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Bitcoin Fixes This #72: The Fiat Standard with Saifedean Ammous

Bitcoin Fixes This

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The Intermingling of Central Bank Rolls

The idea that you can essentially control a lot of these countries by, you know, playing with the monetary network is really interesting. And this inter mingling, as you describe it, is the reason why so much of the stot that's happening ends up happening. You put your reserves in your bank, and your bank will put those reserves in the central bank. So e central issues credit, backed by all that reserve to finance the criminals in your government while they go and engage in their criminal activities. It's just, it's an unbelievably bad neering decision. But what the fiat standard does, and that's really why it's so popular with governments, why governments really want it

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