AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Exploring the Concept of Price and the Effects of Pegging
This chapter explores the concept of price as an exchange ratio and how fixed exchange ratios can result in market deviations and create white market, black market situations. The sponsor, Wasabi Wallet, is also discussed, highlighting its features and benefits for Bitcoin users.
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.
Twitter: https://twitter.com/ProgrammableTx
Book: https://www.amazon.com/dp/B0006C31O4
// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Wasabi Wallet: https://wasabiwallet.io/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/
// OUTLINE //
00:00:00 - Coming up
00:00:21 - Intro
00:01:54 - Helping Lightning Startups with In Wolf's Clothing
00:02:40 - Introducing "The Twilight of Gold" Series
00:04:05 - The Twilight of Gold: Myths and Realities
00:09:07 - A Shift in the Currency Standard
00:10:55 - Debt Monetization Leading to Currency Graveyard
00:13:52 - Monetary Prism: From Gold to Bitcoin
00:15:35 - Interest Coverage Ratio of the Government
00:19:15 - Calculating the Federal Debt
00:21:01 - Inflationary Forces and Deflationary Forces
00:26:50 - Negative Real Yields
00:27:50 - Money is the Mirror Reflection of the Economy it Serves
00:29:46 - Political Influence on Money
00:33:35 - Civilization Inherits the Attributes of the Money
00:36:08 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:37:05 - Bitcoin Wouldn't Work in a Perfect World
00:40:52 - Money is Essential to Human Rationality
00:43:23 - Myths of the Gold Standard
00:44:47 - First Myth: Britain's Shift to Gold Standard in 1925
00:46:00 - Second Myth: Capitalism Led to the Great Depression
00:47:17 - Third Myth: Gold's Shortage Caused the Great Depression
00:49:31 - Probability of Hyperinflation
00:50:55 - Lester's Updated View on Gold
00:56:20 - China's Capital Account
00:58:24 - Post Bretton Woods Mistakes by the US
01:00:46 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
01:01:38 - Contemplating Drivechains of BIP 300
01:06:32 - Problems of Pegging Fiat Money to Gold
01:09:12 - Shanghai Gold Exchange
01:13:53 - Political Role of Gold
01:16:53 - Using Gold Revaluation Account to Cover Losses
01:22:19 - Estimating the True Size of China's Gold Reserve
// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
// SUPPORT THIS CHANNEL //
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
// SOCIAL //
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22
Instagram: https://www.instagram.com/breedlove_22
TikTok: https://www.tiktok.com/@breedlove22
All My Current Work: https://vida.page/breedlove22
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode