Great video thanks for sharing. I might be going down a rabbit hole with this now. Probably will only be able to handle small chunks at a time though - must remain alert for early signs of anger and depression.
It's such a great Dalio vid, one of my favs - complexity artistically simplified. He should make more. As for the us vs them narrative, the data doesn't support your claims. https://towardsdatascience.com/which-party-adds-more-to-deficits-a6422c6b00d7
Those vids are what had me start stacking sats with BTC. Prior to his explanation of govt tendency for monetary debasement, BTC was a novelty. Now (speculatively) it's a real solution to a global dilemma.
If they are traded on an exchange they have a value of their own. If people are prepared to buy them they have a value. The value of something can fall too even if it is physical and has other uses like gold. It is a matter of the willingness of people to purchase the product that gives it its value and the level of supply or demand that sets the price.
Here is a couple more questions that will make you wonder. Ahh, should we have the same amount of money in circulation now as we had in say 1913? Is there a way to get more money in circulation without making some more?
Well, if we're going by the Consumer Price Index then inflation is still quite tame and the OP's premise is flawed.
That is what the fractional reserve does. Just wait until the banks stop setting aside loan loss provisions and really start lending. It's going to get crazy. However, we will need an upward sloping yield curve.
We should all carry around bags of gold bars. That should pretty much put a stop to just about everything , but perhaps not nonsense.