The Peter McCormack Show #069 - Joe Bryan - How the Government Bankrupted Society
24 snips
Apr 25, 2025 
Joe Bryan, a writer and thinker passionate about money, society, and freedom, shares his insights on the damaging effects of fiat currency. He contends that inflation isn't just an economic issue, but a crime against society. The conversation delves into how government control distorts markets, increases inequality, and impacts personal freedom. Bryan advocates for decentralized alternatives like Bitcoin, arguing they can help restore economic sanity and fairness in a world plagued by mismanaged monetary systems.
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Money as Economic Energy
- Money represents economic energy, a store of your labor and effort in the world.
- Over history, money evolved from barter to shells to gold, representing increasingly harder money.
Fractional Reserve Banking Explained
- Fractional reserve banking allows banks to lend more money than actual reserves.
- This system leads to bank insolvencies during crises, prompting government bailouts and central bank creation.
End of Gold Standard Impact
- In 1971, Nixon ended gold convertibility, ending the gold standard.
- Fiat money is no longer tied to economic energy and can be printed at will by governments.
