
SLP402 Pierre Rochard - Bitcoin Obsoletes Fractional Reserve Banking
Stephan Livera Podcast
00:00
Is the Fed Bailing Out the World?
In financial crises, what we see in practice is that the fed bails out the world. Even if these other systems are a dollar substitute, i would say every other fia currency arguably is kind of a ly freely floating a dollar substitute. But it's a giant pyramid scheme, and it's all bank stop to buy the fet so we saw it during the last financial crisis. They had these secret currency swaps worth hundreds of billions of dollars, trillions of dollars, with all the other central banks. Now, how tightly coordinated is that? Is it, you know, the w f or iser, some kind of builderburg group, whatever? Or is it just a they've got
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