6
Jan
Jan
http://www.wealthmoney.org
http://www.moneyaswealth.blogspot.com
Byron Dale, America’s leading mind on monetary change takes some time to talk about how our monetary system was changed from an evidence of wealth to an evidence of debt causing economic collapse.
Duration : 0:9:34
Tags: Amero, bailout, Byron, Collpase, Commerce, Dale, Debt, Depression, dollar, economic, law, Martial, monetary, obama, Petter, plan, Schiff, Transportation, us, wealth
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on Tuesday, January 6th, 2009 at 6:18 am and is filed under Debt.
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4 Responses so far to "ECONOMIC COLLAPSE - Byron Dale - From Wealth to Debt - Part 1/3"
January 6th, 2009 at 6:18 am
I don’t know that I …
I don’t know that I agree with his essment that we are as productive today as ever. Our factories going overseas, businesses outsourcing overseas so that the customer service rep. can barely be understood when you have a question, little farming, little gardening in the country. It’s all a sign that we only like to consume. Not produce. Therefore, in that way, we don’t have the wealth to back up the dollars printed out of nothing. Dollars outpace productivity.
January 6th, 2009 at 6:18 am
That’s a common …
That’s a common misconception. The amount of gold and silver needed to trade is the amount that exists. If you had a fixed supply then prices would adjust the same way they adjust to the continual inflation of fiat dollars.
All you need are the appropriate denominations to trade with, not a certain amount that somehow matches fiat dollars.
The zeroes at the end of dollar-denominated ets are arbitrary. The only thing that matters is purchasing power, not the number of zeroes or ounces.
January 6th, 2009 at 6:18 am
Great Vid.
Great Vid.
January 6th, 2009 at 6:18 am
There is only so …
There is only so much gold and silver out there. I think if the dollar was back by gold and silver only a certian amount of people could be wealthy.