Does demonetized mean no pay-per-click allowed?
It means NO viewable ads for which we get pay per view. Don't worry, even with monetization I hardly get rich (like a small fraction of a cent per view) from this but it is just an annoying form of YouTube acting as a Publisher NOT as a Platform as they should.
Looking forward to seeing President Trump's Executive Order on this issue today. Oh, and that might give you an idea as to what tomorrow's video will probably be about.