Coffee and a Mike Jason Cozens founder of GLINT #1066
Feb 10, 2025
In this discussion, Jason Cozens, founder of GLINT and a pioneer in digital currency, dives into the devaluation of the dollar and its ties to historical monetary policies. He reveals how states can leverage gold as currency, emphasizing its potential resurgence in modern economies. Cozens also highlights the implications of inflation and the need for financial resilience, while advocating for legislative changes that could embrace gold as legal tender. Tune in to explore the intersection of technology, currency, and financial empowerment!
AI Snips
Chapters
Books
Transcript
Episode notes
Tangible Legacy
- Jason Cozens bought his wife a turntable and vinyl records for Christmas, highlighting the tangible legacy of physical music.
- This contrasts with the ephemeral nature of digital music subscriptions.
Devaluation's Root
- Nixon taking the dollar off the gold standard in 1971, while temporarily beneficial for the US, ultimately led to its devaluation.
- This move, prompted by unsustainable costs like the Vietnam War, allowed unchecked money printing and eroded the dollar's store of value.
2008 Near Collapse
- The 2008 financial crisis almost led to a complete global collapse, averted only by government-mandated bank mergers and bailouts.
- This eliminated consequences for bad behavior, contributing to the growing socialist sentiment and distrust of capitalism.
