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779: Max Wright: The Bitcoin Bungee Theory
Cashflow Ninja
The Boom Bus Cycle and the Federal Reserves
Most people don't know is that 90% of money creation happens at the commercial banks, not the federal reserves. And it's extremely deflationary, because people just there the amount of money there to buy up purchases and keep things high is just not there. So as a result, the price of assets gets absolutely clobbered real estate stocks, you name it. Then the banks get to come in, hand them off to their friends, put things in their own name, they get to scoop up all of the assets for pennies on the dollar after the crash happens that they created. It's obscene but this is the nature of the corrupt system so that's where we're heading.
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