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Saifedean Ammous: The Fiat Standard & The Reversal of Civilization

The Bitcoin Matrix

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How Much Fiat Do You Actually Own?

We have a negative amount of fiot in the world. Most people are in debt, in fiot. So if you look at anybody's balance sheet, i mean, only the poor people are the ones who have positive balances. And so i think the sum of fiot balances is negative. The money is constantly being created by borrowing and everybody is constantly getting into bigger negative balances. We don't have the equivalent of a pierre who could run the numbers and figure whle what's going on.

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