Our Money will Never Be The Same

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What Is The Minority Mindset?
"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh

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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[MinorityMindset]

WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

[abhishak]

This guy educated me more than school ever could

[larryburkett]

Nixon said that it was temporary so why are we still off the gold standard. Can our government get anything right?

[getinthespace]

When you double the number of people working, you increase the supply of workers. Wages increase at lower rates.
You get more people working to keep up with inflation... it actually hurts them in the long run.
Now you have congress talking about a 32 hour work week.
This isn't so you get longer weekends and more time off.
It's so more people are enticed to work 2x jobs and 64 hour weeks to make ends meet.
This will put more downward pressure on wages.

[xIronBeastx]

There is a reason why the founding fathers said not to take the USD out from the gold...

[diegojuanparasabayan]

You also forgot to mention 1944 Bretton Woods conference after the war. This is a significant year for the US. The US dollar became the currency of the world.

[ownsilver]

I have been de-dollarizing by buying precious metals and staying out of debt which has zero counterparty risk

[nibekus]

According to the inflation calculator. $100 in 1971 is equivalent to the purchasing power of $773 today. 🤯

[ace]

The thats because it’s not money its currency. Money doesn’t lose value over time. It was money before August 15 1971 after it was debt created out of thin air on a whim.

[gandhi]

Big difference between borrowing to make money (good), and borrowing to consume (bad).

[DoubleMaduagwu]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Sonia Duke.

[reasonablespeculation]

Technology, and engineering advancements generally, have fundamentally changed production and distribution.
The hourly wage-slave is not as valuable, relative to his position 50 years ago.
Today it's more important for you to OWN the Means of Production, then to be willing to sell your hours to other people who
own Means of Production.

[markjoslin]

We should have never moved off gold standard. You might have less money, but it would have buying power

[whodefan]

Inflation is a wealth transfer from savers to debtors with the US government as the biggest debtor that funds government programs which creates a Cantillon Effect. That's why there is a high concentration of rich people in the DC metro area.

[ChristopherR]

With fiat currency, the currency is created out of credit/debt (government IOUs and fractional reserve banking), so they replaced a HARD ASSET (Gold) with a liability (debt). If you're not acquiring hard assets, your savings will be DEBASED via the perpetual debt monetization of fiat currencies.

[floridamankyle]

For those in the back,
When the government says "Temporary", they mean Permanent, and when they say "Permanent", they mean it can and will be changed.

[DavidDalrymple-dfeb]

Love your vids. Difficult info explained easily

[randymilmeister-realtorprobate]

This is a brilliant commentary on money and wealth

[cisium]

Definitely neither the best nor the worst economy. Indeed it's neither good nor bad. It's the day-old submarine sandwich of economies.
But as long as the rate of investment return exceeds the rate of inflation, wealth or poverty is a choice for most Americans: put your money into assets that appreciate or put your money into assets that depreciate. Real estate, equity and high-yield savings on the one hand; cars, cell phones and restaurant meals on the other.

[chrisrichardson]

Gold as base currency does not allow a government to ramp up spending to fund war production. Hence, it was removed at the height of the Vietnam War.