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Hello Friends! This is TrillionDollarSilver and today I'm going to explain to why the
gold standard is actually the problem with the human society, and we have struggled to
get past this era in time, because people keep saying that gold is money. And it could
be money, but the problem is that it takes a lot of effort for each person to exchange
gold with every single person that they want to get goods from. Even in a time before we
had the internet this was difficult, and not optimal. Which is why currencies develop in
the first place. So now in the age of internet and digital capabilities it's very obvious
that we need to step beyond the gold standard. So either way no matter what you did, unless
you met the person face-to-face, you would have to directly exchange gold with them.
So in a time of the internet this is clearly not possible, unless you wanted to pay a much
heftier price. Like, $7-$15 dollars more for every object you want to buy. So that that
other person, or so you know. Whoever is buying the object has to pay for the gold to be sent.
Or maybe the seller and the buyer could pay 50/50, but either way, this raises the cost
of exchanging goods greatly. So what happens? Societies start off with the gold standard
and then immediately... Quickly move towards replacing the gold with currency. And this
lowers the cost of trading. And theres also credit. There has been credit for a very long
time. Back to at least before people started to come to America, because they.. A lot of
people came here cuz they were in debts. So there always has been debts basically.. and
promises that you will give somebody something else. So it is a must that society at least
relatively trusts everyone else in the society. If they expect to be a great society that
has things like the internet. And can trade goods with out the other person having to
be there with a gun and some gold to make sure the other guy is not ripping them off.
If you want a society better than that, we have to move past gold being money. And we
also have to move past the gold standard, because the gold standard is just a bunch
of bankers convincing all the citizens to give them their gold. And then they replace
what the citizens were exchanging, gold; with paper. So now the bankers are in possession
of your gold. The definition of the gold standard is that you have a unit of currency which
is defined with reference to gold. But the fact is whenever they create these gold standards,
they create banks. And there are bankers at those banks. And then those bankers get bored
sitting around all your gold. And they figure out a way to sell the gold to somebody else.
And then they actually will sell it to someone who doesn't take possession of the gold again.
And then they can sell it again, and again, and again. And they are just gonna keep doing
this and having a party, until they get caught. That's just the way it goes, that's the way
it's always gone. People always say everywhere; well, you know the gold standard will fail
every 40 years. That is the definition of insanity, I've called it "societal insanity."
So we keep doing something that doesn't work. So no matter what even if we tried bitcoin
and it only worked for 5-10 years. I think that's a severe step in the right direction.
And even with all that said I still think we will go back to a gold standard; China
will make the gold standard, because society is insane! It's kind of scary though, because
I don't want bitcoin to not work, and then people to say, "See I told you a digital currency
wasn't good!" But I still think that bitcoin is much better than the gold standard. Because
all the gold-standard is, is a paper-standard! It's just a bunch of gold hidden in a vault
with you having paper! That's what the gold-standard is! You've been tricked! And all of society
has been tricked for 4,000 years. To the point where people think they're awake, and they'll
be promoting the gold-standard. And yes you may be able to make some money off it and
you'll be rich. But by promoting the gold-standard, then your children and grandchildren will
be subjected to what we are going through again, right now. And just constantly, every
third-generation you are subjecting to this. And what I am proposing is that gold is not
money any more. Because of the internet, gold is now just a store of value. See gold performs
that function perfectly well. And now for some reason people think that 401K paper investments
are a store of value, but there is no value stored there. At least none you can be sure
is there. If we're in an internet age; we can't have gold, because we're trading with
people far away. If the internet disappeared, then I'd be perfectly fine with gold being
money again. But the fact is if you want gold to be money, you can't let a gold-standard
occur. Because then gold's not money, then paper's now money. And gold's sitting in a
vault, behind a banker's butt. And not at your house. I think a much better way to create
a financial system, would be for people to exchange a digital currency.. Not necessarily
bitcoin, but a properly optimized digital currency. Which does have inherent value.
The inherent value is that it serves as an exchange method. And also that it records
who has each currency unit, and how it's traveled through the system. So there is value there.
The value is that you get to get rid of bankers. You need to figure out a way to create a bankerless
system. Because then you just have a bunch of people sitting on top of all the real money,
and they have given all the people fake money. So what if all the people each had their own,
like Gregory Mannarino says, they just keep their own central bank at their house. Each
person has their own store of gold, and in between them they exchange digital currency.
This is just a video from a great YouTuber called Pastor Dowell. And I'm trying to explain
to you, that even if you do live in an economic system where paper-fiat dollars have taken
over the whole world pretty much. You can create your own self-sufficient and separated
economy by yourself (and friends). And this allows you to not really worry about the dollar.
I guarantee that Pastor Dowell within his community, has some type of promissory agreements;
where people owe people things, and they pay each other back with other methods besides
the dollar. If they do, which I'm sure that they do, because this would increase your
community strength. Cuz you won't be being robbed by the inflation but other communities
would. So once you create your own separate economy, you're not (as) dependent upon what
the rest of the economy does. And you actually might be doing better while everyone else
is doing worse. Some of you may be confused as to what I am trying to tell you to do.
But yes I still suggest you buy gold and silver, but I just think you need to be aware that
promoting the gold-standard promotes getting rid of your gold and silver and giving it
to bankers. And you would be sentencing your grand-children.. And possibly children to
deal with what we are dealing with right at this moment, the next time the currency breaks
away. So yes you can support precious metals, and realize that the gold-standard is the
number one problem with the human society over the past 4,000 years. And you can do
this by supporting bitcoin and other digital currencies, in addition to your precious metals.
So maybe instead of creating a gold-standard based off of some new paper dollar, we could
just re-evaluate bitcoin to gold. And it's just not necessary for people to be able to
go anywhere to exchange their currency for some thing. As long as they can go to the
society and get equivalent value of goods, that is what should be their main issue of
trust with the currency. And also understanding, just the function of the currency. Bitcoin
can't be replicated, anything that can be endlessly replicated will never be able to
function as a useful, long-term currency. And gold just will not function because it
has too high of (shipping) costs. And simply by getting rid of the gold and having it sit
somewhere, and having things move around that act as the gold.. You can instantly create
an economic boost, but it's only temporary. And this is what creates bankers. Trying to
get this temporary boost from moving from a gold-standard to a paper-standard. So what
I'm telling you is that we have entered a new age. A digital age that the Greeks, and
the Romans, and everybody else before didn't have a chance to make it to; and they were
trying to crawl out of the depths of the gold standard and reach higher enlightenment. Where
they traded and exchanged PROMISES, that they UNDERSTOOD were PROMISES. Because unless you
actually have something, you don't really have something. But it is a requirement in
a large society like that we deal with, that we can have at least some small amount of
trust in our society. That it will return us with, like if I'm exchanging bitcoin to
someone. So I give them 10 bitcoins for some product that they created, and factor their
time and effort they put in. So then they have ten bit coins, they're trusting that
they can get 10 bitcoins worth of stuff back from the society. And as long as they can go and do that, that very day or the next
day.. And they know that they can. Then they have trust in the currency. It's totally unnecessary
for us to have bankers to trust our currency, and to trust each other. So you're hearing
PatriotJohnAdams with TrillionDollarSilver.com and TrillionDollarMedia.com. You can follow
me on twitter here @TrillDollarSilv, and see some of my comments. Yeah sometimes I definitely
get a little bit rambunxious with my comments. But I'm pretty young 25, and I'm just sick
of the craziness of our society. So yeah I kinda have a knock-em-over-the-head attitude.
But that's just the way I am, so I hope you guys appreciate it. If you don't like it,
please unsubscribe.. And I still hope to see you guys soon! TrillionDollarSilver.. Out!