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Title: Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson

Added: Dec 29, 2008

Author: ChrisMartensondotcom

Duration: 7:26

Description:
Chapter 9 (A Brief History of US Money): Beginning with the panic of 1913, this chapter touches on important events in the history of US money, such as the creation of the Federal reserve, FDRs confiscation of private gold, the Bretton Woods agreement, and Nixons slamming of the gold window. We learn that the current international monetary system of unbacked currencies is only 37 years old, and is operating outside of the standards established by the Bretton Woods agreement. The system were operating within has not been planned or designed: it emerged out of a crisis. Dr. Martenson also provides graphs of total US Federal Debt, and Total US money stock, both of which are growing with no end in sight. http://www.chrismartenson.com

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Channel: News

Tags: finance  financial  crisis  economy  economic  crash  course  collapse  depression  1929  peak  oil  renewable  energy  stock  market  exponential  money  fiat  currency  gold  silver  inflation  iraq  war  bailout  bernanke  chris  martenson  ron  paul 



finance  financial  crisis  economy  economic  crash  course  collapse  depression  1929  peak  oil  renewable  energy  stock  market  exponential  money  fiat  currency  gold  silver  inflation  iraq  war  bailout  bernanke  chris  martenson  ron  paul 

Youtube Comments: 172

Atombombmother Says:

Aug 19, 2011 - the current debt is a result of the Republican controlled Congress of the early 00's and President Bush failing to pass balanced budgets. Why couldn't they do that? You already have the answer in your video. The debt accumulated with interest to fund wars but more importantly revenue was left uncollected by Bush's "temporary" tax cuts which mostly went to the rich. In fact, the tax cuts contributed more to the real estate bubble than any action by the fed.

TacticusPrime Says:

Sep 11, 2011 - The flaw in the Bretton Woods system was that it kept foreign currencies unreasonably weak against the US dollar, giving them a strong advantage of the global market. This was fine when Europe and Japan were on their backs, but by the late 60s and early 70s it was clear these economies were recovered and the system was vastly unfair.

stocktradinginvestor Says:

Oct 20, 2011 - LOL, no one uses paper anymore money is going digital. Also, the US owns more gold than any other country, it is a HEDGE against their own mismanagement of the money supply. In a gold standard, there would be no free market hedge and when the government spends more than they should, we would owe our debts in gold. If that's what you want, we might as well ship the gold off to the international banks now!

stocktradinginvestor Says:

Oct 20, 2011 - the depression was a soverign debt crisis, it wasn't a domestic issue but a global one. Dont' believe everything you read, or everything that coincides with your political bias.

AngeliqueEU Says:

Nov 1, 2011 - Funny ... but I think Europe is doing the same === printing money out of thin Air.Also our money is not backed up by GOLD anymore ... so we are in the same sh*t

mrfwest Says:

Nov 1, 2011 - money in the US isn't printed on paper its printed on cotton

christo930 Says:

Nov 18, 2011 - "with all the major allied powers attending"Did the Soviet Union agree to the Brenton Woods agreement? It seems odd that a communist dictatorship would have gone along with this scheme.

aquajet9x9 Says:

Jan 1, 2012 - before Nixon: $23 = 1 ounce gold

aquajet9x9 Says:

Jan 1, 2012 - go to  usdebtclock(dot)org

JJbones88 Says:

Jan 17, 2012 - after Nixon took out the gold standard, did the gold really stay in the 'vaults' or where did it end up

annelinehiesevtj Says:

Jan 21, 2012 - ChrisMartensondotcom, wow that's crazy. That's spurting from someone who s the shortest on his team but can dunk with EASE. I followed the nba training program at 50inchvertical. com and gained past 13 inches on my vertical.

samquan123 Says:

Jan 23, 2012 - those u.s old bills is look great, today new bill come out is look ugly and look like iraq and russian money.

fakemadereal Says:

Jan 24, 2012 - But isn't gold the same as money in some way? It is only as valuable as people perceive it.

TWSceptic Says:

Jan 25, 2012 - Actually gold IS money. $ = fiat currency so not really money. Seems you missed part 1, 2, 3 from this course. :)

meisimeydenxbj Says:

Feb 11, 2012 - @ChrisMartensondotcom nice vid, reminds me of someone I know - me - haha. I'm 5 8 and I am able to windmill dunk. I took the famous workout plan that pro players including Kobe Ray Allen and Areans used. If you want more info about the program, check out - 50inchvertical(dot)com

TheNecropolis20 Says:

Feb 14, 2012 - its impossible for the US to be backed by gold. theres only been about 6.9 trillion dollars of gold ever mined on earth. US gross domestic product is nearly twice that.

TyZi187 Says:

Feb 27, 2012 - There could be 1oz of gold on the planet and we could have a gold standard. The amount is insignificant all a gold standard does is tie the value of the dollar to steady base that is not easily manipulated. Gold of course can be manipulated but with a real floating exchange rate we could hold inflation too a minimum. The FED should be abolished and the govt should directly print their own money without interest rates. This would save the country from TOO BIG TO FAIL institutions.

jridenoure Says:

Mar 19, 2012 - double-plus-ungood

plki901 Says:

Mar 24, 2012 - at around 5:00Its called inflation...

AwokenTigerEyE Says:

Apr 1, 2012 - WAKE UP AMERICA! WE'VE BEEN SCAMMED!!!! 

pretorious700 Says:

Apr 4, 2012 - of course it's possible, it requires a radical re-pricing of existing gold.

MrLivePositive8 Says:

Apr 14, 2012 - Hahaha....=/

MrLivePositive8 Says:

Apr 14, 2012 - I live in CA and it is horrible, I will leave ASAP!

EmilioCasavegas Says:

Apr 28, 2012 - Except that the value of commodities isn't bound in the absolute by dollar prices of today. If we switched over to gold, the intrinsic value of gold would increase, until supply (supply is the value of the gold in this case) met demand.

Rico8458 Says:

May 8, 2012 - sad to say but karl Marx said this would happen to the greedy corporations how they will screw the common workers. and i hate communism. we are doomed.

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