Global Reserve Currency Status Has Come at a Cost for Americans

In this video I discuss the history of global reserve currencies an their transient natures. I also touch upon the current speculation about what the insertion of the Chinese renminbi into the IMF's SDR basket means. Donations: https://blockchain.info/address/14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH paypal.me/maneco64 @maneco64 www.patreon.com

Comments

1. gold back currency won't work
2. Well done! Thank you
3. Maneco looks like he is down in his underground bunker reporting this-wearing same clothes in every post
4. Great presentation! I like your practical down to earth way of explaining things. Can you do one like this on how the practice by the banks of fractional lending adds so much cost to the momentary system? I think if more laypeople could see how this is actually how 'debt money' is created and how unfair the amounts charged by banks add to the issue of debt they would be more inclined to watch how their elected officials and themselves use their hard currency. If the banks want to be the conduit to hold the people money for safe keeping and facilitate transfers via checking accounts, credit cards and so on, they should get a reasonable fee for providing that service just like any other business that provides services. However, they should not be able to be in the business of "Loan Sharking" as they do now with their practice of fractional lending at exorbitant rates. Also remember he who has the gold makes the rules and China has a lot of gold, so as long as this debt money system is in place the world will be safer if it is in the hands of the US but not bankers domestic nor international. Thanks for you great videos.
5. They're certain now that they'll raise interest rates in December.
6. Thanks. Well said!
7. There is a time to sew and a time to reap, a time to be born and a time to die. This is the rhythm of events since the beginning of recorded history. The only constant is mans psychology.
8. The big brains say productivity must be ramped up in order to keep gains progressing. The refinery I used to work for contracted a company to find waste. My employer shut down 3 jobs and gave them to me. This had the effect of my doing 4x as much work without any increase in compensation. It was supposed to be temporary until the work could be more evenly distributed. That never happened and they apologized every time I brought up the abuse and the inability to effectually do all these jobs ideally. I'm talking about volatile / explosive manufacturing in the middle of a community of people. Meanwhile, your dollars are being devalued through speculating by people who do no work and are bailed out when they screw up.
9. The vast majority of the benefit for all this printed money has gone to those who can print the money and their friends. The working class have seen nothing but their wages get pushed down and their jobs exported. The empire has been a disaster for working men. real wages have been falling for generations now.
10. Jewish year 5776 / 7 = 825.142857
    It doesn't divide evenly. So where's the Shemitah?
11. Lots of doom and gloom in the comments section
12. Taking the status of being world Tax Man, the oil dollar SWIFT exchange system, away from the current set of money changer bankers will be a bloody transition. It will be an economic turmoil that the world has never seen before. Like the Chinese say about medical plagues, "run away, run far and stay long". It looks like time to head for the hills boys and girls.
13. I believe this is the end game. This is leading into one world govt and one world leader. Not a good leader either.
14. Ok you have established that the world would be a better place going back to a gold backed money system ...history has taught us that the powers that be have always fought against this as it wouldn't allow them to print unlimited amount of paper. History has also taught us the powers that be have fought to keep the status quo ..and starting wars and assassinations are not below these people. The change will happen when they are good and ready to make that change to benefit them not the common people. Stop being so obtuse to the system,the only way there will be change is via a revolution failing that a lifetime of serfdom and slavery. The MPs know what's going on the bankers know what's going on "but they dear not speak against the powers that be" its all in the history
15. how can it be a blessing in disguise? There will be blood in the streets
16. Well said. The fractional reserve system/debt and or petro dollar is a sham...period. No one has benefitted more from the us system than the pound. Us/uk problem we have turned to consumption not, if you wil a 'combustion' society. Combustion obviously meaning builder/industrial. It's a term I use and it's a better suited name. Even if a WRC uses gold/silver backing it will be limited. However long term good. Well done & well stated
17. 👍👍