One Way Ratchet

The Fiat System and Total War | 005

Episode Summary

Bitcoin Lens week of Oct 20 2023

Episode Notes

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