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Gold, Bitcoin, and Misconceptions: Uncovering the Role of Capitalism and Central Banks
This chapter explores the properties of gold and Bitcoin and how they are unaffected by human politics. It also discusses the importance of a central bank in stabilizing the economy.
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.
// GUEST //
Twitter: https://twitter.com/ProgrammableTx
Book: https://www.amazon.com/dp/B0006C31O4
// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
NetSuite: https://netsuite.com/whatismoney
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Mind Lab Pro: https://mindlabpro.com/breedlove
CrowdHealth: https://www.joincrowdhealth.com/breedlove
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
00:00:28 - Intro
00:02:01 - Helping Lightning Startups with In Wolf's Clothing
00:02:47 - Influence of Bitcoin Price
00:08:08 - True Liberalism vs. Left-Right Political Spectrum
00:21:45 - Bitcoin and the Left-Right Dichotomy
00:27:39 - Run Your Business from Anywhere with NetSuite
00:28:44 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:29:53 - Mythology of Price Stability
00:34:35 - What Caused the Financial Depression of the 1920s
00:39:04 - False Apprehension of Gold
00:42:52 - Deception of Credit Expansion
00:45:14 - 100-Year Credit Cycle
00:48:33 - Self-Equilibrating Nature of the Free Market
00:53:00 - Economic Similarities between the 1920s and the 2020s
01:04:05 - The Problem with Dollar Hegemony
01:10:29 - Enhance Your Brain Power with Mind Lab Pro
01:11:33 - Take Control of Your Healthcare with CrowdHealth
01:12:40 - Engaging in Currency Speculation
01:15:36 - Non-Productive Outcome of Financial Engineering
01:19:55 - Financial Differences Between the 1920s and the 2020s
01:24:47 - Scarcity and Elasticity
01:29:57 - Inevitable Steps of Inflation
01:32:49 - Future Predictions and Probabilities vs. Certainties
01:37:18 - Final Thoughts and Conclusion
// 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
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Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
// SOCIAL //
Twitter: https://twitter.com/Breedlove22
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