The Bitcoin Standard Podcast 242. War, Palestine, and Bitcoin with Simon Dixon
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Oct 8, 2024 Simon Dixon, host of Bitcoin HardTalk, dives deep into the complex interplay between finance, geopolitics, and conflict. He argues that central banking fuels warfare through excessive fiat currency printing, exacerbating issues like those in Palestine. The conversation shifts to historical financial missteps, like the hasty decisions leading to World War I, and discusses how U.S. foreign policy shapes the Israeli-Palestinian conflict. Dixon champions Bitcoin as a transformative tool for financial independence and peace, urging listeners to rethink economic systems.
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Central Banks and War
- Central banks are a war machine, enabling governments to finance conflicts through inflation.
- This creates a permanent incentive for war, as seen since World War I.
Keynesian Economics and the Dollar Standard
- John Maynard Keynes convinced nations to adopt a dollar standard, linked to gold, at Bretton Woods.
- Nixon later abandoned gold convertibility, allegedly to fund the Vietnam War, as stated by Robert F. Kennedy Jr. at Bitcoin 2024.
The Original Sin of Fiat
- During WWI, the Bank of England secretly bought unsold war bonds, effectively financing the war through inflation.
- This hidden act is the "original sin of fiat", masking money creation and fueling conflict.