One Way Ratchet

The Fiat System and Total War | 005


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Dan and Greg break it down:

  • The fiat system funds perpetual war
  • Since advent of central banking and money printing, war has become total - and endless
  • Under the gold standard, wars still existed but they were much more limited
  • Want to defund war?  Learn about Bitcoin
  • The fiat system exists fund war, protect asset values and bail out every bad decision 
  • Bitcoin is a peaceful revolution against the financial system
  • It took 200 years for the US to accumulate $500 billion in debt.  We just borrowed more than that in the past 2 weeks
  • Time preference
  • True saving vs investing
  • What the worst coaching decision in the history of sports can teach about about Bitcoin
...more
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