Base Money and Free Markets | The Snider Series | Episode 7 (WiM109)

In this episode with Leyla Taghiyeva from Students for Liberty, we discuss the nature and properties of money, people's biases toward the dollar, and how Bitcoin is the libertarian cheat code in battle over state coercion. Leyla Taghiyeva is a musical artist, social media influencer, and youth worker. She works as a content creator at Students For Liberty. // HOST // Website: https://studentsforliberty.org/blog/staff/leyla-taghiyeva/ Linkedin: https://www.linkedin.com/in/leyla-taghiyeva-0101b7189// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00 - Coming up 00:29 - Intro 02:03 - Helping Lightning Startups with In Wolf's Clothing 02:49 - Introduction to the Topic 04:31 - Introducing Robert Breedlove 05:28 - Robert's Financial Revelation 08:11 - First Time Hearing about Bitcoin 09:50 - What is Money? 14:30 - Properties of Money 19:34 - Bitcoin: A Money with Perfected Properties 21:05 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 22:01 - Does Satoshi Nakamoto Work for the Government? 25:55 - Money with the Least Flexible Supply 29:22 - People's Biases toward Dollar 31:47 - Understanding Money & Bitcoin 33:15 - Exploiting People with Propaganda 34:25 - What Can We Do? 37:25 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 38:16 - Questioning Keynesian Economics 41:40 - Upcoming LibertyCon International 42:29 - Why Bitcoin is a Big Deal and How it Complements Libertarianism// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

20 Syys 202351min

In this episode with Danica Patrick of the Pretty Intense podcast, we discuss the corruption of money, the history of central banking, the human ego, and how to fix broken incentives. Danica Patrick is a former race car driver. She was the first woman to win an IndyCar championship event in 2008. // HOST // Twitter: https://twitter.com/DanicaPatrick Youtube: https://www.youtube.com/@DanicaPatrick// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:33 - Intro 00:02:06 - Helping Lightning Startups with In Wolf's Clothing 00:02:52 - Introducing Robert Breedlove 00:03:25 - The 3-Step Process of Understanding 00:05:23 - Robert's Fields of Interest 00:09:28 - The Habit of Reading 00:11:25 - Finding the Answer to the Question: What is Money? 00:15:28 - What Backs the US Dollar 00:17:40 - Debt Accumulation and Fiat Currencies 00:18:43 - Bitcoin: Complicated & Unknown 00:25:52 - Society is Choosing the Bitcoin Path 00:28:30 - Bitcoin's Creation and Price Factors 00:33:32 - Central Banking is a Political Scheme 00:34:24 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:35:20 - The History of Central Banking 00:39:14 - Corruption of Money 00:41:45 - The Titanic Conspiracy 00:44:00 - Controlling the Money 00:48:16 - The Devil Inside 00:50:44 - The State as a Macrocosm of the Ego? 00:54:34 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:55:26 - The One World Government 00:58:44 - Stopping Bitcoin & Internet 01:02:10 - Fix the Money, Fix the World 01:05:37 - Fixing the Incentives 01:07:24 - A Government Without Central Banking 01:11:57 - Democracy vs. Monarchy 01:15:41 - When the Democracy Fails 01:16:45 - A Piece of Advice// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

18 Syys 20231h 21min

In this episode with Jason Marc Campbell of the Selling With Love podcast, we discuss the nature and evolution of money, how Bitcoin fixes the problems of central banking, and notion of "loving money." Jason Marc Campbell is an author and international speaker. He is the host of the Selling With Love podcast. // HOST // Website: https://www.sellingwithlove.com/ Podcast: https://www.youtube.com/@SellingwithLove// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00 - Coming up 00:27 - Intro 02:01 - Helping Lightning Startups with In Wolf's Clothing 02:47 - From Finance to Bitcoin 09:43 - Surprises About Bitcoin 14:40 - Is Centralization Bad 21:31 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 22:28 - Attempts in the Past 27:52 - Satoshi Nakamoto 30:24 - Getting Rich With Bitcoin 33:58 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 34:49 - The Energy Consumption of Bitcoin 41:27 - Can You Love Money// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

15 Syys 202347min

In this episode with Tim Braheem, we discuss the properties of sound money, central banking, the incentives for armed conflict, and why Bitcoin is the best peace-making technology. Tim Braheem is the Founder and CEO of Performance Experts and the host of The 360 Experience podcast.Website: https://www.performance-experts.com/Podcast: https://www.youtube.com/@The360ExperiencePodcast// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:38 - Intro 00:02:11 - Helping Lightning Startups with In Wolf's Clothing 00:02:57 - Introducing Robert Breedlove 00:03:22 - Robert's Europe Tour 00:04:36 - The Questions of Significance 00:06:03 - Insufficiency and Indispensability of Language 00:08:47 - Understanding the Nature of Money 00:10:39 - Money: A Universal Medium of Exchange 00:12:57 - Money: The Most Marketable Commodity 00:17:25 - Money Emerges from Trading 00:19:12 - Properties of Good Money 00:22:11 - Money Needs to Be Expensive to Produce 00:25:53 - Counterfeiting of Money 00:27:57 - Retaining Purchasing Power 00:32:37 - Counterfeiting Monopoly of the US Dollar 00:36:27 - Winners & Losers in Central Banking Paradigm 00:41:04 - Simplifying Currency Inflation 00:43:29 - Advantage of Investing in Real-Estate 00:47:40 - Why Gold Became Money 00:54:16 - Warehousing of Gold 00:57:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:58:20 - Introduction of Gold-Backed Currency Standard 01:01:12 - Problems with a Fractional Reserve Banking 01:05:57 - Central Banks and War Incentives 01:11:36 - A Centrally Controlled Gold Standard 01:13:53 - Introduction of the Fiat Standard in 1971 01:19:25 - Intital Stage of the Bitcoin Rabbithole 01:23:43 - The $100 Trillion Question 01:26:14 - What is Bitcoin 01:28:56 - The Intangibility of Bitcoin 01:34:40 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:35:31 - Comprehending the Non-Physical Nature of Bitcoin 01:37:22 - Bitcoin Resembles the Properties of Good Money 01:41:34 - Bitcoin: An Asset with Absolute Scarcity 01:44:01 - The Emerging Consensus of Bitcoin 01:47:32 - Bitcoin: A Money with Zero Percent Inflation 01:49:49 - Bitcoin is More Than an Invention 01:50:45 - Production Cost of Money 01:52:35 - The Supply and Demand Ratio 01:54:14 - Perfect Information in a Financial System 01:58:07 - The Biggest Fear About Bitcoin 01:59:14 - Bitcoin’s Price Prediction 02:07:20 - Why Bitcoin// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

13 Syys 20232h 14min

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4 // SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:32 - Intro 00:02:05 - Helping Lightning Startups with In Wolf's Clothing 00:02:51 - Money: An Abstract Battleground in Personal Relationships00:07:16 - The Importance of Talking about Money 00:10:05 - England's Return to the Gold Bullion Standard00:13:20 - Norman's Letter to the Bank of Norway 00:16:10 - Effects of the Gold Bullion Standard 00:20:00 - Controlling the Price Level 00:21:03 - The Power to Say 'No' 00:23:18 - Not Your Keys, Not Your Coins 00:26:13 - Central Planners Cannot Outsmart the Market 00:27:18 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:28:15 - Impact of The Gold Exchange Standard 00:33:15 - The Myth of the Gold Shortage 00:37:19 - The Triffin Dilemma 00:41:55 - The Ratio of Total Dollar and Total Gold 00:43:39 - What Triffin Got Wrong 00:45:44 - Restating Why All Pegs Break 00:47:39 - Lester on The Most Likely Outcome of Continuous Inflation 00:50:53 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:51:44 - Adopting Bitcoin Will Accelerate Dollar Inflation 00:54:00 - The Cross Currency Rails between Bitcoin and Fiat 00:56:49 - Advantages of the Bitcoin Standard 00:58:25 - Applying Triffin's Dilemma to Great Britain 01:04:03 - The Significance of Myths 01:05:59 - The Concept of Yield is a Lie 01:08:12 - Concluding the First Myth 01:10:13 - Where to Find "Lester" on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

11 Syys 20231h 10min

In this episode with Scott McBlane, we discuss the nature of money, the attributes of ideal money, the central bank of central banks, and why Bitcoin is the closest thing to perfect money humans have ever had. Scott McBlane is the host of the YouTube channel called Scott McBlane. Twitter: https://twitter.com/scottmcblane Youtube: https://www.youtube.com/@ScottMcBlane// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:33 - Intro 00:02:06 - Helping Lightning Startups with In Wolf's Clothing 00:02:52 - Introducing Robert Breedlove 00:03:38 - Learning the Nature of Money 00:05:13 - Introduction to The "What is Money?" Show 00:07:03 - Language and Money 00:10:52 - Money: A Medium of Exchange for Human Action 00:14:19 - Imperfection of Money 00:16:03 - Money is a Tool 00:17:33 - Attributes of Ideal Money 00:18:58 - Global Economy is a Complex Adaptive System 00:22:15 - Origins of Money and Division of Labor 00:25:34 - Money is a Primary Part of Civilization 00:28:01 - Government Didn't Create Money 00:31:40 - Money is the Most Tradeable Asset 00:32:43 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:33:39 - The Barter Problem: Non-Coincidence of Wants 00:38:20 - What is the Bank for International Settlements 00:41:50 - Organized Corruption of Money 00:45:16 - The Money Printing Machine 00:47:33 - The Need for an Immune Money to Counterfeiting 00:48:30 - The Problem with Gold 00:51:04 - Bitcoin: The Ultimate Uncounterfittable Money 00:53:05 - Like Zero, Bitcoin is an Absolute Innovation 00:54:51 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:55:43 - Quality of the Money Dictates Its Transaction 00:57:51 - People Want Specific Outcomes of the Goods 00:59:42 - Five Useful Properties of Money 01:02:32 - Properties of Money Determine its Purchasing Power 01:05:31 - Why Bitcoin is the Perfect Money 01:09:49 - Bitcoin: The Invention of Pure Money 01:13:07 - Experience of Meeting Jordan Peterson 01:18:13 - Fix the Money, Fix the World// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

8 Syys 20231h 19min

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi. Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4 // SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:43 - Intro 00:02:16 - Helping Lightning Startups with In Wolf's Clothing 00:03:02 - Planting Seeds of Knowledge about Bitcoin 00:05:45 - How to Approach People about Bitcoin 00:07:48 - Value of Money and Productive Investment 00:10:50 - The Central Myth of the Central Bank 00:12:08 - The List of Myths 00:15:17 - Non-Monetary Events Cause Credit Inflation 00:20:38 - Monetary Events on a Bitcoin Standard 00:24:24 - What If the Government Possessed Bitcoin Savings 00:26:52 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:27:48 - How the British Pound Lost the Status of Global Reserve 00:32:48 - Using the Gold Standard for Human Politics 00:37:15 - The Correlation between Unemployment and Inflation 00:39:13 - Numbers Lead to Myths, Myths Lead to Power 00:41:13 - The Key Man Risk 00:42:33 - Using Numbers to Control the Narrative 00:46:09 - The Current Narrative 00:49:56 - Global Reserve Currency Status Dilemma 00:54:39 - Trading Different Currencies Against One Another 00:57:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:58:12 - First Myth: Britain's Shift to Gold Standard in 1925 01:04:25 - Social Justice vs. Gold: The Value of Myth 01:22:04 - Using the Gold Standard for Political Tyranny 01:24:05 - Applying Popular Narrative for Deceptive Ideology 01:26:31 - Inflation Creates Allies of Inflation 01:29:04 - Breaking the Deception of Nominal Values 01:31:12 - Where to Find "Lester" on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

6 Syys 20231h 33min

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi. Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4 // SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:21 - Intro 00:01:54 - Helping Lightning Startups with In Wolf's Clothing 00:02:40 - Introducing "The Twilight of Gold" Series 00:04:05 - The Twilight of Gold: Myths and Realities 00:09:07 - A Shift in the Currency Standard 00:10:55 - Debt Monetization Leading to Currency Graveyard 00:13:52 - Monetary Prism: From Gold to Bitcoin 00:15:35 - Interest Coverage Ratio of the Government 00:19:15 - Calculating the Federal Debt 00:21:01 - Inflationary Forces and Deflationary Forces 00:26:50 - Negative Real Yields 00:27:50 - Money is the Mirror Reflection of the Economy it Serves 00:29:46 - Political Influence on Money 00:33:35 - Civilization Inherits the Attributes of the Money 00:36:08 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:37:05 - Bitcoin Wouldn't Work in a Perfect World 00:40:52 - Money is Essential to Human Rationality 00:43:23 - Myths of the Gold Standard 00:44:47 - First Myth: Britain's Shift to Gold Standard in 1925 00:46:00 - Second Myth: Capitalism Led to the Great Depression 00:47:17 - Third Myth: Gold's Shortage Caused the Great Depression 00:49:31 - Probability of Hyperinflation 00:50:55 - Lester's Updated View on Gold 00:56:20 - China's Capital Account 00:58:24 - Post Bretton Woods Mistakes by the US 01:00:46 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:01:38 - Contemplating Drivechains of BIP 300 01:06:32 - Problems of Pegging Fiat Money to Gold 01:09:12 - Shanghai Gold Exchange 01:13:53 - Political Role of Gold 01:16:53 - Using Gold Revaluation Account to Cover Losses 01:22:19 - Estimating the True Size of China's Gold Reserve// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

4 Syys 20231h 24min