THE VIDEO SHELF · how money is created
The IOU Machine: How Currency Is Created | Hidden Secrets of Money Ep. 4
Episode 4 of Mike Maloney's Hidden Secrets of Money, explaining how currency is created through a chain of IOUs among the Treasury, banks and the Federal Reserve. It covers bonds, Fed checks, debt, taxes and fractional reserve lending, from a gold-and-silver advocate's viewpoint.
Why HN readers recommended it
Recommended, often in Bitcoin and monetary threads, as a clear introduction to how the US money system works, though it comes with a strong goldbug slant.
This is a summary from the source dataset, not an endorsement by Hacker News or the video creator.
Video & recommendation details
- Creator / channel
- GoldSilver
- Topic
- how money is created
- Format
- explainer
- Level
- intro
- HN recommenders in dataset
- 5
- HN mentions in dataset
- 9
- Recommendation years in dataset
- 2014–2023
These counts and years describe the included Hacker News records; they are not YouTube views or the video’s publication date.
From the original HN conversations
Excerpts from the recorded comments. Follow each source for the full comment and surrounding discussion.
You don't understand that what we call "money" today its a scam: [VIDEO] BTC will create prosperity we can not even dream of
jcslzr on Hacker News · 2019-01
In Ten Years of BitcoinThis is the best explanation I've ever seen of how the Fed and US Dollar money printing actually works: [VIDEO] Most people also don't realize that the Fed, which buys Treasury's drawn on a bank account with $0 in it, is privately owned - and …
mrnobody_67 on Hacker News · 2020-03
In The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years> Cryptocurrency is the digitally woke techbro’s ponzi scheme The fiat monetary system is a ponzi scheme. Watch "Hidden Secrets of Money": [VIDEO] I also recommend doing your own research after this. The evidence is clear and overwhelming. Cryptocurrency is merely a response to this …
jondubois on Hacker News · 2020-09
In The unrealized potential of federation
Summaries, classifications and recommendation records are from the HackerTube source dataset. Read about this library and its limitations.