Phoenix Rising: Descending into the Threads & Rising from the Roots. EP 137: Money Matters: Inflation, Bitcoin, and the Future of Our Economy with Erin Crawford
In this eye-opening episode, we delve into the rising cost of living in Canada, exploring how inflation is affecting everyday lives. From conversations at ferry terminals to experiences in hardware stores, we uncover the pervasive impact of economic changes on our daily routines. Join us as we discuss the emotional, mental, spiritual, and physical toll of inflation and explore potential solutions, including a deep dive into Bitcoin and the underlying financial systems.
Introduction to Inflation:
- Observations of increasing discussions about the cost of living in everyday settings.
- Personal anecdotes from the hosts highlighting the prevalence of inflation in casual conversations.
Impact on Daily Life:
- How inflation is making basic necessities like food, shelter, and clothing increasingly unaffordable.
- The strain on small businesses and the rising number of closures.
Understanding Money vs. The Dollar:
- Differentiating between money as a tool and the dollar as an economic entity.
- Discussion on how the corruption of the dollar affects the foundation of society.
The Emotional and Psychological Impact:
- Exploring Maslow's hierarchy of needs and how financial instability affects our ability to thrive.
- The stress and anxiety caused by living in a debt-based economy.
The Mechanics of Inflation:
- Historical context of the gold standard and the transition to fiat currency.
- Explanation of fractional reserve banking and its implications for financial stability.
- "Money is like a hammer; it's a tool that can build or destroy, depending on how it's used."
- "In today's society, the dollar is a corrupted foundation, affecting everything built upon it."
- "We need to understand the history of money to appreciate the potential of Bitcoin."
- Book: The Creature from Jekyll Island - Explores the origins and implications of the Federal Reserve.
- Website: WTF Happened in 1971? - Provides visual data on the economic changes post-gold standard.
- Concept: Keynesianism - An economic theory that supports debt-driven growth.
- Subscribe to the podcast for more insightful discussions on economic issues and personal finance.
- Follow us on social media to stay updated on future episodes and engage with our community.
- Share your stories: Have you noticed the impact of inflation in your daily life? Reach out to us and share your experiences.
Tune in to this episode to better understand the complexities of inflation and discover ways to navigate the challenges it brings to our lives.
Guest Bio:
Erin Crawford is a socio-psychological expert and educator in Bitcoin and the topic of sound money. She has spent thousands of hours over the last three years studying the history of money, the economy, and contemplating what the future for humanity looks like under a Bitcoin standard. She knows first-hand all of the ways in which transitioning to a Bitcoin standard has impacted her life in a peaceful and purposeful way, and is here to offer that perspective to anyone who is curious about what life looks like when it sits upon a foundation of sound, good money.
Erin can be found on Instagram and X @deathandbitcoin and on her podcast Death and Bitcoin which is available on Apple and Spotify.
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