Re: Money as debt. Great educationaol video.
Thank you, This is in my opinion the best video explaining how economy works.
Easy to follow yet deep enough to cover the whole picture. If every citizen understood that, I believe that the disastrous abuse of middle and lower class would cease immediately. Many advanced civilizations did not use fiat money.
P.s. (fiat money is a money that has no real value except the confidence you put in it. Paper or number on a screen are fiat money)
I think that poverty worldwide would drop and the wealth distribution would be more just if we base the economy on something tangible like goods, ressources and even gold and silver.
On the long run reality wins over illusions.
Cheers!
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