This Hasn't Happened Since the Great Depression

Get an exclusive report on the security of your bank and a free consultation from a McAlvany advisor.
Visit https://mcalvany.com/heresyShow more

For most of human history, the money supply's average growth rate was around one and a half percent. This is because money was gold. For thousands of years. And so, if you wanted more money, you would either just sell something to get money or you would have to go dig it out of the ground. You might think, why would everybody not just dig money out of the ground?

That is because that costs money to do that. So, you will not do that if it takes you more than a dollar to get a dollar's worth of gold out of the ground. Because of this, the growth rate in the total supply of gold was stable over time, around one and a half percent. But with the invention of fiat currency, this game changed.

Suddenly, the money supply could expand at record paces without anything forcing it to contract again. But something is happening today that has not happened since the Great Depression. The money supply is contracting again, and it is shrinking faster than it has shrunk since the Great Depression. So why is the money supply contracting so quickly today?

What are the consequences of this? And most importantly, what will the Fed's response to these consequences be?

Timecodes
0:00 Introduction
3:05 How Money Used to Work
5:32 The Great Depression
9:00 How Money Works Today
10:26 Where is the Money Going
13:03 Consequences
15:56 Policy Response

My Courses:
Join Heresy Financial University and Learn how to Grow and Protect your Wealth
https://heresyfinancial.teachable.com/p/hfu-membership

My New Book: Why We Need the Fed (blank gag book) https://a.co/d/a7caB8Y

My Recommended Affiliate Partners:
Miles Franklin Precious Metals (tell them I sent you) https://www.milesfranklin.com/contact/
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO

All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#GreatDepression #TheFed #Delfation #USDollar