AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Josh Farley: "Money, Money, Money"
The Great Simplification with Nate Hagens
What Happened to the Balance Sheet?
3min Snip
00:00
Summary
Transcript
Episode notes
In the bank, their balance sheet in yours. So what mechanically happens is the bank says, whet, you know, the bank needs to balance its books. But from a biophysical perspective, suddenly, at that flick of the switch on the bank manager's computer, a million dollars more of potential claims on coal and ocean absorption and energy and timber came into existence. And another million dollars of purchasing power in the global economy just came intoexistence. That's an awful lot of what's happening to day.
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