In this video Brett Scott recap the three layers of the fiat money system, and how the cryptocurrency movement (beginning with Bitcoin) attempted to launch an invasion of that system, before exploring a potential shortcoming in the monetary design of traditional cryptocurrencies. This takes us on a detour into commodity versus credit theories of money, and then leads into a showcase of the world of ‘stablecoins’, which hybridise fiat and cryptocurrency systems. I look at central bank digital currencies (CBDCs), which are emerging at the intersection of crypto and the war on physical cash, and set up the fourth video in this series, which will look at next-wave mutual credit systems.

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To see Part 2 of this series, see here https://youtu.be/lmSdb5t2F6I. Part 1 can be found here https://youtu.be/mmWOO7r_NMw

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Do flaws in our monetary system consistently cause financial crises?
So far, critical questions concerning our monetary system and the financial crisis have been underexposed.
The new film ‘A Flaw in the Monetary System?’ depicts in 7 ½ minutes consequences of interest and compound interest in the financial world in descriptive graphics. It illustrates the systematic redistribution of money from the majority to the wealthy.

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These seven videos have been created and published by the Positive Money Campaign, UK: http://positivemoney.org What is money? We all use money, we all rely on money. But do we know how money works? Where does money come from? Mit dem Laden des Videos akzeptieren Sie die Datenschutzerklärung von YouTube.Mehr erfahren Video laden YouTube immer […]

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These 6 videos have been created and published by the Positive Money Campaign, UK: http://positivemoney.org Part 1: Misconceptions Around Banking Mit dem Laden des Videos akzeptieren Sie die Datenschutzerklärung von YouTube.Mehr erfahren Video laden YouTube immer entsperren Before we discover how banks really work, and how money is created, first to clear up any confusion, […]

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