Podcasts about cantillon effect

Solo Leveling isn't just an anime—it's a warning. What if I told you that the world of hunters, dungeons, and guilds mirrors our own financial system? And that Bitcoin might just be the real-world equivalent of a second awakening?In this video, I break down how Solo Leveling's "System", the Guilds, and Hunters, reflects the hidden forces of our economy, from the Cantillon Effect to the banks and governments. Just like Sung Jinwoo, those who recognize the game being played can level up in ways others can't. An act as simple as selecting what money you choose to save in...⚠️ Spoilers for Solo Leveling Season 1! ⚠️⚠️ Spoilers for Solo Leveling Season 1! ⚠️⚠️ Spoilers for Solo Leveling Season 1! ⚠️Additional NOTE

In recent years, Bitcoin has undergone a major culture shift which promotes stagnation, complacency & simping to politicians over maximizing the utility of the money. Eric Voskuil & John Carvalho join the show to remind everyone what the mission really is. State of Bitcoin - [00:01:17] Bitcoin Maximalism - [00:01:32] Bitcoin as a Ponzi Scheme - [00:02:27] Transaction Fees - [00:04:57] History of Bitcoin Tokens (Omni, Counterparty, Mastercoin) Definition of Tokens - [00:08:01] Custodial Problems with Tokens - [00:09:12] Bitcoin and Fiat Money - [00:11:09] Why Bitcoiners Talk About Money - [00:15:49] Stateless Money - [00:17:44] Austrian Economics and Bitcoin - [00:21:01] Monetary Inflation vs. Price Inflation - [00:26:01] Cantillon Effect - [00:29:00] Dollar Inflation and Gold - [00:33:59] Misunderstandings in the Bitcoin Community - [00:41:42] Bitcoin Semantics - [00:43:21] Bitcoin Divisibility - [01:00:13] Bitcoin Deflation - [01:03:41] Maxi Price and One Coin Assumption - [01:07:43] Competition Between Monies - [01:13:42] Scaling Bitcoin - [01:22:41] Bitcoin for the Unbanked - [01:26:14] Maximizing Throughput - [01:36:11] Right to Fork - [01:45:45] Running Old Bitcoin Versions - [01:51:35] Bitcoin as Money vs. Credit - [01:56:26] Settlement in Bitcoin - [02:07:45] Peer-to-Peer Credit Systems - [02:14:47] Fractional Reserve Banking - [02:26:32] Bitkit Wallet and Spending vs. Saving - [02:36:13] Block size increases and Bitcoin adoption - [03:00:00] Scaling Bitcoin and transaction validation - [03:01:00] Bitcoin overflowing into Litecoin and quantum resistance - [03:02:00] Pruning historical data and exchange price - [03:03:00] Lightning system complexity and Bitcoin's value proposition - [03:05:00] Bitcoin as an investment and speculation - [03:07:00] Optimizing Bitcoin throughput and developer motivations - [03:09:00] Scaling Bitcoin and speculation - [03:11:00] Shitcoins, scams, and Bitcoin's security model - [03:13:00] Litecoin's extension blocks and Mimblewimble - [03:15:00] Bitcoin's security and the legitimacy of altcoins - [03:17:00] Shitcoins and Bitcoin's essential aspects - [03:19:00] Majority hash power censorship and attacks - [03:21:00] Bitcoin speculation and market dynamics - [03:23:00] Michael Saylor's Bitcoin strategy and MicroStrategy's history - [03:26:00] Saylor's Bitcoin investment and market manipulation - [03:29:00] Saylor's stock sales and Bitcoin's future - [03:31:00] Blockstream's accomplishments and the Chia project - [03:33:00] Blockstream's influence and SegWit - [03:35:00] Adam Back's influence and Blockstream's hype - [03:37:00] Bitcoin Core's power and the need for competition - [03:39:00] Initial block download performance and Bitcoin Core's architecture - [03:41:00] UTXO store and Bitcoin Core's performance - [03:43:00] Parallelism in Bitcoin Core and assumed UTXO - [03:45:00] Initial block download time and Bitcoin Core's scalability - [03:47:00] Monoculture in Bitcoin development and IBD performance - [03:49:00] UTXO cache and shutdown time - [03:51:00] Trust assumptions in Bitcoin Core and UTXO commitments - [03:53:00] Bitcoin Core's halting problem and theoretical download limits - [03:55:00] Sponsorships: Sideshift, LayerTwo Labs, Ciurea - [03:57:00] Drivechains and ZK rollups - [04:02:00] ZK rollups and liquidity on Ethereum - [04:04:00] Drivechains and altcoins - [04:06:00] Scaling Bitcoin and cultural taboos - [04:08:00] Engineer-driven change and Monero's approach - [04:10:00] Confidential transactionsL Zano & DarkFi - [04:12:00] Fungibility and Bitcoin's metadata - [04:14:00] Privacy, metadata, and state surveillance - [04:16:00] Privacy, taint, and Bitcoin mixing - [04:18:00] Bitcoin mixing and plausible deniability - [04:20:00] Mining and company registration - [04:22:00] Block reward and hash power - [04:24:00] Privacy and mixing - [04:26:00] Privacy in the Bitcoin whitepaper and zero-knowledge proofs - [04:28:00] Dark Wallet and John Dillon - [04:30:00] Dark Wallet and Li Bitcoin - [04:32:00] Amir Taaki's projects and software development - [04:34:00] Dark Wallet funding and developer costs - [04:36:00] Libbitcoin's code size and developer salaries - [04:38:00] John Dillon and Greg Maxwell - [04:40:00] Opportunistic encryption and BIPs 151/152 - [04:42:00] Dandelion and privacy - [04:44:00] BIP 37 and Bloom filters - [04:46:00] Consensus cleanup and the Time Warp bug - [04:48:00] Merkle tree malleability and 64-byte transactions - [04:50:00] 64-byte transactions and SPV wallets - [04:52:00] Coinbase transactions and malleability - [04:54:00] Invalid block hashes and DoS vectors - [04:56:00] Core bug and ban list overflow - [04:58:00] Storing hashes of invalid blocks - [05:00:00] DoS vectors and invalid blocks - [05:02:00] Malleated Merkle trees and 64-byte transactions - [05:04:00] 64-byte transactions and Merkle tree malleability - [05:06:00] Null points and malleated blocks - [05:08:00] Redundant checks and the inflation soft fork - [05:10:00] Op code separator and code complexity - [05:12:00] Transaction order in a block - [05:14:00] Forward references in blocks - [05:16:00] Coinbase transaction rules - [05:18:00] Time Warp bug and Litecoin support - [05:20:00] Quadratic op roll bug - [05:22:00] Stack implementation and op roll - [05:24:00] Templatized stack and op roll optimization - [05:26:00] Non-standard transactions and direct submission to miners - [05:28:00] Mempool policy and DoS - [05:30:00] Monoculture and competing implementations - [05:32:00] Consensus cleanup and Berkeley DB - [05:34:00] Code vs. consensus - [05:36:00] Bitcoin Knots and Luke-jr - [05:38:00] 300 kilobyte node and Luke-jr's views - [05:40:00] Bitcoin Knots and performance - [05:42:00] Bitcoin Knots and censorship - [05:44:00] Censorship and miner incentives - [05:46:00] Censorship and hash power - [05:48:00] Soft forks and censorship - [05:50:00] Ordinals and covenants - [05:52:00] RBF and zero-confirmation transactions - [05:54:00] Double spending and merchant risk - [05:56:00] First-seen mempool policy and RBF - [05:58:00] Low-value transactions and RBF - [06:00:00] Computational cost of actions - [06:00:15] Building infrastructure and system disruption - [06:00:20] Threat actors and economic disruption - [06:00:26] Double spending detection and system control - [06:00:29] Safety and manageability of zero comp transactions - [06:00:41] Security of zero comp transactions - [06:00:51] RBF (Replace-by-fee) and its relevance - [06:01:06] Bitcoin's mempool and transaction handling - [06:01:25] Mempool overflow and resource management - [06:02:08] Transaction storage and mining - [06:02:45] Miners' incentives and fee maximization - [06:03:07] Mempool policy and DOS protection - [06:03:41] Transaction validation and block context - [06:04:11] Fee limits and DOS protection - [06:05:13] Transaction sets, graph processing, and fee maximization - [06:06:24] Mining empty blocks and hash rate - [06:07:34] Replace-by-fee (RBF) and its purpose - [06:08:07] Infrastructure and RBF - [06:09:14] Transaction pool and conflict resolution - [06:09:44] Disk space, fees, and DOS protection - [06:11:06] Fee rates and DOS protection - [06:12:22] Opt-in RBF and mempool full RBF - [06:13:45] Intent flagging in transactions - [06:14:45] Miners obeying user intent and system value - [06:17:06] Socialized gain and individual expense - [06:18:17] Service reliability and profitability - [06:19:06] First-seen mempool policy - [06:19:37] Mempool policy and implementation - [06:20:06] User perspective on transaction priority - [06:21:14] Mempool conflicts and double spending - [06:22:10] CPFP (Child Pays for Parent) - [06:22:24] Mempool management and fee rates - [06:24:30] Mempool complexity and Peter Wuille's work - [06:25:54] Memory and disk resource management - [06:27:37] First-seen policy and miner profitability - [06:29:25] Miners' preference for first-seen - [06:30:04] Computational cost and fee optimization - [06:31:10] Security, Cypherpunk mentality, and the state - [06:35:25] Bitcoin's security model and censorship resistance - [06:41:02] State censorship and fee increases - [06:43:00] State's incentive to censor - [06:46:15] Lightning Network and regulation - [06:48:41] NGU (Number Go Up) and deference to the state - [06:51:10] Reasons for discussing Bitcoin's security model - [06:53:25] Bitcoin's potential subversion and resilience - [06:55:50] Lightning Network subsidies and scaling - [06:57:36] Mining protocols and security - [07:02:02] Braidpool and centralized mining - [07:04:44] Compact blocks and latency reduction - [07:07:23] Orphan rates and mining centralization - [07:08:16] Privacy and threat environments - [07:08:40] Social graphs, reputation, and identity - [07:10:23] Social scalability and Bitcoin - [07:12:36] Individual empowerment and anonymity - [07:16:48] Trust in society and the role of the state - [07:18:01] Payment methods and trust - [07:20:15] Credit reporting agencies and regulation - [07:22:17] Hardware wallets and self-custody - [07:23:46] Security vulnerabilities in Ledger - [07:27:14] Disclosure of secrets on Ledger devices - [07:36:27] Compromised machines and hardware wallets - [07:42:00] Methods for transferring signed transactions - [07:48:25] Threat scenarios and hardware wallet security - [07:50:47] Hardware wallet usage and personal comfort - [07:56:40] Coldcard wallets and user experience - [08:02:23] Security issues in the VX project - [08:03:25] Seed generation and hardware randomness - [08:12:05] Mastering Bitcoin and random number generation - [08:17:41]

Preston Pysh is the co-host of the Investor's Podcast and general partner at Ego Death Capital. He initially found Bitcoin because he was interested in  In this conversation with Relai CEO Julian Liniger, Preston  You can follow Preston on X: https://x.com/PrestonPysh  Follow Preston's Investor's Podcast at: https://www.theinvestorspodcast.com/  Find out more about Ego Death Capital at: https://egodeath.capital/  — 00:00 - Intro 03:25 - Preston's journey into Bitcoin 09:03 - Why everyone is suddenly talking about Bitcoin 16:07 - The reason why the monetary supply is expanding 23:35 - How the Cantillon Effect is ruining investors and businesses 28:45 - Why Preston is only investing in Bitcoin and Bitcoin businesses 34:55 - How companies like MicroStrategy help in institutional adoption 38:16 - Has Donald Trump actually understood Bitcoin? 41:09 - Will Game Theory play out with Bitcoin? 47:16 - How hyperinflation will help Bitcoin thrive 52:10 - Why traditional finance is leaning into Bitcoin 55:14 - Preston's Bitcoin allocation in his portfolio — Prefer to enjoy this show in audio format?  Listen on Apple Podcast: https://podcasts.apple.com/at/podcast/relai-bitcoin-podcast/id1543267066  Listen on Spotify: https://open.spotify.com/show/06BdZid57RlCgBNsgr703A?si=5ec60cc680534b44  -- The opinions expressed on the show are the opinions of the individual guests and may not reflect the opinions of Relai AG. The information on the podcast may be changed without notice, and is not guaranteed to be correct, complete or up-to-date. -- Relai is Europe's easiest bitcoin investment app. The ‘Made in Switzerland' bitcoin investment app enables anyone in Europe to invest in bitcoin within minutes, without the need for registration, verification, or a deposit. You can buy bitcoin instantly or set up a weekly/monthly savings plan for as little as 25 CHF/EUR and invest in bitcoin automatically over time.

Phil Geiger is the Vice President of Product Marketing at Unchained, a prominent Bitcoin financial services company. Before joining Unchained, he actively introduced Bitcoin to newcomers by explaining its underlying economics. His efforts included giving educational presentations for beginners, offering one-on-one consulting, writing featured articles for various publications, and engaging in discussions about Bitcoin and cryptocurrency on social media. → Follow Phil on https://x.com/phil_geiger

Our greatest moral imperative is to solve the problem of poverty -- and after over 75 years, we still have some distance to travel. Rajeswari Sengupta joins Amit Varma in episode 387 of The Seen and the Unseen for a deep dive into how we got here, where we went wrong, what we got right, and how we should look at the Indian economy going forward. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out:1. Rajeswari Sengupta's homepage. 2. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 3. Twelve Dream Reforms — Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 4. Two-and-a-Half Bengalis Have an Economics Adda -- Episode 274 of The Seen and the Unseen (w Rajeswari Sengupta and Shrayana Bhattacharya). 5. Talks & Discussions on the Indian Economy featuring Rajeswari Sengupta. 6. Rajeswari Sengulta's writings on the Indian economy. 7. Rajeswari Sengupta's writing for Ideas for India. 8. Rajeswari Sengupta's writing on the Leap Blog. 9. Rajeswari Sengupta's pieces on GDP: 1, 2, 3, 4, 5. 10. Rajeswari Sengupta's pieces on fiscal policy: 1, 2, 3. 11. Rajeswari Sengupta's pieces on the banking crisis: 1, 2, 3, 4, 5. 12. Rajeswari Sengupta's pieces on the financial sector: 1, 2, 3, 4, 5, 6, 7. 13. Rajeswari Sengupta's pieces on Covid: 1, 2, 3, 4. 14. Getting the State out of Our Lives -- Rajeswari Sengupta's TEDx talk. 15. Why Freedom Matters -- Episode 10 of Everything is Everything. 16. The Reformers -- Episode 28 of Everything is Everything. 17. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 18. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 19. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 20. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 21. The Life and Times of KP Krishnan -- Episode 355 of The Seen and the Unseen. 22. Lant Pritchett Is on Team Prosperity -- Episode 379 of The Seen and the Unseen. 23. Josh Felman Tries to Make Sense of the World — Episode 321 of The Seen and the Unseen. 24. Rohit Lamba Will Never Be Bezubaan -- Episode 378 of The Seen and the Unseen. 25. Yugank Goyal Is out of the Box — Episode 370 of The Seen and the Unseen. 26. The State of Our Farmers — Ep 86 of The Seen and the Unseen (w Gunvant Patil, in Hindi). 27. India's Agriculture Crisis — Ep 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand). 28. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 29. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 30. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 31. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 32. Subhashish Bhadra on Our Dysfunctional State -- Episode 333 of The Seen and the Unseen. 33. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 34. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 35. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 36. Understanding the State -- Episode 25 of Everything is Everything. 37. When Should the State Act? -- Episode 26 of Everything is Everything. 38. Public Choice Theory Explains SO MUCH -- Episode 33 of Everything is Everything. 39. Our Population Is Our Greatest Asset -- Episode 20 of Everything is Everything. 40. What's Wrong With Indian Agriculture? -- Episode 18 of Everything is Everything. 41. The Long Road to Change -- Episode 36 of Everything is Everything. 42. India Needs Decentralization -- Episode 47 of Everything is Everything. 43. Beware of These Five Fallacies! -- Episode 45 of Everything is Everything. 44. Stay Away From Luxury Beliefs -- Episode 46 of Everything is Everything. 45. Graduating to Globalisation -- Episode 48 of Everything is Everything (on I18N). 46. Ask Me ANYTHING! -- Episode 50 of Everything is Everything. 47. Four Papers That Changed the World -- Episode 41 of Everything is Everything. 48. The Populist Playbook -- Episode 42 of Everything is Everything. 49. The 1991 Project. 50. The quest for economic freedom in India — Shruti Rajagopalan. 51. What I, as a development economist, have been actively “for” — Lant Pritchett. 52. National Development Delivers: And How! And How? — Lant Pritchett. 53. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 54. Is India a Flailing State?: Detours on the Four Lane Highway to Modernization — Lant Pritchett. 55. Is Your Impact Evaluation Asking Questions That Matter? A Four Part Smell Test — Lant Pritchett. 56. The Perils of Partial Attribution: Let's All Play for Team Development — Lant Pritchett. 57. Some episodes of The Seen and the Unseen on the state of the economy: 1, 2, 3, 4, 5. 58. Accelerating India's Development — Karthik Muralidharan. 59. Unshackling India -- Ajay Chhibber and Salman Soz. 60. India Grows At Night -- Gurcharan Das. 61. India's Problem is Poverty, Not Inequality -- Amit Varma. 62. Mohit Satyanand's newsletter post on the informal sector. 63. Pratap Bhanu Mehta's column on mission mode interventions. 64. The Hedonistic Treadmill. 65. 77% low-income households saw no income increase in the past 5 yrs -- Vasudha Mukherjee. 66. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 67. Economic Facts and Fallacies -- Thomas Sowell. 68. An Autobiography -- Jawaharlal Nehru. 69. The Double 'Thank You' Moment -- John Stossel. 70. Profit = Philanthropy — Amit Varma. 71. India After Gandhi -- Ramachandra Guha. 72. The China Dude Is in the House -- Episode 231 of The Seen and the Unseen (w Manoj Kewalramani). 73. The Dragon and the Elephant -- Episode 181 of The Seen and the Unseen (w Hamsini Hariharan and Shibani Mehta). 74. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 75. The Collected Writings and Speeches of Dr Babasaheb Ambedkar. 76. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 77. How to assess the needs for aid? The answer: Don't ask -- William Easterly. 78. The White Man's Burden -- William Easterly. 79. The Elusive Quest for Growth -- William Easterly. 80. The Tyranny of Experts -- William Easterly. 81. Planners vs. Searchers in Foreign Aid — William Easterly. 82. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 83. 75 Years of India's Foreign Exchange Controls -- Bhargavi Zaveri Shah. 84. Breaking the Mould: Reimagining India's Economic Future — Raghuram Rajan and Rohit Lamba. 85. The History of the Planning Commission — Episode 306 of The Seen and the Unseen (w Nikhil Menon). 86. Adam Smith on The Man of System. 87. The Use of Knowledge in Society — Friedrich Hayek. 88. Price Controls Lead to Shortages and Harm the Poor -- Amit Varma. 89. The Great Redistribution -- Amit Varma. 90. Backstage: The Story behind India's High Growth Years -- Montek Singh Ahluwalia. 91. The Indian State Is the Greatest Enemy of the Indian Farmer -- Amit Varma piece, which contains the Sharad Joshi shair. 92. India's Massive Pensions Crisis — Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 93. The Economic Legacies of Colonial Rule in India -- Tirthankar Roy. 94. The Semiconductor Wars — Episode 358 of The Seen and the Unseen (w Pranay Kotasthane & Abhiram Manchi). 95. BR Shenoy on Wikipedia and Indian Liberals. 96. BR Shenoy: Stature and Impact -- Peter Bauer. 97. The Foreign Exchange Crisis and India's Second Five Year Plan -- VKRV Rao. 98. India's Water Crisis — Episode 60 of The Seen and the Unseen (w Vishwanath S aka Zenrainman). 99. The Delhi Smog — Episode 44 of The Seen and the Unseen (w Vivek Kaul). 100. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 101. Education in India — Episode 77 of The Seen and the Unseen (w Amit Chandra). 102. The Profit Motive in Education — Episode 9 of The Seen and the Unseen (w Parth Shah). 103. Our Unlucky Children (2008) — Amit Varma. 104. Where Has All the Education Gone? — Lant Pritchett. 105. Every Act of Government Is an Act of Violence -- Amit Varma. 106. Narendra Modi takes a Great Leap Backwards -- Amit Varma on DeMon & Mao killing sparrows. 107. The Emergency: A Personal History — Coomi Kapoor. 108. Coomi Kapoor Has the Inside Track — Episode 305 of The Seen and the Unseen. 109. Seven Stories That Should Be Films -- Episode 23 of Everything in Everything, in which Amit talks about the Emergency. 110. Milton Friedman on the minimum wage. 111. The Commanding Heights -- Daniel Yergin and Joseph Stanislaw. 112. Bootleggers and Baptists: The Education of a Regulatory Economist -- Bruce Yandle. 113. Raees: An Empty Shell of a Gangster Film — Amit Varma. 114. Josh Felman on Twitter, Project Syndicate, JH Consulting and The Marginal Economist. 115. Obituaries of SV Raju by Niranjan Rajadhyaksha and Samanth Subramanian. 116. Breaking Out -- Padma Desai. 117. Breaking Through -- Isher Judge Ahluwalia. 118. India's Far From Free Markets (2005) — Amit Varma in the Wall Street Journal. 119. Naushad Forbes Wants to Fix India — Episode 282 of The Seen and the Unseen. 120. The Struggle And The Promise — Naushad Forbes. 121. Half-Lion -- Vinay Sitapati's biography of PV Narasimha Rao. 122. A Game Theory Problem: Who Will Bell The Congress Cat? — Amit Varma. 123. India Transformed -- Rakesh Mohan. 124. Highway to Success: The Impact of the Golden Quadrilateral -- Ejaz Ghani, Arti Grover Goswami and William R Kerr. 125. The Cantillon Effect. 126. The Lost Decade -- Puja Mehra. 127. Modi's Domination – What We Often Overlook — Keshava Guha. 128. XKDR Forum. 129. Beware of the Useful Idiots — Amit Varma. 130. Some of Amit Varma's pieces and episodes against Demonetisation: 1, 2, 3, 4, 5, 6, 7, 8. 131. Episode of The Seen and the Unseen on GST: 1, 2, 3. 132. Miniature episodes of The Seen and the Unseen on PSBs, NPAs and NBFCs. 133. The Bankable Wisdom of Harsh Vardhan -- Episode 352 of The Seen and the Unseen. 134. Politics of Economic Growth in India, 1980-2005 -- Atul Kohli. 135. The Economic Consequences of the Peace -- John Maynard Keynes. 136. India's GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications -- Arvind Subramanian. 137. What a Long Strange Trip It's Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 138. Episodes of The Seen and the Unseen on Covid-19: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14. 139. A Venture Capitalist Looks at the World -- Episode 213 of The Seen and the Unseen (w Sajith Pai). 140. The Indus Valley Playbook — Sajith Pai. 141. India's Trade Policy Is Working Great — for Vietnam -- Andy Mukherjee. 142. A Trade Deficit With a Babysitter -- Tim Harford. 143. The City & the City — China Miéville. 144. A Decade of Credit Collapse in India -- Harsh Vardhan. 145. The Low Productivity Trap of Collateralised Lending for MSMEs -- Harsh Vardhan. 146. Economic Learnings of India for Make Benefit Glorious Nation of Bihar -- Episode 345 of The Seen and the Unseen (w Mohit Satyanand and Kumar Anand). 147. They Stole a Bridge. They Stole a Pond -- Amit Varma. 148. Yes Minister and Yes Prime Minister -- Jonathan Lynn and Antony Jay. 149. The Right to Property — Episode 26 of The Seen and the Unseen (w Shruti Rajagopalan). 150. Episodes of The Seen and the Unseen on agriculture: 1, 2, 3, 4, 5, 6, 7, 8. 151. Some of Amit Varma's pieces on agriculture: 1, 2, 3. 152. The Crisis in Indian Agriculture — Brainstorm on Pragati. 153. Where are the Markets? — Kumar Anand. 154. Empower Women Farmers -- Mrinal Pande. 155. The Mystery of Capital — Hernando De Soto. 156. India Unbound -- Gurcharan Das. 157. In Service of the Republic — Vijay Kelkar & Ajay Shah. 158. We, The Citizens: Strengthening the Indian Republic — Khyati Pathak, Anupam Manur and Pranay Kotasthane. 159. Making Policy Fun with Khyati Pathak and Friends -- Episode 374 of The Seen and the Unseen. 160. Seeing Like a State — James C Scott. 161. Free To Choose — Milton Friedman and Rose Friedman. 162. Classical Liberalism- A Primer -- Eamonn Butler. 163. Friedrich Hayek: The ideas and influence of the libertarian economist -- Eamonn Butler. 164. Milton Friedman: A concise guide to the ideas and influence of the free-market economist -- Eamonn Butler. 165. Public Choice – A Primer -- Eamonn Butler. 166. Adam Smith – A Primer: Eamonn Butler. 167. The Clash of Economic Ideas -- Lawrence H White. 168. Just a Mercenary?: Notes from My Life and Career -- D Subbarao. 169. Who Moved My Interest Rate? -- D Subbarao. 170. Advice & Dissent: My Life in Public Service -- YV Reddy. 171. A Business History of India -- Tirthankar Roy. 172. Courage to Act: A Memoir of a Crisis and Its Aftermath -- Ben Bernanke. 173. Whole Numbers And Half Truths -- Rukmini S. 174. Fragile by Design -- Charles Calomiris and Stephen Haber. 175. Universal Man: The Seven Lives of John Maynard Keynes -- Richard Davenport-Hines. 176. A Life in Our Times -- John Kenneth Galbraith. 177. The Age of Uncertainty -- John Kenneth Galbraith. 178. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. Amit's newsletter is active again. Subscribe right away to The India Uncut Newsletter! It's free! Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. Episode art: ‘It's Complicated' by Simahina.

A slightly-longer Sunday morning thought piece than usual today, but one that is well worth the effort I hope you'll discover.A reminder that:* This August I am going to the Edinburgh Fringe to do one of my “lectures with funny bits”. This one is all about the history of mining. As always, I shall be delivering it at Panmure House, where Adam Smith wrote Wealth of Nations. It's at 2pm most afternoons. Please come. Tickets here.* My first book and many readers' favourite, Life After the State - Why We Don't Need Government (2013), is now back in print - with the audiobook here: Audible UK, Audible US, Apple Books. I recommend the audiobook ;)Isaac Newton, who, along with William Shakespeare, Leonardo Da Vinci and Aristotle, must be one of the cleverest individuals to have ever lived, made groundbreaking contributions to physics, mathematics, optics, mechanics, philosophy and astronomy. The laws of motion, the theory of gravitation and the reflecting telescope were among his many contributions. He was also a brilliant alchemist, obsessed with theology and biblical prophecy. As if that isn't enough, he is credited with the design of the Gold Standard, the primary monetary system of the world for over two hundred years. Today we explore how this brilliant system was accidental.In 1695, counterfeit coins accounted for more than a tenth of all English money in circulation. Massive LOL: the English used the counterfeit coins, in particular, to pay their taxes. The Exchequer that year reported no more than ten good shillings for every hundred pounds of revenue. Coin clipping was also a major problem, especially of old coins, and silver coins were disappearing from circulation altogether. Silver was worth more on the continent as bullion than it was in the UK as tender, so arbitrageurs shipped coins abroad, melted them down, and sold them for gold. Everyone from the Jews to the French was blamed, but by 1695 it was almost impossible to find legal silver in circulation. It had all been melted down and sold.This all led to a scarcity of money, which inhibited trade. More damage was caused to the English nation in just one year by bad money than “by a quarter century of bad kings, bad Ministers, bad Parliaments and bad Judges”, said the historian Thomas Babington Macaulay.King William begged the House of Commons to respond to the crisis and, seeking help, Secretary of the Treasury, William Lowndes wrote letters to England's wisest men, asking their advice: among them, philosopher John Locke, architect Sir Christopher Wren, banker Sir Josiah Child, and scientist, Sir Isaac Newton.Newton was in his mid 40s and probably not far off the peak of his powers. He had published his most famous work, the Philosophiæ Naturalis Principia Mathematica, just eight years earlier in 1687, and it had established him as the smartest man in the country. He would now put his great mind to money.With the formation of the Bank of England the previous year, Newton had become aware of the possibilities of paper money. “If interest be not yet low enough for the advantage of trade,” he wrote, “the only proper way to lower it is more paper credit till by trading and business we can get more money.” He could see that token value and intrinsic value were not necessarily one and the same.It was also obvious to Newton that the currency criminals were rational actors. They would continue to clip, counterfeit, and sell abroad while there was profit in it. Bullion smuggling carried the death sentence, yet still it went on. Coercion alone would not be enough to stop it from happening. The market itself needed to be changed.He came up with two measures. First, to deal with the clipping, all coins minted prior to 1662 should be called in, melted down, and, using machines, re-made into coins that had a single consistent edge. With no more hand-hammered coins in circulation, clipping coins would become that much more difficult. Re-minting the entire country's coin, however, at a time of such primitive machinery, was no small undertaking. Second, to deal with the silver issue, the amount of silver in coins should be lowered so that the silver content and the face value of the coin were the same.The thought of such a devaluation went against the psyche. The idea that token value and intrinsic value might be different was alien and Newton's second proposal was not widely welcomed. There were 20 shillings to a pound, so a shilling should contain a concomitant amount of silver.  Newton may have thought that the token was more important than the silver content, but landowners and the government, which was largely made up of them, would lose 20% of their silver by Newton's proposal. In 1696 Parliament approved the recoinage, but stipulated the new coins maintain the old weights. Newton warned that the silver outflow would continue.The following year, nudged by John Locke, Charles Montague, the Chancellor of the Exchequer, sent Newton a letter notifying him that the King intended to make him Warden of the Mint. So began his new career. Perhaps the role was only intended as a sinecure, but Newton took it very seriously.Putting his chemical and mathematical knowledge to good use, Newton got the Mint's machines working and the coins minted at a speed that defied the predictions of even the boldest optimist and, as an industrial operation, Newton's recoinage was an enormous success. Newton would also have to learn the skills of a policeman—both investigator and interrogator—and he proved masterful. This ruthless enforcer of the law, oversaw numerous investigations, exposing frauds, and then prosecuting perpetrators. Poor counterfeiters had no idea what they were up against, and many were sent to the gallows for their crimes.So good at the job of Warden was Newton that, in 1699, he was promoted and made Master of the Royal Mint, and after the Union between England and Scotland in 1707, Newton directed a Scottish recoinage that would lead to a new currency for the new Kingdom of Great Britain.He had solved the clipping issue, the counterfeiting issue was vastly improved, but silver was still making its way across the Channel, just as Newton had said it would. As long as the silver content exceeded the face value of the coins, the trade would continue. By 1715, almost all of the coins that Newton had struck between 1696 and 1699 had left t he country.Newton's studies had moved on from tides, planetary motions, and pendulums to the gold markets. He drew up an extensive table of assays of foreign coins and in doing so realised that gold was cheaper in the new markets opening up in Asia than in Europe, and thus that silver was not just being sucked out of England, but out of Europe itself to India and China where it was traded for gold.Meanwhile, the world's next great gold rush had started.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future.My recommended bullion dealer is the Pure Gold Company.World gold output doublesSome time in 1694 Portuguese deserters had found alluvial gold two hundred miles inland from Rio De Janeiro in Minas Gerais in Brazil. Soon everyone was flocking there, “white, coloured, black, Amerindian, men and women; young and old; poor and rich; nobles and commoners; laymen and clergy,” said a Jesuit priest who lived in the area. By 1724, within just three decades of the discovery, world output had doubled. By 1750, 65% of global production was emanating from Brazil. The gold made its way to Lisbon, along with sugar, tobacco and other Brazilian products - similar amounts to that which the Conquistadors had sent back to Spain the previous century - and with it the Portuguese minted their moidores coins.The Portuguese used their gold to buy English cereal crops, beef and fish, woollen goods, manufactured articles, and luxuries. Portugal imported five times as much from England as it exported to it, and it used its gold to settle the difference. The moidores, which weighed slightly more than an English guinea, worth 28 shillings, actually became currency, especially in the west country, where there were more of them than local coins. “We hardly have any money,” wrote an Exeter man in 1713, “but Portugal gold.” In London, the Bank of England began buying vast amounts of gold, “to be coined as it comes in” and the Mint began minting guineas from the moidores. By 1715 the Bank had 800 kg/25,700 t.oz, a nascent central bank reserve, and this figure would rise would to 15.5 tonnes/500,000 t.oz by 1730. So much gold coin had never been minted before and London soon overtook Amsterdam as the foremost precious metals market. Gold was coming and staying. Silver was leaving for Asia. In 1717 Newton was called on to investigate.He came up with a new system and outlined it in a report to the Lords Commissioners of His Majesty's Treasury in September 1717. Less than three months later there was a Royal Proclamation that forbade the exchange of gold guineas for more than 21 silver shillings - even if they were clipped or underweight. Thus was a guinea just over a pound, which was 20 shillings, or 113 grains of gold. The ratio of gold to silver was effectively set at roughly 1:15.5.But silver coin clipping continued, and full-weight silver coins continued to be exported to the continent, where 21 shillings of silver could still get you more than a guinea's worth of gold (just over 7.6 grams/1/4 t.oz), and to Asia, especially India and China, often via the East India Company, where silver was even more valuable. The result was that silver was used for imports, and so left the country, while exports were traded for gold, which thus came into the country.All in all, some two-thirds of that Brazilian gold is thought to have ended up in England. Hundreds of tonnes in total.Britain had always been on a silver standard. A pound was a pound of sterling silver. “In all men's minds the only true money of the country was the silver coin,” said Sir John Craig, historian of the Mint. Although that Royal Proclamation suggested a bimetallic standard, in practice, with so much silver going abroad, it moved Britain from silver to its first gold standard. Gold was more dependable than clipped silver. The future would look back on Newton as the father of the gold standard. His system proved the bedrock of Britain's domestic and international trade through the 18th century, helping it to become such a formidable commercial power. But it was an accidental gold standard. Nobody—not the institutions nor the persons involved—had had the slightest intention of creating a new monetary system on gold. Most people wanted to sustain silver as the prime coinage of the land. Newton had tried to create a functioning bimetallic standard. But market forces had other ideas.In the 1770s there was another recoinage in Britain, which, in terms of sheer scale, was unprecedented. Some 155 tonnes/5 million t.oz of gold in total, perhaps 30 times greater than Newton's recoinage of 1696-9, greater than anything attempted by Spain or Venice, or even Rome. No attempt was made to recoin silver. It was a formal admission that Britain was now on a gold standard. Newton's accidental gold standard was formalised.Anno domini for goldThe second half of the 19th century proved the golden age of the gold rush. First California, then Australia, then New Zealand, then South Africa, then Western Australia, and finally the Klondike.Aside from taxation (see Daylight Robbery), it is difficult to think of anything more overlooked that has had a more profound influence on the course of human history than the gold rush. Nations, indeed civilisations, have been formed on the back of them. (The beneficial impact of gold discoveries in Northern Spain to the Roman Empire is dramatically understated, for example). The fifty years from January 24th, 1848, were perhaps the golden era of the gold rush. The date stands as a watershed moment, the dawn of a new golden age. You might say there are two histories of gold, one before and one after 1848, akin to a BC and AD moment in time. On that day a carpenter from New Jersey by the name of James Marshall saw something shiny at the bottom of a ditch while carrying out a routine inspection of a lumbar mill he was helping build on the western slopes of the Sierra Nevada in California. The scale of the gold business changed out of all proportion. The amount of metal available changed beyond all recognition. Annual production rose fivefold in five years. The Paris Mint coined 150 million Napoléons D'Or in eight years from 1850-57, compared to 65 million in the preceding 50 years. The US Mint's output of gold eagles rose fivefold.The gold price should surely fall with all the new supply, feared bankers and economists. “The price must fall,” said the Economist, wrong about everything even then. The Times agreed. French economist Michel Chevalier wrote an entire book, On the Probable Fall in the Value of Gold. But the gold price did not fall. It stayed constant. Surprisingly perhaps, the biggest casualty of the gold rush, and the dramatic increase in gold supply, was silver. Silver had been money for thousands of years. Not for much longer. Its price halved. In 1850 only Britain, Portugal, Brazil, and a handful of other nations were on the gold standard. Everyone else was on bi-metallic standards. Come 1900 China was the only major nation not on a pure gold standard. Scarcely had the discoveries in California been made when the US began minting $1 and $20 gold coins, in addition to the $10 eagle. Before the discovery, the US Mint struck $4 million worth; in 1851 it minted over $62 million worth. Gold is “virtually the only currency of the country,” said a Congressman proposing a $3 gold coin in a debate in 1853. 1853 would also prove the last time silver dollars were struck, though they still circulated. In practical terms, if not nominal, the US was moving to a gold standard. Then the Coinage Act of 1873 eliminated the standard silver dollar altogether. The act became known as the Crime of 1873. There was a rearguard action, a “silver crusade” to get silver reinstated, especially as silver supply was now increasing thanks to discoveries in Nevada, Colorado, and Mexico. There was, thought some, a “deep-laid plot” engineered by a foreign conspiracy to increase the national debt, which would have to be paid in gold. Bimetallism became a central issue of the election of 1896, when an ambitious young Democrat by the name of William Jennings Bryan won the nomination that he thought would carry him to the presidency with what is widely regarded as one of the greatest speeches in American political history. “Thou shalt not crucify mankind upon a cross of gold,” he bellowed. But no.Gold rather than silver was now in the pockets of millions of people around the world. The increased gold supply effectively sent both France and the US onto gold standards, even though nominally they remained bimetallic (the US until 1900). The move from silver to gold gathered pace in Europe from the 1870s. In 1872-3 Germany launched its new mark, followed by Denmark, Sweden, Norway, and the Netherlands. France, Belgium, Switzerland, and Italy had signed up to a Latin bimetallic monetary union in 1865, which was undermined by the tumbling silver price, and they largely abandoned the silver part of the equation after 1874. By the end of the century, every major nation bar China was on a gold standard, the classical gold standard which Isaac Newton is credited with having designed.But that classical gold standard, that golden age of sound money for which many hard money advocates of today, including yours truly, pine, was not designed and planned, it was accidental.As a the poet Robert Burns wrote:But Mousie, thou art no thy-lane,In proving foresight may be vain:The best laid schemes o' Mice an' MenGang aft agleyThe modern system of fiat money by which we operate today is also accidental, evolving from political expediency, political pressure, technological developments, deficit spending, suppressed interest rates, misguided obsession with GDP, and more. Many, especially the powerful, have exploited it for their own ends, but nobody designed a system in which 99% of money is digital, in which 99% of money is debt, in which loss of purchasing power and Cantillon Effect are built in, which robs the young, the salaried, and the saver, which makes an increase in the wealth gap inevitable and so on. The modern system is clearly in its endgame. Better systems are emerging. But endgames last a long time.Enjoy this article? Please consider becoming a paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

A slightly-longer Sunday morning thought piece than usual today, but one that is well worth the effort I hope you'll discover.A reminder that:* This August I am going to the Edinburgh Fringe to do one of my “lectures with funny bits”. This one is all about the history of mining. As always, I shall be delivering it at Panmure House, where Adam Smith wrote Wealth of Nations. It's at 2pm most afternoons. Please come. Tickets here.* My first book and many readers' favourite, Life After the State - Why We Don't Need Government (2013), is now back in print - with the audiobook here: Audible UK, Audible US, Apple Books. I recommend the audiobook ;)Isaac Newton, who, along with William Shakespeare, Leonardo Da Vinci and Aristotle, must be one of the cleverest individuals to have ever lived, made groundbreaking contributions to physics, mathematics, optics, mechanics, philosophy and astronomy. The laws of motion, the theory of gravitation and the reflecting telescope were among his many contributions. He was also a brilliant alchemist, obsessed with theology and biblical prophecy. As if that isn't enough, he is credited with the design of the Gold Standard, the primary monetary system of the world for over two hundred years. Today we explore how this brilliant system was accidental.In 1695, counterfeit coins accounted for more than a tenth of all English money in circulation. Massive LOL: the English used the counterfeit coins, in particular, to pay their taxes. The Exchequer that year reported no more than ten good shillings for every hundred pounds of revenue. Coin clipping was also a major problem, especially of old coins, and silver coins were disappearing from circulation altogether. Silver was worth more on the continent as bullion than it was in the UK as tender, so arbitrageurs shipped coins abroad, melted them down, and sold them for gold. Everyone from the Jews to the French was blamed, but by 1695 it was almost impossible to find legal silver in circulation. It had all been melted down and sold.This all led to a scarcity of money, which inhibited trade. More damage was caused to the English nation in just one year by bad money than “by a quarter century of bad kings, bad Ministers, bad Parliaments and bad Judges”, said the historian Thomas Babington Macaulay.King William begged the House of Commons to respond to the crisis and, seeking help, Secretary of the Treasury, William Lowndes wrote letters to England's wisest men, asking their advice: among them, philosopher John Locke, architect Sir Christopher Wren, banker Sir Josiah Child, and scientist, Sir Isaac Newton.Newton was in his mid 40s and probably not far off the peak of his powers. He had published his most famous work, the Philosophiæ Naturalis Principia Mathematica, just eight years earlier in 1687, and it had established him as the smartest man in the country. He would now put his great mind to money.With the formation of the Bank of England the previous year, Newton had become aware of the possibilities of paper money. “If interest be not yet low enough for the advantage of trade,” he wrote, “the only proper way to lower it is more paper credit till by trading and business we can get more money.” He could see that token value and intrinsic value were not necessarily one and the same.It was also obvious to Newton that the currency criminals were rational actors. They would continue to clip, counterfeit, and sell abroad while there was profit in it. Bullion smuggling carried the death sentence, yet still it went on. Coercion alone would not be enough to stop it from happening. The market itself needed to be changed.He came up with two measures. First, to deal with the clipping, all coins minted prior to 1662 should be called in, melted down, and, using machines, re-made into coins that had a single consistent edge. With no more hand-hammered coins in circulation, clipping coins would become that much more difficult. Re-minting the entire country's coin, however, at a time of such primitive machinery, was no small undertaking. Second, to deal with the silver issue, the amount of silver in coins should be lowered so that the silver content and the face value of the coin were the same.The thought of such a devaluation went against the psyche. The idea that token value and intrinsic value might be different was alien and Newton's second proposal was not widely welcomed. There were 20 shillings to a pound, so a shilling should contain a concomitant amount of silver.  Newton may have thought that the token was more important than the silver content, but landowners and the government, which was largely made up of them, would lose 20% of their silver by Newton's proposal. In 1696 Parliament approved the recoinage, but stipulated the new coins maintain the old weights. Newton warned that the silver outflow would continue.The following year, nudged by John Locke, Charles Montague, the Chancellor of the Exchequer, sent Newton a letter notifying him that the King intended to make him Warden of the Mint. So began his new career. Perhaps the role was only intended as a sinecure, but Newton took it very seriously.Putting his chemical and mathematical knowledge to good use, Newton got the Mint's machines working and the coins minted at a speed that defied the predictions of even the boldest optimist and, as an industrial operation, Newton's recoinage was an enormous success. Newton would also have to learn the skills of a policeman—both investigator and interrogator—and he proved masterful. This ruthless enforcer of the law, oversaw numerous investigations, exposing frauds, and then prosecuting perpetrators. Poor counterfeiters had no idea what they were up against, and many were sent to the gallows for their crimes.So good at the job of Warden was Newton that, in 1699, he was promoted and made Master of the Royal Mint, and after the Union between England and Scotland in 1707, Newton directed a Scottish recoinage that would lead to a new currency for the new Kingdom of Great Britain.He had solved the clipping issue, the counterfeiting issue was vastly improved, but silver was still making its way across the Channel, just as Newton had said it would. As long as the silver content exceeded the face value of the coins, the trade would continue. By 1715, almost all of the coins that Newton had struck between 1696 and 1699 had left t he country.Newton's studies had moved on from tides, planetary motions, and pendulums to the gold markets. He drew up an extensive table of assays of foreign coins and in doing so realised that gold was cheaper in the new markets opening up in Asia than in Europe, and thus that silver was not just being sucked out of England, but out of Europe itself to India and China where it was traded for gold.Meanwhile, the world's next great gold rush had started.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future.My recommended bullion dealer is the Pure Gold Company.World gold output doublesSome time in 1694 Portuguese deserters had found alluvial gold two hundred miles inland from Rio De Janeiro in Minas Gerais in Brazil. Soon everyone was flocking there, “white, coloured, black, Amerindian, men and women; young and old; poor and rich; nobles and commoners; laymen and clergy,” said a Jesuit priest who lived in the area. By 1724, within just three decades of the discovery, world output had doubled. By 1750, 65% of global production was emanating from Brazil. The gold made its way to Lisbon, along with sugar, tobacco and other Brazilian products - similar amounts to that which the Conquistadors had sent back to Spain the previous century - and with it the Portuguese minted their moidores coins.The Portuguese used their gold to buy English cereal crops, beef and fish, woollen goods, manufactured articles, and luxuries. Portugal imported five times as much from England as it exported to it, and it used its gold to settle the difference. The moidores, which weighed slightly more than an English guinea, worth 28 shillings, actually became currency, especially in the west country, where there were more of them than local coins. “We hardly have any money,” wrote an Exeter man in 1713, “but Portugal gold.” In London, the Bank of England began buying vast amounts of gold, “to be coined as it comes in” and the Mint began minting guineas from the moidores. By 1715 the Bank had 800 kg/25,700 t.oz, a nascent central bank reserve, and this figure would rise would to 15.5 tonnes/500,000 t.oz by 1730. So much gold coin had never been minted before and London soon overtook Amsterdam as the foremost precious metals market. Gold was coming and staying. Silver was leaving for Asia. In 1717 Newton was called on to investigate.He came up with a new system and outlined it in a report to the Lords Commissioners of His Majesty's Treasury in September 1717. Less than three months later there was a Royal Proclamation that forbade the exchange of gold guineas for more than 21 silver shillings - even if they were clipped or underweight. Thus was a guinea just over a pound, which was 20 shillings, or 113 grains of gold. The ratio of gold to silver was effectively set at roughly 1:15.5.But silver coin clipping continued, and full-weight silver coins continued to be exported to the continent, where 21 shillings of silver could still get you more than a guinea's worth of gold (just over 7.6 grams/1/4 t.oz), and to Asia, especially India and China, often via the East India Company, where silver was even more valuable. The result was that silver was used for imports, and so left the country, while exports were traded for gold, which thus came into the country.All in all, some two-thirds of that Brazilian gold is thought to have ended up in England. Hundreds of tonnes in total.Britain had always been on a silver standard. A pound was a pound of sterling silver. “In all men's minds the only true money of the country was the silver coin,” said Sir John Craig, historian of the Mint. Although that Royal Proclamation suggested a bimetallic standard, in practice, with so much silver going abroad, it moved Britain from silver to its first gold standard. Gold was more dependable than clipped silver. The future would look back on Newton as the father of the gold standard. His system proved the bedrock of Britain's domestic and international trade through the 18th century, helping it to become such a formidable commercial power. But it was an accidental gold standard. Nobody—not the institutions nor the persons involved—had had the slightest intention of creating a new monetary system on gold. Most people wanted to sustain silver as the prime coinage of the land. Newton had tried to create a functioning bimetallic standard. But market forces had other ideas.In the 1770s there was another recoinage in Britain, which, in terms of sheer scale, was unprecedented. Some 155 tonnes/5 million t.oz of gold in total, perhaps 30 times greater than Newton's recoinage of 1696-9, greater than anything attempted by Spain or Venice, or even Rome. No attempt was made to recoin silver. It was a formal admission that Britain was now on a gold standard. Newton's accidental gold standard was formalised.Anno domini for goldThe second half of the 19th century proved the golden age of the gold rush. First California, then Australia, then New Zealand, then South Africa, then Western Australia, and finally the Klondike.Aside from taxation (see Daylight Robbery), it is difficult to think of anything more overlooked that has had a more profound influence on the course of human history than the gold rush. Nations, indeed civilisations, have been formed on the back of them. (The beneficial impact of gold discoveries in Northern Spain to the Roman Empire is dramatically understated, for example). The fifty years from January 24th, 1848, were perhaps the golden era of the gold rush. The date stands as a watershed moment, the dawn of a new golden age. You might say there are two histories of gold, one before and one after 1848, akin to a BC and AD moment in time. On that day a carpenter from New Jersey by the name of James Marshall saw something shiny at the bottom of a ditch while carrying out a routine inspection of a lumbar mill he was helping build on the western slopes of the Sierra Nevada in California. The scale of the gold business changed out of all proportion. The amount of metal available changed beyond all recognition. Annual production rose fivefold in five years. The Paris Mint coined 150 million Napoléons D'Or in eight years from 1850-57, compared to 65 million in the preceding 50 years. The US Mint's output of gold eagles rose fivefold.The gold price should surely fall with all the new supply, feared bankers and economists. “The price must fall,” said the Economist, wrong about everything even then. The Times agreed. French economist Michel Chevalier wrote an entire book, On the Probable Fall in the Value of Gold. But the gold price did not fall. It stayed constant. What the Times, the Economist and Chevalier had all failed to appreciate was that most of the gold would use as money, and that trade, exchange and economic expansion would be the result.Surprisingly perhaps, the biggest casualty of the gold rush was silver. Silver had been money for thousands of years. Not for much longer. Its price halved. In 1850 only Britain, Portugal, Brazil, and a handful of other nations were on the gold standard. Everyone else was on bi-metallic standards. Come 1900 China was the only major nation not on a pure gold standard. Scarcely had the discoveries in California been made when the US began minting $1 and $20 gold coins, in addition to the $10 eagle. Before the discovery, the US Mint struck $4 million worth; in 1851 it minted over $62 million worth. Gold is “virtually the only currency of the country,” said a Congressman proposing a $3 gold coin in a debate in 1853. 1853 would also prove the last time silver dollars were struck, though they still circulated. In practical terms, if not nominal, the US was moving to a gold standard. Then the Coinage Act of 1873 eliminated the standard silver dollar altogether. The act became known as the Crime of 1873. There was a rearguard action, a “silver crusade” to get silver reinstated, especially as silver supply was now increasing thanks to discoveries in Nevada, Colorado, and Mexico. There was, thought some, a “deep-laid plot” engineered by a foreign conspiracy to increase the national debt, which would have to be paid in gold. Bimetallism became a central issue of the election of 1896, when an ambitious young Democrat by the name of William Jennings Bryan won the nomination that he thought would carry him to the presidency with what is widely regarded as one of the greatest speeches in American political history. “Thou shalt not crucify mankind upon a cross of gold,” he bellowed. But no.Gold rather than silver was now in the pockets of millions of people around the world. The increased gold supply effectively sent both France and the US onto gold standards, even though nominally they remained bimetallic (the US until 1900). The move from silver to gold gathered pace in Europe from the 1870s. In 1872-3 Germany launched its new mark, followed by Denmark, Sweden, Norway, and the Netherlands. France, Belgium, Switzerland, and Italy had signed up to a Latin bimetallic monetary union in 1865, which was undermined by the tumbling silver price, and they largely abandoned the silver part of the equation after 1874. By the end of the century, every major nation bar China was on a gold standard, the classical gold standard which Isaac Newton is credited with having designed.But that classical gold standard, that golden age of sound money for which many hard money advocates of today, including yours truly, pine, was not designed and planned, it was accidental.As a the poet Robert Burns wrote:But Mousie, thou art no thy-lane,In proving foresight may be vain:The best laid schemes o' Mice an' MenGang aft agleyThe modern system of fiat money by which we operate today is also accidental, evolving from political expediency, political pressure, technological developments, deficit spending, suppressed interest rates, misguided obsession with GDP, and more. Many, especially the powerful, have exploited it for their own ends, but nobody designed a system in which 99% of money is digital, in which 99% of money is debt, in which loss of purchasing power and Cantillon Effect are built in, which robs the young, the salaried, and the saver, which makes an increase in the wealth gap inevitable and so on. The modern system is clearly in its endgame. Better systems are emerging. But endgames last a long time.Enjoy this article? Please consider becoming a paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Today's guest is Anil Patel, a self-described pleb, but more accurately, is a Bitcoin author and educator whose "Bitcoin Handbook" is one of the best at taking complex topics and breaking them down into simple terms. In this episode, we a variety of topics of the day, as well as going into some of the concepts laid out in his book. Timestamps: (0:05:05) – Anil's introduction into Bitcoin (0:11:23) – Impact of the Bitcoin ETFs (0:14:55) – Bitcoin as pristine collateral (0:17:48) – What if you don't have excess savings to put into Bitcoin? (0:21:25)  – Gresham's Law (0:25:30) – Cantillon Effect (0:31:12) – Monetary premium explained (0:40:46) – What is Bitcoin backed by? (0:46:40) – Intransigent minorities, how change occurs (0:50:00) – The Gell Man Amnesia effect (0:52:50) – Crypto and what makes it different to Bitcoin Anil can be found on X ( @anilsaidso ) or you can visit his website https://anilsaidso.gumroad.com/ or download his wonderful book The Bitcoin Handbook for free https://thebitcoinhandbook.com. Follow me on X at @Dale21M or visit www.thewhybitcoinshow.com for any feedback. Thanks for the support everyone, it means the world to me! Edited by Sean Lowe. --- Send in a voice message: https://podcasters.spotify.com/pod/show/whybitcoinshow/message

Prepare to be whisked from the playful world of innovative shower systems to the economic trials of Argentina, all within a single episode. With new President Javier Miele at the helm, we tackle the nation's inflation crisis head-on. Our discourse, laced with humor yet grounded in reality, explores the vibrant culture and fiscal challenges that define Argentina today. Beyond the whimsy of gravity-defying showers, we delve into Miele's libertarian strategies aimed at rejuvenating the economy, painting a vivid portrait of a country on the brink of transformative change.Hayekian currencies emerge as the star of this episode, promising a monetary revolution for Argentina's financial landscape. As President Miele unravels the complexities of introducing these tailored currencies, we consider the transformative potential of such economic innovation, made possible through judicious regulation and local entrepreneurial spirit. Imagine a currency that adapts to your lifestyle, defies inflation, and redefines commerce; this is the future we discuss with excitement and a touch of skepticism, probing the promise and pitfalls of these personalized economic tools.We conclude with a candid discussion on the heavyweights of economics—the central banks—and their pervasive influence on our pockets and policies. From the Cantillon Effect to the Federal Reserve's profit margins, you'll get an insider look at the mechanics of money and its far-reaching effects on both economies and individuals. As we navigate the controversial terrains of Bitcoin ETFs and the environmental footprint of cryptocurrencies, we contemplate the merits of Hayekian currencies as a possible antidote to the volatility of inflation. Join us for this thought-provoking journey through the world of currency, where humor meets economic theory, and where the future of Argentina's economy could set a global precedent.Help these new solutions spread by ... Subscribing wherever you listen to podcasts Leaving a 5-star review Sharing your favorite solution with your friends and network (this makes a BIG difference) Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.Email: solutionsfromthemultiverse@gmail.comAdam: @ajbraus - braus@hey.comScot: @scotmaupinadambraus.com (Link to Adam's projects and books)The Perfect Show (Scot's solo podcast)The Numey (inflation-free currency) Thanks to Jonah Burns for the SFM music.

In this episode, Germinal argues that inflation is not a necessary condition to stimulate economic growth because the growth of an economy is not based on an increase in the price of goods and services but on an increase in their quantity. Inflation is the result of a mismatch between price and quantity engineered by governments and central banks. Germinal argues that central banks approach economic growth the wrong way, as they try to stimulate aggregate demand by expansionary monetary policy while economic growth should be stimulated from the supply-side, because demand affects prices but not quantity while supply affects quantity and quantity affects prices since the total quantity of goods and services are what affect prices, and not the other way around. Germinal maintained that inflation, rather than being an asset to economic growth as central bankers want to make people believe, is a hindrance to growth because in addition to reducing the purchasing power of consumers, it also generated the uneven distirbution of wealth through the Cantillon Effect.

In this episode with Robert Breedlove and Shawn Baker, we discuss the relationship between beef and Bitcoin, why inflation is theft, the radical change in a technological paradigm, and the global adoption of Bitcoin. // HOST // Youtube: https://www.youtube.com/@DrShawnBakerPodcastWebsite: https://www.carnivore.diet/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Mind Lab Pro: https://mindlabpro.com/breedloveCrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:28 - Intro 00:02:01 - Helping Lightning Startups with In Wolf's Clothing 00:02:48 - Introduction and Robert's Background 00:04:40 - Bitcoin Enlightenment, Central Banking Monopoly, and Historical Currency Manipulation 00:11:49 - Absolute Power Corrupts Absolutely 00:15:20 - The Problem with Gold, The Nixon Shock 00:19:25 - How the US Went from Gold to Fiat Standard 00:22:55 - Why Inflation is Theft and What's Backing the Dollar Today 00:29:40 - The Importance of Studying Money 00:31:20 - Run Your Business from Anywhere with NetSuite 00:32:25 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:33:22 - How Many People Are Into Bitcoin 00:36:46 - Bitcoin and the Cantillon Effect 00:40:55 - Global Adoption of Bitcoin 00:45:32 - How Bitcoin Price is Going to Accelerate 00:50:30 - Bitcoin vs. Crypto Currencies 00:53:32 - Can Black Rock and Central Banks Corrupt Bitcoin? 00:56:55 - Enhance Your Brain Power with Mind Lab Pro 00:58:02 - Take Control of Your Healthcare with CrowdHealth 00:59:03 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:59:55 - Radical Change in a Technological Paradigm 01:03:20 - Smooth Transition vs. Chaotic Transition 01:06:00 - How Bitcoin Disincentives Warfare 01:08:33 - Bitcoin Banking System 01:11:10 - The Relationship Between Beef and Bitcoin 01:15:05 - When Should You Spent Your Bitcoin 01:17:50 - Where to Find Robert on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

Bitcoin & Markets: Macro, money, geopolitics and news LIKE AND COMMENT!! In this live stream replay, I discuss the current global financial system and why it's doomed to failure. I use a Robert Breedlove tweet as a jumping off point, to discuss government debt and Federal Reserve balance sheet's role in printing money. It is a preshow that happens over on Telegram so check that out if you want to join the community. Enjoy. Links Breedlove tweet Thanks for listening. If you are reading this, hit the like and subscribe button in your podcast app or on Youtube or Rumble!  Links Full write up and charts https://bitcoinandmarkets.com/e378 YouTube: https://www.youtube.com/@btcmarketupdate Rumble: https://rumble.com/c/BTCandMarkets Twitter https://twitter.com/AnselLindner Telegram https://t.me/bitcoinandmarkets FREE weekly newsletter https://tinyurl.com/2chhbnff Value 4 Value: Fountain app: https://www.fountain.fm/show/vDnNMS9zY6Ab2ZAMsMJ2 Strike: https://strike.me/ansellindner Cash App: https://cash.app/$AnselLindner --- Disclaimer: The content of Bitcoin & Markets shall not be construed as tax, legal or financial advice. Do you own research. https://bitcoinandmarkets.com/disclaimer/ #bitcoin #macro #geopolitics

In deze aflevering bespreken we het verschil tussen geld en valuta en de relatie met Bitcoin. We bespreken de definities van geld en valuta en de belangrijkste functies van geld. Voldoet de Euro aan deze functies? Welke invloed heeft het uitbreiden van de hoeveelheid Euro op de economie en onze handelingen en de marktwerking? We komen weer eens terecht in een filosofische discussie terecht: Hoe zou de wereld en ons consumptiegedrag uitzien als we in een Bitcoin standaard zouden leven?Extra aantekeningen/links uit deze aflevering:Definitie Geld ECBDefinitie Valuta Van DalenCantillon Effect❓Vragen - Stuur ons een bericht via Instagram of X of kom in de EENENTWINTIG telegram groep.

In today's video, I show you the destructive impact of the Cantillon Effect on the US dollar and Treasury bonds, and why investing in gold is your solution. Uncover the hidden forces that perpetuate wealth inequality and erode purchasing power. --- Support this podcast: https://podcasters.spotify.com/pod/show/goldsilverpros/support

An economy essentially based on debt is not a sustainable system. Prior to the repeal of the gold standard and the commodity-based system, the creation of wealth was rather real than artificial. The major benefit of a commodity-based economy is that it prevented central banks from easily manipulating interest rates and governments from overspending and creating deficits. Inflation was generally low and interest rates were rather determined by market forces than central banks. Repealing the commodity-based system gave much leeway to political institutions to have much more control over the economy. Once the gold standard was repealed, the economy was no longer backed by a real tangible commodity but by "the full faith and credit" of the government. The value of money was then created by lowering interest rates to increase borrowing in order to create more debt and the more debt created was encouraged to stimulate economic growth through spending. The problem with the credit-based system is that it paved the way to high inflation, currency depreciation and speculative bubbles. Thus, the credit-based system enhances the Cantillon Effect, which is essentially the root cause of income and wealth inequality in a credit-based economy.

"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is required. They are the alchemists of our era. The Central Banks' promise of stable prices is as absurd as the alchemists' promise of cheap gold. The whole point of a value- measurement tool, or a type of money, is in its costliness. It has to somehow connect to reality because of the subjective nature of value. Money created without cost is like fools' gold.2 It enriches the issuer and his friends while everyone else pays for the whole ordeal. This is also known as the Cantillon Effect." - Knut Svnaholm The Konsensus Network - https://bitcoinbook.shop/ Ioni's Videos - Youtube Channel Knut's other amazing books - Amazon Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------------------ “Individual liberty… demonstrates that some manners of living are more successful than others.” — F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices

"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is required. They are the alchemists of our era. The Central Banks' promise of stable prices is as absurd as the alchemists' promise of cheap gold. The whole point of a value- measurement tool, or a type of money, is in its costliness. It has to somehow connect to reality because of the subjective nature of value. Money created without cost is like fools' gold.2 It enriches the issuer and his friends while everyone else pays for the whole ordeal. This is also known as the Cantillon Effect." - Knut Svnaholm The Konsensus Network - https://bitcoinbook.shop/ Ioni's Videos - Youtube Channel Knut's other amazing books - Amazon Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------------------ “Individual liberty… demonstrates that some manners of living are more successful than others.” — F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

What happened at SVB? Is our banking system in crisis? What are we to make of our economy? Ajay Shah and Mohit Satynanand join Amit Varma in episode 323 of The Seen and the Unseen to tackle these complicated questions and more. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Ajay Shah (Twitter, Substack) and Mohit Satyanand (Twitter, Substack). 2. Episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3, 4, 5, 6, 7, 8, 9. 3. Episodes of The Seen and the Unseen with Mohit Satyanand: 1, 2, 3, 4, 5. 4.  Ajay Shah on currencies and crypto (1, 2, 3), an RBI misstep, the third globalisation, NBFCs and banks (1, 2), digital payments, the resolution corporation (1, 2), interest rate mismatch, voting in the MPC, the importance of low and stable inflation and the mispricing of risks. 5. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 6. The State of Our Economy -- Episode 252 of The Seen and the Unseen (w Puja Mehra and Mohit Satyanand). 7. The Importance of Finance -- Episode 125 of The Seen and the Unseen (w Ajay Shah). 8. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 9. In Service of the Republic — Vijay Kelkar & Ajay Shah. 10. Josh Felman Tries to Make Sense of the World -- Episode 321 of The Seen and the Unseen. 11. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 12. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 13. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 14. The Long Road From Neeyat to Neeti — Episode 313 of The Seen and the Unseen (w Pranay Kotasthane and Raghu S Jaitley). 15. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 16. Premature Imitation and India's Flailing State — Shruti Rajagopalan & Alexander Tabarrok. 17. Public Opinion — Walter Lippman. 18. The World Outside and the Pictures in our Heads — Walter Lippman. 19. Watching the Wheels -- John Lennon. (Amit also loves Chris Cornell's version.) 20. You're Missing — Bruce Springsteen. 21. The End of Silicon Valley (Bank) -- Ben Thompson on Stratechery. 22. This Banking Crisis Won't Wreck the Economy -- Tyler Cowen. 23. SVB Took the Wrong Risks -- Matt Levine. 24. Lombard Street: A Description of the Money Market -- Walter Bagehot. 25. Moral Hazard and the Cantillon Effect. 26. Beware of the Useful Idiots — Amit Varma. 27. The Use of Knowledge in Society — Friedrich Hayek. 28. Austrian Economics: An Introduction -- Steven Horwitz. 29. Friedrich Hayek: The ideas and influence of the libertarian economist -- Eamonn Butler. 30.The End of History? — Francis Fukuyama's essay. 31. The End of History and the Last Man — Francis Fukuyama's book. 32. Chip War: The Fight for the World's Most Critical Technology -- Chris Miller. 33. The Double ‘Thank-You' Moment — John Stossel. 34. Why Pramila Devi Uses Her Chappals Sparingly -- Sayantan Bera. 35. Where Are the Customers' Yachts? -- Fred Schwed Jr. 36. South India Would Like to Have a Word — Episode 320 of The Seen and the Unseen (w Nilakantan RS). 37. Jimi Hendrix on YouTube Music, Spotify and Wikipedia. 38. Neil Young on YouTube Music, Spotify and Wikipedia. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘The Madness of Money' by Simahina.

Boyle is confused by Chinese international film students and then get's stuck into a little thing called The Cantillon Effect. Instagram - https://www.instagram.com/imquittingalcohol/ Facebook  - https://www.facebook.com/BoyleComedy and sling me some cashola here. Patreon     - https://www.patreon.com/boylecomedy

Special Guest David Simpson Today is Saint David of Whales feast day. War of the Worlds on Epix The Holy Ghost has warned us about a lot. In the 1950's and 60's Phillip K Dick wrote about what we are seeing now. No one knew about the submarine until 20,000 leagues under the sea was written. From science fiction to science fact. If they can randomly hand out fake money for the loan and then hand out fake money to forgive the loan how can anyone say what is going to happen to the market. ANY market! HEADLINE: Mortgage demand from homebuyers drops to a 28-year low by Diana Olick  Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 44% lower than the same week one year ago, and is now sitting at a 28-year low. Mortgage rates have moved 50 basis points higher in just the past month. Last February, rates were in the 4% range. If the Federal Government can't loan money anymore for Student Loans, the local bank has to right? So where does the bank get the money to loan said student? Why don't we get a mortgage holiday or it being forgiven b/c the same Federal Gov gave the bank the money for my mortgage too?!!!!! Why just forgive student loans? Trying to get a loan for his son to buy a truck and asked about the interest rate and the local bank told him the BEST he could do is 12-16% interest.  So he told the teller, okay I have about $50,000 in that bank right now, get you a Kroger bag b/c I'm coming to get it in an hour and he did! He grabbed every cent he had w/ that bank. That is how we should ALL be acting that way w/ our local banks. Is this a Federal Reserve thing? Yes all banks are members of the FDIC. Is there some side step out of this Federal Reserve stuff? Can we make our own bank? Stay constant and steady -  When you give up the TV for Lent you realize you have 3 hours in the afternoon that you just don't have anything to do! Maggie has read 4 books this Lent already! HEADLINE: Going For Gold by Jacob Imam  Because fiat currency is not based in the natural order, it causes the people who use it to suffer. The ability to print money as “needed” may be a boon to business, but in actual fact, most of the money printed is gobbled up by the banks. “The Cantillon Effect” describes the fact that the chief beneficiaries of the expansion of the money supply are the first recipients of the new money (usually the banks): they are able to spend the funds before they have caused prices to increase. Those next receiving the money (other major corporations jumping on the new lines of credit) face a small increase in price levels, and so on. The last recipients of the new money (the poor and the middle-class) face the greatest inflation in prices with the proportionally few dollars that trickle down to them.  In short, by printing and distributing money through specific corporate channels, central authorities have not only diminished the value of the common man's savings but have drastically increased the wealth-gap between those associated with the state and those who are not. This was dramatically seen during the COVID-19 crisis when, between March 2020 and April 2021, the base monetary supply in the US increased by 29.9% and US billionaire wealth increased by 61.9%. Likewise, the top five Wall Street banks—JP Morgan Chase & Co, Goldman Sachs, Bank of America, Morgan Stanley, and Citigroup—earned an additional $51 billion that year compared with the year previous.

There are many who say they can "fix" the problem. Problem is that this is irreversible. https://www.marketwatch.com/story/sup... https://www.frbsf.org/economic-resear... uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Jason Hartman welcomes back Harry Dent, New York Times Bestselling author, financial writer and one of the most outspoken financial editors in America, to discuss his new book ZERO HOUR and hear his thoughts on the stock market, crypto, demographics and the current economic climate. We have the most perverted economy in history with money being injected into the financial markets creating a bubble in stocks and financial assets which favors the rich and leaves ordinary people behind and exacerbates income inequality. Are we at the peak of this artificial stock bubble? Harry Dent answers this and much more and goes into detail about why we NEED recessions! Key Takeaways: 0:00 Welcome Harry Dent, bestselling author and financial writer 2:11 Most perverted economy in history 3:54 Is the artificial stock bubble peaking? 5:13 Greatest debt bubble in history 7:51 Imminent stock market crash 10:22 Harry's take on cryptocurrencies 13:18 Generational demographics and government policies 18:39 Why we need recessions 21:33 When is the next crash? 22:05 Once in a lifetime peak of a major stock market bubble 24:18 S&P 500 about to fall apart 27:25 Is gold a safe haven? What about bonds? Real estate? 27:57 Peter Schiff and deflation 33:59 $540 trillion in financial assets globally 37:47 The Cantillon Effect - the rich are getting richer 39:04 Most critical time in your lifetime for financial markets 40:30 Learn more at HarryDent.com 41:32 Real estate bubble?   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason Hartman welcomes back Harry Dent, New York Times Bestselling author, financial writer and one of the most outspoken financial editors in America, to discuss his new book ZERO HOUR and hear his thoughts on the stock market, crypto, demographics and the current economic climate. We have the most perverted economy in history with money being injected into the financial markets creating a bubble in stocks and financial assets which favors the rich and leaves ordinary people behind and exacerbates income inequality. Are we at the peak of this artificial stock bubble? Harry Dent answers this and much more and goes into detail about why we NEED recessions! Key Takeaways: 0:00 Welcome Harry Dent, bestselling author and financial writer 2:25 Most perverted economy in history 4:08 Is the artificial stock bubble peaking? 5:27 Greatest debt bubble in history  8:05 Imminent stock market crash 10:36 Harry's take on cryptocurrencies 13:32 Generational demographics and government policies 18:53 Why we need recessions 21:47 When is the next crash? 22:19 Once in a lifetime peak of a major stock market bubble 24:32 S&P 500 about to fall apart 27:39 Is gold a safe haven? What about bonds? Real estate? 28:11 Peter Schiff and deflation 34:13 $540 trillion in financial assets globally 38:01 The Cantillon Effect - the rich are getting richer 39:18 Most critical time in your lifetime for financial markets 40:44 Learn more at HarryDent.com 41:46 Real estate bubble?   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason Hartman welcomes back Harry Dent, New York Times Bestselling author, financial writer and one of the most outspoken financial editors in America, to discuss his new book ZERO HOUR and hear his thoughts on the stock market, crypto, demographics and the current economic climate. We have the most perverted economy in history with money being injected into the financial markets creating a bubble in stocks and financial assets which favors the rich and leaves ordinary people behind and exacerbates income inequality. Are we at the peak of this artificial stock bubble? Harry Dent answers this and much more and goes into detail about why we NEED recessions! Key Takeaways: 0:00 Welcome Harry Dent, bestselling author and financial writer 2:11 Most perverted economy in history 3:54 Is the artificial stock bubble peaking? 5:13 Greatest debt bubble in history 7:51 Imminent stock market crash 10:22 Harry's take on cryptocurrencies 13:18 Generational demographics and government policies 18:39 Why we need recessions 21:33 When is the next crash? 22:05 Once in a lifetime peak of a major stock market bubble 24:18 S&P 500 about to fall apart 27:25 Is gold a safe haven? What about bonds? Real estate? 27:57 Peter Schiff and deflation 33:59 $540 trillion in financial assets globally 37:47 The Cantillon Effect - the rich are getting richer 39:04 Most critical time in your lifetime for financial markets 40:30 Learn more at HarryDent.com 41:32 Real estate bubble?   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Is this your favorite retirement planning podcast? It sure is mine! Now, if you have a moment, please give me a five-star review. It'll help me get found by other smart folks and it'll make you feel good! So our president claimed zero inflation for July. Here's where you can see the clip: https://www.yahoo.com/now/biden-says-zero-inflation-july-160404223.html (https://www.yahoo.com/now/biden-says-zero-inflation-july-160404223.html) Here's the dumb Slate article defending the old man: https://slate.com/business/2022/08/biden-zero-inflation-republicans-economy.html (https://slate.com/business/2022/08/biden-zero-inflation-republicans-economy.html) Here's my Rogue Retirement Lounge Episode talking about your REAL rate of inflation: https://www.rogueretirementlounge.com/what-is-the-real-inflation-rate-how-will-it-affect-your-retirement/ (https://www.rogueretirementlounge.com/what-is-the-real-inflation-rate-how-will-it-affect-your-retirement/) Remember, go to http://www.rogueretirementlounge.com/crypto (www.rogueretirementlounge.com/crypto) to sign up for your own Blockfi account. You'll get up to a $250 crypto bonus and you'll be on the best exchange out there. AND you'll be able to earn interest on your crypto. And, you'll be supporting this show, as I'm a Blockfi affiliate! If you have a question you'd like me to answer on the podcast, email me at matt@rogueretirementlounge.com Check out more episodes at my https://www.rogueretirementlounge.com/ (retirement planning podcast) website: https://www.rogueretirementlounge.com/ (https://www.rogueretirementlounge.com/) Follow me on twitter! https://twitter.com/LoungeRogue (https://twitter.com/LoungeRogue) Follow me on Instagram! https://www.instagram.com/lairdgrainger/ (https://www.instagram.com/lairdgrainger/)

Headlines this week include the latest CPI print, dropping unemployment and the White House's victory lap, skyrocketing consumer credit, the passing of the Inflation Reduction Act in the US Senate and criticism around the expansion of the IRS, Bitcoin miners forced to sell, Blackrock partnering with Coinbase, the Solana and Nomad hacks, the sanctioning of Tornado Cash by the US Treasury in connection to North Korean money laundering, and Lyn Alden's latest, in depth-article on the Lightning Network Read Lyn's Article here: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ This week's guest commentator is Hailey Lennon, Partner at Anderson Kill Law.. For this week's Hard Money Report we take a deeper look at hypocrisy among government elites and how Bitcoin will create a new incentive structure with more accountability. Chapters: 00:00:00 “Hard Money” Intro 00:00:35 CPI, Jobs Report & the Inflation Reduction act 00:04:29 Bitcoin Headlines, BlackRock, Lyn Alden Lightning Article & More 00:08:51 Hailey Lennon Interview, Crypto Regulation & Law 00:17:59 Explaining the "Cantillon Effect" 00:24:12 Andy Edstrom Weekly Macro! 00:28:13 “Hard Money” Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://www.pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://www.swanbitcoin.com/?utm_source=YouTube&utm_campaign=yt_description Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://www.swanbitcoin.com/private/ Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Inflation hits the poor the worst. However, the fight against inflation will be painful for the lowest wage earners. https://www.nytimes.com/2022/08/08/bu... https://mises.org/library/essay-econo... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

It's not a matter of if, but when a nation falls into poverty. An overabundance of money leads to luxuries and ends in poverty. chapter 8 https://cdn.mises.org/An%20Essay%20on... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Jason Hartman welcomes Simon Caron, the Uneducated Economist, who quite frankly, is a lot more educated than many economists out there! With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies. UneducatedEconomist.com "Welcome to the Uneducated Economist, the place where street level thoughts and conversations take place covering all things macroeconomics. I have never taken an economics course, nor was I raised with that being a common topic of discussion. When the great financial crisis hit in 2007, I found myself very confused by the collapse of the economy. What started off as curiosity, grew to a hobby, and has now become an obsession. Studying the economy, the cause and effects of monetary and fiscal policy is difficult to understand - to say the least. As The Uneducated Economist I take complex economic issues and break them down so anyone can understand and have a conversation about." Key Takeaways: 1:00 Welcome Simon Caron, the Uneducated Economist - the logistical nightmare behind the current lumber shortage 5:00 Builders need to order supplies before they even have a permit which puts the cart before the horse 6:08 If building material costs keep going up, how can home prices stabilize? 8:35 Widening gap between housing starts and housing completions 10:43 Windows are to houses as semiconductor chips are to automotives 12:35 Simon Caron explains the Cantillon Effect 15:24 The Cantillon Effect leads to wealth transfer and poverty 17:50 How will this building and construction issue play out over the next 1-2 years? 20:33 The Fed has lost control over inflation 23:12 California's supply chain problems and shortages 23:54 Decline in the standard of living 27:33 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies 30:23 Moving away from the Dollar as a reserve currency 31:29 The good, the bad, and the ugly about central bank digital currencies 33:06 Central bank digital currencies and universal basic income are inextricably connected 35:21 It's become burdensome to use cash 38:08 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Jason Hartman welcomes Simon Caron, the Uneducated Economist, who quite frankly, is a lot more educated than many economists out there! With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies. UneducatedEconomist.com "Welcome to the Uneducated Economist, the place where street level thoughts and conversations take place covering all things macroeconomics. I have never taken an economics course, nor was I raised with that being a common topic of discussion. When the great financial crisis hit in 2007, I found myself very confused by the collapse of the economy. What started off as curiosity, grew to a hobby, and has now become an obsession. Studying the economy, the cause and effects of monetary and fiscal policy is difficult to understand - to say the least. As The Uneducated Economist I take complex economic issues and break them down so anyone can understand and have a conversation about." Key Takeaways: 0:29 Welcome Simon Caron, the Uneducated Economist - the logistical nightmare behind the current lumber shortage 4:29 Builders need to order supplies before they even have a permit which puts the cart before the horse 5:37 If building material costs keep going up, how can home prices stabilize? 8:04 Widening gap between housing starts and housing completions 10:12 Windows are to houses as semiconductor chips are to automotives 12:04 Simon Caron explains the Cantillon Effect 14:53 The Cantillon Effect leads to wealth transfer and poverty 17:19 How will this building and construction issue play out over the next 1-2 years? 20:02 The Fed has lost control over inflation 22:41 California's supply chain problems and shortages and the decline in the standard of living 27:02 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies 29:52 Moving away from the Dollar as a reserve currency 30:58 The good, the bad, and the ugly about central bank digital currencies 32:35 Central bank digital currencies and universal basic income are inextricably connected 34:50 It's become burdensome to use cash 37:37 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

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"Everyone should have an intense interest in what money is and how it's manipulated by the few at the expense of the many. Money is crucial for survival. It is necessary for maintaining a free society. A healthy economy depends on it. Limiting political power is impossible without it. Sound money is essential for preventing unnecessary wars. Prosperity and peace in the long run are impossible without it."   Welcome back to another episode of Made You Think! In this episode, Nat and Neil are joined by their official new co-host, Adil Majid! In today's episode, they discuss their key takeaways from End the Fed by Ron Paul, a book which explains the fundamental problems with fiat money and provides a history on banking in the US. If you've never challenged the role of the Federal Reserve, this is an episode you won't want to miss. We cover a wide range of topics including: • Currency vs. money; How are they different? • The shift in power from countries to companies • Money printing, inflation, and the fate of the US dollar • The Cantillon Effect, and who benefits the most from this • Why utility is important in the longevity of currency And much more. Please enjoy, and make sure to follow Nat, Neil, and Adil on Twitter and share your thoughts on the episode.   Links from the Episode: Mentioned in the show: Great Books Program (2:11) Growth Machine (8:22) Audit the Fed, Sanders and Paul (10:04) Taylor Pearson - Cryptocurency and the Turkey Problem (12:28) Luna (19:45) Tether (20:08) Nat's Tokenomics 101 (22:35)  Nat's Tokenomics 102 (22:35)  Starlink (26:46) The Tim Dillon Show (29:16) Reagan tells Soviet jokes (35:04) Flexport (36:50) Bank of North America (39:18) First Bank of the United States (39:23) Second Bank of the United States (39:24) Independent Treasury System (39:27) Jekyll Island (48:14) Cantillon Effect (49:45) Fiat money (54:28) 40% of US dollars in existence were printed in the last 12 months (59:15) Iron (1:00:12) DAI Stablecoin (1:01:11) Russia's "Gold Standard" (1:05:06) Ruble as Year's Best-Performing Currency (1:05:10) Books Mentioned: End the Fed The Revolt of the Public (1:40) The Iliad (2:20) The Odyssey (2:21) Gödel, Escher, Bach (7:23) (Book Episode) (Nat's Book Notes) Principles for Dealing with the Changing World Order (23:08) People Mentioned: Tommy Collison (2:12) Aristotle (3:29) Seneca (3:30) (Book Episode) Douglas Hofstadter (7:21)  Bernie Sanders (10:00) Ben Bernanke (10:24) Tim Dillon (29:16) Warren Buffet (32:33) Show Topics: 0:32 We're stoked to announce that Adil Majid (who has joined us for episodes #7, #33, #34, #35, #71, #74, #75) is officially a co-host of Made You Think! Nat, Neil, and Adil talk about what's next for the podcast, and share the Great Books list that will be used to guide their book choices on future episodes. 4:01 Why some books have lasted so long, and why there are very few good philosophy books that have come out in the modern world. These old books were written over a long period of time, covering a wider span of history as compared to books written today. 8:32 The book we're discussing today is End the Fed by Ron Paul. One idea brought up in the book is auditing the Fed to see what exactly it is that the Fed is doing and where the money is going. We use the terms money and currency interchangeably but conceptually they're different things. The U.S. dollar is not money, it is currency. 15:34 Paul makes a case that there should be a free market of currencies, and people should create currencies that compete with the dollar. This ties in well with cryptocurrency where there are numerous coins, all with different rules and tokenomics for each currency. Historically, it hasn't always worked this way. 19:00 Creating stablecoins in crypto, they fail when they don't have a clear and necessary utility. Many projects will create new stable coins pegged to the dollar, but unless there's a specific market where that coin has utility, it falls out of circulation. 23:49 One interesting change that we're living through is the shift of power from countries to companies. Because many of the big and powerful companies are in the US and tied to the US dollar, the dollar retains it value and utility. 27:19 The era that we grow up seems to play a role in how we view and trust the government, as well as our support level of major wars. When things feel the best is when the down trend begins. Likewise, the uptick begins when things are at their worst. 32:54 With a pessimistic attitude, we have to remember how resilient countries are. We also don't have to solely rely on the government to fix the slump that we're in, there are companies that can fix some of these issues we're facing. 38:22 What is the Fed, and what systems were there before it? There were 4 systems before: Bank of North America , First Bank of the United States, Second Bank of the United States, and the US Independent Treasury System. Adil gives a brief history of these systems and how it has led to where we are today. 45:13 When you think about different sectors of crypto, sound money is underrated in the US. Gold for example, Neil shares the significance of investing in gold in Indian culture. Rising inflation rates in the US. 48:14 Jekyll Island and the Cantillon effect. Whoever is closest to the money printer benefits the most. Some people are effected more than others by inflation. How banks benefit from inflation. 54:28 Funding war with Fiat vs. hard money. Once we had the ability to print unlimited amounts of money to fund war, we didn't have to stop due to the economic cost of continuing as we may have had to before. 57:50 We keep having to print more and more money to get out of each economic downturn, and Paul predicts that at one point there will not be any amount of money to get us out, potentially leading to the collapse of the US dollar. What happens if or when we get to this point? 1:04:30 Hypothetically speaking, is there a way for the Fed to transition to having backing for the dollar? Does it have to collapse, and where are we in the current collapse? 1:08:54 Consumer debt crisis- if that all starts to collapse and unwind, the effects of that could be pretty devastating. Parallel economies. 1:11:43 Thanks for listening! Next episode, we will be covering The Revolt of the Public, so be sure to pick up a copy before our next episode! If you enjoyed this episode, let us know by leaving a review on iTunes and tell a friend. As always, let us know if you have any book recommendations! You can say hi to us on Twitter @TheRealNeilS, @adilmajid, @nateliason and share your thoughts on this episode. You can now support Made You Think using the Value-for-Value feature of Podcasting 2.0. This means you can directly tip the co-hosts in BTC with minimal transaction fees. To get started, simply download a podcast app (like Fountain or Breez) that supports Value-for-Value and send some BTC to your in-app wallet. You can then use that to support shows who have opted-in, including Made You Think! We'll be going with this direct support model moving forward, rather than ads. Thanks for listening. See you next time!

Jason Hartman welcomes Simon Caron, the Uneducated Economist, who quite frankly, is a lot more educated than many economists out there! With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies. UneducatedEconomist.com "Welcome to the Uneducated Economist, the place where street level thoughts and conversations take place covering all things macroeconomics. I have never taken an economics course, nor was I raised with that being a common topic of discussion. When the great financial crisis hit in 2007, I found myself very confused by the collapse of the economy. What started off as curiosity, grew to a hobby, and has now become an obsession. Studying the economy, the cause and effects of monetary and fiscal policy is difficult to understand - to say the least. As The Uneducated Economist I take complex economic issues and break them down so anyone can understand and have a conversation about." Watch the video HERE. 0:45 Welcome Simon Caron, the Uneducated Economist - the logistical nightmare behind the current lumber shortage 4:46 Builders need to order supplies before they even have a permit which puts the cart before the horse 5:54 If building material costs keep going up, how can home prices stabilize? 8:21 Widening gap between housing starts and housing completions 10:29 Windows are to houses as semiconductor chips are to automotives 12:21 Simon Caron explains the Cantillon Effect 15:10 The Cantillon Effect leads to wealth transfer and poverty 17:36 How will this building and construction issue play out over the next 1-2 years? 20:19 The Fed has lost control over inflation 22:58 California's supply chain problems and shortages 23:40 Decline in the standard of living 27:19 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies 30:09 Moving away from the Dollar as a reserve currency 31:15 The good, the bad, and the ugly about central bank digital currencies 32:52 Central bank digital currencies and universal basic income are inextricably connected 35:07 It's become burdensome to use cash 37:54 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/   Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals   Free Report on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee   Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ…   Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

Record imports are surging and the effects will be devastating. https://www.wsj.com/articles/surge-in... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

0:00 Intro 1:22 Federal Reserve hikes rates 50 basis points 5:50 Markets move based on expectations 8:30 Few people control the whole market 10:50 Fed Dual Mandate: Price Stability and Full Employment 12:45 Fed didn't foresee inflation, but uses the same tools to fight inflation 14:30 You cannot create more wealth by printing money 17:00 Cantillon Effect 19:00 European Central Bank focusing on ESG while it's not a mandate 23:00 ESG a vehicle of Control?

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As Russia's war on Ukraine rages on, Jason Hartman investigates the potential economic aftermath of this crisis on the financial markets and what it means for ordinary citizens. The Federal Reserve's Jerome Powell said that the Ukraine war is creating risk of even higher inflation, but that sounds like a scapegoat, an excuse for his own loose money policies and so called “transitory” inflation. Russia is one of the world's top energy producers, so of course we're seeing pain at the gas pump, with gas prices reaching almost $7/gallon in California and soaring all across the nation.  Jason's interview with Harry Dent continues as he makes his case for an imminent stock market crash, recommends getting out of risky assets, protecting yourself and preparing yourself for the buying opportunity the lifetime once the smoke clears.  Key Takeaways: Jason's editorial - Welcome to our listeners from 189 countries worldwide - Are we on the verge of WWIII? - The Federal Reserve's Jerome Powell using war in Ukraine as a scapegoat - The war machine destroys, then recreates demand - Venezuela is pushing to lift US sanctions - Gas is $7/gallon in California - Wheat prices driven to near record levels - Russian and Belarusian corporate bond plummet 70% - Jason's Packaged Commodity Investing strategy - Jason's Ten Commandments of Investing - Technology changes our perception of value - Fear of global recession  - Interview with Peter Zeihan, Geopolitical Strategist - Contest announcement  Harry Dent Interview - Once in a lifetime peak of a major stock market bubble  - S&P 500 about to fall apart - Is gold a safe haven? What about bonds? - Peter Schiff and deflation  - $540 trillion in financial assets globally - The Cantillon Effect - the rich are getting richer  - Learn more at HarryDent.com  - Real estate bubble?  Mentions: HarryDent.com  Jason's Ten Commandments of Investing: https://youtu.be/2p0S4UWIIbI Jason's Interview with Peter Zeihan: https://youtu.be/bSj3oPo-IQE   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee  

Today Jason talks about art, love and the peak of human civilization and how things have been downhill ever since 1990! He also shows you how amazing income property is through the concept of "Share of Income." And welcome back Simon Caron, the Uneducated Economist, as he and Jason finish their talk about economics and the housing market, it's many facets and troubles!  With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies. Key Takeaways: Jason's editorial 1:03 Feedback on Jason's expose' - or rant! 3:48 Give give give 6:00 The most powerful forms of art 8:29 Love- it's a marketplace just like real estate 12:23 Energy, sperm, plastics and channeling your sexual energy 15:40 Share of income Simon Caron, the uneducated economist 19:54 Opinion about the supply chain 21:31 Simon explains the Cantillon Effect 24:20 The Cantillon Effect leads to wealth transfer and poverty 26:46 How will this building and construction issue play out over the next 1-2 years? 29:29 The Fed has lost control over inflation 32:08 California's supply chain problems and shortages 36:29 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies 39:19 Moving away from the Dollar as a reserve currency 40:25 The good, the bad, and the ugly about central bank digital currencies 42:02 Central bank digital currencies and universal basic income are inextricably connected 44:17 It's become burdensome to use cash 47:04 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com   Mentioned:  Think and Grow Rich by Napoleon Hill Tweetables:  Fashion is a catalyst for attraction- Jason Hartman     The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee

Today Jason talks about the impending Russian and Ukraine conflict, why the government wants to keep us single, the US Debt Clock, inflation induced debt destruction and the Hartman Comparison index!  And welcome Simon Caron, the Uneducated Economist, who quite frankly, is a lot more educated than many economists out there! With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies. Key Takeaways: Jason's Editorial 1:30 Happy Valentines day to all... or NOT! Cultural Marxism is here 2:18 We may be on the verge of world war 3 5:48 They want us to be single!  8:44 The evolutionary perspective; sowing the seeds of separateness 14:16 The disgusting Super Bowl half time show 15:31 The debt clock USDebtClock.org and impossible math 25:47 Align your interests with the government and central bank 26:20 Free white paper on the Hartman Comparison Index™  Interview with Simon Caron 29:20 Welcome Simon Caron, the Uneducated Economist 33:20 Builders need to order supplies before they even have a permit which puts the cart before the horse 34:28 If building material costs keep going up, how can home prices stabilize? 36:27 Widening gap between housing starts and housing completions 38:35 Windows are to houses as semiconductor chips are to automotives Watch the video at Jason's YouTube channel HERE. Tweetables: "Cultural Marxism is in conflict with our happiness" - Jason Hartman “I do not know with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein Mentions: UneducatedEconomist.com USDebtClock.org    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee

Property and Freedom Podcast, Episode 052. This lecture is from the 2010 meeting of the Property and Freedom Society: “The Cantillon Effect: How to Enrich Yourself at Others' Expense Without Anyone Noticing It,” by Olivier Richard (Switzerland). PFS 2010 Playlist. Youtube:

Property and Freedom Podcast, Episode 052. This lecture is from the 2010 meeting of the Property and Freedom Society: “The Cantillon Effect: How to Enrich Yourself at Others' Expense Without Anyone Noticing It,” by Olivier Richard (Switzerland). PFS 2010 Playlist. Youtube:

Register for the VIRTUAL LIVE Creating Wealth conference on January 28 and 29, 2022.Visit JasonHartman.com today! Here's part 2 of Jason's speech at George Gammon's Rebel Capitalist Live conference that took place in Houston last Jan 7-9, 2022. Jason covers what the government is doing in our economy and how we can align ourselves to profit even more this year! He also gives a few predictions and how we can use these forecasts for our benefit. To see the charts Jason talks about in the video, pls go to his YouTube channel HERE or download your copy of the Hartman Comparison Index at HartmanIndex.com You can also watch the video "How to analyze a real estate investment and read a pro forma" at JasonHartman.com Key Takeaways: 1:38 Register for the Creating Wealth Virtual LIVE conference 4:01 We're in good hands! NOT! 7:23 Cantillon effect, crisis and opportunity 9:29 If you can't beat 'em, join 'em by using Inflation Induced Debt Destruction 10:56 Predictions 14:35 Your tenants work for you! 17:41 Mortgage rates- lowest they've been in history, but it will rise 21:04 Inflation Induced Debt Destruction 22:32 HCI and the tale of 3 Markets 27:12 We care about the payment, not the price 30:54 Protect your freedom   Tweetables: Socialism is trickle up poverty-  John Mackey   Websites: Twitter.com/NancyTracker PropertyTracker.com JasonHartman.com Mentions: Debt: The First 5,000 Years by David Graeber A Random Walk Down Wall Street by Burton Gordon Malkiel   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee

In this first ever live recording on Twitter Spaces, I have @LaserHodl come on the podcast to chat: - His Bitcoin Journey - His experience in tech and how it changed him - How the Cantillon Effect corrupts industry - Metaphysics  - The Great Reset - How Bitcoin Fixes All of THIS   and then some...   Download Episode on My Website: pgibs.io Download Episode on PodBean Download Episode on Medium Follow Me On Twitter @MrPseu   Go to wtfhappenedin1971.com Check out my latest article published on Bitcoin Magazine, BITCOIN BLOWBACK: A HISTORY OF DOLLAR HEGEMONY, ECONOMIC WARFARE AND A BRIGHT ORANGE ALTERNATIVE Send me a tip on Strike @pgibs Check out my music video"ETF" HERE Join the band at ETF615.com Citadel21 Volume 6 https://www.citadel21.com/etf-economic-earworms-of-the-sound-money-revolutionhttps://www.citadel21.com/ To learn more about Bitcoin fundamentals... Go to: bitcoinonepager.com Hope you're saving savings by stackin' those sweet, sweet, sats at savingsavings.io (AKA) SwanBitcoin.com/philGet 10% off the SHAmory game at checkout when you use the promo code Phil10 Rate, Subscribe, and Review the show, and share it with someone who's curious about Bitcoin and needs a place to start.

I really get to babbling in this one. New money increases imports and slows down manufacturers. https://www.cnbc.com/2022/01/11/china... https://cdn.mises.org/An%20Essay%20on... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Today Jason welcomes one of their investment counselors, Evan as they talk about the war on the middle class and how they have taken it upon themselves to help them find a way out which is investing in income property. They also expound on an Oklahoma property's proforma and the many ways income property is an amazing, multi-dimensional asset class enumerating several ways of getting your return on investment- appreciation, equity build up, tax depreciation or tax benefits, leverage, cash flow and inflation induced debt destruction.  Key Takeaways: [3:04] How significant is the problem [4:45] Meritocracy and social mobility [7:41] There is a way out: income property [9:00] Jack Bogle and Index fund investing- why we should care [11:03] The DOW and the S&P 500 and venture capitalism [15:29] Your core strategy and a different mindset about money [18:40] An Oklahoma property study, the 1% rule and the overall ROI [23:56] Invest in income property leveraging government and bank funds [27:51] Join the Creating Wealth live and virtual event this coming January 2022 Tweetables: Concentration creates wealth; diversification perpetuates wealth- Jason Hartman Income property is the most historically proven asset class in the world- Jason Hartman Mentions:  "War on the Middle Class" by Lou Dobbs Jack Bogle, Founder of the Vanguard Group   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect  What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization

On this end-of-year episode of Keiser Report, Max and Stacy chat to James Howard Kunstler, author of ‘The Geography of Nowhere', and get his explanation of what went horribly wrong for woke utopias like San Francisco, where feces and needles line the streets. They look at the Cantillon Effect and the words of Bastiat on plunder becoming a way of life. Finally, they examine the Build Back Better program and ponder whether or not it is a road to nowhere.

Jason shares part 2 of his presentation at an Investment Fund Conference in Utah about his brand new index – The Hartman Comparison Index™ – a truly unique way to value real estate. In our daily lives, we constantly compare things to one another to obtain a better understanding of value and we must do the same thing with housing prices; we can't just measure them in dollars, because the dollar is a moving target and its worth is constantly changing. Listen as Jason compares house prices to commodities historically to help us understand if we really are in a housing bubble. Key Takeaways: [00:50] Inflation is the most powerful method of wealth distribution [01:36] When the government is broke, it becomes predatory on its citizens [02:54] People got paid to borrow money with negative interest rates [06:10] The dollar is a moving target [07:36] Cyclical, hybrid and linear markets [11:04] After 50 years, it's still a temporary solution [12:52]  Case-Shiller Home Price Index vs the Consumer Price Index [14:40] The Real House Price Index: house prices are now 28.6% cheaper than they were 21 years ago [15:57] My favorite index [22:30] The monthly payment is more important than the overall price   Website: PandemicInvesting.com JasonHartman.com/Protect   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit www.JasonHartman.com Guided Visualization for Investors: http://jasonhartman.com/visualization

Jason shares his speech at an Investment Fund Conference in Utah about inflation, government intrusion and censorship, and why you should use his inflation induced debt destruction strategy to protect yourself from the hidden tax of inflation and the largest wealth transfer we've ever seen! He also talks about his brand new index – The Hartman Comparison Index™ – a truly unique way to value real estate. In our daily lives, we constantly compare things to one another to obtain a better understanding of value and we must do the same thing with housing prices; we can't just measure them in dollars, because the dollar is a moving target and its worth is constantly changing. Listen as Jason compares house prices to commodities historically to help us understand if we really are in a housing bubble. Mentions:  Debt: The First 5,000 Years Paperback by David Graeber The Collective Mastermind with Ken McElroy (and George Gammon) Website: PandemicInvesting.com JasonHartman.com/Protect   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit www.JasonHartman.com Guided Visualization for Investors: http://jasonhartman.com/visualization  

IN THIS EPISODE, YOU'LL LEARN:04:38 - Sahil's thoughts on curating content online.10:45 - Why Sahil has gotten interested in Macro and sound money.17:13 - What is the Cantillon Effect and why is it important?17:13 - Sahil's thoughts on how a person can use this macro concept for investing.30:10 - Portfolio construction in today's environment.30:10 - His thoughts on alt-coins.54:57 - Who Sahil follows.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESSahil's Twitter Account.Sahil's Newsletter.Sahil's podcast.If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Get $50 off your Drinkworks Home Bar by Keurig this holiday season. Now through December 5, save $50 on the Home Bar at Drinkworks.com.Grab your favorite Liquid I.V. flavors nationwide at Walmart or you can get 25% off when you go to LIQUIDIV.COM and use code WSB at checkout.It's the holidays and you deserve a gift that keeps on giving you joy and comfort every day, all year long - X-Chair! Save $100 off your X-Chair just by purchasing it now.You can see eczema on the surface of your skin, but there may also be irritation below that you can't see. Discover Eucrisa as it works both above and below the skin to treat eczema in adults and children 3 months of age and older.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Provide future financial protection to the people who matter most to you with the help of TD Term Life Insurance. Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired, and get an extra 3 months FREE on a one-year package.Don't let anything interfere with your happiness or is prevent you from achieving your goals. Allow BetterHELP to help assess your needs and match you with your own licensed professional therapist. Get 10% off your first month!Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jason Hartman is in the hot seat today, interviewed by M.C. Laubscher from Cash Flow Ninja, and encourages you to position yourself to capitalize on economic opportunity no matter what is happening in these crazy times. Keep an eye on this massive wealth transfer; the people closest to the money benefit from it the most via the Cantillon Effect. It also may be a good time to decentralize and find ways to communicate on a peer to peer basis. Government central planning has always been oppressive, it's no secret and it's well documented. But there is still a plethora of opportunities for folks who can see through the haze and position themselves to profit. These inflationary times could get a lot worse, so let Jason help you defend yourself against the wealth transfer by using inflation induced debt destruction in prudent linear markets around the country, where the courts make people uphold contracts. Key Takeaways: [1:30] Prophecies coming true [3:25] Freedom under attack [4:45] Massive economic shift and transfer of wealth [6:30] Built on Amazon Web Services [9:00] Coming up next: a central bank digital currency [12:55] Podcast censorship is coming [14:57] An army of lobbyists [18:30] False flag technique [20:35] The Holistic Survival Show [24:20] Be prepared for emergencies [28:27] Inflation and real estate investing [31:20] Forever home- regardless of advances in technology [33:13] Center of the universe Mentions: JasonHartman.com JasonHartman.com/protect The Holistic Survival Podcast The Creating Wealth Show Tweetables: Real estate is the most historically proven asset class in the world. When people don't uphold contracts, that's when society collapses.   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization

Managing Partner at Echobay Partners, Vince Lanci joins Jay to discuss inflation, the Cantillion effect, and Modern Monetary Theory. He explains the nuances between monetary policy and fiscal policy, and what's catching his attention in the market right now, which leads to their in-depth discussion on MMT. He explains the core changes civilians experience in the monetary shift, how MMT treats money as a public utility, and what the intention is behind the policy. This conversation presents an in-depth look at the future of a full MMT implementation.  To get more from Vince, follow him on Twitter @VlanciPictures and visit vblgoldfix.substack.com.  Join our investment community and sign up for our free weekly newsletter at cambridgehouse.com. Keep up with Jay all over social media @JayMartinBC. Be sure to leave a review, rate us 5 stars, and follow the podcast to be notified of new episodes each week 

This episode is also available as a blog post: http://kennethelongauthor.com/2021/10/06/the-cantillon-effect-2/

✅ LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!!

My guest today is Phil Geiger, the managing director of concierge services at Unchained Capital. Unchained Capital is a blockchain financial services company that lends cash to long-term crypto holders. It offers cash loans to long-term cryptocurrency holders in a secure, fast, and transparent manner, backed by multi-signature cold-storage custody solution. The company was founded in 2017 and is headquartered in Austin, TX. Phil is the managing director of concierge services at Unchained Capital. His team teaches clients how to hold the private keys to multisignature addresses in the personal, retirement, and business contexts. Prior to joining the Bitcoin space, Phil spent a lot of time in the healthcare space. Phil was a PM at Epic, a software and IT company focused on building products and services for the Healthcare industry. Phil is a Bitcoiner, before joining Unchained, he regularly helped curious people try Bitcoin by teaching the economics that describe it. He gave educational presentations for beginners, provided one-on-one consulting, wrote featured articles for publications, and contribute meaningfully to the discussion on social media. His technical contributions include running a full v0.17.1 BTC node plus LND (ran BIP148), contributing to BTC fork claimer python script testing, and testing Éclair and LND Lightning nodes. Phil even developed a safe process for claiming 25 Bitcoin forks, and advised where and how to sell most of them. My conversation with Phil is a must listen for anyone interested in understanding Bitcoin-native financial services or the philosophical aspects of Bitcoin. In our discussion we cover how Unchained Capital is building tools to empower Bitcoiners, why Bitcoin is the perfect money, the Cantillon Effect, why Central Banking is unAmerican and much more. Phil explains how Unchained Capital gives their clients access to self-custody Bitcoin Roth IRAs and how Unchained Capital structures their company to never be the single point of failure for their clients. Phil goes on to discuss the differences between Bitcoin Financial Services and DeFi. We get into a deep discussion about the growing impact Bitcoin and Bitcoiners are having on mainstream society. Another important topic we discussed is how the principles behind Bitcoin are fundamentally American and how principles of Central Banking are inherently communist. We finish our conversation by discussing how Unchained Capital's Bitcoin-backed Loan service works and how Unchained is building the safest Bitcoin native financial service platform for Bitcoiners. Please enjoy my conversation with Phil Geiger. -- ParaSwap: If you want to make a swap at the best price across the DeFi market, check out https://untoldstories.link/paraswap. ParaSwap's state-of-the-art algorithm beats the market price across all major DEXs and brings you the most optimized swaps with the best prices, and lowest slippage. --- This podcast is powered by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworks.co

This episode is also available as a blog post: http://kennethelongauthor.com/2021/08/02/the-cantillon-effect/

1. Prologue: How Ethereum Scams EveryoneETH Premine: 12 Million ETH for Ethereum Developers+60 Million ETH for Ethereum Investors=72 Million ETH at LaunchETH Total Supply Today: Unknown ? Best Guess: 112 Million ETH62% of the Current Supply was PreMined and was distributed before the first ETH Block was mined.2. The Greatest Ethereum Scam Ever Pulled3. Introducing Justin DrakeSource: EthHubThe Ethereum Foundation is re-creating The Cantillon Effect on Ethereum. Issuance is inflationary on Ethereum and causes price depreciation of ETH. Justin Drake and the Ethereum Foundation understand this and reply that they will take out supply elsewhere by burning transaction fees (EIP 1559), seemingly unaware of the other ills of inflation, namely the distortion of the capital structure and Cantillon effects. Economic activity, investment, and the capital structure will be distorted to favor the source of the inflation (in ethereum's case that would be Proof of Stake.) Which is right in line with the Green Finance Movement that is being pushed by all central bankers around the world. The Ethereum Foundation are moving into a world where they govern the entire worlds monetary network. By pushing the DLT-DeFi-Bankless narrative. 4. Ethereum and the continuation of Fiat Currency and Debt SlaveryState Sponsored Attack on Bitcoin is EthereumIf “The State” cannot feed itself, if it cannot fund itself. If it cannot fund itself, then it cannot perpetrate the crimes it continues to commit.This is the core of the game.You and I cannot win a game of monopoly if there is a player who plays the bank. The best we can hope to do is make friends with the banker and join him in screwing everyone else over.That's where we are today.On a Fiat Money standard, the incompetent fools in government (and it's cronies or affiliates) can continue to fund themselves with the wealth we, and our future generations, produce. They will keep trying to substantiate their existence by getting in the way of free individuals, by robbing 1 Peter to pay 4 Paul's under the guise or “the greater good”, and when that doesn't work, they will resort to violence or force to get what they want.- Aleksandar SvetskiCitations: David Gerard, World Economic Forum - Digital Assets, DLT and the Future of Capital Markets, Hasu - Ethereum Presale Dynamics Revisited, Preston Byrne - Whether Ether is a security, Adriana Hamacher - So, what is the Ethereum (ETH) total supply?, Justin Drake - ETH Peak Supply, Bitcoin and Markets, Pomp Podcast, Keiser Report, Aleksandar Svetski, JW Weatherman

In this episode, M.C. Laubscher shares the Cantillion Effect, what it is, why it matters and how it affects us today. After studying millionaires and billionaires for over two decades and interviewing over 500 successful investors and wealth experts, I have compiled the 21 best cashflow investing strategy secrets I have come across on my journey. You can access the secrets at 21cashflowinvestingsecrets.com. M.C. Laubscher is a husband, father, educator, and cashflow coach. He is the creator and the host of the popular and top-rated business and investing podcast, Cashflow Ninja and a brand new podcast, Cashflow Investing Secrets. M.C. is also the President of Producers Wealth, a wealth creation firm helping clients in 50 states implement holistic wealth creation strategies. His purpose is to help producers and creators create, protect and multiply their wealth in ANY Economy and market. His mission is to help producers and creators achieve financial freedom as soon as possible so that they can live their legacy today on their terms. M.C. challenges existing societal belief systems and misinformation around concepts such as money, saving, investing, wealth and retirement. Programs: The Cashflow Creator Formula The Cashflow Core Builder The Crypto Investing Method Connect With Us:   Website: http://cashflowninja.com Podcast: http://cashflowinvestingsecrets.com Facebook: https://www.facebook.com/cashflowninja/ Twitter: https://twitter.com/mclaubscher Instagram: https://www.instagram.com/thecashflowninja/ Pinterest: https://www.pinterest.com/mclaubscher/cashflow-ninja/ Linkedin: https://www.linkedin.com/in/mclaubscher/ Youtube: http://www.youtube.com/c/Cashflowninja Bitchute: https://www.bitchute.com/channel/cashflowninja/ Rumble: https://rumble.com/c/c-329875 LBRY.tv: https://lbry.tv/@Cashflowninja:9?r=DoJHKKGqTbf8sdChMP1oLtCrJWEYK3ZM Odysee: https://odysee.com/@Cashflowninja:9 Brighteon: https://www.brighteon.com/channels/cashflowninja Brandnewtube: https://brandnewtube.com/@cashflowninja Gab: https://gab.ai/cashflowninja Minds: https://www.minds.com/cashflowninja Biggerpockets: https://www.biggerpockets.com/users/mclaubscher Medium: https://medium.com/@mclaubscher Substack: https://mclaubscher.substack.com/

Jeff Vandroux joins us to talk about Bitcoin IRA's, anti bitcoin people, masks, Joe Rogan, and more. Follow Jeff Vandroux on Twitter (@vandrewattycpa) https://twitter.com/vandrewattycpa Check out Jeff's Bitcoin IRA here https://keykeeperira.com/bitcoin/ Follow all things Rare Candy here linktr.ee/RareCandy Twitter: Glen Rockney https://twitter.com/GlenRockney CryptoPsi https://twitter.com/CryptoPsi Rare Candy Twitter https://twitter.com/Rarecandypod1

"If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire Bitcoins to stack on their balance sheet. Only time will tell." - William Clemente III Today we read an excellent piece from bitrawr.com by William Clemente on the various feedback loops that could lead not only to the qualitative loss of trust in the fiat system, but a quantitative pull to earn a near risk-free position in the Bitcoin collateralized lending markets. Edited in part by Preston Pysh who has discussed this idea in greater depth, what happens when multiple feedback loops within the Bitcoin markets converge to make it an increasingly liquid, low risk, high yield asset? It creates a Bitcoin Black Hole. The Bitcoin Black Hole Effect: https://www.bitrawr.com/the-bitcoin-blackhole-effect For other great articles and episode mentioned in this show, check out the links below: Read 489 - The Cantillon Effect 2.0: https://bitcoinaudible.com/?p=5678 Asset DNA - Speculative Attack: https://bitcoinaudible.com/?p=5714 Bitcoin is the Great Definancialization: https://bitcoinaudible.com/?p=5554 The MacroVoices episode on Interest Rates: https://www.macrovoices.com/946-macrovoices-259-louis-vincent-gave-as-inflationista-as-they-come A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“Because of Nakamoto's deliberate actions and Bitcoin's permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” - CK & Deniz Saat The inherent problem with our monetary system is a systemic & inescapable unfairness. Bitcoin is provably, the fairest money that has ever existed. If you actually believe in equality, that everyone should play by the same rules, then there is no defensibility of our current money. For justice & equality, Bitcoin isn't just a better option, its the only option. Today's amazing read from Christian Keroles & Deniz Saat, another amazing Bitcoin Magazine piece: “The Cantillon Effect 2.0 - Bitcoin is the World's First Truly Fair Money” https://bitcoinmagazine.com/articles/cantillon-effect-2-0-bitcoin-is-the-worlds-first-truly-fair-money Another great episode was our recent reads, both from Bitcoin Magazine, first on “Winning Hearts and Minds for Bitcoin,” by Andy Edstrom & Peter McCormack: https://anchor.fm/thecryptoconomy/episodes/Read_487---Winning-Hearts--Minds-for-Bitcoin-Andy-Edstrom--Peter-McCormack-ep6s5k And then CK's previous piece on the podcast, “The Sovereign Company Thesis”: https://anchor.fm/thecryptoconomy/episodes/Read_475---The-Sovereign-Company-Thesis-Christian-Keroles-env68o Don't forget to explore our awesome sponsors and their products at the links below: BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl) And a final thanks to the amazing Bitcoin Magazine and LTBNetwork. The service these guys are doing for the Bitcoin space is incalculable!

Matt Rose explains how the non-neutrality of money can benefit multifamily owners.