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Money has always evolved. It started with grain, cattle, shells. Then came gold - valued for its scarcity, not its shine. Later, paper backed by gold. And eventually, digital entries in a system we trust to work. But beneath it all, money has always been a story. A shared...

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RIZON

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23,623 views • 1 year ago •via X (Twitter)

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Council on Foreign Relations member touts the wonders of China's programmable CBDC, boasting of its ability to "instantaneously" connect with digital ID, mobility and social credit scores—allowing the state to impose societal control, expiration dates on money, and forced consumption. "What really matters for the Chinese version of a central bank digital currency is that it's programmable." "Your money in your digital wallet... is instantaneously connected with your identity... your mobility and your social credit." "They can use it in a good way... For example, you must spend this money because there is an expiration date on your digital currency." "You can also incentivise people to save less."
1:43

Council on Foreign Relations member touts the wonders of China's programmable CBDC, boasting of its ability to "instantaneously" connect with digital ID, mobility and social credit scores—allowing the state to impose societal control, expiration dates on money, and forced consumption. "What really matters for the Chinese version of a central bank digital currency is that it's programmable." "Your money in your digital wallet... is instantaneously connected with your identity... your mobility and your social credit." "They can use it in a good way... For example, you must spend this money because there is an expiration date on your digital currency." "You can also incentivise people to save less."

Wide Awake Media

12,864 views • 3 months ago

A U.S. TREASURY-ISSUED GOLD-BACKED STABLECOIN? ⚖️ Dr. Judy Shelton told me she envisions a “Solidus”. A modern digital currency partially backed by a gold-convertible Treasury. A nod to the ancient Roman coin that stood for strength and trust. This idea could fuse blockchain transparency with sound-money integrity. Imagine a U.S.-issued digital dollar tied to gold not by decree, but by convertibility restoring faith in money while harnessing technology to enable faster, borderless transactions. It’s a vision where the oldest store of value meets the newest form of exchange. Judy Shelton
1:34

A U.S. TREASURY-ISSUED GOLD-BACKED STABLECOIN? ⚖️ Dr. Judy Shelton told me she envisions a “Solidus”. A modern digital currency partially backed by a gold-convertible Treasury. A nod to the ancient Roman coin that stood for strength and trust. This idea could fuse blockchain transparency with sound-money integrity. Imagine a U.S.-issued digital dollar tied to gold not by decree, but by convertibility restoring faith in money while harnessing technology to enable faster, borderless transactions. It’s a vision where the oldest store of value meets the newest form of exchange. Judy Shelton

Gold Telegraph ⚡

383,946 views • 10 months ago

Ex-investment banker Catherine Austin Fitts: Digital ID—once linked to AI and programmable money—enables authorities to monitor, manipulate, and ultimately control every aspect of human behaviour. "If I can track you closely—where you're going and what you're doing—and I can get you on programmable money, which can be turned on and off, then I can start to use AI and surveillance systems and algorithms to basically manage and control your behaviour." "So if I want you living in a 15-minute city, your money won't work beyond the 15 minutes unless you do what I say." "So what we're talking about... is building a system that will allow you to be [surveilled] and tracked and turn your money on and off, or incentivise you or penalise you in a variety of ways with your money, that can be integrated with your behaviour." "When you integrate [AI] with a digital ID and programmable money, then you're talking about complete control." "That is a coup d'état. That is the end of human liberty in the West."
2:24

Ex-investment banker Catherine Austin Fitts: Digital ID—once linked to AI and programmable money—enables authorities to monitor, manipulate, and ultimately control every aspect of human behaviour. "If I can track you closely—where you're going and what you're doing—and I can get you on programmable money, which can be turned on and off, then I can start to use AI and surveillance systems and algorithms to basically manage and control your behaviour." "So if I want you living in a 15-minute city, your money won't work beyond the 15 minutes unless you do what I say." "So what we're talking about... is building a system that will allow you to be [surveilled] and tracked and turn your money on and off, or incentivise you or penalise you in a variety of ways with your money, that can be integrated with your behaviour." "When you integrate [AI] with a digital ID and programmable money, then you're talking about complete control." "That is a coup d'état. That is the end of human liberty in the West."

Wide Awake Media

137,929 views • 11 months ago

Stablecoins are quietly becoming the rails of the new financial system. Andy Schectman explains how Tether has demonstrated it can freeze wallets and blacklist funds. Whether you agree with those actions or not, the capability exists. As of today, Tether has frozen more than $4.2 billion in USDT. I personally use Freedom Dollar (FUSD). Freedom Dollar is the world's first private, censorship-resistant decentralized stablecoin built on Zano. Unlike centralized stablecoins, FUSD has no admin keys, blacklist switches, or issuer that can seize balances, if you hold the keys, you hold the money. Private Money for a Public World.
2:11

Stablecoins are quietly becoming the rails of the new financial system. Andy Schectman explains how Tether has demonstrated it can freeze wallets and blacklist funds. Whether you agree with those actions or not, the capability exists. As of today, Tether has frozen more than $4.2 billion in USDT. I personally use Freedom Dollar (FUSD). Freedom Dollar is the world's first private, censorship-resistant decentralized stablecoin built on Zano. Unlike centralized stablecoins, FUSD has no admin keys, blacklist switches, or issuer that can seize balances, if you hold the keys, you hold the money. Private Money for a Public World.

Bri Teresi

58,949 views • 1 month ago

Did you know? As more Africans earn from international clients, receive stablecoins, build global businesses, and participate in the digital economy, many still rely on multiple apps just to manage their money. One app to receive payments. Another to manage crypto. Another to swap assets. Another to withdraw into a local bank account. But what if one app could bring it all together? Over the past few months, the team at EdenFi 🟠 has been working relentlessly—listening to users, refining the product, and rethinking how people should experience money in a more connected world. The result is a simpler way to: • Receive global payments with USD, EUR & GBP accounts • Send and receive crypto • Swap assets across multiple blockchains • Cash out directly into your local bank account If you’ve been looking for a better way to manage your money globally, now’s a great time to see what EdenFi is building. 📲 Download EdenFi: App Store: Google Play:
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Did you know? As more Africans earn from international clients, receive stablecoins, build global businesses, and participate in the digital economy, many still rely on multiple apps just to manage their money. One app to receive payments. Another to manage crypto. Another to swap assets. Another to withdraw into a local bank account. But what if one app could bring it all together? Over the past few months, the team at EdenFi 🟠 has been working relentlessly—listening to users, refining the product, and rethinking how people should experience money in a more connected world. The result is a simpler way to: • Receive global payments with USD, EUR & GBP accounts • Send and receive crypto • Swap assets across multiple blockchains • Cash out directly into your local bank account If you’ve been looking for a better way to manage your money globally, now’s a great time to see what EdenFi is building. 📲 Download EdenFi: App Store: Google Play:

Africa Facts Zone

22,905 views • 1 month ago

“You see pink ribbons everywhere... events designed to make large amounts of money” 🚨Before you donate to a cancer charity, hear this. World Renowned Cancer Biologist Professor Thomas Seyfried reveals how fundraising efforts prop up a failed system. Hard earned and well intentioned money goes into “debunked” areas of research.... unknowingly contributing to a system stuck on the old story of cancer. SEYFRIED - “The more money we raise for breast cancer, the more people dying from breast cancer we get.... the money is being misspent on a therapy, or a strategy that's already been debunked” “You have to ask the organizations that raise money... what do you do with the money? Are you investing it in the therapies based on the somatic mutation gene theory? Or are you investing it in programs that recognize cancer as a metabolic mitochondrial metabolic disease.... ” “When you find out that most of the money is going to cancer research involving gene mutations, now you can understand why we have no progress... and we get more and more de-d people year in and year out”.
3:01

“You see pink ribbons everywhere... events designed to make large amounts of money” 🚨Before you donate to a cancer charity, hear this. World Renowned Cancer Biologist Professor Thomas Seyfried reveals how fundraising efforts prop up a failed system. Hard earned and well intentioned money goes into “debunked” areas of research.... unknowingly contributing to a system stuck on the old story of cancer. SEYFRIED - “The more money we raise for breast cancer, the more people dying from breast cancer we get.... the money is being misspent on a therapy, or a strategy that's already been debunked” “You have to ask the organizations that raise money... what do you do with the money? Are you investing it in the therapies based on the somatic mutation gene theory? Or are you investing it in programs that recognize cancer as a metabolic mitochondrial metabolic disease.... ” “When you find out that most of the money is going to cancer research involving gene mutations, now you can understand why we have no progress... and we get more and more de-d people year in and year out”.

Humanspective

20,892 views • 6 months ago

Plasma PlasmaFDN just dropped Plasma One after their mainnet — a stablecoin-first neobank that actually makes holding, sending, and spending digital dollars simple. This is the kind of app you don’t want to miss. Imagine paying your team in Buenos Aires in USD₮, sending money instantly to family in Manila, or trading commodities in Dubai — all from one app. No messy wallets, no slow transfers, no hidden fees. On top of that, you earn 10%+ yield while spending, get up to 4% cashback, and can transfer USD₮ for free in 150+ countries. Sign up and get a virtual card in minutes. Real money, real fast.💳 💡 It’s also a testbed for their payment system, proving the rails work globally before opening to everyone else. That means the infrastructure is solid and ready for real-world use. This is the kind of product that actually makes global digital dollars usable for everyone, everywhere — and it’s just getting started. #PlasmaOne #Stablecoins #Web3
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Plasma PlasmaFDN just dropped Plasma One after their mainnet — a stablecoin-first neobank that actually makes holding, sending, and spending digital dollars simple. This is the kind of app you don’t want to miss. Imagine paying your team in Buenos Aires in USD₮, sending money instantly to family in Manila, or trading commodities in Dubai — all from one app. No messy wallets, no slow transfers, no hidden fees. On top of that, you earn 10%+ yield while spending, get up to 4% cashback, and can transfer USD₮ for free in 150+ countries. Sign up and get a virtual card in minutes. Real money, real fast.💳 💡 It’s also a testbed for their payment system, proving the rails work globally before opening to everyone else. That means the infrastructure is solid and ready for real-world use. This is the kind of product that actually makes global digital dollars usable for everyone, everywhere — and it’s just getting started. #PlasmaOne #Stablecoins #Web3

Shawn

57,678 views • 11 months ago

You’re already earning beyond borders, working with global clients, selling to a global market. But your money? Still dealing with local limits. That changes now. With Evolution, you get one unified account to: • Receive in Naira, USD, Euros & stablecoins • Spend anytime without conversion stress • Send and manage money across borders with ease No limits. No unnecessary losses. Just seamless global movement. Built for global citizens, wherever they are. 🌍
1:42

You’re already earning beyond borders, working with global clients, selling to a global market. But your money? Still dealing with local limits. That changes now. With Evolution, you get one unified account to: • Receive in Naira, USD, Euros & stablecoins • Spend anytime without conversion stress • Send and manage money across borders with ease No limits. No unnecessary losses. Just seamless global movement. Built for global citizens, wherever they are. 🌍

Evolution (Formerly Cryptonia)

15,890 views • 4 months ago

89-Year-Old FINED £100 For Not Having A Smartphone And REFUSING THE DIGITAL GRID!! An 89-year-old man with a basic Nokia phone is fined £100 for failing to use a parking app in a cashless UK parking lot. This is more than just one pensioner’s story, it’s a warning about the push toward a cashless society, digital control, CBDCs, and the loss of freedom to buy and sell without permission. Use cash while you still can. Support real money like gold and silver. And share this video far and wide!!
7:22

89-Year-Old FINED £100 For Not Having A Smartphone And REFUSING THE DIGITAL GRID!! An 89-year-old man with a basic Nokia phone is fined £100 for failing to use a parking app in a cashless UK parking lot. This is more than just one pensioner’s story, it’s a warning about the push toward a cashless society, digital control, CBDCs, and the loss of freedom to buy and sell without permission. Use cash while you still can. Support real money like gold and silver. And share this video far and wide!!

Dan Dicks

117,648 views • 3 days ago

Our national debt is spiraling out of control and we are spending more than a BILLION dollars a day in Iran. Is this how you want the government to spend your hard-earned taxpayer money? Aren't there better things we could do with this money for American citizens?
1:34

Our national debt is spiraling out of control and we are spending more than a BILLION dollars a day in Iran. Is this how you want the government to spend your hard-earned taxpayer money? Aren't there better things we could do with this money for American citizens?

Dan Osborn

12,416 views • 5 months ago

Catherine Austin Fitts: "[With] digital ID & programmable money...you're talking about complete control...[&]...we are in a political war between the mega-rich & everybody else. And the question [for] the mega-rich [is] how are you going to control the many when you are few?" This clip of Fitts, a former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report (The Solari Report | Catherine Austin Fitts), is taken from an interview with Holistic Hilda posted to YouTube on September 26, 2025. ----------------Partial transcription of clip--------------- "My chief concern, if you look at what AI is good at, AI is very good at simulating anything that can be expressed mathematically. And of course, the thing we all know can be expressed mathematically are our, financial transactions. And the reality is, if I can track you closely where you're going and what you're doing, and I can get you on programmable money which can be turned on and off, then I can start to use AI and surveillance systems and algorithms to basically manage and control your behavior. "If I want you living in a 15 minute city, your money won't work beyond the 15 minutes unless you do what I say. We have a wonderful woman who runs our team Cash, and she says, what are you going to do when they show up and say either you transgender your children or we're going to turn off your money? "So what we're talking about doing is building a system that will allow you to be surveillance and tracked and turn your money on and off, or incentivize you or penalize you in a variety of ways with your money that can be integrated with your behavior. "So once you add programmable, all this stuff looks great. And there are many wonderful applications in theory, but when you integrate it with a digital ID and programmable money, then you're talking about complete control. And let me tell you why that's a problem. If you look around the world today, we are watching many different divide and conquer tactics used to cover up the real problem. "Right now we are in a political war between the mega rich and everybody else. And, the question is, if you're the mega rich, how are you going to control the many when you are few? The way you're going to do it was with programmable money. But programmable money doesn't click in and work well unless you've got everybody on the grid. You need to be able to track them, you need to be able to watch their behavior, you need to be able to influence their behavior. "And then you've got complete control. And that is not just wearables, that is not just an Internet of bodies. That is a coup d' Etat. That is the end of human liberty in the West."
2:24

Catherine Austin Fitts: "[With] digital ID & programmable money...you're talking about complete control...[&]...we are in a political war between the mega-rich & everybody else. And the question [for] the mega-rich [is] how are you going to control the many when you are few?" This clip of Fitts, a former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report (The Solari Report | Catherine Austin Fitts), is taken from an interview with Holistic Hilda posted to YouTube on September 26, 2025. ----------------Partial transcription of clip--------------- "My chief concern, if you look at what AI is good at, AI is very good at simulating anything that can be expressed mathematically. And of course, the thing we all know can be expressed mathematically are our, financial transactions. And the reality is, if I can track you closely where you're going and what you're doing, and I can get you on programmable money which can be turned on and off, then I can start to use AI and surveillance systems and algorithms to basically manage and control your behavior. "If I want you living in a 15 minute city, your money won't work beyond the 15 minutes unless you do what I say. We have a wonderful woman who runs our team Cash, and she says, what are you going to do when they show up and say either you transgender your children or we're going to turn off your money? "So what we're talking about doing is building a system that will allow you to be surveillance and tracked and turn your money on and off, or incentivize you or penalize you in a variety of ways with your money that can be integrated with your behavior. "So once you add programmable, all this stuff looks great. And there are many wonderful applications in theory, but when you integrate it with a digital ID and programmable money, then you're talking about complete control. And let me tell you why that's a problem. If you look around the world today, we are watching many different divide and conquer tactics used to cover up the real problem. "Right now we are in a political war between the mega rich and everybody else. And, the question is, if you're the mega rich, how are you going to control the many when you are few? The way you're going to do it was with programmable money. But programmable money doesn't click in and work well unless you've got everybody on the grid. You need to be able to track them, you need to be able to watch their behavior, you need to be able to influence their behavior. "And then you've got complete control. And that is not just wearables, that is not just an Internet of bodies. That is a coup d' Etat. That is the end of human liberty in the West."

Sense Receptor

86,913 views • 11 months ago

Let me ask you something uncomfortable. Have you ever hesitated to tell your financial advisor what you actually want to do with your own money? Maybe you’ve already bought a little gold and silver. But your IRA? Your 401(k)? Those accounts are still on autopilot. And right now, autopilot means loaded up on AI stocks at the most concentrated valuations in market history. So why haven’t you brought it up? Here’s what Bill at Genesis Gold Group hears all the time: “I don’t want to tell Bob. Bob’s going to get upset.” Think about what that sentence actually means. People afraid to tell their broker what they think they should do... with their own money. How backwards is that? It’s not Bob’s retirement. It’s not Bob’s savings. And Bob pushes back because fund managers don’t sell physical gold and silver. They sell paper assets. The ones they control. The ones they collect fees on. Of course, they want to keep your money in-house. Nobody is responsible for stewarding your money except you. Not your broker. Not your fund manager. You. That’s what Genesis Gold Group’s philosophy is built on: you being in control of your own money. They’re not there to talk you into anything. They’re there to empower you to make your own decision about physical gold and silver, including inside your IRA or 401(k). So here’s the first step: Go to and get the free guide. It covers what’s really at stake, from the AI bubble to the coming digital ID system, and exactly how physical gold and silver work inside a retirement account. Read it. Then have a conversation with Bill and ask him anything. Have the conversation Bob doesn’t want you to have. It’s your money. Act like it.
1:58

Let me ask you something uncomfortable. Have you ever hesitated to tell your financial advisor what you actually want to do with your own money? Maybe you’ve already bought a little gold and silver. But your IRA? Your 401(k)? Those accounts are still on autopilot. And right now, autopilot means loaded up on AI stocks at the most concentrated valuations in market history. So why haven’t you brought it up? Here’s what Bill at Genesis Gold Group hears all the time: “I don’t want to tell Bob. Bob’s going to get upset.” Think about what that sentence actually means. People afraid to tell their broker what they think they should do... with their own money. How backwards is that? It’s not Bob’s retirement. It’s not Bob’s savings. And Bob pushes back because fund managers don’t sell physical gold and silver. They sell paper assets. The ones they control. The ones they collect fees on. Of course, they want to keep your money in-house. Nobody is responsible for stewarding your money except you. Not your broker. Not your fund manager. You. That’s what Genesis Gold Group’s philosophy is built on: you being in control of your own money. They’re not there to talk you into anything. They’re there to empower you to make your own decision about physical gold and silver, including inside your IRA or 401(k). So here’s the first step: Go to and get the free guide. It covers what’s really at stake, from the AI bubble to the coming digital ID system, and exactly how physical gold and silver work inside a retirement account. Read it. Then have a conversation with Bill and ask him anything. Have the conversation Bob doesn’t want you to have. It’s your money. Act like it.

The Vigilant Fox 🦊

14,126 views • 1 month ago

Imagine this for a moment. Your child looks at you and asks a simple question: “How does money grow in the digital world?” CZ 🔶 BNB Binance You want to explain it, but most financial apps feel too complex, too risky, or simply not designed for children to understand. That is exactly where #Binance Junior comes in. Binance Junior is a learning app for children aged 6 to 17. It connects safely to a parent’s Binance account and helps kids understand how digital money works in a simple and guided way. There is no trading. There are no risky features. There is no pressure. There are only safe saving tools and internal transfers, all fully controlled by parents. Think of it as a digital piggy bank for the future, where money grows slowly and patience becomes part of the lesson. Parents guide every step. They choose assets, set limits, and help their children learn by observing, asking questions, and building healthy habits from an early age. Binance Junior is not about getting rich fast. It is about learning how to manage money correctly and safely, together as a family, with parents always in control.
1:21

Imagine this for a moment. Your child looks at you and asks a simple question: “How does money grow in the digital world?” CZ 🔶 BNB Binance You want to explain it, but most financial apps feel too complex, too risky, or simply not designed for children to understand. That is exactly where #Binance Junior comes in. Binance Junior is a learning app for children aged 6 to 17. It connects safely to a parent’s Binance account and helps kids understand how digital money works in a simple and guided way. There is no trading. There are no risky features. There is no pressure. There are only safe saving tools and internal transfers, all fully controlled by parents. Think of it as a digital piggy bank for the future, where money grows slowly and patience becomes part of the lesson. Parents guide every step. They choose assets, set limits, and help their children learn by observing, asking questions, and building healthy habits from an early age. Binance Junior is not about getting rich fast. It is about learning how to manage money correctly and safely, together as a family, with parents always in control.

AB 🔶

70,128 views • 7 months ago

Today we had the chance to connect with parents and kids to share something very important safe financial education for children it starts with one simple idea money is not only for spending money can be saved money needs time to grow In this session we guided parents and kids on what Binance Junior is a sub account for children kids cannot trade no spot no futures no margin parents have full control over all decisions kids learn goals discipline and the value of time This is not a get rich story this is about families learning money the right way safely from an early age #BinanceJunior
0:52

Today we had the chance to connect with parents and kids to share something very important safe financial education for children it starts with one simple idea money is not only for spending money can be saved money needs time to grow In this session we guided parents and kids on what Binance Junior is a sub account for children kids cannot trade no spot no futures no margin parents have full control over all decisions kids learn goals discipline and the value of time This is not a get rich story this is about families learning money the right way safely from an early age #BinanceJunior

MOMO🔸

20,317 views • 7 months ago

Had my mind blown today by how simple it was to buy Tokenized Gold. I was listening to Balaji talk about Gold today on a podcast with Luke Gromen I asked ChatGPT “what’s the best way to buy Gold that’s digital and almost like owning the real thing?” It responded with “tokenized gold: Each token represents ownership of real, physical gold This is not a gold stock, not an ETF, and not a synthetic bet—it’s closer to digital warehouse receipts for gold.” It then said the best option was Tether Gold (XAUT). I remembered recently the World team saying that you could buy real assets like Gold on World App. I wondered if you could buy XAUT? I opened the app and one of the first ten assets was XAUT. Swap USDC for Tether Gold in under 10 seconds and that’s it. The experience was magical. We are so close the Balaji vision of interoperable money and assets. When everything is a token, value will be the only thing that matters again. Tokens are just 24/7 global markets for trust. People will be able to move in and out of whatever assets they trust instantly. Trust will become the most important thing that compounds. What’s even cooler, is that you can then send Gold to anyone, instantly in World Chat 💬 Any asset, anywhere, to anyone, in any any chat. Check out the screen recordings to see how fast and easy it was
0:33

Had my mind blown today by how simple it was to buy Tokenized Gold. I was listening to Balaji talk about Gold today on a podcast with Luke Gromen I asked ChatGPT “what’s the best way to buy Gold that’s digital and almost like owning the real thing?” It responded with “tokenized gold: Each token represents ownership of real, physical gold This is not a gold stock, not an ETF, and not a synthetic bet—it’s closer to digital warehouse receipts for gold.” It then said the best option was Tether Gold (XAUT). I remembered recently the World team saying that you could buy real assets like Gold on World App. I wondered if you could buy XAUT? I opened the app and one of the first ten assets was XAUT. Swap USDC for Tether Gold in under 10 seconds and that’s it. The experience was magical. We are so close the Balaji vision of interoperable money and assets. When everything is a token, value will be the only thing that matters again. Tokens are just 24/7 global markets for trust. People will be able to move in and out of whatever assets they trust instantly. Trust will become the most important thing that compounds. What’s even cooler, is that you can then send Gold to anyone, instantly in World Chat 💬 Any asset, anywhere, to anyone, in any any chat. Check out the screen recordings to see how fast and easy it was

Shane Mac

12,559 views • 7 months ago

Say hello to a new way to receive money 💸📲 Introducing the next-generation MoneyGram® app: 🔔 Instantly receive international transfers with real-time notifications 💲 Choose to convert funds into digital dollars for stability, or withdraw cash at a MoneyGram location 🔒 Manage your digital dollars balance in a self-custody wallet that only you can access The new app is launching first in Colombia 🇨🇴 on the Apple App Store and Google Play Store, with more markets to follow. Join the waitlist:
0:51

Say hello to a new way to receive money 💸📲 Introducing the next-generation MoneyGram® app: 🔔 Instantly receive international transfers with real-time notifications 💲 Choose to convert funds into digital dollars for stability, or withdraw cash at a MoneyGram location 🔒 Manage your digital dollars balance in a self-custody wallet that only you can access The new app is launching first in Colombia 🇨🇴 on the Apple App Store and Google Play Store, with more markets to follow. Join the waitlist:

MoneyGram

25,518 views • 11 months ago

More sophistry and revisionist history from Mike Green. He claims: "Money exists to cancel debt. That's all it does. That's what it says on your dollar bill. This is legal tender for settlement of debts both public and private. It continues to function in that manner. It never stopped functioning in that manner. That is what it does. That's what it's supposed to do. It's not meant to store value. It's not meant to retain its value. It doesn't say that on there. There's no statement on your dollar bill that says this is good for three cowhides, right? It says this is for the settlement of debts, public and private." -------------------- His statements would only be sensible to someone who thinks money has been fiat for all of time. However, his claims are ahistorical (a word Green likes to use himself). Paper money was introduced as a representation of a specific amount of precious metal. Dollar bills once stated exactly how much silver or gold they were redeemable for. When the Coinage Act of 1792 was passed (and all the way up to 1971), you would have been laughed out of the room if you stated that "all money does is cancel debt." In fact, even after 1971, you would have been laughed at for claiming this, because Nixon's suspension of gold convertibility was "temporary," of course. When money was a specific representation of gold and silver, it DID store value. Of course paper money never stated that it can be exchanged for three cowhides. But when dollars stated exactly how much precious metal they were redeemable for, citizens KNEW that the underlying precious metal stored value over time. This is why the fiat rug-pull happened over many decades rather than overnight (central banking --> gold seizure --> "temporary" removal of gold convertibility --> fiat money). The best defense of Mike Green's claims are that they apply to the nature of fiat money TODAY. But Green leaves out that, historically (while competing monetary theories did exist), people correctly treated gold/silver-backed money as a store of value. Money DID store value. Everyone knew this to be true, and wanted it to be true (except banks and governments).
0:57

More sophistry and revisionist history from Mike Green. He claims: "Money exists to cancel debt. That's all it does. That's what it says on your dollar bill. This is legal tender for settlement of debts both public and private. It continues to function in that manner. It never stopped functioning in that manner. That is what it does. That's what it's supposed to do. It's not meant to store value. It's not meant to retain its value. It doesn't say that on there. There's no statement on your dollar bill that says this is good for three cowhides, right? It says this is for the settlement of debts, public and private." -------------------- His statements would only be sensible to someone who thinks money has been fiat for all of time. However, his claims are ahistorical (a word Green likes to use himself). Paper money was introduced as a representation of a specific amount of precious metal. Dollar bills once stated exactly how much silver or gold they were redeemable for. When the Coinage Act of 1792 was passed (and all the way up to 1971), you would have been laughed out of the room if you stated that "all money does is cancel debt." In fact, even after 1971, you would have been laughed at for claiming this, because Nixon's suspension of gold convertibility was "temporary," of course. When money was a specific representation of gold and silver, it DID store value. Of course paper money never stated that it can be exchanged for three cowhides. But when dollars stated exactly how much precious metal they were redeemable for, citizens KNEW that the underlying precious metal stored value over time. This is why the fiat rug-pull happened over many decades rather than overnight (central banking --> gold seizure --> "temporary" removal of gold convertibility --> fiat money). The best defense of Mike Green's claims are that they apply to the nature of fiat money TODAY. But Green leaves out that, historically (while competing monetary theories did exist), people correctly treated gold/silver-backed money as a store of value. Money DID store value. Everyone knew this to be true, and wanted it to be true (except banks and governments).

John Haar

10,393 views • 4 months ago