USA's Day Of Reckoning - Hidden Secrets Of Money 7 - Mike Maloney
Economy | Information | History | Online | Facts | World | Global | Money
Watch the Bonus Feature here: https://goldsilver.com/blog/what-happens-when-a-currency-dies-bonus-feature-hidden-secrets-of-money-episode-7/?utm_source=youtube&utm_medium=card&utm_campaign=ep7descbox History shows that once or twice in a generation a global crisis comes along that radically devastates people’s way of life. A fundamental shift so big and drastic and overwhelming that it destroys their standard of living and impacts every area of their lives. We are about to experience one of those events…As Mike Maloney outlines in his brand new episode of the Hidden Secrets of Money, that next major event is deflation. And the culprit will be a relatively obscure monetary term that will impact virtually every area of your life: money velocity. You may not know exactly what money velocity means, but we will all soon experience it firsthand. In fact, money velocity will be the culprit of not just deflation, but the resulting inflation—and maybe hyperinflation—that will immediately follow. [Mike refers to it as “currency” velocity, a more accurate term, since true “money” is gold and silver.] The good news is, there is a way to protect yourself and even profit from these upcoming crises. History shows that on the opposite side of every crisis, there is an equal opportunity… If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/?utm_campaign='ep7'. It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together. And be sure to follow Mike on social media to stay up to date on his latest news and posts: Facebook: https://www.facebook.com/OfficialMikeMaloney/ Twitter: https://twitter.com/mike_maloney Mike Maloney is also the founder of GoldSilver.com (http://tinyurl.com/jq2sbx5), which was one of the first websites ever to sell bullion online. It is well known for outstanding customer service and its competitive prices. If you’re a fan of Mike’s YouTube channel and need help buying gold and silver, his team is standing by to answer all your questions and make it easy. You can find out more at http://tinyurl.com/jq2sbx5
Comments
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I wonder if when the baby boomers, of which I am one but existing on SS solely, find their saving valueless; the economy will have been softly crashed so that everywhere else has almost no value either so everywhere is the same. I believe that is where we are headed.
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India has stockpiled their citizens gold and is now using digital dollars. So they'll survive a global cash collapse. Their economy is based on land farming and the buffalo keep themselves so I think India will survive best. Your comment welcome.
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With what I have learnt through Mike Maloney and Jim Rickard am happy to understand and say:
The monetary system could work if the central banks did not charge interest on the currency which was being created. That would create a debt free based monetary system; debt free in the sense where we do not have to pay back the interest through taxes. Whatever monetary systems are used there will always be inflation. The creation of new currency does not always create inflation and the velocity of currency always does.
Please can anybody tell me if I am wrong here whatsoever? -
Great series and I have to ask now, how do we best prepare and where do we go from here? BTW: the bonus feature link does not work (12/30/16)
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My apologies, Mike😕… But didn’t you say, that you are dyslexic, then how can you read a book in the beginning of the video?..
P.S. I’m in economics major now, your videos are really interesting to me, I do appreciate your work so much!!😉 -
EXACTLY , ITS ALL A FUGESY , WHAT IS ECCONOMICS? JUST ONE'S PERCEPTION ON MONEYS VALUE
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wonder how he feels about George Soros
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if gold is such a great investment why do you want to sell gold on your website so much?
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Globally BRICs will bring a lot of traction to those members. All the dollars will return and inflation will become inevitable. Who cares Apple smartphones, when Chinese can make. Look at JAPANESE, they're stressed at work trying to pay DEBT which never happens and they're losing future generations due to loss of interest in SEX because of work pressure. Eventually, Economy falls when there's not enough working population. So, same will happen to the USA and eventually.Only way out is people, become aware and start to use alternative currencies, maybe a peer to peer wallet without credit system, which can work for Farmers in 1st place, then USA can locally survive if not Globally.
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I dont understand one thing. what more in planet gold or silver? and what number?
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Thanks for making this. I'm showing this to my family for Christmas with some change.
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so which stage are we now?
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Im Surprised you havn't mentioned the 1976 British Crisis and the Prime Ministers quote after the IMF saved them "We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step." - Jim Callaghan
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Rising interest rates and rising oil prices is going to crush and destroy the economy and grind it to a halt. It's coming. It's coming soon and fast.
I love your videos but one thing you keep proclaiming is that they never learn. I believe they know exactly what they are doing. Here is how it works (The order based on your last video).
Threat of deflation
Helicopter drop of money
The real deflation
Hyper inflation
We have the first economic scare. The government uses the threat of slow down and deflation to hand out money to those in control, they get the government to do a huge drop load of money (currency) in their laps. All of society goes along with it since we were so close to disaster and they all trust the government knows best. So they use such programs as quantitative easing where trillions and trillions of dollars handed out to them and all at our expense.
Some of it gets out but mostly the banks and whoever got the money holds it all and at some point holds back money and loans so there is a real deflation.
Then when assets are the lowest on the deflation they go and buy up all those assets with the economic stimulus handed to them prior and all the money starts causing hyper inflation. They also bought assets using any and all credit they could. At the same time they have the government dump as much money in the market as they can (AFTER they bought up all the assets already). The resulting hyper inflation will then allow them to pay off those debts on any of the rock bottom assets they bought up earlier when they were first deflated. So now they hold all the assets and have no debt on them. They own them clean, they grew and became more powerful than ever.
It's not that they didn't learn, it's very deliberate and calculated, and benefits the ones in control.
I'll give you a hint who is in control. The banks. And it's the banks that control the government. They control every government. The banks are not different for each government either, they are the same banks, run by the same people, they just give the bank a different name in different countries. Think if it like one giant unified bank that pulls the strings of all the governments and controls all of them. They have no borders. They just have greed and power. And with each cycle they become wealthier and more powerful. -
I have one question: In your statistics u only relate the price of gold or the velocity in relation to base currency but not in relation to the whole existing fiat currency. according to my resarch the existing fiat currency is several quadrillions. Why havent the prices not alrready picked up to that?
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All you have to do is ignore the stock market and work doing something productive and tell those rich idiots that gamble on things that don't matter that are marketed by corporations producing things that are all items of convenience. It is all gambling on what the news reports can get a majority of people to believe and do with the money they have on hand. Maybe break away from having huge chains providing everything and go back to locally owned business so you don't have a single global supplier of something go under because of spending on expansion rather then just maintaining a stable business that keeps the money circulating so people can pay bills and buy food and get to work and manufacture something people want that you can hold of value. Banks control interests and can look at the population and see what has value that exists and just stop creating money devaluing the dollar or whatever. Maybe if everyone just stopped using banks so interest goes away and government just spends what the fed prints based on increases in population so the value of the currency stays the same and new currency only is printed with new people.
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They mention the 'stupidity of governments and economists.'
If the economic system, -based on usury, - is a scam, then it has to be run like a scam is run. People do benefit, even when the system breaks down, though it is not the hapless public that benefits. Regulations, like the Glass-Steagall act, have been removed, but not in stupidity. Rather, by the powerfull financial lobby, tied in with the international bank cartel. -The power and corruption of the big banks has been revealed in the much ignored Libor scandel, showing that they can influance all the currencies in the world for their own profit . That is a racket.
I feel that it is misleading to suggest that what is happening within the economy has anything to do with accident or stupidity. But then, this would suggest conspiracy, and geting a glimpse of the big nasty gorilla in the living room. ... -
To Mike Maloney, the document series on this is amazing and well made, however, I do have a question: Fiat money systems are destined to fail eventually but don't they help in technological growth? if we were to stay with gold - money systems, wouldn't that halt our growth? or is that still better than fiat currency governments?
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