Date: 2025-08-20 Page is: DBtxt003.php txt00025318
MONEY
TOUTING THE ROLE OF GOLD IN THE MONETARY SYSTEM
Best Documentary: End of the Road: How Money Became Worthless
TOUTING THE ROLE OF GOLD IN THE MONETARY SYSTEM
Best Documentary: End of the Road: How Money Became Worthless
Original article:
Peter Burgess COMMENTARY
I am glad I have had the opportunity to listen / watch this video. There is a lot in this video that should be noted, but there are some massive problems with the core discussion in the presentation.
Certainly, there is some basis for the idea that a 'fiat' currency has some some of the characteristics of a classic Ponzi scheme, but that is only partially true.
More important is that the analysis is just about currency and/or money without much consideration of the role of 'production' and 'value creation' in the economic system.
Peter Burgess
Best Documentary
Jun 29, 2023
3.05M subscribers ... 601,806 views ... 12K likes
In 2008 the world experienced one of the greatest financial turmoils in modern history. Markets around the world started crashing, stock prices plummeted, and major financial institutions, once thought to be invincible, started showing signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat. Although we’ve been told that these drastic measures prevented a total collapse of our system, a sense of unease fills the population. In the world of finance, indeed in all facets of modern life, cracks have started to appear. What lies ahead as a result of these bold money printing measures? Was the financial crisis solved, or were the problems merely kicked down the road? Director: Tim Delmastro