Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)
The "What is Money?" Show
Is It Possible to Buy and Hold Bit Coin?
"i was also managing other people's money and takein a real emotional tomayye. And then my rea and arbin mark, of all things, was bit coin ido," he says. "I'm pumped to be part of thisa education, a platform."
Greg Foss joins me as my first in-person guest for a discussion on how his 30-year career trading government bonds informed his thoughts on the impending failure of the fiat currency complex and, thus, the supreme relevancy of Bitcoin.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanbitcoin.com/private/
GUEST
Foss’ Twitter: https://twitter.com/FossGregfoss
Foss’ Financial Education Platform: https://lookingglasseducation.com/
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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Transcript:
OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 - Learn About Bitcoin With Swan Private at SwanPrivate.Com
00:01:37 Government Bonds, Then and Now
00:10:10 Debt-Based Commercial Banking Is Dependent on Inflation
00:13:36 Foss’ Experience with the Cyclical Financial “Ponzi” System for 40 Years
00:21:51 Credit, Bonds, and Equity: “Credit is the Dog and Equity is the Tail”
00:27:40 The Standard 60/40 Bond-Equity Portfolio is Unsustainable
00:32:08 Simple Math Analyzes Debt Markets with Total Global Debt/Global GDP
00:35:52 Impending Default Risk of Countries and Bitcoin as Fiat Insurance
00:45:18 Bitcoin Price Target
00:46:20 - Watch "Hard Money With Natalie Brunell" from Swan Studios & Bitcoin Magazine!
00:47:07 - Take Control of Your Healthcare with Crowd Health!
00:48:16 QE Infinity and Debt Spiral Doubles US Debt-to-GDP Since 1980
00:52:34 Asymmetric Opportunity
01:00:56 The $2M Price Estimate for Bitcoin
01:07:36 Foss’ Personal Journey Launching “Looking Glass Education”
01:16:00 You Don’t Learn About Sitting in a Risk Chair From Traditional Education
01:23:19 Foss’ Role and Thoughts on the Freedom Convoy Protests
01:34:59 Looking at the Future of Canada with Bitcoin
01:39:15 “What is Money?” Outro
SOCIAL
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WRITTEN WORK
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