The Vulnerability of Reserve Currencies and the Liability of Financialization

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.

// GUEST // 
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// OUTLINE // 
00:00:00 - Coming up 
00:00:28 - Intro 
00:02:01 - Helping Lightning Startups with In Wolf's Clothing 
00:02:47 - Influence of Bitcoin Price 
00:08:08 - True Liberalism vs. Left-Right Political Spectrum 
00:21:45 - Bitcoin and the Left-Right Dichotomy 
00:27:39 - Run Your Business from Anywhere with NetSuite 
00:28:44 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:29:53 - Mythology of Price Stability 
00:34:35 - What Caused the Financial Depression of the 1920s 
00:39:04 - False Apprehension of Gold 
00:42:52 - Deception of Credit Expansion 
00:45:14 - 100-Year Credit Cycle 
00:48:33 - Self-Equilibrating Nature of the Free Market 
00:53:00 - Economic Similarities between the 1920s and the 2020s 
01:04:05 - The Problem with Dollar Hegemony 
01:10:29 - Enhance Your Brain Power with Mind Lab Pro 
01:11:33 - Take Control of Your Healthcare with CrowdHealth 
01:12:40 - Engaging in Currency Speculation 
01:15:36 - Non-Productive Outcome of Financial Engineering 
01:19:55 - Financial Differences Between the 1920s and the 2020s 
01:24:47 - Scarcity and Elasticity 
01:29:57 - Inevitable Steps of Inflation 
01:32:49 - Future Predictions and Probabilities vs. Certainties 
01:37:18 - Final Thoughts and Conclusion

// PODCAST // 
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