Bold Tv
@boldtvchannel·3.9K subscribers·1.4K videos
Fiat Money Is The Reason Behind Endless Wars
Posted
June 2, 2022
Views
244
Likes
10
Engagement
4.10%
June 2, 2022
244
10
4.10%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:46Now PlayingWhat’s the link between war and fiat money? Check out the video to learn why!
Welcome back to Bold TV with Ashton Cohen. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
Practically everyone is now opposed to the endless conflicts that have raged for decades. But we never discussed the issue that keeps these wars going: fiat money.
What's the link between the two? Well, before the entire globe adopted the fiat currency system, which is money that is not backed by anything, e very nation was held to a gold standard.
You can't spend and print endless quantities of money under a gold standard. The only method for a king or a government to pay for war was to tax the people or persuade them to buy war bonds.
Even if you were able to raise the finances, you couldn't continue a long-drawn-out war if it was unpopular with the citizens since you'd run out of money without their help. The war would be over.
But that changed when governments adopted a fiat money system, which permits them to produce money without restriction.
As a result of the fiat system, politicians have always been immune to the physical repercussions of war, such as going to fight, and now became immune to the economic implications of war as well.
In 1971, we abandoned the gold standard in the United States, largely to cover the costs of the Vietnam War.
Since then, US wars, such as those in Afghanistan and Iraq, have been allowed to continue for years without popular support because to the ability to fund them by printing money and borrowing trillions for future generations.
So, if we want a more peaceful, better society, perhaps we should begin by following the money.
Which do you think is better? Let us know in the comments below.
Make sure to subscribe to Bold TV, and follow us as we keep you up to date on all the latest news.
Subscribe to BOLD TV
Go check out Ashton Cohen’s YouTube channel and podcast here
Want to subscribe to our Crypto newsletter? Join here
Are you ready to be BOLD? Check out our favorite articles:
SAY HI ON SOCIAL:
Instagram, Twitter, and Facebook: @boldtv
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
