the edge off of their gold or silver coin they would save up all of those clippings melt them down and mint more coins expanding the currency supply and when that wasn’t enough they developed the art of revaluation where you just take a coin and you stamp a new value on it you got 1/100 That simple The move away from precious metals to Something less than precious metals and the Roman Empire famously clipped their coins This was a debasement of the currency. There wasn’t a paper currency, but it was a debasement of the currency in the US There’s a very interesting phenomenon going on where they’re not clipping coins But when you go to the supermarket you find that the portions of the items at the supermarket on sale are shrinking, you know The servings on various other consumer products are getting smaller and smaller, but this price is the same So it’s very similar to that old Roman coin clipping trick from 2,000 years ago It’s it’s another form of currency debasement, but it’s hidden through cardboard and marketing and fancy presentation But the people are nevertheless having their currency to baste So why should you care about this the quality of a society is directly proportional to the quality of its money Stable money leads to stable prices which leads to a stable society whereas debasement of the currency leads to the demise of empires The major reason for Rome’s ongoing currency debasement was to pay for their ever-expanding empire and never-ending Wars The precious metals content of their coinage fell further and further until it had next to no Connection with the pure gold and silver that had initially provided them with a stable economy Cut to today and we see the same pattern up until the outbreak of World War one the United States had very high levels of precious metals in its coinage and Treasury notes were backed by gold at a one-to-one ratio From there the USA debased its currency more and more to pay for World War 2 the Korean War and then the Vietnam War until Finally the link between gold and the US dollar was severed completely For those new to the series, let’s revisit The pivotal event that has managed to sneak under the radar of modern historians as nothing more than a side note Even though it will have repercussions for generations to come. It was an unprecedented act of global debasement by a Wanna be Emperor that would make any Roman ruler. Hang his head in shame Most people think that President Nixon’s criminal activities were limited to Wiretapping and spying on the competition, but his greatest crime came on, August 15th 1971 when he severed the last ties between the dollar and gold when he ended the Bretton Woods system. I Have directed secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets Except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States The Bretton Woods system tied all of the world’s currencies to gold through the US dollar but instead of running out and hanging the guy when he took as the world off of gold the world just yawned and Accepted that we were now on a fiat currency system that we were now on this infinitely Expanding system that we no longer had money we had currency Money should be a fixed measure of value. It’s like 5,280 feet in a mile or 12 inches in a foot I gave the example Imagine trying to build a house a twenty five hundred square feet if the foot changed each day It was 12 inches one day 10 the next 20 the next very hard to do if that’s changing Well the center or the clock The the 60 minutes in an hour imagine if they floated the clock So it’s 60 minutes an hour one day 30 the next 90 The next you shouldn’t have to have had just rivers futures to figure out how many hours you’re working. You’re baking a cake I love this example And it says that bake the batter for 45 minutes then you have to figure out is that inflation adjusted minutes? Is it a California minute a Nevada minute just makes life infinitely complicated So when you have a fixed measure When you go to the market you assume if you’re getting 16 ounces of liquid, it’s 16 not 13, not 18 Just makes a con which is the source of wealth people doing things with each other infinitely easier It is very odd That we’ve established a situation where what people do is scramble to borrow liabilities certainly I guess the most attractive Liability in the world or put a different way the most attractive free-trading lie on the planet is the US dollar We joke an investment conferences It’s the worst currency in the world, except all the others if you’re gonna trade it in a lie, it better be a liquid lie What the United States dollar has going for it is the most liquid lie in the world I mean if you think about the advantage that we have now, yes, it’s It’s a horrible thing to do morally but what we do is amazing. It’s amazing that we can get away with this we print a lie a dream on a piece of paper and we ship it to Brazil and they send us coffee and we ship the same lie to Germany and they send us a Mercedes and we ship the same Y to Japan and they shipped us a stereo It’s actually a pretty cool deal I mean, I feel bad about it in the sense, but it’s it’s grandly amusing and a sort of a cosmic sense You just need to understand that somehow some time some way. There’s going to be a reckoning The dollars involved a worldwide as a major currency, so it’s one half of everything we do and It has no definition. I used to get a charge out of asking Bernanke and Greenspan had define a dollar and you know They can’t define a dollar they you know in the old days It was a weight the weight of silver a weight of gold and and that’s what it was supposed to be according to the Constitution Well, dr. McCracken not being an economist, can you explain to me briefly how in the world do you determine? What a value of a dollar is in relation to a French franc for instance If you can’t convert that dollar into gold what standard do you have? What is it worth at all? You determine that’s going to be determined in the marketplace just as really largely it has already So what is this going to do then to for instance the speculator in gold. How is this going to affect him? Is that price going to drop arise the? The official price of gold of course has not been changed That was not that was not a part of this program at all nor is that contemplated? Well, maybe they should have contemplated what was likely to happen because for anyone who had studied history the outcome was perfectly clear Rather than help the economy Nixon’s actions made things a lot worse and the public started feeling the effects of inflation much more acutely It was hard for savers to keep their heads above water unless they had saved in the ultimate stores of value gold and silver Just as it had always done throughout history Gold once again accounted for the expanding fiat currency supply by rising in price to cover that supply Gold had done this as recently as 1934 when the USA’s debasement really started heating up and gold was revalued from 20 dollars and 67 cents an ounce to $35 an ounce Now the process began again as the public bid the price up from $35 an ounce in 1971 climbing all the way to 850 dollars an ounce in 1980 Easily accounting for the massive quantities of currency the USA had conjured out of thin air now that Nixon had removed all restrictions Gold had once again held an out of control currency to answer Getting back to the Julius Paulus quote about the value of a currency being decided by the quantity rather than the content one of the biggest economic Hurdles that mankind repeatedly trips on is that we have never been able to control the quantity of currency And this is one of the reasons why gold has always been the ultimate money. It can’t be printed and it keeps us in check Today, I think cryptocurrencies are a very exciting development and have tremendous possibilities the bottom line is that governments have a long history of trying to cheat gold either through the basement or manipulation of the markets but here’s the thing in the end gold always wins and That brings us back to the Romans who went through many cycles of currency debasement for war spending Then inflation being felt by the public then revaluation of the currency then more debasement for deficit spending on war resulting in even more inflation being felt by the public the cycle repeated again and again Those who were able to hold gold outside the official system maintained their purchasing power those who did not Suffered greatly in two 70 AD Emperor aurelion took power and had the now worthless official coinage recalled and minted again To contain a small amount of silver just 5% this Act brought a new vitality to Rome But unfortunately, it was short-lived as government after government gave in to the temptation of spending beyond their means Eventually wars were funded by levying huge taxes on businesses and the rich This only had the effect of closing down many essential businesses. The more meddling the government did with the economy the worse things became The government started confiscating private property by force to fill their empty state coffers Rome was sliding into ruin and That brings us to Emperor Diocletian His actions are the first recorded example of the following hidden secret of money wage and price controls do not work He came to power as inflation was surging but his decisive actions only added fuel to the fire So because the economy was getting worse and worse Diocletian created a whole bunch of great government solutions. He created a bunch of works projects he hired he hired a bunch of the homeless and People that were unemployed made them soldiers and government employees and this caused deficit spending to just go out of control an inflation raged into what is known as the first documented hyperinflation So to get inflation under control in 301 ad Diocletian issued his infamous edict of prices this was a massive volume of a List of all of the wages and the prices people could charge for goods and services And it was all enforced under the penalty of death So what happened was instead of risking your life to sell something at a profit so that you could stay in business People just closed up shop Instead of doing a job that was listed in the book. That was below a living wage People quit their chosen career and tried to pursue a job that wasn’t listed in the book The result of this was the Diocletian came out with a law that said every son had to go into his father’s business under the penalty of death When governments start meddling with an economy. The result is always the same Prices become distorted. This is a huge danger because prices act as a signal for an economy They indicate to producers and buyers where true value lies The outcome is always economic turmoil shortages and black markets We’ve seen what happened to gold when Nixon started his economic interference so now let’s go back and see what happened when Diocletian started his Jumbo-sized meddling with the economy We know when Diocletian created the Edict of crisis that the price of gold was fifty thousand Denarii per pound and then we also know From transaction receipts around fifty years later. The price of gold has risen to 1 billion two hundred million denarii pound That’s a forty-two thousand four hundred percent Hyperinflation over a 50-year period that would be similar to if gold was $35 an ounce 50 years ago today One ounce of gold would be about a million and a half dollars. Another analogy that I can make is If an average family car was about two thousand dollars fifty years ago Today it would be selling for eighty five million dollars Just imagine 85 million on the windshield of a car at a car lot That’s the type of inflation these poor people suffered through Well weigh wage and price controls Appends an economy gives more power to the government What are price controls? Prices are supposed to convey information. That’s what markets are about knowledge and information So a price will tell you something is dear Oh get out and produce more The price is low. It may be a producer of producing too many of it. So it’s a way of conveyance of information so you devote your efforts to something that people want not what a bureaucrat dictates so when governments trashed the money and Your prices nominal prices are going up The government responses. Oh, they’re greedy speculators or merchants or whatever and so USA You can’t charge as much or what? That means is you get a black market and you hurt the production of the thing the idea that government can substitute For people interacting among themselves is preposterous This pattern of failed price controls is something we see throughout history and across the globe Skip forward over 1,500 years and governments still hadn’t learned their lesson during the chaos of the French Revolution the government Issued a set of wage and price controls known as the law of maximum also imposed under the penalty of death It’s worth noting that when wage and price controls are implemented Government always tries to deflect attention away from the problems that it has created Itself by shifting the focus to businesses who are labeled as greedy hoarders or priced gougers In reality most are just average people trying to keep their business afloat Doing their best to deal with the unstable supply and demand curve Created by government meddling and France was no exception to this blame game During the law of maximum many innocent people were executed food shortages developed and black markets ruled until finally fifteen months later The Act was repealed because it didn’t work and all the stored up energy of government manipulation was unleashed at once Leading to a further period of chaos and inflation for France I agree with steve forbes the idea of wage and price controls is absolutely preposterous Now we’ll skip forward another 200 years and government was added again Many people don’t realize that Nixon’s speech from 1971 also included the announcement of a 90 day wage and price freeze The United States was suffering from big inflation. Thanks to deficit spending for the Vietnam War silver had been taken out of circulation in 1965 reducing our coinage to worthless flex of base metal and the paper currency supply had been expanded greatly Did that sound familiar? Just like Diocletian Nixon’s team of economic boffins thought they could curb inflation by fixing wages and prices The time has come for decisive action action that will break the vicious circle of spiraling prices and costs. I am today ordering a freeze on all Prices and wages throughout the United States for a period of 90 days Working together we will break the back of inflation You’d think that these people would learn from history, but they don’t To get an idea of how out of touch the men with their hands on the economic levers were Listen to what Nixon’s adviser had to say about the duration of the controls would it be your anticipation that it would take more than 90 days to break the back of inflation as the president put it tonight that There would have to be a further extension of an actual wage price freeze. I Would not know I wouldn’t I don’t think one can say that It will necessarily take longer where we’re sailing to some extent and an uncharted see here, but this This I think is is a reasonable estimate of the time that’s going to be required Dan Rather President Nixon is expected to speak for about 15 minutes on his new economic policies The president’s address tonight comes against a background of the following facts among others record high gold prices and rapidly increasing cost of living figures for most Americans the wholesale price index rose by 2.1 percent during the month of May The index of industrial commodities in the last three months has risen at an annual rate of fifteen point nine percent The worst since the Korean War twenty years ago All of that part of the general background of the president’s remarks tonight Every American family is confronted with a real and pressing problem of higher prices And I have decided that the time has come to take strong and effective action to deal with that problem Effective immediately therefore I am ordering a freeze on prices This freeze will hold prices at levels. No higher than those charged during the first eight days of June It will cover all prices paid by consumers What was our effort how were dad signs saying? What kind of an idiot would do the same thing over and over expecting it expect different results each time? And it’s the same pattern. It’s happened to prepend li cycle after cycle after cycle after cycle for thousands of years country borrows itself into bankruptcy It creates more money to try to pay its debt prices go up people rebel the whole system falls apart And I’m scared about it Country’s collapse over this they go to war about this kind of thing rebellion in the street Overthrows a government the whole nine yards there is nothing to be gained from inflation and everything to lose and we’re going to lose everything Around the world people don’t seem to realize that government intervention always makes things worse It’s the government manipulating things whenever you manipulate something and try and control it over here And and not allow the free markets to balance everything all by themselves Something comes squirting out way over here that you just don’t expect for instance the dot-com bubble popped in 2000 Alan Greenspan lowered interest rates to try and get the stock markets back up again, and he accidentally created a real estate bubble That’s now devastating the world Beck during World War 1 they inflated the currency supply tremendously The Federal Reserve was born just at the beginning of World War one we added to the currency supply by adding bonds to our back our currency along with gold then there was this big It’s called the Depression of 1921. It’s the single greatest Deflation that the US has ever seen it’s bigger than the Great Depression the contraction of the currency Supply was huge. The reason nobody knows about the depression of 1921 they’re they only know of the stock market crash of 29 and the Great Depression is Because the government did not rush in to save us the Federal Reserve didn’t try to suddenly lower interest rates down to zero They didn’t manipulate the free markets. They let the free markets work. It was horrible for a year. There were bankruptcies and foreclosures People lost homes and things like that but the bankruptcies and the businesses that that folded there were new businesses that were more efficient that grew up to take their place and when a home gets foreclosed on it gets resold to somebody else and yes, it was horrible, but the people that were leveraged out are the people that weren’t in full control of their finances or the Inefficient businesses that were just hanging on by a thread anyway, yeah, they went under but because the government didn’t rush in to save us and the Federal Reserve didn’t try and manipulate the economy the free markets healed at All and in 18 months was a memory In fact, 10 years later. Nobody could even remember the memory it was gone Mark Twain is often quoted as saying history doesn’t repeat But it sure does rhyme and as you’ve seen from this episode that sure rings true the wage and price controls we will probably end up trying this in the United States sometime in the future and you know They tried it during Diocletian. It didn’t work. It destroys the economy and eventually they have to repeal the Act They tried it during the French Revolution. It didn’t work It ruins the economy and they have to repeal it Nixon tried it it didn’t work It ruined the economy and they had to repeal it. It’s not gonna work the next time they try it This stuff just keeps on happening Over and over and over again and part of it is caused by the four-year election cycle all of the Politicians are worried about what’s going to happen on their watch and they push all the problems forward to them to the next administration They really don’t care what’s going to happen out in the future. They care what’s happening. You know how they’re remembered So I’m expecting this to happen in the United States sometime right now I’m expecting a deflation, but when we get to big inflation or hyperinflation You can pretty much count on the fact that they’re going to make the same stupid mistakes Because politicians do not read monetary history This is just the beginning of the similarities between ancient Rome and the USA in the next episode we’re going to focus on some more amazing events that are echoing throughout history to today and We’ll see what the future holds for the United States if we continue down the same path so many societies have gone before You

100 Comments

  1. Hi folks, if you enjoyed these episodes…please share them and check out the Bonus features at this link: https://goldsilver.com/blog/hsom-episodes-910-bonus-features/ 45 minutes of outtakes, extra comments from guests, and 'Director's Cut' commentary from me. Thanks, and see you there.

  2. And what about all the artifacts that they stolen these different groups hide behind other groups but the national geographical society and its actors and its authors and its Explorer so many artifacts but now are in the Vatican and in God different museums kid in different places how do they get away with that if they do things for the American people how come the American people never know about it

  3. I have noticed for years that products in the supermarket will go on a drastic sale and when they reappear the package contains less product than before–for the same price before the sale; just like presented in the video.

  4. In the bible book Trump 21:33 (obviously the time stamp)

    Historians: You people
    USA: WUT U MEAN U PPL
    #TROPICTHUNDER #reference #cream #wutangisforthechildren

  5. A lot of good truth here…and a lot if speculative bullshit. Assertions represented as facts that weren't supported with evidence not broken down in sufficient detail. Too many unmentioned variables that lead to the catastrophic examples latest out here were complete ly left out as if they weren't considered. This makes this person's theory as foolishly innocent as the powers that be he is decrying

  6. I'm surprised you blamed Nixon for the debasement of our currency. What contributions did LBJ provide with his buildup of the Vietnam war or his Great Society? The disaster was ongoing before Nixon was elected.

  7. Yes Hannibal harassed Rome after Rome provoked via Sicily and Malta. But after the Celts/Gauls which you didn't show in your so called peace years. Your map and time line are terribly wrong. https://en.wikipedia.org/wiki/Hannibal .

  8. Put our economic nightmares aside, our demographic issues are more alarming, we legalized homosexuality, straight people aren't having children.

  9. to compare the might of the Roman Empire to weak United States? The US isn't an empire. Might as well compare it to China, the UK or Japan. What a joke. What great single victory has the US ever won ALONE? Even at the height of its so-called power, it couldn't defeat the Viet Cong in Vietnam. It struggled for years to defeat ISIS, again only with the help of allies, made a real mess of Afghanistan and Iraq. However, the US does succeed in its propaganda and regarding financial, economic and business concerns. But overall, the US is too weak and lacks enough overseas territories to be called an empire. The comparison to Rome is absurd.

  10. I’ve heard this empire comparisons all my life and I’m 73. The United States of America is not and never has been an empire. It is a superpower but not an empire. The US doesn’t have colonies across the globe nor does it rely on other countries to survive. We produce our own food and energy within the country. We don’t have an enslaved population or a permanent underclass. All nations have currency but that doesn’t make it an empire.

  11. This is one of the reasons that we need to force retroactive Term Limits on these scoundrels
    Everyone should check out US TERM LIMITS to help with a article 5 push its up to us to force this on the Politicians because they won’t upset their own Apple cart Carpe Omnia

    I am a Sheepdog
    Fortis Fortuna Adiuvat
    Semper Fidelis
    The Gunny

  12. Lol your foolish. Rome Maryland! After revolution name changed Washington DC. Rome Middle London Name changed after Fire of 1666 ad. Rome ITALY. The BEAST (ROME) was wounded in the head By NAPOLEON. Pope was made a criminal.
    Vatican City · Founded Feb 11, 1929. Rome restored. There is way more to it. I however am not here teach I am the true and faithful witness. https://www.youtube.com/watch?v=YkADj0TPrJA Amen

  13. 20:27 Wage and price controls ARE NOT PREPOSTEROUS, when PEOPLE ARE FORCED TO BUY AT ARTIFICIALLY HIGH PRICES, like CAR AND MEDICAL INSURANCE, under the threat of punishment and sanctions, OR FORCED TO PAY TAXES TO FUND INFLATED GOVERNMENT SECTOR SALARIES. WE NEED PRICE AND WAGE CONTROL OF MANIPULATED MARKETS!!!

  14. 20:21 Done across the board, probably to get people to accept rising prices, in the face. Of an apparent failure of policy?

  15. 26:19 A memory? We are living in spiraling downfall where the stupid, networked, and corrupt, continue to rule, and to promote stupid war/slaughter-for-profit policies, and many other short-sighted policies, like nuclear energy and hncontainable nuclear waste, that ARE the extinction event, slow kill, or not?!!

  16. WE HAVE WAGE AND PRICE CONTROLS NOW! EVERYTHING IS PRICED TOO HIGH, ARTIFICIALLY, the market is rigged to benefit the idle few?

  17. 7:52 Trying to solely blame Nixon for abandoning the gold standard is deceptive at best. The process started in 1913 under President Wilson when he authorized creation of the Federal Reserve. It continued in 1933 when Roosevelt passed the Emergency Banking Act which gave to the president the power to reduce the gold content of the dollar by as much as 50 percent effectively abandoning the gold standard. Actions taken in 1964 and 1965 by Presidents Kennedy and then Johnson removed silver from our coins. Nixon just finished what Democrats had started 58 years earlier but of course he is the only one blamed.

  18. Finally good news this video Gave me a piece of mind. Now I am more optimistic about the future of this country. So if Rome lasted for at list 1200 years, that means USA has 1000 years more as a powerful nation. 🇺🇸🇺🇸🇺🇸🇺🇸

  19. Nixon was a SOB. He did it with a smile as well. He knew what he was doing. And I am a Republican! Is there a party any more that actually represents the people?

  20. So I’m only 3mins in And I get the sneaky feeling by the end of this video you’re gonna to be telling me that I should be buying gold. This is a bit of a propaganda film here? I’ll keep an open mind but I’m pretty sure I know where this is going.

  21. Okay few more minutes later into this. you can’t compare the variable value of things to the fixed scientific quantification of measurement. Sometimes a crop produces more yield then the year previous. And prices have to be adjusted to reflect that. And then the market decides whether they’re willing to pay the price of that adjustment. You choose to shop at Amazon for all your goods knowing full well that this is a zero sum game where you will ultimately lose everything. But that doesn’t stop you because the convenience of today is to irresistible.

  22. This was just epic. Thank you! So do you think America is going to repeat Roman history? What could be the solution? Maybe what you said after the 24th minute?

  23. Just to keep things in perspective you are aware that in the same way that you can’t eat currency or money you also can’t eat gold it’s not very life sustaining. So gold is a bit of a lie in itself. And you can increase mining and techniques for extracting more gold so there’s not really an exact limit predetermined amount of gold the still vast qualities of it in the ground. Nowhere near as much as other minerals but they’re still more of it in the ground so it’s not fixed or static really any more so than money or currency is. And it’s individuals to choose to shop and pay for things they may reduce the size of the bar of chocolate with a clever marketing campaign it is the consumer ultimately that falls for the trick. No one is forcing anyone to buy anything ever. So back to my Amazon analogy it’s just that most people are lazy and go for convenience over the best sustainable option.

  24. All hail the new king King Trump yeah that’s a good idea just make Trump the king and all the problems of the world will be fixed I don’t think so. I mean this is actually a ridiculous video. Autumn doesn’t work spring doesn’t work summer doesn’t work because all of them have to come to an end and move onto the next season. That’s not an argument for not having spring autumn and summer and winter. It’s just a realisation that things are cyclical that’s all. It’s not as if Nixon made a decision at one point and then tried to fix it someone else made that decision life is always been about adjustments. I mean what’s the point in washing your clothes when they just get dirty again that’s not a reason not to wash your clothes this video was fucking annoying to say the least.

  25. 3245: today class we will learn about the 2 most powerful empires that ever existed, Rome and the United States of America, we will start on how they begin and how they crumbled

  26. U.S economy is based on murder, lies, deceit, war, blood, more lies, more murders and the overwhelming stupidity of its citizens.

  27. Why do we put up with governments, I think its time we do away with governments and religions. Too many rats and snakes that is infesting the place. The people need to audit the government and redevelop a new system that caters for the people.

  28. Virtual Money ie, bit coins… makeing your own money? Place whatever value you want. Essentially money is printed as much as we want to. "Government" controlled. No value is why this generation is so careless and have no economic sense. This current (on his way out president) came into office "rich". He manipulates paper… MONEY…

  29. We really are a selfish and stupid race of beings that has no idea of what free will really is….. No clue at all, and this is where zero point energy comes into place

  30. These would be great educational videos IF Only they did not push a political agenda of anti-government libertarianism… which is an Idea 'if adopted in its entirety' would have every senior citizen living under bridge huddled around a 55 gallon drum barrel fire for warmth…

  31. I think Jesse Ventura has an interesting idea of how to fix money and taxes… Have a sales tax and no other taxes. Better still, might be for the government to print money to pay for all governing, as the only tax, with no other. We then could have a true democracy with a constitutional limit on the amount of money the government can print. … Inflation would be the only tax, and there would never be tax forms to fill. There would be no debt and no debt burden. The cost of governing would go way down, and everyone could prosper. Hillary Clinton said '"without the rich, everyone would be poor" That statement is just so wrong on so many levels, it hurts to think about it.
    We have inflation because of money making out of thin air. The problem with this is that the money creation is done as a debt, to pay for debt. It is done at the back end, instead of the front end. Front end money printing can pay up front, like paying it forward. No more deficit spending.

  32. China want to remove dollars out of the chart they want to lunch there crypto currencies dollar will not worth a dime if it drops .

  33. My brothers and sisters, most of us are living a righteous life, but even the most righteous umong us is in need if repentence. All have sinned
    and have fallen short of The Glory of The Lord. Join me in repentence and let us echknowledge our sinful ways, then The Lord will hear our prayers. Don't let your sins be the separation between you and The Lord Your God, even now he is ready to forgive. It is he a lone who offers salvation in the forgiveness of sins through The Messiah Yeshua who was given as a ransom for the atonement of the sins of all the people of the world.

    Luke 24:46-49
    telling them, “Here is what it says: the Messiah is to suffer and to rise from the dead on the third day;and in his name repentance leading to forgiveness of sins is to be proclaimed to people from all nations, starting with Yerushalayim. You are witnesses of these things. Now I am sending forth upon you what my Father promised, so stay here in the city until you have been equipped with power from above.”

    2 Chronicles 7:13-14
    If I shut up the sky, so that there is no rain; or if I order locusts to devour the land; or if I send an epidemic of sickness among my people;then, if my people, who bear my name, will humble themselves, pray, seek my face and turn from their evil ways, I will hear from heaven, forgive their sin and heal their land.

    proverbs 8:13
    Whoever conceals their sins does not prosper,
    but the one who confesses them finds mercy.

    Matthew 3:7-8
    If you have really turned from your sins to God, produce fruit that will prove it! –

    Luke 17:3-4
    Watch yourselves! If your brother sins, rebuke him; and if he repents, forgive him.Also, if seven times in one day he sins against you, and seven times he comes to you and says, ‘I repent,’ you are to forgive him.” –

    Isaiah 30:15
    For this is what Adonai Elohim, the Holy One of Isra’el, says: “Returning and resting is what will save you; calmness and confidence will make you strong — but you want none of this!

    Acts 3:18-20
    This is how God fulfilled what he had announced in advance, when he spoke through all the prophets, namely, that his Messiah was to die.“Therefore, repent and turn to God, so that your sins may be erased;so that times of refreshing may come from the Lord’s presence; and he may send the Messiah appointed in advance for you, that is, Yeshua.

    Romans 2:5-10,12-13
    But by your stubbornness, by your unrepentant heart, you are storing up anger for yourself on the Day of Anger, when God’s righteous judgment will be revealed;for he will pay back each one according to his deeds. To those who seek glory, honor and immortality by perseverance in doing good, he will pay back eternal life. But to those who are self-seeking, who disobey the truth and obey evil, he will pay back wrath and anger. Yes, he will pay back misery and anguish to every human being who does evil, to the Jew first, then to the Gentile;but glory and honor and shalom to everyone who keeps doing what is right, to the Jew first, then to the Gentile.All who have sinned outside the framework of Torah will die outside the framework of Torah; and all who have sinned within the framework of Torah will be judged by Torah. For it is not merely the hearers of Torah whom God considers righteous; rather, it is the doers of what Torah says who will be made righteous in God’s sight.

    Matthew 3:8
    If you have really turned from your sins to God, produce fruit that will prove it.

  34. I would love for someone to come over to my channel to tell me why this video should be thumbed down objectively speaking…

  35. NO ONE CAN BUY AND SALE
    WITHOUT MARK OF THE BEAST
    WE OUR
    NOW
    IN THE LAST DAYSS
    THE REVIVING OF THE WOUNDED BEAST

    WHO is THE WEALTHIEST NATION
    OF THE WORLD
    BEING INVADE AND COLONIZE by the western power
    TAKEN OUT HIS GOLD AND ROB HIS GOLD
    Even king solomon fetched a gold in
    The land of Gold
    Even the world bank recognize this nation the wealthiest of gold deposit .. even the former president of america😁😁😁😁😁😁😁😁😁😁

  36. SO SHWEEEETTT…much love Tee with LIONS NAMED LEO.[the music worldwide}

    us help us all always and expose evil always .

  37. Facebook Libra could save the US and it's allies from economic collapse as an alternative like Gold. Zuckerberg is an underrated Hero.

  38. Fiat currency is far better than gold IMO… Imagine we capture an astroid in the near future (highly probable… Mining $$$).
    Now we suddenly have quadrillions if not quintillions of dollars of gold entering our economy (more than we have in the entire world right now being circulated) all in the hands of whatever private company does this. How is that better than dollars?
    Idk if not having gold backed dollars is such a doomsday scenario… We've been living in the same world that Rome occupied yet we're still here

  39. Here is where you are wrong, if you are trying to spread fear against the USD. There are several world currencies, and each is compared against the others. The thing that debases a currency is "expansion of the money supply". However, by percentage, the USA is not as bad as other countries. Weird, as bad as we are, and we are horrible, other countries are worse. A good natural inflation would be half a percent a year, but there should be inflation.

  40. So are you telling me that our top financial and government people did not know what they were doing in the early 1970s? And since then ?

  41. Mike: The reality is, weather we like it or not that, that without debasement there are simply not enough funds to build the neccessary infrastructure, maintain the military and create economic activities to the whole society, especially in a situation with ever increasing population. Yes it would be possible in a stagnated homogenous society, with a stable population where ressources are never a problem. But when population is growing, when there are external military threats, you cannot cope with the incoming expenses without a temporary monetary debasement.

  42. No they just think they are fooling people by making the package smaller unless food in it. People are not as stupid as the government thinks they are, but the people of the country cannot do nothing about it. It's all about the government and their corruption. And the Republican Party

  43. That's because the Government are there to get themselves rich they are prostitutes that take payoffs and the hell with everyone else. The federal Reserve is the big Pimp and the tax payers we get fucked.WE have to demand to print our own money and people need to stop depending on the Government to fix your life stop being lazy, Socialism is definitely not the answer unless you are a marxist professor college indoctrinated moron. The government is nothing but a mafia only care that the system stays in place and the voters like douche bags keep on voting for the same trained liars. We need to start holding and demanding for the political whores to serve fewer terms and stop getting payoffs from lobbyist and even foreign country's, also investing in America no matter the cost and worry about out future not some foreign leach.You notice that people like AOC go in there broke and come out multi millionaires ??? Even Bernie who never held a real job ! serving the people right! then you have people making comments how all society.countries fail well we have only been a super power 422 yrs. The  Ottoman Empire    1299- 1922  Roman Empire 1200 yrs.  and you millennial want to throw in the towel ? wow your Marxist professor has taught you well or is it CNN , go smoke your pot and watch the Kardashians  soon with that attitude you will be speaking Chinese.Whats wrong with that? Ask Taiwan .

  44. I think is funny how the government works they could stop poverty but decide not to do anything about it money is nothing but numbers just make money and give it to the poor stop being greedy if Jesus was here that’s exactly what he would do he would make unlimited free credit cards and give it to the people.

  45. In a constantly changing world, it is very possible to do the same thing over and over expecting different results, not always so idiotic.Why do we idolize Einstein? How smart is a man who used his genius to create the most destructive force the world has ever known?

  46. hello I greet you in god name how are you I wan you to help us  we don have food to eat we wan to buy food god knows everything about me I wan your help in sake of god ::can you help me in sake of god because we don have any help am always struggling my   family to have food but I don have any help from people I wan you to help me 250 Dollar  that will help me to buy many food for my family and it will enough for us

  47. America is coming to its breaking point looking at this time line lol…. not funny but look at us in 2019 homeless is the norm, college students can't find jobs in debt. Gold,sliver and the dollar only has value because we give it value for structure but to ignorant to realize our mistakes…

  48. A fiat currency is a sure sign of a Republic in decline. We should be constitutionally bound to use gold and silver to back up our currency. All currency should be redeemable in Gold and Silver. As it is now we are just pretending that paper is money. When in reality it is just paper. Silly humans.

  49. Public works = bad. Got it.
    We should still be throwing our crap out of second storey windows into the street.

    Let's ignore the accumulation of most 'money' by very few people…../.

  50. It crashes every seven years that means it'll crash again in September 2021. this is because no one observes the Shimitah in Torah: The 7th year Sabbat of the land.

  51. In Gibbons "Fall of Rome" book I always remember he mentioned that a single "measure" of grain cost 2 sesterces at the dawn of Rome….. but that by the fall of Rome the same measure cost 2 million sesterces. Obviously no-one could carry such a load of coins around……so credit recorded on tablets became the way of balancing the books……..and the only way to reset would be to destroy all records of loans ( such as burning the entire city if possible )

  52. God has judged Nations and leaders on how they treat the Nation of Israel, in history, all the Nations, leaders and empires that rejected Israel, God rejected them and they collapsed but the one that embraced Israel, the Almighty God blessed them.
    The ones cursed
    USSR
    NAZI GERMANY
    BRITISH EMPIRE
    OTTO MAN EMPIRE
    GREECE EMPIRE
    ROME
    SPANISH EMPIRE

    the ones blessed
    OTTO MAN EMPIRE
    ALEXANDER THE GREAT REIGN
    USA
    CORITHIANS
    EMPEROR ATAXUSES

  53. Brilliant stuff…should be required viewing in all US classrooms and households.Why ? because it's not a documentary it's a prediction.

  54. There's the flipside to the "consequences of taxing business" you cited here: consolidated wealth in the absence of regulation, resulting in monopolies of the sort we had throughout the 19th century, when there was no consumer protection, workers' rights, or environmental protection measures against the onslaught of modern industrialism. I didn't hear you get into that comparatively modern ingredient of laissez-faire capitalism! The biggest threat we have now – unlike any other in human history – is acclerated climate change due to unfettered industry over roughly the last 200 years – and public complacency to warnings of data from the scientific community, propagated by the corporations (much the way cigarette companies denied cancer-causing factors in smoking for decades, to keep those sales rocketing!). The radical shifts we're seeing unfold around the planet from manmade causes like destruction of the rainforests, relentless fossil fuels in the atmosphere, and dying marine life from industrial waste will inflict more on our economic existence than anything else. Hand a deregulated global market to the oligarchs (e.g., Trump's friends in Russia), and it'll perpetuate. The surest way for a society to commit suicide is by ignoring scientists.

  55. Here's the history I believe you deliberately sidetrack, and what did NOT exist in the Roman Republic, the age of the robber barons. https://www.youtube.com/watch?v=W4c9jhzoV44

  56. Yes, but there were still down turns of economic panics in the18 hundreds. How do they relate to stable gold and silver backed money?

  57. Nuclear Annihilation, I stopped watching at 0:34, because that has not been warned to us for hundreds of years, Nuclear Annihilation.

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