AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)
The "What is Money?" Show
Inflation, I'm an Implicit Default, Right?
Alism: Inflation is the expansion of lacorancy, supply yet to pay off these obligations. The cost of that default is effectively being externalized on to the productive market society. With banks that are 25 times leveraged, which is what our banking system is, they need inflation so that the collateral increases in value. Alism: As henry ford said over a hundred years ago, if the average american understood how the commercial banking system worked, there'd be a revolution in the morning.
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