No flash on my computer so maybe I'll watch your vid later, but it sounds like it's pointing out that 'money is debt.' That is something that a lot of people already know (or believe) and not especially a new thing. It's just not part of a general curriculum for the masses...for obvious reasons.
I agree with Bernanke that gold (and bitcoins) are not money under the assumption that he was talking about modern monetary systems. Gold (and bitcoins) are not debt and thus are not money. I don't feel threatened or hurt by this concept. I couldn't care less, and I see a lot to like about the situation frankly. Bitcoin is proving very useful to me in obtaining protections and physical items that I want.
LoL the money is debt was knowledge brought about by internet freedom,
your peddling it as some kind of common knowledge
Didn't mean to. If one in one thousand people understand this aspect of modern money, we still have 'a lot of people' by my definition.
I would hope and expect that the ratio of those who understand this aspect of modern monetary systems would be higher than average here on bitcointalk.org. Indeed, my finding out about Bitcoin was very much a result of my having looked into monetary science years ago. It is also why I see gold and Bitcoin as being very close to one another compared to most other monetary instruments.
The 'a lot' part is why I felt 2 years ago and why I feel now that Bitcoin has the potential to go sharply higher (both then and now) and why I took a non-trivial position back in the day.
Even if the current (say, 1/1000) 'a lot' produces a high number of individuals, a hell of a lot more will have their interest piqued in monetary science as their pensions disappear into the shadow banking black hole. At that point 'a lot' will turn into 'a fuck-of-a-lot'.
