AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
A System of Stratified Lies | The Weinstein Series | Episode 4 (WiM095)
The "What is Money?" Show
Central Banks and Cape Abe - What Are They?
The people who are governed have some check on this body that can coerce them. The individuals that construct that state for their own benefit need to be able to call its bluff or cast a vote against it. If you were misbehaving, youre mistreating your people, or your being irresponsible in terms of monetary policy, gold would leave your country. And so in this way, this is the reason i've argued that gold historically, was the regulator of governments. Effectively, it regulated the balance of payments. But as we know, central banks have cornered the market on gold. They have more or less detached the current financial system from it, although they still accumulate a lot
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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