This week your hosts explore our current monetary system - the fiat system, as best as they can. Together they explore switching from the Gold Standard to the Fiat system, which is now backed by the government instead of a physical product. This episode explores Seigniorage (a way for governments who mint their currency to make an economic profit,) the loss of the Canadian penny, inflation, interest rate, food company profit, currency wars, and so much more!

You’ll want to stay and listen to the end. Money is powerful BECAUSE we give it that power.

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Resources & Further Reading Considerations

Work with Jamie - WalkerCoaching

How Currency Works

Seigniorage

Economic profit 

Venezuela 2016 inflation hits 800 percent, GDP shrinks 19 percent

India’s Looming Financial Crisis

Bread price-fixing in Canada