AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
Banks
Banks are a money warehouse y, which is how they emerged originally. But when we went off the gold standard in 19 71, that's what put the globe on to vo currency standard,. That is now an irredeemable debt certificate. Ri the dollar is not redeemable for gold or anything else. It's a pure confidence game or pyramid scheme... And that's why things have come off the rails since 19 71.
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