| [00:00.30] | |
| [00:02.00] | If the phrase sounds familiar, then it should. |
| [00:04.98] | Just take a look at a ￡20 note. |
| [00:10.05] | Bank notes have next to no intrinsic worth. |
| [00:13.22] | They're simply promises to pay, just like the clay tablets of ancient Babylon four millennia ago. |
| [00:21.67] | On the back of the $10 bill it says, "In God We Trust". |
| [00:27.10] | But it's not really God you're trusting in. |
| [00:30.47] | By swapping your goods or your labour for a fistful of these things, |
| [00:34.50] | you're trusting the US Treasury Secretary not to repeat Spain's mistake and produce so many of the damn things |
| [00:41.25] | that by the time you come to spend them, they're worth even less than the paper they're printed on. |
| [00:46.22] |
| [00:00.30] | |
| [00:02.00] | If the phrase sounds familiar, then it should. |
| [00:04.98] | Just take a look at a 20 note. |
| [00:10.05] | Bank notes have next to no intrinsic worth. |
| [00:13.22] | They' re simply promises to pay, just like the clay tablets of ancient Babylon four millennia ago. |
| [00:21.67] | On the back of the 10 bill it says, " In God We Trust". |
| [00:27.10] | But it' s not really God you' re trusting in. |
| [00:30.47] | By swapping your goods or your labour for a fistful of these things, |
| [00:34.50] | you' re trusting the US Treasury Secretary not to repeat Spain' s mistake and produce so many of the damn things |
| [00:41.25] | that by the time you come to spend them, they' re worth even less than the paper they' re printed on. |
| [00:46.22] |
| [00:00.30] | |
| [00:02.00] | If the phrase sounds familiar, then it should. |
| [00:04.98] | Just take a look at a 20 note. |
| [00:10.05] | Bank notes have next to no intrinsic worth. |
| [00:13.22] | They' re simply promises to pay, just like the clay tablets of ancient Babylon four millennia ago. |
| [00:21.67] | On the back of the 10 bill it says, " In God We Trust". |
| [00:27.10] | But it' s not really God you' re trusting in. |
| [00:30.47] | By swapping your goods or your labour for a fistful of these things, |
| [00:34.50] | you' re trusting the US Treasury Secretary not to repeat Spain' s mistake and produce so many of the damn things |
| [00:41.25] | that by the time you come to spend them, they' re worth even less than the paper they' re printed on. |
| [00:46.22] |
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