Once Bitten! A Bitcoin Podcast. cover image

@Spacebull - The Basis Of A Healthy Civilisation is A Savings Account. #bitcoin Fixes This. - #318

Once Bitten! A Bitcoin Podcast.

00:00

The Mandrake Mechanism

The man Drake mechanism is an accounting trick that allows the Federal Reserve to produce money from nothing. It's basically like, they shuffled the books around so that the money appears out of nowhere and using bonds, they loan it out. And then when somebody repays it, then the money goes away. The United States have legalized accounting fraud.

Play episode from 41:31
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app