Money is FAKE...Sort Of...but Not Really

In this video, Steve Sosnick and I delve into the fascinating world of money, credit, and debt. We explore how money used to be backed by gold or silver, but now it's linked to credit, which banks create by lending out more money than they actually have on hand. We discuss how this system works, and why it's able to function based on the trust people have in the banking system.

However, we also acknowledge that this system can collapse, and the consequences can be dire. A bank run can cause a shrinkage in the money supply, and potentially cause someone's assets to disappear or be severely impaired. The disappearance of money has to go somewhere, but it can also simply vanish into thin air.

So, let me ask you, is money real?

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Watch the full episode here: https://youtu.be/xhS6srX5uwk

Watch More Clips from this Episode: https://www.youtube.com/playlist?list=PL5dHaEIxnIkSnejnOytrsEH8xVtF94Z3v

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