Mr Freeman, part 60

Mr. Freeman (English)2019-08-30

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545K views|5 years ago

💫 Short Summary

The video explores the evolution of currency from bartering to paper money, highlighting the role of banks and the abolishment of the gold standard. It emphasizes the importance of scarcity in determining value, using examples like art and cryptocurrency. The speaker encourages engaging in good deeds and illustrates the impact of limited supply on artwork and cryptocurrency. Additionally, rare and unique items, like antique china and Stalin's underwear, are discussed, emphasizing their value in the monetary system proposed by Silvio Gesell.

✨ Highlights

📊 Transcript

✦

Evolution of Currency

01:27

Currency evolved from bartering to the gold standard to paper money, with banks established to safeguard valuables and the gold standard eventually abolished.

Importance of Currency

Currency plays a crucial role in driving the economy and individuals are encouraged to engage in good deeds.

Scarcity in Art and Cryptocurrency

The concept of issuing money and the value of scarcity in art and cryptocurrency are discussed, with a hypothetical scenario illustrating the impact of limited supply on artwork and cryptocurrency.

✦

The importance of scarcity and uniqueness in determining the value of money.

04:13

Rare and unique items like antique china and Stalin's underwear are highlighted as examples.

The monetary system proposed by Mr. Silvio Gesell is discussed.

Almost everything around us is made out of money, emphasizing the concept of value.

00:00Oh incredibly much I've missed you my

00:09precious darling know-it-alls my clever

00:13boys and girls night kitties and bunnies

00:16I see I see from the tears in your eyes

00:18that you haven't forgotten about your

00:20bestest buddy good ol Freeman I bet

00:24you're ready to keep on solving riddles

00:25and searching for message but we don't

00:31have much time so let's concentrate on

00:33what's important the world has finally

00:37gone completely bonkers and so today I'm

00:41pleased to say my traveling circus is

00:44now presenting a completely new show

00:50[Music]

00:56there were grandpas and there were

00:58turnips there was no dough people would

01:01just exchange what they had for what

01:02they needed like a turnip for a wagon

01:03and the wagon for a jug of wine a simple

01:06and easy to understand system and if

01:07there wasn't enough of something like

01:09nails or arrowheads due to the fact that

01:10almost no one knew how to work with

01:11metal then obviously those things are

01:13worth more later people started

01:15exchanging rare metals and if someone

01:16got rich they would carry around half a

01:18ton of gold with them like an idiot it

01:19was inconvenient and you could get

01:20robbed

01:21so people decided to turn in their heavy

01:23objects for safekeeping and that's how

01:25banks came about they chopped up

01:26everything they got into equal chunks

01:27and introduced the gold standard and the

01:30notes of the banks that promised the

01:31bare metal in exchange eventually turned

01:33into paper money it was all simple and

01:37clear there was no way for a booze wall

01:39to line his pockets but quite recently

01:42with the help of some settlers and some

01:44wise has verbal gymnastics all of the

01:46dome makers managed to abolish the gold

01:48standard which means they screwed

01:50everybody drum celebrate little man

01:55past you would exchange our money for

01:57actual gold ah but now you'll be

02:00exchanging it for consumer purchasing

02:05power which means that now currency is

02:13nothing more than ink and paper with an

02:16order from above to regard this type of

02:18graphic composition as happiness on the

02:21highest good and those who oppose this

02:23order are wheeler-dealers instigators

02:25terrorists but I'm here to open up your

02:29eyes my dear friends think now there

02:34will not be one single atom of jest in

02:37my call to action now the government

02:40provides and cares for all of our

02:42streets which is good but that doesn't

02:46mean that you're not personally allowed

02:48to plant a tree or paint a Flint's it's

02:50said that good deeds shall multiply also

02:53the government prints all the lovely

02:55money and that's good as well because

02:57currency is the lifeblood of the economy

03:00and the faster it flows the more lively

03:02the economy will become and oh yes the

03:05good deeds they shall multiply whether

03:08it's electronic money gift certificates

03:10or bubblegum trading cards attention

03:14everyone has the right to issue

03:21money and that my friends is the biggest

03:28of bushwa secrets some secret suppose

03:35jonathan smith paints 100 extraordinary

03:36pictures he sells them all to his

03:38neighbor for 50 bucks and suddenly died

03:39soon after

03:40most probably from drinking the neighbor

03:42takes into the city and doubles his

03:43dough by selling the pictures to some

03:44art profiteer he knows the dealer hangs

03:46them in his trendy gallery and starts

03:48selling each one for crazy money people

03:49ask hey dude why are they so expensive

03:50he answers john's dead there won't be

03:52any more pictures there in short supply

03:54the same craps going on the fit coin in

03:56this case Matt doesn't allow an endless

03:57number to be produced you can't just go

03:59into a hundred thousand million of them

04:00when you feel like it because John died

04:02and they cost exactly as much as people

04:04are willing to pay for them just like

04:05some antique china or a used pair of

04:07Stalin's underwear

04:08so anything that there's not much of and

04:10it's difficult or even impossible to

04:11duplicate can work as dough and that

04:13means that almost everything around us

04:14is made out of money it's completely

04:16nuts

04:17he's also the good money of mr. Silvio

04:21Gesell it works quite effectively if you

04:24are wondering until people start getting

04:27shot boy

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