The Truth about Fiat Currency

[newmissionusa]

When I discovered how it all works, the first thing I thought was, “is the system really that stupid??…” Yes… Yes it is.

[PHIIP]

So many people need to hear how simple it actually is.

[danielschulz]

Joe do more of these shorts as definitions people get confused.

[dft]

PLEASE MAKE MORE HARD HITTING SHORTS LIKE

[Cleriston]

Very explanatory. Thanks for the video!

[gavingleemonex]

I make good use of fiat currency because it's sufficiently convenient that it frees up precious time for me to operate to maximum outcome.

[kaputasri]

I love how your vids broaden my perspectives on definitions and concepts.

[mrpartyshoes]

I've been a subscriber for a while and like your channel more after this. Keep up the great work

[CalderaFinance]

You can't force Americans to use CBDC without first arming the IRS.

[TheRealLiark]

There's not enough violence the Zimbabwe government could enforce to make their money valuable right now. Fiat currency is money by agreement without independent value. Unless of course you just mean specifically only within the country itself.

[kofola]

Yeah, violence solves a lot of things.

[toomuchsoda]

The maximum sentencing for making a currency is 5 years, and it is hardly ever enforced

[mustang]

Well that went from zero to 100 real quick didn’t it? 😂😂

[__Man__]

The only real money are precious metals.

[paulwhite]

Not that I disgree at all!! But you drunk?🤣🤣

[bcrogers]

What are the best alternatives to fiat currency?

[Stoutaragua]

This explains to me how congressional criminals wanted to mint a trillion dollar coin.

[Michael-stky]

So the USA forces me with violence to use dollars? By that logic when I traded a burrito for a cigar, i committed a crime of bartering. Why is this logic so far stretched, bartering is not illegal; my USA bank takes and trades other currencies and even gold, i can even pay with bitcoin or dinars. 😂 the only thing the government forces me to use dollars for is taxes, we are free to trade however we please so long as taxes are in dollars. It is written in the US code and tax law.

[Senojmas]

This is an unbelievably inaccurate and lazy definition of fiat currency.

[kaycred]

Well we ran out of gold.
Gold is worth something because the human species says so.
Anything is what we say.
Gold has caused more violence than paper money