►My management consulting course [taught by me and an Ex-Mckinsey]: wisdomhatch.com/management-consulting/ _______________________________________________________ ►You can check out some great book summaries on World War 1 on KukuFM: kukufm.sng.link/Apksi/0oz0/lzdt Coupon code - AKSHAT50 (Coupon valid for first 250 users)
Exactly what the US govt does. They can repay any amount of loan by simply printing dollars. Because their currency is considered to be a standard for transactions.
I don't usually comment on any video but this video made a lot of sense regarding the knowledge of currency, printing, and its actual worth. That Rs. 1000 note has no value after demonetization and the Govt has actually backed off from its own promise printed on it.
What a coincidence- I started rewatching the documentary “Zeitgeist” whose first part was released in 2007 and talked about this same concept and Akshat ends up mentioning the same devilish scheme of things as well.
@Joydeep Bhattacharjee same for me man. I watched it when i was in college as well. But now i am 34 years old and have earned money and taken a break from my job and studied finance as well (i am an engineer), I realise how flawed our system is. Watching it again makes me feel like i only understood 5% of Zeitgeist earlier. This flawed financial system of labour and wars and materialism is much more clear now.
I came here to learn how to trade after listening to a guy on radio talking about the importance of investing and how he has made $470,000 in 4 months from $160k. Somehow this video has helped shed light on some things but I'm confused, I'm a newbie and I'm open to ideas.
@mike davis Interesting, I've a lump sum doing absolutely nothing at all in my bank account, I wanna start something with it, you seem doing excellent for yourself, how do you achieve this?
The Breton woods agreement in 1944 is also a crucial moment in history when the US promised rest of the world that USD will be the reserve currency of the world since it’s at Good standard. They violated the promise in 1972 when President Nixon took the dollar of the gold standard.
On an avg Millennials are poorer than their parents because of lack of awareness and knowledge on this front, it’s really sad….it’s high time to make the central banks accountable and only collectively rising our voice it is possible instead of solely relying on the leaders to do the job.
Agree but suppose a crisis similar to covid emerges again in future then any govt will have to print money at unprecedent pace. Gold was fixed at $35 per ounce when gold standard was in place. That did not give flexibility for any government.
What is money? Do we eat money? Or do we need money to buy something to eat? So, we need money to exchange value. But where does the value of gold come from? Do we eat gold? Similarly, the government tells you to believe in their money, while gold bugs tell you to believe that this metal holds value. Money serves to facilitate exchange in the economy and grows along with the growth of the economy.. You are wrong about what is money. if your money keeps growing in you bank account which means growing money without risk then who will take money out of bank and invested and create jobs in the economy?
Please also explain reason that why he say he doesn't believe in stock market investing. And how he uses debt as building assets and pay no tax. Is his principle applicable in Indian context
Namaskar Sh.Akshat Shrivastav ji I have following questions 🇮🇳How to make it possible ? We Should be able to control 🎯rate of gold in world instead of ....
Money cannot have any underlying value, as that will discourage consumption. If I know a 500 rupee note will buy me more stuff a year from now, I will cut my consumption, and thus dampening demand. Lower demand would mean, lower revenue for businesses, lower wages for employees, more layoffs, and thus recession. Am I wrong?
lets say i have no INR , and have diversified assets like crypto, shares and gold...and assume India goes into Sri Lankan situation..i still need to buy essentials , petrol etc , and for that , i still need INR.....i cant buy food from bitcoin....
WOW, it si the best video i haveen on investing and all the concepts from rich dad poor dad , fiat money, debt, inflation, relation to wars, gold standard explained in such simple way. i am amazed by your ability to explain complex concepts in such natural way. thanks for making this video really oped up the theories alot.
The free market principle is an Islamic principle. Islam considers commodities with intrinsic value as currency. The following are some examples of commodities that can be used as currency: gold (as Gold Dinar), silver (as Silver Dirham), dates, wheat, barley, and salt. The mentioned six items are derived from a hadith i.e gold, silver, dates, wheat, barley, and salt and were used as money in barter system. As the items mentioned in hadith, therefore, also known as Sunnah money. Paper money or electronic money can be used as long as it is backed by one of these commodities at a fixed exchange rate
I have heard that there is more credit than debit. That means all debt can't be met. How do we then control it and thus increase the power of money that we hold?
Holistically explained the BIG Picture of correlation between History & Present! @Akshat Shrivastava. Thanks a lot!! :) We really hope that we move to semi-gold peg standard and at least we personally become more productive so that we don't need to rely on government printed (vanishable) money to some extent! Kudos for making such useful videos! @Akshat Shrivastava!! 🙌😁
We are in a inflation regime change (40yr bond cycle has ended if you look at 10yr charts ) and a changing world order dynamic ( there are 5 wars : trade war , technology war, a geo political issue somewhere , capital war ( usa govt currently fighting USDCNH and putting pressure on asia forex by JPYUSD , then the final world war ) ~ Mr X
the gold standard have some limitations. in gold standard there will be limited supply of money but if economy rises and supply of goods increases it can cause deflation which will ultimately affect the economic growth.
So in Deflation people will decrease their spending and start saving more. Are you saving that people saving money for their future is bad? Also some of the economic growth we have on soft money is just government flushing the system with newly minted money and calling it economic growth. What is the point of having economic growth if all that happens is 90% of the population get poorer coz of inflation as they save most of their money in cash and the rich gets richer coz most of their wealth is in assests!?
You are making a leap here. The prices of goods and services will fall (deflation) when the amount of goods and services increase while the money supply is constant. Agreed. This means the cost of a small packet of Maggi would fall from 10 rupees to 5 rupees. The cost for production of Maggi would also fall proportionately. This means Nestle would still be making a profit. This means the poor people who were saving in cash (because they can't afford to save in hard assets like house or land) would be able to afford more goods and services. I fail see how this badly affects the economic growth. Have I missed something ?
Sir, I believe with proliferation and democratization of investment options, retail investors are going to have a better time in future, not vice-versa. Also, fiat money may not be the only reason of inflation. Inflation existed even during gold standard era. Just my opinion.
The reason for inflation is indiscriminate money printing which otherwise would not have happened if there was a gold standard. Under the gold standard, there is a self regulating mechanism but it is not the case with the fiat system.
There was a time when TRANSACTIONS were in gold Only problem was carrying it n exact standardiration I am wondering if TRANSACTIONS again start in gold then how many countries will be in race ❓n will it change world order too❓ IS DIGITAL GOLD IS A FULL CIRCLE N CHANGE THE MOMENTUM CONCEPT ?Everything comes to a full CIRCLE N best/worst part is you just don't know the beginning or end of the loop . Those who can recognize it fast will definitely benefit 🎯✅🙏🕉🍀
To be frank anything which is not tangible is risky, if the trusted authority (govt/bank) doesn't work properly. Remember even now the Real estate / Infrastructure gives real value to a company
Hi Akshat. If you can't trust currency printed by government then how can you support Crypto ? It's sad that your concepts are not standard & changes with time.
Hey Akshat, Very insightful video. In that case is it a good idea to buy more gold like pure biscuits, coins etc. to be able to add more money to our portfolio?
Akshat sir, can you pls make a video on how to buy and sell old coins and notes along with the ecommerce sites and tax rates associated. Mainly we would like to know the estimation of diff kinds of old coins
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment. Can someone recommend a good expert that trade on my behalf and generate profit for me.
Nice videos, I saw few of your videos about a year back, found them quite interesting, however couldn't follow, now came across this channel once again, realized the channel has grown by leaps and bounds, and deservedly so. But the style of presentation was sounding something very familiar. Are you influenced by india in motion, another excellent but a bit underrated vlogger
![Explainer: ZERO taxes in India? [Why an i-Phone costs MORE here...]](http://i.ytimg.com/vi/D_XV8HVrVbc/mqdefault.jpg)
►My management consulting course [taught by me and an Ex-Mckinsey]:
wisdomhatch.com/management-consulting/
_______________________________________________________
►You can check out some great book summaries on World War 1 on KukuFM: kukufm.sng.link/Apksi/0oz0/lzdt
Coupon code - AKSHAT50
(Coupon valid for first 250 users)
Money should be backed by Gold or Silver ...
Is "COSTED" the word for today?
I am not supporting demonetisation but people holding cash were allowed to exchange it. Isn't that equivalent of fulfilling bearer promise?
Can we connect? Need to talk
Nikson is the idiot who started all this.
Worth watching, Akshat Bhai😇
The quality of your content blows my mind every time. This is unheard & untouched knowledge for comman man. Thanks a lot sir 🙂
30 % gold
30% land
20% shares
10% cash
10% bonds
Badhiya hai
Aap ne to pura portfolio hi de diya 😂
30% gold
20% shares
10% foreign currency (cash) a little bit if it's a country like india/Pakistan /Bangladesh
10% bond
30% land
Pay old debt ( money ) by new money
When others do it - Ponzy scheme
When government does it - monetory policy
😆😅🤣
Oversimplification
Absolutely truth, how they fooled us by some glitterry words
Exactly what the US govt does. They can repay any amount of loan by simply printing dollars. Because their currency is considered to be a standard for transactions.
@@shubhammishraq Portugese, British Currency lasted for 100 years
Usd is 102 years
Btc standard is coming or Chinese yuvaan is!
Very well explained . It is difficult to explain with such clarity even in a full semester
I don't usually comment on any video but this video made a lot of sense regarding the knowledge of currency, printing, and its actual worth. That Rs. 1000 note has no value after demonetization and the Govt has actually backed off from its own promise printed on it.
What a coincidence- I started rewatching the documentary “Zeitgeist” whose first part was released in 2007 and talked about this same concept and Akshat ends up mentioning the same devilish scheme of things as well.
@Joydeep Bhattacharjee same for me man. I watched it when i was in college as well. But now i am 34 years old and have earned money and taken a break from my job and studied finance as well (i am an engineer), I realise how flawed our system is.
Watching it again makes me feel like i only understood 5% of Zeitgeist earlier. This flawed financial system of labour and wars and materialism is much more clear now.
@Joydeep Bhattacharjee The way you described it I will definitely have to watch it....I heard about it but didn't take much interest.
@@kasimshaikh3750 you should definitely watch it. Will open a new world of thought.
I came here to learn how to trade after listening to a guy on radio talking about the importance of investing and how he has made $470,000 in 4 months from $160k. Somehow this video has helped shed light on some things but I'm confused, I'm a newbie and I'm open to ideas.
@mike davis Interesting, I've a lump sum doing absolutely nothing at all in my bank account, I wanna start something with it, you seem doing excellent for yourself, how do you achieve this?
@@josephcloe2437 Exactly,the trick is to diversify your investments, don't panic when everyone else do and invest consistently.
@mike davis that's cool, so do you give her your money to help you
Is her service available outside the UK? Since her broker is registered in the UK.
Please 🙏 how do I get in touch with Mrs Lucy Mary? I would love to trade with her.
The Breton woods agreement in 1944 is also a crucial moment in history when the US promised rest of the world that USD will be the reserve currency of the world since it’s at Good standard. They violated the promise in 1972 when President Nixon took the dollar of the gold standard.
True!
Exactly, Nixon was always a corrupt and low person
If countries transact with Gold as standards instead of dollar, that countries fate is same as what happened to Gaddafi (Gaddafi Dinar) and Libya
Very beautiful thought process of recollecting gold standard maybe we need to buy physical gold
An awesome lesson in history, finance and megamacro economics!! So succinctly and ingeniously curated for lay persons like me!!! Bravo!
Hi Akshat Bro, This is the 1st time I couldn't skip or forward the video in 1.5x speed 😉😊😊👍👍👍.. Very interesting and knowledgeable video👍
They did not back off from the 1000/- note. They gave digital money in bank which could be converted to 500/- note or 2k note.
Exactly. I don't know if he is so foolish to not understand this or if he's so biased against one party so he lied about this.
This is the best advice one can give it to their children. 👌❤🙏
On an avg Millennials are poorer than their parents because of lack of awareness and knowledge on this front, it’s really sad….it’s high time to make the central banks accountable and only collectively rising our voice it is possible instead of solely relying on the leaders to do the job.
You have rightly shown that sometimes historic events too, can affect us drastically. Superb Akshat
"Hidden secrets of money" - best UA-cam series on this subject. Highly recommended!
Last 5 minitue of video is literally gold , thank you akshat sir
Partial peg to gold standard is a must because it will discipline the government fiscally.
Superb content.
Agree but suppose a crisis similar to covid emerges again in future then any govt will have to print money at unprecedent pace. Gold was fixed at $35 per ounce when gold standard was in place. That did not give flexibility for any government.
What is money? Do we eat money? Or do we need money to buy something to eat? So, we need money to exchange value. But where does the value of gold come from? Do we eat gold? Similarly, the government tells you to believe in their money, while gold bugs tell you to believe that this metal holds value. Money serves to facilitate exchange in the economy and grows along with the growth of the economy.. You are wrong about what is money. if your money keeps growing in you bank account which means growing money without risk then who will take money out of bank and invested and create jobs in the economy?
Superb!! Very good summary of current situation!!
Ingenuity simply means someone is so expert to change his or her situation or circumstances based on what it demands in order to make things simpler.
Please also explain reason that why he say he doesn't believe in stock market investing. And how he uses debt as building assets and pay no tax. Is his principle applicable in Indian context
Namaskar Sh.Akshat Shrivastav ji I have following questions
🇮🇳How to make it possible ? We Should be able to control 🎯rate of gold in world instead of ....
Money cannot have any underlying value, as that will discourage consumption. If I know a 500 rupee note will buy me more stuff a year from now, I will cut my consumption, and thus dampening demand. Lower demand would mean, lower revenue for businesses, lower wages for employees, more layoffs, and thus recession. Am I wrong?
With gold has value not price, ok but now it is important to understand the valuation of gold in industrialization of world, dear 💕 world is changing
Another piece of gold! This video is outlines a very important piece of history which everyone should read
lets say i have no INR , and have diversified assets like crypto, shares and gold...and assume India goes into Sri Lankan situation..i still need to buy essentials , petrol etc , and for that , i still need INR.....i cant buy food from bitcoin....
WOW, it si the best video i haveen on investing and all the concepts from rich dad poor dad , fiat money, debt, inflation, relation to wars, gold standard explained in such simple way. i am amazed by your ability to explain complex concepts in such natural way. thanks for making this video really oped up the theories alot.
This is the best explination EVER !!! kudos to your way of explaining
Stunning insights.... Please make video on Sovereign Gold Bond, pros and cons
you are an amazing session I am really loving it.
Create a video on how to set goals in Stock Market? means when to exit as no stock is for forever.
Thank you for your comment.
Contact the wats’sap line above for more information and consultation on investment.
Hard hitting video. Learning the art of investment is no longer a choice...it has simply become a must.
Sir,can u make a vedio on why Dollar is considered a reserve currency!? Wud be very interesting!! Thank u in advance.
Lot of informative gyaan👍
There are many things are changing, in mahabharat gold in hand but people hasn't have food
The free market principle is an Islamic principle. Islam considers commodities with intrinsic value as currency. The following are some examples of commodities that can be used as currency: gold (as Gold Dinar), silver (as Silver Dirham), dates, wheat, barley, and salt. The mentioned six items are derived from a hadith i.e gold, silver, dates, wheat, barley, and salt and were used as money in barter system. As the items mentioned in hadith, therefore, also known as Sunnah money.
Paper money or electronic money can be used as long as it is backed by one of these commodities at a fixed exchange rate
I have heard that there is more credit than debit. That means all debt can't be met. How do we then control it and thus increase the power of money that we hold?
Beautiful. Absolutely beautiful. What I've known since 2015 is finally being broadcasted.
Value of any currency comes from the Mutual acceptance of the currency in an area.
Insightful video, can you make a video on Sovereign gold bond scheme, does investing in sovereign gold bonds have benefits.
Ingenuity - Being clever
Holistically explained the BIG Picture of correlation between History & Present! @Akshat Shrivastava. Thanks a lot!! :)
We really hope that we move to semi-gold peg standard and at least we personally become more productive so that we don't need to rely on government printed (vanishable) money to some extent! Kudos for making such useful videos! @Akshat Shrivastava!! 🙌😁
Hey Akshat, what about sovereign gold bonds? should one perpetually invest in it?
We can go for supply and demand backed currency, read money monetary policy.
We are in a inflation regime change (40yr bond cycle has ended if you look at 10yr charts ) and a changing world order dynamic ( there are 5 wars : trade war , technology war, a geo political issue somewhere , capital war ( usa govt currently fighting USDCNH and putting pressure on asia forex by JPYUSD , then the final world war )
~ Mr X
the gold standard have some limitations. in gold standard there will be limited supply of money but if economy rises and supply of goods increases it can cause deflation which will ultimately affect the economic growth.
So in Deflation people will decrease their spending and start saving more. Are you saving that people saving money for their future is bad? Also some of the economic growth we have on soft money is just government flushing the system with newly minted money and calling it economic growth. What is the point of having economic growth if all that happens is 90% of the population get poorer coz of inflation as they save most of their money in cash and the rich gets richer coz most of their wealth is in assests!?
You are making a leap here. The prices of goods and services will fall (deflation) when the amount of goods and services increase while the money supply is constant. Agreed.
This means the cost of a small packet of Maggi would fall from 10 rupees to 5 rupees. The cost for production of Maggi would also fall proportionately. This means Nestle would still be making a profit. This means the poor people who were saving in cash (because they can't afford to save in hard assets like house or land) would be able to afford more goods and services.
I fail see how this badly affects the economic growth. Have I missed something ?
Sir, I believe with proliferation and democratization of investment options, retail investors are going to have a better time in future, not vice-versa. Also, fiat money may not be the only reason of inflation. Inflation existed even during gold standard era. Just my opinion.
Feedback appreciated.⬆️
Wanting more info and insight?
WatsApp the number above,
Endeavour to reach out.
The reason for inflation is indiscriminate money printing which otherwise would not have happened if there was a gold standard. Under the gold standard, there is a self regulating mechanism but it is not the case with the fiat system.
Liked it, but no solutions suggested. Should we convert everything to gold?
This is a good video about concept of money . keep it up.
Akshat the Finance teacher, Akshat the History teacher..The one and only Akshat the Bitcoin-Man. 👍
Very informative video ❤️
There was a time when TRANSACTIONS were in gold
Only problem was carrying it n exact standardiration
I am wondering if TRANSACTIONS again start in gold then how many countries will be in race ❓n will it change world order too❓
IS DIGITAL GOLD IS A FULL CIRCLE N CHANGE THE MOMENTUM CONCEPT ?Everything comes to a full CIRCLE
N best/worst part is you just don't know the beginning or end of the loop .
Those who can recognize it fast will definitely benefit
🎯✅🙏🕉🍀
Amazing...God bless everyone...har har Mahadev
Absolute legend you're, more than a macro economist you're such a good teacher
So wonderfully explained Sir... Please make more videos on Economics
Very informative video. Thanks for creating such great content.
Excellent video sir ji
Wow lovely
Even fiat currency will end. Governments are going for digital currencies so that they can have complete controll of it.
It's so amazing to know the about currency concept. Thanks @akshat
Loved the video! Thank you sir
Further, why didn't all countries besides USA (reserve currency) revolt against USA when gold back up was off for currency in 1971 (fiat standard)
1000 and 500 note were replaced.why are you saying govt refused there promise on note.how idiotic.
I'm blessed to have access to Akshat's knowledge through UA-cam for the most valuable content he shares,
Thanks Akshat Sir.
I would like to know your thoughts on FRACTIONAL RESERVE BANKING .
Thank you
⬆️⬆️⬆️ Reach me with the What'sapp line above for more information, guidelines and consultation. Thanks for the feedback.....
Doesn't this make actual gold more valuable than SGB, because if the Govt. goes bankrupt then they'd not be able to buy back our SGB?
Exactly my question also
To be frank anything which is not tangible is risky, if the trusted authority (govt/bank) doesn't work properly. Remember even now the Real estate / Infrastructure gives real value to a company
What if interest rate on digital gold/gold monitisation is increased? What if dearness allowance is in digital gold format?
Your explanation is fantastic 👏 ,Pl reduce the speed of talking.🙏
Boy I was waiting for this though 20 min is not enough akshat why don’t you start podcasts, please!!
Can you make a video on how does printed money flow into economy?
He is making money in youtube rather than stock market congrats
15:55 to 16:03 👌👌👌👌👌
Everyone should read The bitcoin standard, from which this video is inspired.
Yes Totally agree. Saifedean has done a splendid job in explaining the whole monetary system
Spam
But do we have so many gold mines for millions of PPL to buy ? Is it even possible ?
You are exceptionally smart and efficient Akshat sir, thank you for sharing your wisdom with us
Loved the video, should change name of channel to anarchist akshat 🤣🤣🤣
⬆️⬆️⬆️ Reach me with the What'sapp line above for more information, guidelines and consultation. Thanks for the feedback.....
I was excepting an Islamic Scholar to talk about these things but didn't know their was someone like you explaining all this.
Feedback appreciated.
Wanting more info and insight?
WatsApp the number above,
Endeavour to reach out!!
Hi Akshat.
If you can't trust currency printed by government then how can you support Crypto ?
It's sad that your concepts are not standard & changes with time.
Hey Akshat, Very insightful video. In that case is it a good idea to buy more gold like pure biscuits, coins etc. to be able to add more money to our portfolio?
Ingenuity- imagination, creativity
Akshat sir, can you pls make a video on how to buy and sell old coins and notes along with the ecommerce sites and tax rates associated. Mainly we would like to know the estimation of diff kinds of old coins
But ....may suppress gold price...pls note
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment. Can someone recommend a good expert that trade on my behalf and generate profit for me.
It's 8 months now i started trading with her and it's been a good experience.
I saw the recommendations but i didn't bother chatting her up, I keep losing really i still don't understand how the Forex market work through
Who is this Mrs Letton Deb everyone is talking about and how do i contact her directly.?
Wow am so surprise you all know that lady, God has used Mrs Letton Deb to change the stories of so many people and I'm glad i met her too
@Robert B. Shaffer Well.... I will advise you should stop trading on your own if you keep losing and start trading with Expert Mrs Letton Deb
Nice videos, I saw few of your videos about a year back, found them quite interesting, however couldn't follow, now came across this channel once again, realized the channel has grown by leaps and bounds, and deservedly so. But the style of presentation was sounding something very familiar. Are you influenced by india in motion, another excellent but a bit underrated vlogger
Ingenuity = cleverness (MPPSC PRELIMS PAPER II 19/06/2022)
Great super content.....🥳
Very Interesting news a London based ceo is giving salary in Gold to beat the inflation 🤔
No need to give DA in that case I guess
😁😁😁😁😁
thank you so much Sir ☺️
Fed reserve printing ulimited currency invest in all world markets create bubble then withdraw huge some as profit
⬆️⬆️⬆️ Reach me with the What'sapp line above for more information, guidelines and consultation. Thanks for the feedback.......
Partial Peg and Soft push for C:)
Please clarify why central banks buy gold inspite of moving from gold standard
How will you get a debt/loan if the borrowing interest rate keeps going up with time, unless you can abscond like other known Indian greats in UK
Thank you for your comment.
Contact the wats’sap line above for more information and consultation on investment.
Thank you Akshat sir
much needed video for awareness
"Costed* is grammatically incorrect. It "cost" the government is correct grammar
Will crypto be backed up by gold?
What is the source of information? It's very important to have genuine source/ proof.