2min chapter

Tom Bilyeu's Impact Theory cover image

Why Your Money Becomes WORTHLESS & How To Build Wealth In The NEW ECONOMY | Robert Breedlove

Tom Bilyeu's Impact Theory

CHAPTER

Introduction

After World War II, countries started sending gold to the U.S. because they didn't want it stolen. US has a massive amount of gold and historically, basically money as we think of it, was stored in warehouses where you would buy paper that represented the amount of gold. So people being savvy started trading that because it's as good as gold because you can go and cash it in. The unique thing about scarcity and money is that money is always scarce. Oxygen, pretty important for human life. There's no price on it. Why? It's not scarce. Something like diamonds, not that important to human existence yet, has a huge price because the demand way outstri

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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