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19min chapter
Why Banks Suck, The Great Taking & How To Prepare | Mel Mattison
Bankless
Historical Evolution of Monetary Systems and Central Banking
The chapter delves into the historical context of debates over the gold standard versus the silver standard, the evolution of China's monetary system, and the establishment of central banks like the People's Bank of China and the Bank of England. It explores the significance of silver in the US monetary system, the impact of historical events such as the Coinage Act of 1873, and the Free Silver Movement. The conversation also touches on how central banks manipulate the financial system to siphon wealth and gain control over economies.
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