The Fiat System and Total War | 005
Bitcoin Lens week of Oct 20 2023
One Way Ratchet · Greg Schein, Dan Felger
October 22, 202342m 5s
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Show Notes
Dan and Greg break it down:
- The fiat system funds perpetual war
- Since advent of central banking and money printing, war has become total - and endless
- Under the gold standard, wars still existed but they were much more limited
- Want to defund war? Learn about Bitcoin
- The fiat system exists fund war, protect asset values and bail out every bad decision
- Bitcoin is a peaceful revolution against the financial system
- It took 200 years for the US to accumulate $500 billion in debt. We just borrowed more than that in the past 2 weeks
- Time preference
- True saving vs investing
- What the worst coaching decision in the history of sports can teach about about Bitcoin
Topics
bitcoin