Today, Craig is going to dive into the controversy of monetary and fiscal policy. Monetary and fiscal policy are ways the government, and most notably the Federal Reserve, influences the economy - for better or for worse. So we’re going to start by looking at monetary policy, and specifically how the Federal Reserve uses interests rates as a means of controlling (or at least attempting to control) inflation. We’ll then move onto fiscal policy - that is the government’s use of taxation to raise and spend money. It’s all, well, pretty controversial, but as it seems Americans hate taxes the most, monetary policy is most often used - meaning that the Federal Reserve plays a hugely significant role in steering the U.S. economy.
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However you slice it the Banksters create the currency and define it as an interest bearing debt and allocate made up numbers only where they want. The currency is only made valuable by people working. Without people working it would be worth nothing so its value is entirely derived from Labor but its control and creation is entirely derived from Finance. This can go on because people are gullible or able to be bought off and have been so for a long time this is the way the Fed likes it. Watch the Talks of Richard Werner for details on how Banks create the money supply.
Dude you really need to slow down a bit. I have to either watch the video at a slower speed which is annoying and sounds all funny or I have to keep going back to hear what you said. Other than that the overall video is really good. Explains exactly what i needed to know.
Noting could ever beat a moneyless sociaty. Why do people feel the need to use a monetary system to mediate social interaction? Even a debt based monetary system hinders our full societal potentiality. People seem to be stuck banging their head trying to make social development fit into archaic ideology. If we do not socially evolve we will not grow with the speed and flexibility that we are capable of, and I would argue that right now we can clearly see the stunted growth in our technological advancement due to our use of a monetary system. We need to evolve and develop into a moneyless sociaty. Of course this is contingent on living through biosphere destruction and mass extinction, so in reality we need to work to maintain a habitable planet and better our social relationships at the same time. We can do the right things but it will take courage.
If the defense concentrated their efforts on education then they could maintain their large share of funding without feeling guilty about it. Defend impoverished children attain a better education by keeping them out of gangs, drugs, and abusive parents, for example, and hopefully, they shall see the same privileges of a second chance I have been grateful to be born with.
They have the money and skill to do it, don't they? And both liberals and conservative thinkers can maintain their idea of justice, authority, fairness, and protection from harm.
All that cash stacked up on pallets in that warehouse.... that would be a work environment fraught with temptation. I bet there's some serious background checks required for that particular forklift position.
A possible reason why we don't see too much inflation in the US despite so much money slushing around is because a lot of it is slushing around overseas (since the US is the world's reserve currency) and thus the harmful effects of inflation are less pronounced on US home soil... at least for now
Hey so these are super duper great and really interesting, as someone who is taking A Level Politics (I'm English btw) I was wondering if you could do UK Politics as well though. I know if you do do it my AS level will be long gone by that point but I still think it would be really interesting and beneficial because I want to go into Politics at Uni and Im sure there's other British people who would like to no more about UK politics who already watch this. These are really cool and super interesting though, will help even more next year when I do USA Politics :D
Just a thought here: since 2 new CC series are coming out (physics and philosophy) might we get a CC on international politics? As we had american history and 2 world history, I think international politics would enable people to broaden their views and put them into perspective. And instead of punching eagles Craig (if he is qualified for int. pol.) could punch many other types of birds ;) )
After more than 6 years of 0 percent interest rates and 3 rounds of QE, you think the inflation would really be at 2 percent? Come on, Craig. The reason it hasn't all been blown up by now is that the dollar is still the world reserve currency. It's unstable and not so secure, but it's still the best and everyone wants it as a form of backup. Just think of all the dollars stored in foreign banks around the world and then talk about inflation. And then think about the consequences when everyone decides that the dollar is not worth while anymore and that money starts flooding back into the US.
Thanks... i had fun listening to the cc, plus I learnt a couple of things... I guess that's how education should be! (...apart from punching that eagle?!! I think you got quite tired of it at the very end... ... ...Need a little bit of motivation....? Get that eagle!!!!)....
Here's my logic against the efficiency of supply side economics, it seems hard for anyone to justify the amount of money necessary to be spent by the rich in order to have the same amount of money feed back into the economy. The ratio of money the upper class is able to generate compared to how much they spend is heavily favoring the idea that they earn more money then they can ever hope to spend, therefore this causes uneven wealth distribution which weakens the flow of money in the economy and slows it down. It seems the only way to counter this is through heavy taxation of the upper class then using the tax money to allow the lower classes to generate more wealth for themselves which would strengthen the flow of money creating a strong economy through balanced wealth distribution. There is has never been evidence suggesting trickle down economics strengthens the flow of money necessary for a strong economy.
This video is great, however - from an educational standpoint, I think some of these concepts should have been fleshed out a little more or 'dumb-ed down'. Economics in general is more abstract and takes some time to wrap one's head around. Otherwise, great crash course :)
If application owners opt to adopt a freemium or advertisement-based model, these services could be made free to users.
Telegram will distribute Grams following the launch of its TON main network in Q4 2018, and the implementation of its light wallet client.
The development roadmap for the TON blockchain is outlined below.
If it succeeds, the ICO will be the biggest ever by a factor of five.
Telegram will the release Grams to network participants at a later stage.
The funds raised by the token sale will be used for the development of TON, said the company.
Services for decentralized apps, smart contracts, and decentralized web browsing experiences Distributed file storage akin to services like Dropcoin and ICO company Filecoin A proxy service for creating decentralized VPN services and TOR-like secure browsing environments based on the blockchain Payments for micropayments and peer-to-peer transactions.
There are also reports that going further, Telegram will also integrate a feature of a cryptocurrency powered payment system. This system will allow transferring funds quite securely due to the app encryption provided by blockchain technology. Moreover, users will also be able to bypass the remittance fees for transferring of funds across global borders and make micropayments, which otherwise would incur a huge credit card fees.
Blockchain technology from Telegram messenger. TON can be regarded as a decentralized supercomputer and value transfer system.
The following components are scheduled to be released after the TON Blockchain core and will further increase the potential uses of the TON infrastructure.
TON Storage is a distributed file-storage technology, accessible through the TON P2P Network and available for storing arbitrary files, with torrent-like access technology and smart contracts used to enforce availability.