AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
A Brief History of Money and Bitcoin with Brian Estes (WiM172)
The "What is Money?" Show
The Petro Dollar Isn't Back by Oil Anymore
In 97, one off the gold standard. Went into a major recession. We were suffering from stalation. So we had high inflation, low output sically. And so it was being caused by going off the goldstandard. The system broke around three weeks ago and nobody's talking about right? No. But what broke was that russia decided to sell oil to india for rupees an seta dollars,. i ran selling oil to china for yen r on. M, how mayy people trust the government after what just happened with cobet? You know, i mea wee lied to for two years. That's what's your backing our money. It's very uncomfortable
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode