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.
Why do banks suck?
Banks suck is the reason we started this bankless thing. Not that banks are all bad but they take too much and give to little. They need to be disrupted.
We brought Mel Mattison, author of Quoz, and he’s very clear on what’s wrong with banks.
They’ve become too centralized, unbalanced, short-sighted, corrupt. Power has tilted away from the people and into the hands of a central banking cabal. The relationship between sovereign governments and private banks has become an unholy alliance.
0:00 Intro 5:41 Quoz 8:15 Monetary History 19:13 History of Banks 29:27 Banks: The Good 42:17 Banks: The Bad 57:16 The Banking Cabal 1:12:55 The Central Bank Endgame 1:20:56 The Great Taking 1:33:12 How to Prepare 1:42:17 Crypto 1:52:43 Closing & Disclaimers