Bridger PenningtonFund Launch & Investment Expert

Facts About The Dollar | Bridger Pennington

25 Oct 2023 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "Facts About The Dollar | Bridger Pennington" (created 2023-10-25) featuring a monologue by Bridger Pennington about modern money supply and value. The speaker explains how the Federal Reserve prints money, how fractional-reserve banking multiplies that supply, and argues that earning a dollar is not taking it from someone else, framing wealth as abundant and describing why people buy goods when dollars are perceived as less valuable than the item received.

Chapters

When I make a dollar, I am stealing that dollar from someone else. If we're on an island and there's only 10 of us and each of us had one gold coin and we traded, yes, that would be true, but not in today's financial system. Right now, the Fed prints and creates about $60 million a day. And by the way, if you use fractional reserve banking, you put that into a bank, the banks can lend right now about 10 to 13 times on top of that. So what's happening is there's a waterfall of new money entering the system. So when you earn a dollar, you're actually not taking that dollar from someone else. And by the way, the only reason someone would buy something from you is because they believe their dollars are worth less than the thing you're going to give them. That's the only reason we ever buy something. When you understand that, all of a sudden wealth is abundance, and typically dollars start to flow into your pockets a little more quickly.