OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 The Obfuscation of the Eurodollar System 00:01:49 “Money Is Not Wealth” 00:04:21 Money as a “Call Option” on Wealth 00:08:00 The Infinite Elasticity of Fiat Currency 00:15:00 Capitalism's Great Secret 00:19:20 Stock to Flow: The Fed Edition 00:25:20 Inherent Flaws of Humanity 00:32:09 The Elasticity of the Money Supply 00:34:04 Banks: The Great Intermediary of Money & Commerce 00:36:25 NYDIG 00:37:31 The Creature from Jekyll Island 00:39:45 Fractional Reserve Leverage of 1917 00:42:50 The Pre-Greenspan Put 00:47:17 Every Generation Thinks they Invented Sex 00:52:17 What do you do once you're Captured by Inflation? 00:59:32 Gravitation towards Authoritarianism in Trying Times 01:04:26 The Influence of the Flow of Gold 01:08:08 Bretton Woods & the U.S. Dollar Standard 01:14:05 Triffin Paradox, Bretton Woods Default & the Eurodollar Derivative 01:23:47 Benign Neglect