John Law and the Mississippi Bubble

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  • Опубліковано 25 жов 2024

КОМЕНТАРІ • 112

  • @InMooseWeTrust
    @InMooseWeTrust 4 роки тому +159

    Printing money and using it to buy back stocks to raise value? Sounds familiar.

    • @tanimation7289
      @tanimation7289 4 роки тому

      Mujtahid Haque Are you referring to war bounds?

    • @MrCTruck
      @MrCTruck 4 роки тому +6

      @@tanimation7289 I'd bet he's referring to the cares act where corporations were allowed to loot and leverage the 500billion in the language of the bill and then they used it to buy back stocks and raise value artificially.

    • @mtor9452
      @mtor9452 4 роки тому +4

      That's definitely not what's going on right now! 😄

    • @simplewealthplanning6817
      @simplewealthplanning6817 4 роки тому +9

      John Law was the original Keynesian.

    • @kyanhowe8777
      @kyanhowe8777 4 роки тому +6

      @@tanimation7289 no he’s talking about the federal reserve

  • @MuseFanUprising
    @MuseFanUprising 12 років тому +67

    this should be shown in every history class..great video!

  • @howardlanus8467
    @howardlanus8467 3 роки тому +41

    "We take it from the people and give it back to them again"
    Isn't that just plain taxes?

    • @RedShiftedDollar
      @RedShiftedDollar 3 роки тому +3

      Yes. Basically it is a lesson to us all that taxes will go up soon.

  • @jeobeahon
    @jeobeahon 14 років тому +59

    cartoons: the best way to learn. seriously, i still remember the Preamble to the Constitution from Schoolhouse rock from 6 years ago. and i didn’t understand the “paper money problem” until after this video.

    • @BlueJDMMR2
      @BlueJDMMR2 3 роки тому +1

      I"m an amendment to be, yes I'm amendment to be, and I'm hopin' that they'll ratify me. There's a lot of flag burners who have got too much freedom. I wanna make it legal for policeman, to beat them, because there's limits to our liberty. At least I hope and pray that there are, because those liberal freaks go too far.
      "Why don't they just pass a ban on flag burning?"
      Because that law would be unconstitutional. But if WE CHANGE the constitution, then we can write all sorts of crazy laws! Now you're catchin' on!
      What if they don't pass you?
      THen I'll crush all opposition to me, and I'll make Ted Kennedy pay, if he fights back? I'll say that he's gayyyyy

  • @Bruugle
    @Bruugle 2 роки тому +19

    What an important cartoon to watch in an age of myriad crypto currency schemes and this nee NFT (bubble) phenomena.

  • @Yora21
    @Yora21 5 років тому +56

    Lesson learned. I will not invest in the Mars Colony Company.

  • @OutSourceKings
    @OutSourceKings 8 років тому +76

    Embarrassed to say the cartoons made it more enjoyable and easy to watch haha!! Thanks for the upload friend!!

    • @zes3813
      @zes3813 6 років тому +1

      wrg, no embarasx for such or anyx

  • @wilfredomendez3450
    @wilfredomendez3450 4 роки тому +23

    and the history repeats itself . . .

    • @niceguyofgames9490
      @niceguyofgames9490 3 місяці тому +1

      Oh that’s nothing, you should look at Extra History when they cover the South Sea Bubble. They are still paying that off to this day.

  • @ysa722
    @ysa722 14 років тому +14

    A great way to learn history! Kudos!

  • @sakiracadman5673
    @sakiracadman5673 2 роки тому +7

    It's important to remember, when you are in a fiat only system and we are. It's hard to measure the system within a system. Under a gold standard it was easy to see bubbles, because the cost to mine more gold and convert fiat to gold made it obvious. It's not like that today. Not saying what we are seeing now won't end, but to be careful in assuming it will overnight.

  • @greetdebelder6732
    @greetdebelder6732 6 років тому +6

    Nice cartoon ,perfect explanation..the best way to learn history !

  • @ellamone9998
    @ellamone9998 4 роки тому +7

    Love the arrows pointing the directions lol. On the one pole, Road to Italy, New Orleans, Winnipeg and an arrow pointing to the ground En Bas meaning Down Under hahaha.

  • @davidlangford9107
    @davidlangford9107 2 роки тому +4

    AND, in 2022, THE BUBBLE CONTINUES TO GET BIGGER!

  • @Quasimodo1957
    @Quasimodo1957 2 роки тому +1

    Financial disasters are beyond tough to understand to those of us without the financial mind. This is perfect!

  • @davido4194
    @davido4194 4 роки тому +6

    more relevant than ever during these times.

    • @jjsan27
      @jjsan27 4 роки тому

      Yes it is..

  • @jianchen5433
    @jianchen5433 4 роки тому +11

    We are living in 2020 Mississippi bubble now.

    • @tanimation7289
      @tanimation7289 2 роки тому

      In witch way?

    • @ciararespect4296
      @ciararespect4296 2 роки тому

      @@tanimation7289 interest rates through roof poverty awaits

    • @tanimation7289
      @tanimation7289 2 роки тому +3

      @@ciararespect4296 I was thinking more like digital currencies (like crypto and NFTs) is a bubble about to burst.

  • @VKURDR
    @VKURDR 2 роки тому +4

    i learned that paper money is valueless and people everyday are convinced it is worth something. an idea i had for a while...

    • @tanimation7289
      @tanimation7289 2 роки тому +1

      Paper money and other forms of currency was invented to help with trade in are economics.

  • @sweettina2
    @sweettina2 7 років тому +7

    Excellent! Very well done.

  • @IvoryOasis
    @IvoryOasis 2 роки тому +4

    Don't worry, I'm sure printing money to inflate stocks will work out ok this time!

  • @vanillaglue
    @vanillaglue 3 роки тому +2

    This is so well done!

  • @3roderick3
    @3roderick3 6 років тому +6

    wasn't the first rags to riches to rags story the tulip bubble in the Netherlands?

  • @Nettsinthewoods
    @Nettsinthewoods 3 роки тому +1

    What a wonderful and informative animation

  • @largo2001
    @largo2001 14 років тому +5

    Brought to you with paper money from Canada.

  • @ctelable
    @ctelable 11 років тому +14

    Looks to me like the wealthy prince got the best deal... He got the bailout

    • @roberthewitt2155
      @roberthewitt2155 4 роки тому +1

      he got out first; those are the people that do the best

  • @swisslord2478
    @swisslord2478 6 років тому +8

    6:57 typical scream

  • @AA-tp2bp
    @AA-tp2bp Рік тому +1

    To commemorate such man like John Law, someone did coins where he appears making money with his a$s.

  • @Oilerator_
    @Oilerator_ Рік тому +3

    2:54 is a scarily accurate representation of the current Canadian government

    • @tanimation7289
      @tanimation7289 Рік тому

      What government doesn't do this?

    • @Oilerator_
      @Oilerator_ 11 місяців тому

      @@tanimation7289 Any fiscally responsible one.

    • @tanimation7289
      @tanimation7289 11 місяців тому

      @@Oilerator_ Like?

  • @AlexReynard
    @AlexReynard 3 роки тому +1

    This is like a proto Internet Historian video.

  • @akshitajain4601
    @akshitajain4601 3 роки тому +2

    I just don't get it, what did the mississippi company actually do?

    • @tanimation7289
      @tanimation7289 2 роки тому

      Basically they planed to colonize North America but that fell threw and they ended up selling it to the president of the US later on.

  • @peachjwp
    @peachjwp 3 роки тому

    Great cartoon! Excellent information!

  • @tomwickham8938
    @tomwickham8938 2 роки тому +1

    Brilliant! I am glad that I have a computer screen that says that I have lots of bitcoin wealth. Somewhere

  • @BlueJDMMR2
    @BlueJDMMR2 3 роки тому +1

    4:50 nobility in shape of that French symbol

  • @gothicdragonwarriorqueen5819
    @gothicdragonwarriorqueen5819 4 роки тому

    Very cute animation!!!🙂❤👍

  • @charliec.5514
    @charliec.5514 3 роки тому +3

    Justin Trudeau is John Law.

  • @swisslord2478
    @swisslord2478 6 років тому +3

    1:59
    Switzerland
    2:00 nope

  • @crazitomali
    @crazitomali 4 роки тому +1

    When the IMF goes in twitter to tell people not to withdraw their cash from banks...

  • @houmus649
    @houmus649 3 роки тому +1

    Gamestop is just one company, it's the monetary system as a whole that's in a bubble and like all bubbles....they eventually find a pin.

  • @seanramsdell4172
    @seanramsdell4172 9 років тому +1

    Can you upload Why Me,Get A Job, Getting Started, Oh Sure, To Be and so on?

  • @amberdavis5311
    @amberdavis5311 3 роки тому +1

    3:07 what is John law doing?

  • @augustavadimovna
    @augustavadimovna Рік тому

    Великолепная графика, художник молодец. 👍

  • @askabout4213
    @askabout4213 3 роки тому +1

    If it wasn’t for the greedy king the system could have worked. Why can’t good things be controlled so it’s rise is constant and stable. Instead we must hype things up so much that it has no choice but to crash down

  • @fedorassvensson8037
    @fedorassvensson8037 5 років тому +1

    6:29 is that monakuma?

  • @lucasfleming3114
    @lucasfleming3114 2 роки тому +1

    So entertaining so educational so stressful 🥵

  • @DorianSanchez-on2qr
    @DorianSanchez-on2qr 4 місяці тому

    Never fall for financial scams, and stick to your financial plans what happened back in France in the 17th century is a warning

  • @leofender1970
    @leofender1970 12 років тому

    excelente video

  • @bakersdocent3616
    @bakersdocent3616 7 років тому

    Superb!

  • @junkboxxxxxx
    @junkboxxxxxx Рік тому

    But who says that gold is "real value"?

  • @halfalien2014
    @halfalien2014 2 роки тому +1

    Sounds like Bitcoin

  • @warmlandmobilebrakes
    @warmlandmobilebrakes 2 роки тому

    Who is here in 2022 watching it all collapse?

  • @cristhianccorahua1878
    @cristhianccorahua1878 2 роки тому

    Quisiera ver en español

  • @yukonnahanni
    @yukonnahanni 14 років тому

    Bravo !!!

  • @getmartincarter
    @getmartincarter 4 роки тому +1

    The Printing of US$ to buy up Government T Bills is fundamentally different from John Law’s scheme of printing money to buy up shares . Buying or redeeming debt with printed money is theft of value in the currency at the expense of savers and to the benefit of tax payers who would otherwise have to pay through higher taxes to redeem debt. It is the holders of the remaining T Bills and US dollar holders who bear this cost , mostly Japanese and Chinese savers not Americans . Taken to its extreme the US Federal Reserve could ‘ redeem ‘ with printed money all US Government T Bills to the point where the Fed’s balance sheet equaled the T Bill issuance . Although legally in private hands the Fed is an agency of the US Government which could abolish the Fed by statute and merge the two balance sheets .

  • @Papa-ur3ju
    @Papa-ur3ju 2 роки тому +1

    Bitcoin .

  • @LydianFlat7
    @LydianFlat7 3 роки тому +1

    In the long run, they decided to replace kings with nations so that there would be no one to demand the money back. The public would always be in debt to itself. Evil af!

  • @realonetho5333
    @realonetho5333 2 роки тому

    Did y’all kno John law was a black men

  • @ghgmd
    @ghgmd Рік тому

    Im john law!

  • @causabon99
    @causabon99 9 років тому +2

    Plus ca change, plus c'est la meme chose.

    • @swisslord2478
      @swisslord2478 6 років тому

      causabon99
      Bonjour à toi camarade français

  • @emilioep_
    @emilioep_ 3 роки тому

    2021 : Bitcoin bubble

  • @RetroWinnipeg
    @RetroWinnipeg 3 роки тому +1

    GameStop in a nutshell

    • @x-tianunicorn3005
      @x-tianunicorn3005 3 роки тому

      All of the Richard Condie animations are masterpieces imho, but yes, events with GameStop Jan. 2021 brought me back to enjoy this classic. Daughter asks Dad, "What is money?" "Money is crazy sweetheart. You know The Cat Came Back, and, The Big Snit cartoon? The same artist and, his sister made a cartoon about money"
      GameStop being shorted over 100 percent was a whole new level, buckle up. Cheers from Nova Scotia!

  • @pingacomcachaca2880
    @pingacomcachaca2880 4 роки тому

    Speed Drawing

  • @DerDrBach
    @DerDrBach 3 роки тому +1

    S T O N K S

  • @NoobDoStuff
    @NoobDoStuff 6 років тому

    i like that

  • @user-iy9mx4pm5z
    @user-iy9mx4pm5z 5 років тому

    PONZI = selling dreams

  • @williamhoffer9277
    @williamhoffer9277 Рік тому

    They should show this film to the Canadian Prime Minister!

  • @Khalid88Nasser
    @Khalid88Nasser 11 років тому

    Hyperinflation hhhh

  • @dobbsiancant
    @dobbsiancant 8 років тому +1

    donald trump will renege on america's debt...

  • @TrainmasterCurt
    @TrainmasterCurt 6 років тому

    The Jews want your gold, don’t give it to em’

  • @Lot_2023
    @Lot_2023 Рік тому +1

    Never gamble on Bitcoin.