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00:00:07.000-->00:00:09.000
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The Monero Project is a decentralized open-source collaboration with no formal organizational structure.
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The Monero Project is a decentralized open-source collaboration with no formal organizational structure.
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00:00:09.000-->00:00:11.000
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The Monero community volunteers who have donated their time and effort to this film
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The Monero community volunteers who have donated their time and effort to this film
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00:00:11.000-->00:00:13.000
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broadly support the airing of independent voices, including the many small and independently owned cinemas
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broadly support the airing of independent voices, including the many small and independently owned cinemas
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00:00:13.000-->00:00:15.000
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who have suspended operations amid the global COVID-19 pandemic.
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who have suspended operations amid the global COVID-19 pandemic.
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00:00:15.000-->00:00:17.000
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100% of the net revenue from this film will be given to independent theaters, including
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100% of the net revenue from this film will be given to independent theaters, including
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00:00:17.000-->00:00:19.100
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Laemmle Theaters in Los Angeles, California USA and Tampa Theater in Tampa, Florida USA.
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Laemmle Theaters in Los Angeles, California USA and Tampa Theater in Tampa, Florida USA.
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00:00:53.000-->00:00:57.000
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Written and Presented by Dr. Daniel Kim
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Written and Presented by Dr. Daniel Kim
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00:00:57.600-->00:01:01.600
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Produced by Justin Ehrenhofer and geonic
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Produced by Justin Ehrenhofer and geonic
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00:01:02.100-->00:01:06.100
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Cinematographers: Maximilian Gurresch and Alvin Joel Santos
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Cinematographers: Maximilian Gurresch and Alvin Joel Santos
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00:01:06.500-->00:01:10.500
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Directed by Justin Ehrenhofer
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Directed by Justin Ehrenhofer
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00:01:11.200-->00:01:17.200
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Part 1: Scarcity
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Part 1: Scarcity
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00:01:19.060-->00:01:21.900
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Once upon a time, the dollar was as good as gold.
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Once upon a time, the dollar was as good as gold.
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00:01:21.900-->00:01:25.720
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The United States and most other countries minted gold coins.
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The United States and most other countries minted gold coins.
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00:01:25.720-->00:01:28.360
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Paper money was a promise to pay in gold.
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Paper money was a promise to pay in gold.
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00:01:28.360-->00:01:31.560
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But today, the dollar and most other world currencies
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But today, the dollar and most other world currencies
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00:01:31.560-->00:01:34.840
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are supported not by gold, but by credit --
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are supported not by gold, but by credit --
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paper backed by paper.
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paper backed by paper.
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00:01:42.500-->00:01:45.300
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The experience of Germany in the early 1920s
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The experience of Germany in the early 1920s
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is the classic horror story
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is the classic horror story
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told by those who urge a return to the gold standard
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told by those who urge a return to the gold standard
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