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.
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OUTLINE 00:00:00 “What is Money” Intro 00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com 00:01:37 Power of Choice & the Inability to Change People by Force 00:07:21 Learning about Bitcoin requires "Proof Of Work" 00:10:09 Explaining America's Financial Balance Sheet 00:14:16 Answering, "What are the Big Threats to Bitcoin?" 00:17:41 Being Anonymous & Discussing Bitcoin Supply 00:22:33 Explaining "Loan to Value Ratio" 00:28:35 Discussing the Fed's Conondrum 00:33:04 Central Banking Experiment 00:36:17 The Breakdown of the Credit System in London during WW1 00:40:28 Future of Bitcoin Transactions, KYC & Holding Hard Money during Hyper-Inflation 00:44:36 National Debt & Expansion of the Money Supply during WW1 00:51:22 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine 00:52:08 Take Control of Your Healthcare with CrowdHealth 00:53:17 Occam's Razor with Money Printing & Inflation 00:57:17 Praxeology, The Study of Human Action 01:00:22 Inflation & Currency Devaluation in Germany during WW1 01:08:16 People not understanding Unit Bias & Humans innate desire for "NGU" 01:13:12 Why Inflation can't be undone without paying back the Debt 01:19:48 Asset Inflation Hypnotizing people with "NGU" 01:22:08 Explaining the Issues with Price Inflation 01:25:29 Money Printing leading to Misallocation of Capital 01:32:10 Moving into a Bitcoin Standard while needing to hold Dollars 01:40:10 How Bitcoin Incentivizes Economic Gain for Society 01:44:45 "What is Money" Outro