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video library Commodity Money vs. Fiat Money Uploaded on Friday 12 June, 2020 to the illusion of money What gives money value in the modern economy In earlier times, paper money started out as promissory notes for gold or silver deposits. Those who deposited their precious metals for safekeeping much prefered to carry around these notes of paper, which were just as good as the commodities they were backed by. What ultimately gave these promissory notes currency was their use in trade and commerce, as they were used over time to facilitate transactions. Thus began the medium of exchange of paper money that we all relate to through our use of bank notes. This tutorial explains the subtle differences in commodity backed money and fiat money, which is essentially declarative value backed by our faith in the monetary system. This video is courtesy of the Khan Academy whose YouTube channel is available here. 0 Comments sign in to comment  |  register an account featured video Click the icon to load the player or launch the popup the illusion of money the sea of tranquility the espionage ring the psyop theatre the media circus the world order miscellaneous more videos your comments Freedom Song (They'll Never Take Us Down) Neil Diamond's tribute song in solidarity with Boston British MP groomed at the Bilderberg Rory Stewart defends his attendence at Bilderberg Carroll Quigley on Chatham House The expansion of the Royal Institute of International Affair... President Eisenhower's Farewell Address A prophetic warning against the potential influence of a vas...  Load More Suggestions

Bill Still Interview   Published on Tuesday 20 September, 2011   Bill Still talks to Max Keiser on the Keiser Report E186. Still, an author and award winning documentary producer, discusses Fort Knox, the Fed, state banks and monetary reform. view comments  |  post a comment editorial vault » the money trust Ellen Brown Speech   Published on Monday 21 May, 2012   Ellen Hodgson Brown, President & Founder of the Public Banking Institute (PBI) and author of such books as "The Web of Debt", The Public Bank Solution", addresses the PBI 2012 conference in Philadelphia. view comments  |  post a comment video library » the globalist cabal Victoria Grant   Published on Tuesday 8 May, 2012   Victoria Grant, seen here aged 12 years old, addresses the first annual Public Banking Conference in Philadelphia, PA. Her father and she discovered that the debt money system was what was wrong with the Canadian economy and decided to do something about it. view comments  |  post a comment video library » the mainstream media Bank of North Dakota   Published on Monday 24 January, 2011   The Bank of North Dakota was established by legislative action in 1919 to promote agriculture, commerce and industry. North Dakota is the only state to have escaped the credit crisis. For every year since 2008, it has run a budget surplus and it has the lowest unemployment figures in the US, the lowest default rate on its loans and the lowest foreclosure rate. view comments  |  post a comment editorial vault » the money trust Pennsylvania Project   Published on Saturday 14 September, 2013   Mike Krauss, Chairman of the Pennsylvania Project, puts forward his proposal, based on the success of the Bank of North Dakota, to create a Public Bank for the state of Pennsylvania. Such a move would free the state from the clutches of the Fed, reduce the debt burden, boost investments and serve the public interest. view comments  |  post a comment picture gallery » the police state The Banking Swindle   Published on Saturday 24 August, 2013   Most people hold the view that their bank deposits are safe with the big commercial banks, however, this assumption is not based on the facts. This video features official government documents detailing information that should sound anyone's alarm bells [edited]. view comments  |  post a comment video library » the world order

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