Artificial Scarcity as a Tool of Control. #predictivehistory

Added: 2026-05-05

[00:00:00]your gold in the bank for safekeeping and the bank would give you a contract, right? A contract is just saying, "Thank you for giving me your gold. I promise to give back your gold at any time that you want it." And that's what we call a receipt, right?

[00:00:19]And this would allow for better and easier trade because now I can take this contract and I can go to England. Okay, maybe I'm based in Italy, but now I can go to England and say, "Listen, I need to buy cotton or bananas from you." And the person is like, "Well, what do you give me?" I'm going to give you gold, right? So, I take a receipt and I give it to you, right? And why do we and why do we do this? Because it's a lot easier than giving gold to other people. And so, this system would facilitate trade throughout the world. Doesn't make sense. Now, I'm a bank. I have all this gold and I want to make money with it.

[00:00:58]So, I want to give it to other people.

[00:00:59]So, other merchants would come come to me and say, "Listen, I need gold. Can you lend me out gold?"

[00:01:05]Right?

[00:01:07]But I say to him, "Yeah, but if I give out the gold, you have a security issue.

[00:01:12]It's inconvenient for you. So, why don't I give you a receipt, a contract instead?"

[00:01:19]Does that make sense? Because all you need is a contract. needs a receipt in order to go and do trade elsewhere.

[00:01:26]Right? So, so by doing this, what I've done is I've doubled the gold in my bank, right? I've created money out of nothing.

[00:01:37]So, the gold is still 5 million. That hasn't changed, but the receipt is now 5 million plus 5 million. So, theoretically, I now have 10 million in the bank.

[00:01:49]All right? So that's how money and finance works.

[00:01:55]Now there's a problem with the system.

[00:01:57]What's the problem with the system?

[00:02:00]>> What do you mean?

[00:02:01]>> Um why would I like why would the other people say?

[00:02:08]>> Okay, that's a good question. Okay, why is it that people believe in me? Okay, the answer is very simple. The answer is because for most of human history, people didn't need money. If you if you were just a normal person, what were you doing? Were you in a village growing crops? If you wanted to to like get new stuff, what would you do? You would trade with someone else, right? May maybe you have a goal that I want. Well, then I I would trade you cow for it. So, we didn't actually need money. So, throughout most of human history, no one had any need for money. It was only in certain circumstances that you would want money. So, for example, marriage, right? Okay. So, throughout most of human history, money represented debt that could be unpaid.

[00:02:48]Oh, sorry. debt that could never be repaid.