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Since officially abandoning the gold standard in 1973, the dollar is what economists call fiat money. The word "fiat" comes from Latin and is often translated as a decree, but in summary, the term means that the money is not backed by a physical asset, like gold or silver. Its value is based only on the full faith and credit of the United States. This makes it much easier to increase the debt and resort to expansionary policies. Critics consider this damaging and see an economic crisis looming and inevitable. Defenders believe the economic damage would be bigger if nothing was done. In this video, we dive into the advantages and disadvantages of the system.

If you trust in your money just as it is - this film has news for you. This documentary traces the history of money from the bartering societies of the ancient world to the meeting rooms of powerful central bankers and the trading floors of Wall St. Written and presented by award-winning filmmaker Torsten Hoffmann it exposes the practices of central banks and the dubious financial actors who brought the world to its knees in the last financial crisis. It highlights the Government influence on the money creation process and how it causes inflation. Moreover, this film explains how most money we use today is created out of thin air by banks when they create debt. Epic in scope, this documentary examines the patterns of technological innovation and questions everything you thought you knew about money. Finally we arrive at the questions our modern world is faced with today: Is Bitcoin an alternative to national currencies backed by debt? Is it remedy against inflation and Government dedbt or merely a tool for money launderers and criminals? Based on extensive archive material and coverage from the early days of the crypto currency revolution in 2014, and updated commentary from 2022 this is crash course on Bitcoin you have been waiting for.

In a step to fight against hyperinflation, Venezuela unveiled today (Frida, October first) new banknotes. The Bolivar will lose six zeros. One million Bolivar will become one bolivar. The value will still be 25 US dollars. The country is battling high inflation for a long time. It's not the first time that the country resorts to such measures. The Bolivar lost 3 zeros in 2008 during former President Hugo Chavez’ government and 5 more in 2018, already under Nicolas Maduro.

Amazon is huge. So much that politicians, business owners and former employees started to state publicly that the company founded and led by Jeff Bezos shouldn’t be allowed to exist in its current form. The firm is facing growing antitrust scrutiny and the idea that it should be broken up has moved from the fringes to an accepting mainstream talking point. But is it even possible? How would it work? This video tries to shed some light on how a possible Amazon Break up would look like.

Japan has more than 33 thousand companies that are more than 100 years old, over 40% of the world’s total. Around 140 have existed for more than 500 years and at least 19 say they have operated for more than a thousand years. Behind all these numbers are companies that have endured a lot of difficulties throughout the time period. The shinise, as these ancient businesses are known, are considered national treasures. But how did they all manage to survive for so many years= There are some secrets behind this phenomenon. We look into these reasons in this video.

How does gold repatriation work? What are the best options to keep gold safe? In this video we look into how Germany repatriated 674 tons of gold between 2012 and 2017, moving the precious metal from Paris and New York to Frankfurt. If you like this video, you probably also want to know more about the gold standard, the fiat money system and cryptocurrencies.

You probably already noticed that every time you go to the supermarket and check your food’s labels, they don’t usually come from somewhere nearby. In fact, sometimes they come from very far away. Bananas from central America, berries from South America, fish from China, meat from New Zealand. The united States has never imported so much food as today. But how bad is it for the environment? Should we just eat local? In this video we explain the concept of "Food miles" and show why it's important to know where your food comes from.

Global warming and climate change are real. As the world temperature rises and scientists warn of irreversible damage and horrible consequences, a lot of people believe that degrowth is the only way to avoid a catastrophe and provide a better life to the population. Instead of GDP growth, we should be discussing how to shrink production and consumption and save the planet. The Degrowth movement wants to redefine the system with different targets and reshape the world as we know it. But does it make sense? This video tries to explain what the movement wants and what are the challenges.

The Most Expensive Cities in the World | Business Explainer Video In this video, we present the ten most expensive cities in the world in 2020. They are definitely beautiful places. Full of charm and attractions. But living in one of them is rather pricey for your average earner. Can you imagine paying $9.45 for a loaf of bread? Or more than two thousand dollars on rent for a one-bedroom apartment? Well, that’s the reality of many people that live in the world's most expensive cities. Let’s take a look at which metropolises made the list in 2020. The ranking is part of the Worldwide Cost of Living Survey from The Economist Intelligence Unit.

TOP Five Facts You Didn't Know About Tesla | Business Animation Video Elon Musk is credited as Tesla's founder. But was he really there in the beginning? We answer this and many other questions on this TOP 5 facts you didn't know about Tesla. Find out what is behind Tesla's meteoric rise since it was founded in 2003. After difficulties in the early years, the company took off and became the most valuable carmaker in the World, even though it has a smaller market share, production capacity and revenues. Here are some of the secrets behind the company.