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#51 Jeff Booth | The Future of Money in a World without Fiat

Money Minded

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The Credit Base System Isn't Inherently Good or Bad, It Just Is

The credit base system isn't inherently good or bad, it just is. It creates an incentive to senty cheat because the lower the reserve,. If you started out and you lowered the reserves in the bank, then the bank can make more money as there's more leverage. The only way to solve that paradox is typically through war. But what's different about this cycle is we've never actually had the weapons to de humanity through a monetary failing like we're going through right now.

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