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140 Years of Monetary History in 10 Minutes (8/27/2013)

By WhyGoldAndSilver :

This week's video is a flashback to Episode 2. We received many comments from you on the blog thanking Mike for explaining the Seven Stages Of Empire so clearly, but there was definitely one segment of the episode that was a clear favorite and had viewers asking 'Why wasn't I taught that in school!'

So for those of you who haven't seen it -- strap yourselves in for 140 years of Monetary History in Ten Minutes.

By the end of this clip you'll be able to answer for yourselves:

- Are we overdue for a new monetary system?
- Is war good for an economy?
- Why did Nixon sever the link between all currencies and gold?

Please share this clip with those who you think could benefit from this great presentation, I'll be back with you next week with a preview of Episode 3.

- Dan (Director for Mike Maloney's Hidden Secrets Of Money)


http://youtu.be/wD3KYlpE2lk

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Cyril's picture

The Great Silver Market Myth...


http://youtu.be/IHcusYVwNWc

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Another good example to use

Another good example to use to show the failure of fiat:

In 1950, a silver quarter could buy a gallon of gas. Today, a silver quarter can buy a gallon of gas. But that requires someone who values silver over dollars. How long will that confidence last, considering that silver hasn't lost its purchasing power and the dollar has?

Cyril's picture

^^^ BUMP.

^^^ BUMP.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Question

Nixon said that he will be suspending gold convertibility temporarily. It's been 42 years, TIME IS UP !

"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."

Cyril's picture

We French are always SUCH A PAIN IN THE BUTT !

We French are always SUCH A PAIN IN THE BUTT !

Or kind of... (@ mark 4 mins 55 secs)

But that Nixon, SUCH A FREAKING FRAUD, anyway !

And HOW THE HELL could the world fall for HIS TRICK on August 15, 1971 ?!

(that only very few, like Dr. Ron Paul, immediately found fraudulent)

Prof. Sabrin on Ron Paul's early interest in politics (because of the Federal Reserve and Nixon's shock) :


http://youtu.be/Qr7nL2xIZqI

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

How could the world ALLOW Nixon to pull this?

The world is desperately trading in dollars back for gold, and in the middle of it, Nixon steps out and says "At this time, the US will simply JUST STOP ALLOWING the conversion of dollars to gold..."

How could the dollar holding world stand for this? Nixon did not just simply "move away from a gold standard." Nixon just said "we are not giving back any of the gold, we'll keep all of what we currently hold." And the ONLY VALUE that the dollars held... were as GOLD RESERVE notes.

MINDBLOWING!!!

So I don't know how the US escaped the outrage of the world? And why this event does not still make people sick?

The threat of warfare?

The threat of warfare?

Cyril's picture

Yeah... I see what you mean...

Yeah... I see what you mean...

But you know, nothing man-made lasts forever, so you can also look at it as... what only was a deferment... before ineluctable crises.

I just hope the American idea will be able to survive the harsh times after they have come.

If it does make it thru eventually, we'll sure have played a role we or our survivors will feel good about.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

See also:

Gold Swindle: The Story Of Our Dwindling Gold:
http://www.dailypaul.com/276680/gold-swindle-chapter-1-the-g...

Gold: Worth Its Weight In $50 Bills:
http://www.dailypaul.com/295873/gold-worth-its-weight-in-50-...

US To Trade Gold Reserves For Cash Through Cash4Gold.com
http://www.dailypaul.com/280591/should-the-government-stop-d...

Don't feed the pandas. Ever.

Yes We Must Share This

One of the simplest, non-technical explanations of our monetary system in regards to gold and history I have ever seen for sure. Bravo.

DJP333's picture

Great video to share

Keep educating the people closest to you. They will come around. I can see it recently with my own family and friends.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Viewing Parties

We ought to show this to the family at Thanksgiving.

What do you think? http://consequeries.com/

This is a nice short video but the timeline is just a little off

He states at the 1:02 mark ……that everyone left the gold standard when we got to World War One and then we went on a gold exchange standard between the wars and so in the United States we went on a 40% gold standard and printed 50 dollars’ worth of receipts. It makes it sound like we didn’t devalue the dollar until we went on the Gold Exchange Standard between the wars.

OK I UNDERSTAND THAT WHAT I AM SAYING SOUNDS LIKE SPLITING HAIRS AND I SHOULD GO WITH THE FACT THAT IT’S A GOOD VIDEO AND JUST KEEP MY MOUTH SHUT……..BUT LET’S AT LEAST GET THE TIME LINE CORRRECT.

Here’s how it went……in 1913 the USG deposited the Treasury Gold at the Fed and it was over the next 4 years that the reserve ratio was reduced to 40 %.........increasing the money supply by two and half times.

Then the dollar was further devalued by the USG when they confiscated the gold from the public. Then with the Federal Reserve Act of 1934 the official exchange rate was changed from 20 dollars per ounce to 35 dollars per ounce. This devalued the purchasing power of the dollar by 75%. This is why people hated Roosevelt so much…..it wasn’t because of all the New Deal Programs……it was because he robbed them of their lifetime of wealth with the stoke of a pen. The New Deal really started under Hoover anyways…….why do you think they called it the Hoover Dam?

The Gold Exchange Standard really was a product of Bretton Woods established in 1944…..there could been a defacto gold exchange standard between the wars….but I don’t think it was official policy.

This is a longer video but it really goes into much greater detail and Ron Paul is in it. At about the 22 min it states the deposit of the gold into the Fed in 1913……..which the first video stated….but confused the devaluation scenario……..sorry just splitting hairs.

http://www.dailypaul.com/297413/140-years-of-monetary-histor...

This is the best computer

This is the best computer graphic explanation I have ever seen of what is really going on with fiat money. I have saved a copy of it to my computer.

Thank you for the link.

Can you please explain how to save a copy of this to my computer

I know I can save the video URL but that is only saving the URL - not the actual video itself.

So if the video is ever not on the Internet, it will be lost.

I'd like to save the actual, video but I don't know how to do it.

Thank you.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Cyril's picture

You can for instance use Firefox

You can for instance use Firefox along with this add-on:

https://addons.mozilla.org/en-us/firefox/addon/1-click-youtu...

But it's only one of them; there is a number of other competing add-ons to do the same thing with that browser and others.

'Hope this helps.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

'Welcome!

'Welcome!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

First law of Tyrants and Ferengi;

Wealth is created but not destroyed. Wealth created is simply transfered to more powerful hands.

Gilligan's picture

very good, thank you

Very educational and engaging.

Google is government.

Cyril's picture

'Much welcome.

'Much welcome.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Note:

Note:

as mentioned in Episode 2, Mike was giving this presentation (here, a 10-minute excerpt) in private to a few European financiers. He wasn't authorized to show them / who they are, but was authorized to film himself and release this for the general public.

So, thank you, Mike.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius