No joe, it is not a s*** system it is a perfect system. the problem is the system is being ran by s*** people🎉 seriously dude you got the largest crowd listening to you in the world at least get it straight😊
Amazing points brought up by Dave. This is how you get things like the student loan crisis, healthcare costs ballooning out of control, real estate bubble, stock market bubble, and especially the military industrial complex. The supply and demand for fiat currency is unique in that demand is inelastic regardless of how much money is created because you need more of that ever-expanding supply to be able to pay bills and live your life. This applies to people on the basis of being citizens, consumers, and taxpayers. Inflation just means the expansion of a monetary supply.
The dollar we have is a petrodollar. Its a gift certificate good for some amount of Saudi Arabian oil. Our government accepts it as legal tender and engages in print ordering from their private bank (the federal reserve) as well as global market distribution of the petrodollar.
Its a bit simpler and dave is 95% right but the 5% is making a lot of mess of how he is describing the relationship between the fed and congress.
how the fuck are these duddes not ashamed of saying these things… it's basic knoledge.. i learned this the first time i tried to open an bank account when I was 18 years old… joe rogan has millions of dollars, they don;'t even know the basic banking system.
No joe, it is not a s*** system it is a perfect system. the problem is the system is being ran by s*** people🎉 seriously dude you got the largest crowd listening to you in the world at least get it straight😊
Amazing points brought up by Dave. This is how you get things like the student loan crisis, healthcare costs ballooning out of control, real estate bubble, stock market bubble, and especially the military industrial complex. The supply and demand for fiat currency is unique in that demand is inelastic regardless of how much money is created because you need more of that ever-expanding supply to be able to pay bills and live your life. This applies to people on the basis of being citizens, consumers, and taxpayers. Inflation just means the expansion of a monetary supply.
The gold standard was a terrible system. It's a big reason for the Great Depression.
Dave has a couple things backwards.
The dollar we have is a petrodollar. Its a gift certificate good for some amount of Saudi Arabian oil. Our government accepts it as legal tender and engages in print ordering from their private bank (the federal reserve) as well as global market distribution of the petrodollar.
Its a bit simpler and dave is 95% right but the 5% is making a lot of mess of how he is describing the relationship between the fed and congress.
how the fuck are these duddes not ashamed of saying these things… it's basic knoledge.. i learned this the first time i tried to open an bank account when I was 18 years old… joe rogan has millions of dollars, they don;'t even know the basic banking system.