Download Subtitles and Closed Captions (CC) from YouTube

Enter the URL of the YouTube video to download subtitles in many different formats and languages. - bilingual subtitles >>>

Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney with Английский subtitles   Complain, DMCA

Your true wealth is your time and freedom. Money is just a tool

It's a container to store your economic energy until you're ready

But the whole world has been turned away from real money and has

a deceiptful imposter that is silently stealing your two most

Your time and your freedom. Welcome to the rabbit hole.

We are entering a period of financial crisis that is the greatest

The wealth transfer that will take place during this decade is the

Wealth is never destroyed. It is merely transferre­d.

And that means that on the opposite side of every crisis there is

The great news is that all you have to do to turn this crisis into

I believe that the best investment that you can make in your

Education on the history of money.

Education on finance. Education on how the global economy works.

Education on how all of these guys, the central bankers, the stock

If you learn what is going on and how the financial world works,

Winston Churchill once said that the further you look into the

This program is all about creating your own crystal ball.

Being able to gaze into the future.

Being able to change this crisis, the greatest crisis in the

The hidden secrets of money. Some of them are hidden in plain

They're like right in front of you.

Uh, the way the monetary system works is something that isn't

It's out in the open, but it's complex and people just don't, they

It's hard for them to imagine that we're living in such a hoax.

Others are meant to be secret, but the truth is slowly coming

Like the Federal Reserve being a private corporatio­n and not

But when I started studying this, uh, what I found was that there

And so I basically decided to write my book about it and

There's a lot of smoke and mirrors in economics, and I've sort of

Welcome to Egypt. This is where it all began.

Roughly 5,000 years ago, the Egyptians started using gold and

The pieces of gold and silver that they were using were odd sizes

So it still was not interchang­able where each unit is the same as

You couldn't put a price of so many coins on something because

It was still a guessing game when it came to the exchange of

One of the reasons that we are in the financial mess that we are

Currency is a medium of exchange, a unit of account. It is

Fungible means that each unit is the same as the next unit.

A dollar in my pocket buys the same amount as a dollar in your

Money is all of those things plus a store of value over a long

Even financial planners, bankers, your accountant­, they don't

The currency in your pocket is a medium of exchange. It's a unit

It's somewhat durable, it's portable, it's divisible in that you

A dollar in my pocket buys the same amount as a dollar in your

But because government­s can print more and more and more of it and

it's continuall­y transferri­ng wealth out of your pocket, out of

The reason that gold and silver are the optimum form of money is

It's an easy medium of exchange because gold and silver store a

It's a unit of account. Pure gold has the same value all over the

So an ounce of gold buys the same amount here in Egypt as it would

It's durable. The same gold that Egyptians were using in trade

It does not corrode. It's divisible.

You can make change with it. It's very portable.

You can use something like oil as money. It's just that you can't

It's fungible. Pure gold is the same wherever it is on earth.

Pure silver is the same wherever it is on earth. It's limited in

That's the reason that it maintains its purchasing power.

Over the last 5,000 years, only gold and silver have maintained

There have been thousands upon thousands of fiat currencies­.

Currencies that are unbacked by gold or silver, and they have all

Well, fiat currency, of course, is um, a currency that is, exists

They have their printing presses, and the paper money rolls off

And then they give it the fiat designatio­n which then makes the

It's just worthless paper, but when Ben Bernake gives it the

at the Federal Open Market Committee meetings, it suddenly becomes

If you look at what's really going on it's, it's a con game. And

Well, the Federal Reserve is very forthright about what they're

If you read their website they'll tell you it's a confidence

They tell that there's no intrinsic value in their money.

They'll tell you that they print it backed by absolutely nothing.

They actually display all these facts.

But if you tell somebody in the public that this stuff is created

, it's absolutely worthless, it's about as valuable as Monopoly

Is there an example throughout history of a fiat currency, a piece

Long answer, no. And here's why.

When Addison Wiggin took over at The Daily Reckoning, they got

Uh, Bill Bonner asked him to catalogue all of the fiat currencies

Addison dutifully went to work. Within a short period of time he

They all went to zero. He was halfway through the letter B and

and there were 600 of them in just the first letter and a half of

And every single one of them went to zero. Every one.

600 fiat currencies that start with the letter A, and half of the

And you think this one, the United States dollar is gonna be the

No. No currency, fiat currency has ever survived.

The thing about money is there actually is a fairly well accepted

The question is as you apply that definition to particular things

Well just take the paper dollar for example. How well does it

Will it store a value? Uh, the dollar has lost 95 percent of its

So not very good as a store of value.

One of the things I do is, uh, just a way to get the audience's

One is a pile of Monopoly money. The other one is a pile of

Uh, what Americans would call paper money.

Uh, the other one is a solid gold, uh, American Eagle, uh, one

And the title of this slide is which of these is not like the

And if you know the show Sesame Street or if you have children who

And what it really is is a kind of IQ test for five year olds.

They're supposed to look at the three things and look at

Well, I've shown this slide to, um, groups of, you know, Ivy

You know, kind of find results in my nieces and newphews and so

Uh, and when the, uh, professors look at it they say well, um,

'cause gold has no role as money and Monopoly money is junk and

So that's not like the other. But the children look at it and

because the other two are just piles of paper, and the gold coin

So my question to the audience is who's smarter? A five year old

Before World War I, each note that a treasury issued would say

20 dollars in gold coin payable to the bearer upon demand.

The money was in the vault. The currency was a note they gave you

Only a claim check on the money. The same as if you go to the dry

The value is, is that shirt at the dry cleaners. Not the piece of

So our currency that's circulated was the paper U.S. dollars and

The next hidden secret is the difference between currency and

Money must be a store of value and maintain its purchasing power

As we progress through this series, you'll learn that national

and the financial sector to leach away your time and your freedom

So rather than storing your economic energy, currencies leak.

Now compare that to the gold and silver the Egyptians were using.

Like I started with, it still wasn't money because it wasn't

But they were on the right track as gold and silver have proven

Gold is only formed when a star explodes, a supernova. And it

This is one of the properties that make it the ultimate money.

You know, people are amazed that after 5,000 years the pyramids

But what I'm more amazed at is that the currency that the people

that currency, that gold and silver that they were using in trade

It may have been melted down and re-refined and it's in a coin or

But it's still with us today and it still purchases something.

Yes, it is the ultimate money because there is nothing else even

It's permanent. It's a store of value.

It's, uh, a unit of account. It's got everything you want out of

That is what makes gold the most beautiful money of all. What

It keeps government­s under control. You can maintain a solvent

Government­s don't like gold at present because they're getting

I mean, my goodness. Gold has, uh, outperform­ed the Dow Jones

Uh, yet it's not considered a legitimate asset class. Why?

Again, it's the fear that maybe gold will be imposed on the

That it will constrain government ability to spend beyond its

The proper definition of inflation, I use Milton Friedman's

Deflation is a contractio­n of the currency supply. If you expand

And if you contract the currency supply, eventually prices will

This is a pool. But it's not a pool of water.

This is a, the currency pool. And these are prices.

And if you expand the currency supply, prices like a sponge in

Government­s never stop printing more currency and adding currency

Therefore, prices keep on going up. Not because they stuff that

The real estate doesn't change. What has changed is the currency

It's the currency going down. Not prices going up.

The truth is, what we have that makes our world work right now is

It's all just promises. And if you think about it, that's how

You know, before we had currency we had barter.

I'll give you three coconuts and you give me four fish 'cause

But that got complicate­d so we had to invent this thing called

And the challenge is that we've lost that a long time ago. We

And now we have this thing called numbers and accounts. But trust

It is not real. It's a big made up story.

One of the biggest make believe stories ever is called

but it's really just a smoke and mirrors term for currency

QE started with the banking bailouts back in 2009.

This currency was created out of thin air and then given to the

This is a global phenomenon­, but all you have to remember for now

these are all just voodoo, hocus pocus terms for increased

I believe gold and silver will reassert themselves as money and

And their purchasing power is going to go up many, many, many

Egypt is an amazing place. There's a franticnes­s about it, an

When it comes to like all of the merchants that are trying to get

you get fleeced to the point where you come back with an empty

But you know what? They're amateurs compared to Wall Street.

In the past several years, I've, I've spoken in many countries

and a lot of people think that they're gonna be okay in their

That it's only gonna happen in the United States or maybe the

Uh, but what they don't realize is that this is a global

I got to show you something here. This is, uh, base currency in

This is the number of paper dollars that exist basically.

It took 200 years to go from no dollars in existence to 825

And then we had the bailouts, and then we had QE1, Quantitati­ve

Then QE2. And then we had QE3 and then QE4 and then soon we're

And, uh, it isn't just here. This is what the Canadian currency

This is Australia. South Africa. Russia.

Now this starts out in just the year 2001, and this is like 18

Uh, here's Singapore. Same story. Look at that. Since the

India. China. Every government on the planet is -

doing this insane deficit spending and expanding their currency

And history shows that there is no example of this turning out

It is sometimes amazing that we haven't experience­d more inflation

If they keep expanding the money supply so vastly, why aren't our

And the answer is that a good chunk of the money that the Fed

Uh, I remember early in my research I heard this expression that

I thought what is that? How can you export your inflation? Put

Well now I understand­. You export your inflation by simply

and then they send you their refrigerat­ors and their cars and

So you get hardware and they get little pieces of paper. It's a

Sooner or later all of those pigeons come home to roost.

When the time comes as it looks like it's now coming, when the

Uncle Sam's dollars are just becoming worthless. There are too

We've got to find something else other than American dollars.

People, we don't want them anymore. What do we do with them?

Once this revs up and we've got this, this little trickle of money

when, once it becomes a flood and it starts to rush back, now we

And then we'll see the quantity of money inside the United States

even than the Federal Reserve can create it because we're getting

And, uh, that's when we will really see the tanking of the U.S.

During the second round of quantitati­ve easing, global food prices

and this created a humanitari­an disaster for the two billion

These people were hungry to start with. They became hungrier and

So quantitati­ve easing was the spark that ignited the Arab

So that's, that's it. When you create money, you get some sort of

It just depends on where the inflation goes.

Given the premise that you have a permanent underclass or poor

um, it affects them basically in the percentage of their income

And we see this as a ratio, and we know that there are some danger

For example in Egypt recently, once that ratio got to 40 percent

and the price of food rising due to inflation, when it got to 40

That's exactly what we saw. The French Revolution similarly was

Well, exactly right because when you have a runaway inflation,

In other words the people that produce more than they consume and

The problem is is that those productive people, the savers, save

and unfortunat­ely the national currency is just a fiat piece of

So when it's destroyed through runaway inflation, that 100,000

And the things that you were gonna buy with it and provide for

So that all seems pretty scary. However, uh, you know, this is

But the great news is that gold and silver always end up doing an

Basically the will of the public and the free markets.

When government­s do this kind of stuff to their currency supply,

People sense the loss of their puchasing power. They rush back to

the gold and silver up in the country until it meets or exceeds

This is a process that's been going on over and over again

It has never before happened in all countries at once.

And that means that this is the greatest wealth transfer in

Therefore it's the greatest opportunit­y in history and it's not

So now we've learned that your true wealth is your time and your

Money is a trading tool that stores the economic energy that is

Gold and silver are the ultimate money simply because of their

Fiat currencies are based solely on confidence and always return

Government­s don't like gold because it imposes restraint. Rising

and gold and silver always acocunt for an expanding currency

So that's it for this episode. Join me next time as we begin to

and how gold and silver always win the battle between currency and

Until then, my challenge to you is to stop calling currency

It's a crucial first step towards setting your mind free of all

You can learn more by watching the bonus features on our website

and we'll answer some of your questions in future bonus features.

So good luck. Thanks for watching. And we'll see you next time.

It comes from the Latin for crappy car.

You're not too sure about that are you? Huh?

I am ready for a, a good long nap.

Hi, welcome to this bonus feature for the very first episode of

uh, and this is currency vs money. So that's the, uh, major


↑ Return to Top ↑