The IOU Machine: How Currency Is Created | Hidden Secrets of Money Ep. 4

> Cryptocurrency is the digitally woke techbro’s ponzi scheme The fiat monetary system is a ponzi scheme. Watch "Hidden Secrets of Money": [this video] I also recommend doing your own research after this. The evidence is clear and overwhelming. Cryptocurrency is merely a response to this scam and its continued success helped to further prove that the financial system is a scam. Even if you assumed that cryptocurrency is a scam, what kind of financial system enables a scam to thrive for 10+ years? In such a system, how can you tell the scams apart from the non-scams? Clearly the so-called 'free markets' are not capable of distinguishing the two. What's to say that most big tech corporations aren't scams? They get a lot of 'free money' from the government through massive contracts to build projects which only add more bureaucracy.

To understand what debt-free money is (and to address how the US money system currently works), I'd recommend this video: [this video] Please note that although there are a couple of subtle hints in the video about returning to the gold standard, the video can still be of use as a general introduction into the US money system even if you don't think that's a good idea (I don't think it's a good idea to go back to the gold standard). Hope the video can be useful for you, I know I found it useful. Feel free to ask me any questions about debt-free money (and how it could be implemented) after watching the video.

I recommend reading up on monetary policy and the Federal reserve (and watch videos) and you will understand what I mean and how it fits into Annand's description of the world (it compounds the problem). It's a lot worse than you think. I recommend also doing your own research to verify all the facts. I had a hard time believing some of the facts presented but all checked out so far. Hidden Secrets of Money: [this video] An interesting recent discussion I found which discusses the current state of the economy: [link] Actually the second one is eye-opening for anyone who wants to make sense of the current situation.

Bill Gates should use his money to lobby politicians to address deep systemic issues instead of trying to cover up the symptoms with philanthropy. One of the main problems is the continuous 'printing' of money and the way it is distributed into the economy. It doesn't make sense that all the newly printed money goes to wealthy institutions and individuals first, it doesn't trickle down. If they want to keep the money printer running, then that money needs to go to everyone equally; this means UBI (Universal Basic Income) - Otherwise we'll just end up with the insane politics that we have today; where the rich who are in close proximity to the money printers wield way too much power over politics. I used to have respect for Bill Gates (Jr), but not anymore. If he really cares about others, he should dedicate most of his energy to fixing our corrupt fiat monetary system. Also, he should lobby for government to abolish corporate personhood and the overall concept of limited-liability corporations. The entire financial system is a scam, it's a giant ponzi scheme. Once you do the research, it's impossible to operate properly in this system. There are many very talented, hard working people today who are being pushed out of the system into joblessness because they realize how pointless all the jobs have become and how rigged the system is because of the distortions caused by unlimited money printing. The situation we have is total madness. People are angry and they're right to be b