Segment 1: Beware of the Pitfalls SEGMENT BEGINS AT 00:39 Over the years, investor/trading coach Jerry Robinson has encountered several pitfalls that have interfered with achieving financial success. Today he shares five of these pitfalls that may not be readily...
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.)