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Episode notes
Eye-Roll Response
- Cory mentions their friend's eye-roll reaction upon hearing about societal collapse.
- This highlights the common resistance to discussing collapse.
Wealth vs. Money
- True wealth lies in resources, not money.
- Money is merely a claim on resources and can fluctuate in value.
Fractional Reserve Banking
- Fractional reserve banking allows banks to loan out most deposited money.
- This creates new money backed by debt and interest, leading to more money than existing reserves.