2min chapter

The "What is Money?" Show cover image

The $1M Bitcoin Bet with Balaji Srinivasan and Alex Gladstein (WiM289)

The "What is Money?" Show

CHAPTER

CBDCs

The only people think people trust is bigness. And why do they trust the bigness? Because the Fed causes the crisis with one hand by devaluing all these bonds and it fakes out the local banks. They got huge amounts of deposits with the pandemic. It fakes them out, has them buy these huge bonds and devalues all of them. But essentially in the process of this, already $150 billion is at the bank. Do you see the graphs that I posted where it's literally just going, Yeah, no, it's insane?"

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