I don’t blame Americans for being money illiterate. I didn’t know much about money or economics after I graduated college, either. It’s almost as if the American system banks on people not knowing jack about the economy. While I don’t blame people, ignorance of the economy is a major problem.
Seeing as how stonks are in the news, and the r/WSB bros are trying to pump silver, I thought it would be a good time to post some of Mark Dice’s gold and silver experiment vids. After watching and laughing and these, send them to you friends and ask, “Why don’t these people know that gold and silver is more valuable than a candy bar?”
Send them some links to Mises or Steve Keen. Ask them if they know that banks create American dollars out of thin air. Ask them what happens if people pay off debts. Ask them why the stonk market crashes over and over and over and why CNBC talking heads are pissed off at the little people.
Below are a couple videos of Steve Keens talking about how modern economists and officials view the real world and how money is made. The real problem is that some private individuals want to keep the economy an banking system just like it is, because they benefit tremendously from the status quo.
In the first video, Keen talks about student debt and Baby Boomers! It’s must watch. And furthermore, the Federal Reserve Banking system should be destroyed.