2min chapter

Coin Stories with Natalie Brunell cover image

Alex Gladstein: How Poor Countries Prop Up Rich Countries

Coin Stories with Natalie Brunell

CHAPTER

Is Bitcoin a Lifeboat for the Third World?

I think it'd be totally fair to tell some of these countries who have debt that was incurred by dictators that they didn't even elect that we should cancel that debt. The reason that debt does not get canceled is usually the reason there's not like a debt Jubilee discussed for the third world. It's because that debt exists as an asset on a Western bank's balance sheet. So you know, that's only made possible via the fiat standard. Like if we're on some sort of Bitcoin standard, then there is no option to just keep printing money to keep bailing out those countries. There has to be some sort of reckoning and not going to be pretty.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode