SuperLife with Darin Olien Understanding the Game of Money (+ Becoming a Real Player) | Robert Breedlove
Mar 8, 2023
01:00:48
Money can be defined in many ways, but one thing that is commonly prevalent in every definition we can think of is the ability we should all have to keep it once we’ve earned it. Unfortunately, this isn’t the case in today’s modern world where central banks are consistently printing money which steals our money’s value through inflation. The same goes for when governments are looking for financing, as they can at any time coerce this money out of their people or even outright seize it. It’s happened before in times of war and can always happen again, which is something we tend to forget. The game of money may feel like a corrupted system we have no way out of. This was true, until about 14 years ago when decentralized currencies entered the game. Cryptocurrencies allow us to gain back the sovereignty over our money that the government, central banks, and chartered banks have taken away from us – and this is what we discuss in this episode the Darin Olien Show with guest, Robert Breedlove. We discuss what the current central banking game is, where the corruption in the banking system stems from, the relationship between the government and the central bank, what we can do to cultivate more money, how to save the value of your money, and so much more. Robert Breedlove is an entrepreneur, writer, and philosopher. He is an advocate of cryptocurrencies and particularly of Bitcoin. Breedlove is the founder of Bitcoin and finance consulting company Paralaxx Digital. He is also a YouTuber and the host of the “What is money” podcast. Key Takeaways:
- Fiat money is corrupted. The banking system is built on a process where people are entrusting these businesses with their money — or historically, gold. Once they deposited their valuables, the banks issue a contract that details the deposits they entrusted the banks with. Depositors are assured by this contract that they can redeem their assets at any time, without a sweat, in liquid form. But what most people don’t understand, however, is that this contract that supposedly protects your assets in the bank is routinely violated by the issuer of the contract themselves— the bank! The money you think is safely stored at the bank is being used by the bank itself at this very second to enrich their businesses. And guess what?! The government is in it too — especially when war is around the corner.
- Money can be defined in many ways, but one thing that is commonly prevalent in every definition we can think of is the ability we should all have to keep it once we’ve earned it. Unfortunately, this isn’t the case in today’s modern world where central banks are consistently printing money which steals our money’s value through inflation. The same goes for when governments are looking for financing, as they can at any time coerce this money out of their people or even outright seize it. It’s happened before in times of war and can always happen again, which is something we tend to forget.
- The game of money may feel like a corrupted system we have no way out of. This was true, until about 14 years ago when decentralized currencies entered the game. Cryptocurrencies allow us to gain back the sovereignty over our money that the government, central banks, and chartered banks have taken away from us.