
Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)
The "What is Money?" Show
00:00
What Is Driving the Rates Collapsing?
The fiot currency is enriching those near the top rate expense of those near the bottom. There's going to come a point where you pushed the people near the bottom to the edge of their economic livelihood, eh, they're going to go over the edge, right? Thats when you get social revolt, or you get hiacintlation, or these types of events. Yes, yethis kind of like the old adage, hope for the best, plan for the worst yet. But we are to be very clear. You say ponds, i often say pyramid scheme. Ok? That's exactly what the fiot currency was at. And that's obviously not a sustainable model
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