3min chapter

The "What is Money?" Show cover image

Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)

The "What is Money?" Show

CHAPTER

Isnaa Socialized Losses Is a Reality

i would just like to point out here to you that every other business model in the world has to be accountable to their own solvency, and thus the wishes of their customer. This is the one no industry, i guess you'd call central banking or statism, that they don't. They just by force, take what they need to maintain sootalize losses. Seem to be an accepted way of business. A, it certainly drives me crazy. Our friend jaff booth would say the same thing. I'm stealing that line from a famous hedge fund manager, i leon cooperman. He says he will give most of his money away, but on his terms

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