(Recorded on 05/17/22) Topics covered on this video coaching call In this special video, trading coach Jerry Robinson provides an overview of technical vs. fundamental analysis, reveals his current stock watchlist, and shares four cryptocurrency tips for new and...
Friends, you often hear me talk about the fact that America has a debt-based monetary system. But what exactly does that mean?
Put simply, it means that money is debt. That may be a hard concept to grasp. I know that I was stunned when I first learned this concept years ago. However, until you grasp this important concept, the incentives driving the financial industry and our leaders in Washington will make little or no sense.
I recently found this very helpful video online. It is a very simplistic explanation of how the U.S. dollar is really nothing but a piece of debt.
Its about 45 minutes. So plan on taking some time to watch this. (Warning: While this documentary really nails the problem, it stumbles a bit when it attempts to present a solution. Keep that in mind.)