My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

Twitter: https://twitter.com/ProgrammableTx
Book: https://www.amazon.com/dp/B0006C31O4

// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Wasabi Wallet: https://wasabiwallet.io/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/

// OUTLINE //
00:00:00 - Coming up
00:00:32 - Intro
00:02:05 - Helping Lightning Startups with In Wolf's Clothing
00:02:51 - Money: An Abstract Battleground in Personal Relationships
00:07:16 - The Importance of Talking about Money
00:10:05 - England's Return to the Gold Bullion Standard
00:13:20 - Norman's Letter to the Bank of Norway
00:16:10 - Effects of the Gold Bullion Standard
00:20:00 - Controlling the Price Level
00:21:03 - The Power to Say 'No'
00:23:18 - Not Your Keys, Not Your Coins
00:26:13 - Central Planners Cannot Outsmart the Market
00:27:18 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:28:15 - Impact of The Gold Exchange Standard
00:33:15 - The Myth of the Gold Shortage
00:37:19 - The Triffin Dilemma
00:41:55 - The Ratio of Total Dollar and Total Gold
00:43:39 - What Triffin Got Wrong
00:45:44 - Restating Why All Pegs Break
00:47:39 - Lester on The Most Likely Outcome of Continuous Inflation
00:50:53 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:51:44 - Adopting Bitcoin Will Accelerate Dollar Inflation
00:54:00 - The Cross Currency Rails between Bitcoin and Fiat
00:56:49 - Advantages of the Bitcoin Standard
00:58:25 - Applying Triffin's Dilemma to Great Britain
01:04:03 - The Significance of Myths
01:05:59 - The Concept of Yield is a Lie
01:08:12 - Concluding the First Myth
01:10:13 - Where to Find "Lester" on the Internet

// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

// SUPPORT THIS CHANNEL //
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove

// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

// SOCIAL //
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22
Instagram: https://www.instagram.com/breedlove_22
TikTok: https://www.tiktok.com/@breedlove22
All My Current Work: https://vida.page/breedlove22

Transforming Citizens into Change Agents: Global Citizen's Mission to Eradicate Extreme Poverty