Follow me on X: twitter.com/Professor_Barth Buy my book!: www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1 History of Money playlist: ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html Foundations of Western Political Thought playlist: ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html If you enjoy this channel and want to support: www.patreon.com/professorbarth
We could use what are known as Inchoate Instruments, between individuals, even a digital barter system outside of the private institutional banking system.
Star Notes are printed by the Treasury to replace notes on production runs that are errors. Well the Treasury has announced that due to new technology, they are phasing out the Star Note process within 18 months because they can just insta print a replacement note with the exact serial numbers they need. This matters because I think from a production stand point to utilize the phasing out of star notes effectively, they will probably need to print fewer notes in all denominations. That could be an early sign that they want to move to a cashless society so that would line up for the adoption of retail cbdc and not leave much of a time interval for cash to coexist...
Professor Barth, in regards to how Gresham’s law may affect cash, do you consider that physical cash would need to stop being supplied (that even if there was demand to use cash in transaction, the Fed would have to stop supplying cash for this to happen)? Also, do you consider that persons may choose to spend and circulate cash due to the need or choice of keeping transaction anonymous versus bad money (CBDC) actually chasing out good cash? I understand that the choice to hoard cash for special circumstances may occur and that people may adapt to a CBDC for regular everyday purchase, in a sense this would be Gresham’s law in effect. Thank you for the informative video.
Have you ever considered doing a history of lobbying I couldn't find any videos on UA-cam Elise not in depth the way I want about the founding in actual history of it
I really like Milei! I would need to investigate the dollarization proposal further, but obviously the status quo isn't working! Ideally you'd a sovereign currency, but the dollar is easily preferable to the current peso. Milei will face a lot of obstacles from the National Congress, so that will limit what he is able to achieve. We'll see... exciting times to be sure.
@@CuriousGeorgio59 There may be a link somewhere in there; he's a trained economist and a Mises-Hayek, Ron Paul type. But his enthusiastic pro-liberty and anti-leftist platform seems quite antithetical to authoritarian systems.
26:18 correction europe is still mainly ruled by monarchies unlike US. Even canada australia newzeland have monarchies as rulers. despite the msm covering up or glossing over this fact. even sweden spain denmark have a monarchy. 🤔🤔🤔
Correction, the central banks already own everything and it doesn't matter what form of government they are pretending to implement or who they put in pretend control of it. Those who have the gold make the rules and the elite banking syndicate has all the gold.
Humanity would experience significant advantages from a multitude of the things you assert are risky. It would contribute to the oversight of money laundering, safeguard the natural world, decrease sickness, advocate for a fairer society, and avert economic turmoil stemming from imbalances in supply and demand. The sole issue I perceive is that the Federal Reserve does not prioritize any of these concerns; it exclusively caters to the interests of bankers.
Much of it boils down to your view of human nature. If you do not believe that human beings have a natural propensity to greed, ambition, depravity, and power, then yes, you may be willing to put your faith in human beings to administer such a powerful medium. A basic survey of human history, however, gives us a very different picture of man's nature. I do not trust any power to centrally administer a money like this.
You haven't made a video in quite awhile, and I've learned quite a bit more about the history of money since then, and I am wondering if you haven't made a video because you have actually learned quite a bit more about the history of money yourself.. the takeover of the american medical association by the rockefellers in the early 1900's is quite concerning
Agreed. Bitcoin will never be a full-fledged currency, but it will always be a valuable asset, precisely for its anonymity in the digital world. I'm a big supporter of Bitcoin.
@@ProfessorBarth well technically it is a “Currency” because you can use it as a medium of exchange. Will it be the global reserve currency? Who knows, highly unlikely but Nations are using it a legal tender currently.
Yes it can definitely be used effectively as a medium of exchange (so can many things; e.g., cigarettes in WW2). By currency/money I mean a commonly accepted medium of exchange. I am more skeptical that it will ever achieve that status (though it might); nevertheless, I believe it will always be a high-value asset. But who knows, maybe in a currency collapse scenario or a CBDC-takeover scenario, Bitcoin will function as a true, widely-used currency. I would not object!
My biggest hangup with Bitcoin as a full-fledged currency is that, unlike gold and silver, the production of new Bitcoin units is not responsive to price signals and supply and demand. For example, in the past, when demand for gold and silver increased, the attendant price increase incentivized miners to dig deeper into the earth, invest in further capital equipment, and supply the market with additional gold or silver. Bitcoin is not responsive to price signals; it's supply is fixed, regardless of demand. That's a problem IMO.
@@ProfessorBarth Bitcoin like almost all cryptocurrencies are not anonymous, they rely on a public unique ledger. It suffices for me to receive one transaction from you or to get your public key to be able to peep in your entire financial history. You might want to look into Monero, it's the only crypto that uses complex cryptography schemes to hide the sender, receiver and amounts. On top of that it has the best community as it is the least greedy, and most objective.
Follow me on X: twitter.com/Professor_Barth
Buy my book!: www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1
History of Money playlist: ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html
Foundations of Western Political Thought playlist: ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html
If you enjoy this channel and want to support: www.patreon.com/professorbarth
Ninjas are butterflies sent me here
Ninjas and butterflies me here❤🦋
We could use what are known as Inchoate Instruments, between individuals, even a digital barter system outside of the private institutional banking system.
Transfer of money is fast when it's hand to hand. 😊
Enlightening as always!
Star Notes are printed by the Treasury to replace notes on production runs that are errors.
Well the Treasury has announced that due to new technology, they are phasing out the Star Note process within 18 months because they can just insta print a replacement note with the exact serial numbers they need. This matters because I think from a production stand point to utilize the phasing out of star notes effectively, they will probably need to print fewer notes in all denominations.
That could be an early sign that they want to move to a cashless society so that would line up for the adoption of retail cbdc and not leave much of a time interval for cash to coexist...
We need a new update with the swift system announcement.
Professor Barth, in regards to how Gresham’s law may affect cash, do you consider that physical cash would need to stop being supplied (that even if there was demand to use cash in transaction, the Fed would have to stop supplying cash for this to happen)? Also, do you consider that persons may choose to spend and circulate cash due to the need or choice of keeping transaction anonymous versus bad money (CBDC) actually chasing out good cash? I understand that the choice to hoard cash for special circumstances may occur and that people may adapt to a CBDC for regular everyday purchase, in a sense this would be Gresham’s law in effect. Thank you for the informative video.
Have you ever considered doing a history of lobbying I couldn't find any videos on UA-cam Elise not in depth the way I want about the founding in actual history of it
I hate cash from a practical use aspect and I hate the idea of Big Brother with a CBDC. I go months and months without using cash. A conundrum for me.
Hey Professor Garth, hat do you think of Pres Milei? What’s the deal with dollarization? I’ve heard him mention free banking- is this on the cards?
I really like Milei! I would need to investigate the dollarization proposal further, but obviously the status quo isn't working! Ideally you'd a sovereign currency, but the dollar is easily preferable to the current peso. Milei will face a lot of obstacles from the National Congress, so that will limit what he is able to achieve. We'll see... exciting times to be sure.
Isn’t Milei linked to the WEF? Or is that just propaganda
@@CuriousGeorgio59 There may be a link somewhere in there; he's a trained economist and a Mises-Hayek, Ron Paul type. But his enthusiastic pro-liberty and anti-leftist platform seems quite antithetical to authoritarian systems.
26:18 correction europe is still mainly ruled by monarchies unlike US. Even canada australia newzeland have monarchies as rulers. despite the msm covering up or glossing over this fact.
even sweden spain denmark have a monarchy. 🤔🤔🤔
Correction, the central banks already own everything and it doesn't matter what form of government they are pretending to implement or who they put in pretend control of it. Those who have the gold make the rules and the elite banking syndicate has all the gold.
Ninjas and Butterflies sent me here❗️
Will use Bitcoin instead
I’m sure there won’t be cash with cBCD in circulation but there will be a digital currency USDC and CBCD in circulation together
Ninjas are butterflies sent me🎉
Ningas are butterflies sent me here
Humanity would experience significant advantages from a multitude of the things you assert are risky. It would contribute to the oversight of money laundering, safeguard the natural world, decrease sickness, advocate for a fairer society, and avert economic turmoil stemming from imbalances in supply and demand. The sole issue I perceive is that the Federal Reserve does not prioritize any of these concerns; it exclusively caters to the interests of bankers.
Much of it boils down to your view of human nature. If you do not believe that human beings have a natural propensity to greed, ambition, depravity, and power, then yes, you may be willing to put your faith in human beings to administer such a powerful medium. A basic survey of human history, however, gives us a very different picture of man's nature. I do not trust any power to centrally administer a money like this.
You haven't made a video in quite awhile, and I've learned quite a bit more about the history of money since then, and I am wondering if you haven't made a video because you have actually learned quite a bit more about the history of money yourself.. the takeover of the american medical association by the rockefellers in the early 1900's is quite concerning
the biggest mistake they're making is thinking money controls
Xrp is the one
Lol no it's not, XRP is shyte
XRP = 🐂🚀🌕
You can't teach people they have to do there own research and then they will understand why people say xrp is something
Lol you know about seed oils and you use brave 😎
Bitcoin is the life raft from Central Banks.
Agreed. Bitcoin will never be a full-fledged currency, but it will always be a valuable asset, precisely for its anonymity in the digital world. I'm a big supporter of Bitcoin.
@@ProfessorBarth well technically it is a “Currency” because you can use it as a medium of exchange.
Will it be the global reserve currency?
Who knows, highly unlikely but Nations are using it a legal tender currently.
Yes it can definitely be used effectively as a medium of exchange (so can many things; e.g., cigarettes in WW2). By currency/money I mean a commonly accepted medium of exchange. I am more skeptical that it will ever achieve that status (though it might); nevertheless, I believe it will always be a high-value asset. But who knows, maybe in a currency collapse scenario or a CBDC-takeover scenario, Bitcoin will function as a true, widely-used currency. I would not object!
My biggest hangup with Bitcoin as a full-fledged currency is that, unlike gold and silver, the production of new Bitcoin units is not responsive to price signals and supply and demand. For example, in the past, when demand for gold and silver increased, the attendant price increase incentivized miners to dig deeper into the earth, invest in further capital equipment, and supply the market with additional gold or silver. Bitcoin is not responsive to price signals; it's supply is fixed, regardless of demand. That's a problem IMO.
@@ProfessorBarth Bitcoin like almost all cryptocurrencies are not anonymous, they rely on a public unique ledger. It suffices for me to receive one transaction from you or to get your public key to be able to peep in your entire financial history. You might want to look into Monero, it's the only crypto that uses complex cryptography schemes to hide the sender, receiver and amounts. On top of that it has the best community as it is the least greedy, and most objective.
Ninjas are butterflies sent me here
Ninjas are butterflies sent me here
Ninjas are butterflies sent me here