23. Bitcoin in Lebanon with Thomas Semaan
The Bitcoin Standard Podcast
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What Happens When the Ponzi of Credit Can't Keep Expanding?
The bubble had been growing and then it stopped growing at the end of 2018. And so what happens is that we see the growth shift to the chart that you showed us, which is the M0. When the Ponzi of credit couldn't keep expanding, they needed to keep the PonzI going. That's when their money supply tripled in a short period. The current exchange rate? I think it was 8,500 last time I checked, right? Yes, it's somewhere around this.
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