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Kinsella on Liberty Podcast: Episode 463. A followup discussion with André Simoni of Brazil about some questions he had about applying my/Rothbard's title-transfer. See also KOL457 | Sheldon Richman & IP; Andre from Brazil re Contract Theory, Student Loan Interest Payments, Bankruptcy, Vagueness, Usury. Grok Shownotes: 0:00–29:42] In this episode of the Kinsella on Liberty podcast (KOL463), Stephan Kinsella engages in a follow-up discussion with André Simoni from Brazil, building on their prior conversation with Sheldon Richman (KOL457). The dialogue begins with André revisiting his concerns about usury, fractional-reserve banking, and the nature of loan contracts, proposing a libertarian limit on interest rates to prevent exploitative lending practices that could lead to effective enslavement. He argues that modern financial systems, including fractional-reserve banking and fiat currency, are interconnected mechanisms designed to promote unsustainable economic activity, drawing insights from Doug French's book Walk Away. Kinsella challenges André's framing, particularly his view of loan contracts as bilateral exchanges, asserting instead that they are unilateral title transfers under Rothbard's title-transfer theory of contract. The discussion delves into the impracticality of “smart contracts” and escrow-based performance bonds, highlighting the inherent uncertainties in contractual damages and future obligations. [29:43–1:39:34] The conversation shifts to a deeper exploration of risk, inalienability, and the moral hazards embedded in modern banking systems. André connects usury and fractional-reserve banking, arguing that banks exploit depositors and borrowers by offloading risk while profiting as intermediaries, creating a system akin to a Ponzi scheme propped up by state interventions like deposit insurance. Kinsella agrees that the current system is corrupt but emphasizes that in a free market with full disclosure, such practices would be unsustainable due to economic realities and the inability to insure against systemic risks. They discuss the legitimacy of loan contracts, with André expressing concern about contracts that shift excessive risk to borrowers, potentially violating inalienability principles. The episode concludes with a discussion on corporations and limited liability, with André suggesting that corporate structures exacerbate risk-shifting, while Kinsella defends the contractual basis of corporations, referencing his prior discussions with Jeff Barr (KOL414, KOL418). Links to further resources and a promise to continue the dialogue are provided. Youtube Transcript and Detailed Grok Summary below. https://youtu.be/8AfTdeiDJD0 Links: Mercadente, The Illiberal Nature of Limited Liability: A Libertarian Critique Recent Grok conversation Libertarian Answer Man: Legal Entities and Corporations in a Free Society (Feb. 29, 2024) Libertarian Answer Man: Corporations, Trusts, HOAs, and Private Law Codes in a Private Law Society (Nov. 11, 2023) KOL414 | Corporations, Limited Liability, and the Title Transfer Theory of Contract, with Jeff Barr: Part I KOL418 | Corporations, Limited Liability, and the Title Transfer Theory of Contract, with Jeff Barr: Part II On Coinbase, Bitcoin, Fractional-Reserve Banking, and Irregular Deposits UK Proposal for Banking Reform: Fractional-Reserve Banking versus Deposits and Loans Musings on Fractional-Reserve Banking in a Bitcoin Age; Physicalist Shock Absorber Metaphors The Great Fractional Reserve/Freebanking Debate Jesús Huerta de Soto, Money, Bank Credit, and Economic Cycles Stephan Kinsella, “The Title-Transfer Theory of Contract,” Papinian Press Working Paper #1 (Sep. 7, 2024) Corporate Personhood, Limited Liability, and Double Taxation Doug French, Walk Away: The Rise and Fall of the Home-Ownership Myth My thoughts on bankruptcy and inalienability: see Areas that need development from libertarian thinker...
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]
* 什麼是錢?什麼是通貨?* 銀行是如何演變成今天的模式? * 什麼是資本主義? 過去我經常談到經濟學,尤其是貨幣、銀行等等。有些聽眾朋友反映,有些概念比較深奧,不太容易理解。所以我想,有沒有辦法可以用一些和一般教科書不一樣的內容,讓大家更容易明白:究竟什麼是錢?什麼是通貨?銀行是如何運作的?以及什麼是資本主義?今天我想和大家分享金錢的大歷史,希望能從不同的角度,帶大家了解這些我們經常接觸到的經濟學概念。首先,第一個要掌握的概念就是:什麼是錢?什麼是通貨?要知道什麼是通貨,我們可以先從沒有錢的世界開始,看看那時的社會是如何運作的。原始社會的人類是狩獵採集者 (Hunter-Gatherer),他們靠打獵、採集野果和堅果維生。這種經濟模式基本上是自給自足的。什麼是自給自足呢?簡單來說,就是生產者和消費者是同一個人,生產和消費幾乎同時發生。你打了獵物,最多也只是帶回部落,和族人分享。在這種自給自足的經濟中,你不會有多餘的產能。如果你找不到食物,你的族人可能就要挨餓了。但打獵的收穫並不穩定,有時候你運氣不好,打不到獵物,你也會和族人分享他們找到的食物。這種共享資源的方式,可以說是一種原始的共產主義。如今世界各地,仍有許多原始部落,值得我們去研究。他們的生活以部落為中心,這種部落模式某種程度上也分擔了風險。在這種經濟模式下,沒有貨幣,也沒有交易,只有分享。從這種最基本、最原始的人類生存模式來看,人類群居,最主要的原因就是為了分擔風險。人類歷史從原始邁向文明,最重要的進步之一就是出現了文字。在古代美索不達米亞平原,考古發現顯示,最早的文字記錄,這些記錄的內容,很多都是關於借貸的。考古學家也發現了一些更古老的記賬方式,那是在文字出現之前,人們如何記錄債務關係?他們會使用陶罐,裡面放著一些陶製的圓球,就像彈珠一樣,作為「信物」(Tokens)。他們將這些信物放在陶罐上,代表某個人借了多少錢或多少糧食。我們發現,最初的文字很多都是會計記錄。此外,當時的美索不達米亞平原也開始發展農業。值得一提的是,最初的農業和城市發展息息相關。城市通常是帝國的中心,而農村也從自給自足轉變為規模化的農業生產,這種規模化的農業生產往往需要依賴奴隸。因此,文字、農業、帝國和奴隸制度,都是在歷史的同一階段出現的。與此同時,城市裡主要的居民有兩種:商人和貴族。古代的貴族主要分為兩種:神職人員,例如宗教領袖;以及軍事貴族,例如軍人。這就是古代社會的階級結構。有趣的是,文字的出現實際上比貨幣更早。我個人更喜歡用「通貨」(currency) 這個詞,這個翻譯既典雅又精準,因為錢或貨幣的目的就是促進交易,所以稱為通貨。前面提到,在通貨出現之前,就已經有了借貸的概念。英文裡有一句話說:money is debt,意思是錢就是債務。承接剛才提到的古代記賬方法,就是在陶瓷片上記錄誰欠了多少糧食、多少錢、多少牲畜等等。但這種方法的效率不高,因為記錄只有一份,而且保存在城市裡,所以古代的債務無法拿去交易。後來人們想到,可以用某種信物來作為債務的憑證。當時人們還沒有發展出在紙上記賬的方法,所以他們使用的憑證通常是一些稀有物品,例如首飾、寶石、貝殼等。這裡我想補充說明一下「信物」(Token)的概念。近年來,人們經常談論加密貨幣,尤其前幾年,市場上出現了許多所謂的「非同質化代幣」(Non-Fungible Tokens,NFT)。其實 Token 的翻譯應該是「信物」更為貼切。什麼是信物呢?如果A和B之間有一個約定,如果只是他們兩人之間的約定,就不需要信物來記認。信物是為了讓第三方,例如C、D、E、F等等,都知道A和B之間存在著一個協議或約定。通貨是一種特殊的信物,它可以轉手交易,而且任何人都知道,只要持有這種信物,就可以用來清償債務。作為一種通用的信物,通貨需要滿足幾個條件:首先,它必須具備普遍性,無論走到哪裡,人們都能夠識別它,並知道可以用它來償還債務;其次,它不能輕易被複製,否則如果可以無限量製造,它的價值就會下跌,這就是通貨膨脹。在古代,最常被用來作為通貨的是金屬。因此,最終所有貝殼或其他實物形式的信物,都不如金、銀、銅三種金屬。通貨的出現帶來了巨大的轉變,它讓交易不再局限於人與人之間的直接接觸。你不需要認識生產者,也不需要認識消費者,只要有市場價格,交易就能進行。通貨的出現,拉大了生產者和消費者之間的距離,無論是時間上還是地理上。有些人,例如馬克思主義者,認為這種現象會導致人與人之間的疏離(Alienation),但從現代的角度來看,作為生產者,你當然希望接觸到更多消費者;作為消費者,你也希望有更多選擇。想像一下,如果只能向你認識的人購買商品,你的選擇將會非常有限。因此,貿易對每個人都有好處,無論是生產者還是消費者。在早期社會,人們使用各種不同的信物作為通貨,例如黃金、白銀、銅錢等等。由於不同地區使用不同的通貨,於是在一些主要的城市就出現了專門從事貨幣兌換的職業,也就是找換店。早期的找換店除了兌換貨幣,也提供借貸服務。由於他們經常接觸外來人口,而且掌握許多市場信息,因此在一般人眼中,這些商人或找換店的人並不值得信任。在古代社會,與外來人接觸 often 帶有負面含義,甚至會受到歧視。此外,商人利用信息差獲取利潤的行為,也 often 被視為不道德。還有一個原因導致商人社會地位低落,那就是他們 often 替貴族收稅。在一些大型帝國中,將各地區的農產品運送到中央政府非常困難,因此統治者會委託商人將收穫的農產品 converted 成通貨,再運送到中央。當然,商人也會在這個過程中獲取利益。因此,在歷史上,商人 often 被視為社會的底層。這就是為什麼會有「士農工商」的說法,商人排在最後,主要就是因為他們從事一些被認為不道德的行為。在早期的社會,人們使用很多不同的「信物」,例如黃金、白銀和銅錢。正因如此,在一些主要的城市出現了一個新的職業——找換店。早期的找換店除了幫助人們兌換不同的貨幣之外,也會借錢給人做生意。由於他們參與許多交易,也掌握了很多信息,所以在一般人眼中,這些從事貿易或經營找換店的人並不值得信任。在古代社會,能夠接觸「外人」的人 often 會被人歧視,或者說,往往是那些被歧視的人才會去和外地人做生意。此外,由於他們掌握了許多信息,他們也會利用這些信息來獲取利潤。所以古代的人認為,這些貿易商或找換店的人是不可信的。還有一個原因讓他們的社會地位更加低落,那就是他們 often 會代表貴族去收稅。特別是在一些大的帝國,不可能每次都將地方的農產品收回來,再運到中央。因此,中央的統治者會通過這些商人或找換店的人,將收回來的地租和地稅(通常是以農產品計算的)變成通貨,然後再將這些通貨運到中央政府。當然,在這個過程中,他們也會從中獲利。也因為這個原因,在歷史上,商人一直都被貶低為社會的最低層。所以為什麼會有「士農工商」的說法?為什麼商人會排在最後?最主要的原因就是,他們做了很多一般人認為是有違道德的事情。通貨的出現,讓生產者和消費者之間的距離越來越遠,無論是時間上還是地理上。有些人很不喜歡這種現象,例如馬克思主義者就認為,將生產和消費分開是不好的,他們稱這種現象為「異化」(Alienation)。但是,如果我們從現代的角度來看,作為一個生產者,你當然希望能夠接觸到越多的消費者越好。如果你要這樣做的話,你就必須透過通貨。試想一下,如果你必須認識每一個消費者,就像在古代的原始社會,一定要透過人與人之間的關係才能進行交易,那麼你能賣出多少產品呢?肯定不多。同樣地,作為一個消費者,你也希望有更多的選擇。但如果你只能從你認識的生產者那裡購買你需要的物品,那麼你的選擇就會變得很少。所以答案很簡單,貿易對每個人都有好處,無論你是消費者還是生產者。銀行的出現,是為了滿足社會對通貨日益增長的需求。最初,銀行只是幫助人們儲存黃金和白銀。人們將黃金白銀存入銀行,銀行就會向他們發出一張票據,這就是最原始的紙鈔。同時,這些銀行也會借錢給人做生意,特別是當時的遠洋貿易。歐洲的海洋貿易歷史悠久,早在帝國出現之前,地中海地區就已經有非常頻繁的貿易往來。到了中古時代後期,這些遠洋貿易更是超越了地中海的範圍,到達了世界的另一端。這些航行本身就充滿了風險,不僅船隻可能會被海盜搶劫,或是遇到風浪沉沒,就連最初採購貨物也需要融資和借貸。也是在這個時代,銀行發現,它們借出去的票據可以超過它們手上擁有的黃金。因為它們發出去的票據,很多時候會被存到其他的銀行,它們只需要在銀行之間互相結算,就可以調整餘額。這種運作模式,直到今天仍然被採用。銀行借出去的錢,金額远远超過它們的存款額,這就是「部分準備金銀行制度」(Fractional Reserve Banking)。由於銀行需要整個行業一起運作,所以在古代,這些銀行通常都會聚集在一些大的貿易城市,例如倫敦、巴黎、阿姆斯特丹,或者更早期的威尼斯等等。我覺得大航海時代的巔峰應該是在17世紀,荷蘭東印度公司的時代。荷蘭東印度公司成立於1602年,是世界上第一家上市公司。它主要從事香料貿易,其經營模式是通過發行股票籌集資金,然後用這些資金建造船隻,前往亞洲購買香料,再運回歐洲銷售。荷蘭東印度公司的成功,帶動了荷蘭的經濟發展,也促進了金融業的發展。在荷蘭東印度公司成立幾年後,阿姆斯特丹也成立了第一間具有現代銀行規模的銀行——阿姆斯特丹銀行。阿姆斯特丹銀行發行自己的紙鈔,背後以黃金和白銀作為儲備。但在阿姆斯特丹銀行成立大約20年後,就出現了歷史上第一次的投機泡沫——鬱金香狂熱 (Tulip Mania)。鬱金香狂熱發生在1634年到1637年間,當時鬱金香球莖的價格被炒作到天價,最後泡沫破裂,導致許多人破產。鬱金香狂熱的歷史告訴我們,金融市場有一個特點:無論是信貸擴張還是信貸收縮,其力量之大,都不是任何人可以阻擋的。這也讓有些人認為,資本主義的本質就是不穩定。但是,回顧前面提到的,人類群居的原因之一就是為了分擔風險。資本主義的出現,讓每個人都可以通過投入他們多餘的儲蓄,去投資不同風險的活動,以爭取回報。其實,人類社會的進步和現代經濟的出現,只是代表了我們買賣的對象,從最原始的實物,到後來可以將一盤生意、將背後的風險,都變成有價值的資產來交易。這就是資本主義的初期。各位,今天的分享就到這裡。希望大家從這段歷史的分享中,大致了解了貨幣(也就是通貨)是如何出現的。而且,原來在通貨出現之前,人類就已經有了記賬制度和債務的概念。債務的概念慢慢演變成憑證,憑著一個信物就可以拿去交易。而這種可以普遍地進行交易的通貨,就是我們今天所說的貨幣。所以,貨幣只是一種記賬的工具,而銀行其實就是這些賬簿的儲存地方。在今天的世界,我們還需要銀行嗎?下一次分享金融業的大歷史時,我想和大家談談,到了21世紀的今天,剛才所說的信貸、通貨、銀行業究竟可以如何運作。 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit leesimon.substack.com/subscribe
Many people accumulate their wealth in a bank or a long-term investment, and this may create problems. But there is a different strategy. In this new episode of the Common Sense Financial Podcast, host Brian Skrobonja goes over the Build Banking strategy and how you can consider a different banking paradigm using specially designed life insurance policies that allow you to start banking on yourself. Most people know that banks use other people's money to generate profits. This process is known as Fractional Reserve Banking, which is basically the bank using the spread between interest rates to profit. For banks, it goes a little deeper. Banks can loan out the money they have on deposit to people, and those dollars are then deposited again, which begins the cycle anew. This process acts as a money-printing machine within the economy. Banks aren't currently required to hold any reserves to cover their customer's deposits. The result of Fractional Reserve Banking is the expansion of the money supply which contributes to increased inflation. Silicon Valley Bank recently found itself in trouble and was unable to cover its liabilities leaving depositors to rely on the government to bail them out. It's not realistic to be able to bypass the banking system entirely, but there are ways to take control of how you save and store money with a personal bank-like strategy. Build Banking uses a specially designed whole life insurance policy that's built on the inherent tax-favored nature and unique capabilities of those policies. What makes Build Banking different is the design allows for rapid cash accumulation with uninterrupted tax-free growth, while having access to cash without having to rely on banks or Wall Street, but you have to set aside your preconceptions around life insurance. The challenge is the language around life insurance policies and how most people understand what they are capable of. With traditional banking, you either accumulate money and spend or borrow and then repay it. The Build Banking method offers a different strategy with a specially designed life insurance system that allows you to take back some of the control. Not all policies are the same and loan features can vary greatly, so it's important to work with a professional with experience in this area. The main benefit of the Build Banking strategy is the ability to have your money remain in the policy and continue to grow uninterrupted, while simultaneously using a policy loan from the insurance company for personal use. A business owner has an extra advantage because they can leverage the loan in their business, creating both an internal and external return. This strategy also gives the policy owner a lot of control over how and when the loan is repaid because of the nature of the life insurance policy. Mentioned in this episode: BrianSkrobonja.com BuildBanking.com BUILD Banking™️ is a DBA of Skrobonja Insurance Services, LLC. Benefits and guarantees are based on the claims paying ability of the insurance company. Not FDIC insured. Results may vary. Any descriptions involving life insurance policies and its use as an alternative form of financing or risk management techniques are provided for illustration purposes only, will not apply in all situations, may not be fully indicative of any present or future investments, and may be changed at the discretion of the insurance carrier, General Partner and/or Manager and are not intended to reflect guarantees on securities performance. The term BUILD Banking™️, private banking alternatives or specially designed life insurance contracts (SDLIC) are not meant to insinuate that the issuer is creating a real bank for its clients or communicating that life insurance companies are the same as traditional banking institutions. This material is educational in nature and should not be deemed as a solicitation of any specific product or service. BUILD Banking™️ is offered by Skrobonja Insurance Services, LLC only and is not offered by Madison Avenue Securities, LLC. nor Skrobonja Wealth Management, LLC. Any references to protection, safety or guarantees, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. Skrobonja Insurance Services, LLC does not provide tax or legal advice. The opinions and views expressed here are for informational purposes only. Please consult with your tax and/or legal advisor for such guidance. Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA & SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Skrobonja Wealth Management, LLC unless a client service agreement is in place. Skrobonja Financial Group, LLC provides links for your convenience to websites produced by other providers of industry related material. Accessing websites through links directs you away from our website. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Our firm is not permitted to offer, and no statement made on this site shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained here in provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Any media logos and/or trademarks contained herein are the property of their respective owners and no endorsement by those owners of Brian Skrobonja is stated or implied. The awards, accolades and appearances are not representative of any one client's experience and is not indicative of future performance. Each of these awards have set criteria for their nominations and eligibility requirements. “Best Wealth Managers” and “Future 50 Company” are annual surveys conducted by Small Business Monthly. The winner is chosen by an online vote of the general public and no specific criteria is utilized to determine the winner other than number of votes. Some voters may not be clients of Brian Skrobonja and Skrobonja Financial Group. These awards are not representative of any one client's experience and is not indicative of future performance.
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen's work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.Kristoffer's Article in the QJAE, "Sound Money without Free Banking": Mises.org/HAP472aKristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: Mises.org/HAP472cThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen's work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.Kristoffer's Article in the QJAE, "Sound Money without Free Banking": Mises.org/HAP472aKristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: Mises.org/HAP472cThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Harris Irfan, CEO Cordoba Capital Markets & Advisor at @OnrampMENA joins me to discuss challenges and opportunities within Islamic finance, ethics of finance in business and the intersection of Islamic finance and Bitcoin. Harris highlights building a financial system focused on real economy transactions, sharing insights on finance, custody, and Bitcoin investment. Summary In this conversation, Harris Irfan discusses his journey from conventional finance to Islamic finance and Bitcoin. He explores the challenges and opportunities within Islamic finance, particularly in relation to ethical finance and risk-sharing principles. The discussion delves into the intersection of Islamic finance and Bitcoin, highlighting the potential for Bitcoin to serve as a sound monetary system that aligns with Islamic principles. Harris emphasizes the importance of creating a financial system that prioritizes real economy transactions over speculative practices, and he shares insights on the future of finance, custody, and investment decisions in a Bitcoin standard. Takeaways Harris Irfan transitioned from conventional finance to Islamic finance and Bitcoin. Islamic finance emphasizes ethical finance and risk-sharing principles. Bitcoin is viewed as a modern form of sound money, potentially more Islamic than gold. The challenges of Islamic finance are exacerbated by the fiat banking system. Custody solutions for Bitcoin are evolving, with a focus on self-custody. Cultural perspectives on money influence the adoption of Bitcoin in Muslim communities. Trade finance can be structured to align incentives between investors and businesses. The VC industry may need to adapt to a sound money standard. Hurdle rates for investments will change in a Bitcoin economy. Optimism about the future of Bitcoin is essential for its growth. Timestamps: (00:00) - Intro (01:04) - Harris's background with finance & Islamic banking (07:44) - Comparing Fiat banking with Islamic finance (12:06) - The intersection of Islamic finance and Bitcoin (18:21) - Custodying Bitcoin - Individuals vs. Trusted custodians (25:51) - What are misconceptions about Bitcoin among muslims? (30:20) - What are the cultural differences when operating on a Fiat Standard vs Sound Money Standard? (33:27) - What does it mean to share risk in finance? (39:12) - The viability of different financial models (45:35) - What would finance look like in a Full Reserve Bitcoin banking world? (54:17) - How does one navigate with morality & ethics in the current Fiat world? (59:00) - Bitcoin compared to hurdle rates in investment decisions (1:02:11) - Outro Includes Paid Partnerships (16:04) - Sponsors (38:11) - Sponsor Links: https://x.com/harris_irfan https://www.ccmkts.com/ Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack
Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios.Bob's Article in the QJAE on Fractional Reserve Banking: Mises.org/HAP470aJoe Salerno, "Ludwig von Mises as Currency School Free Banker": Mises.org/HAP470bThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios.Bob's Article in the QJAE on Fractional Reserve Banking: Mises.org/HAP470aJoe Salerno, "Ludwig von Mises as Currency School Free Banker": Mises.org/HAP470bThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Inflation causes everything to feel more expensive, so what do you do to protect your money from inflation? Today, we'll explore the link between inflation and fractional reserve banking, and how Infinite Banking is the sound money solution. https://www.youtube.com/live/ay4aDG2phBg A thought-provoking journey through inflation, fractional reserve banking, and the revolutionary concept of infinite banking. This episode promises to demystify how the traditional banking system and increased currency supply fuel inflation, challenging widespread misconceptions. You'll gain a deeper understanding of inflation's root causes by contrasting liberal views with Austrian economic theories, and learn how your everyday choices can influence market prices. Next, we shift gears to tackle the often-overlooked topic of healthcare pricing elasticity. Hear real-life stories about how informed consumer decisions can lead to significant savings on prescriptions and medical procedures. Discover practical strategies for price negotiation without confrontation, and understand the ripple effects of increased money circulation on the economy. We'll also discuss the impact of government policies like minimum wage hikes on business expenses and overall market pricing. Finally, explore a smarter financial strategy that sidesteps the pitfalls of fractional reserve banking. By leveraging whole life insurance policies, you can protect your assets from inflation and achieve greater financial security. Rachel and Bruce explain the benefits of mutual insurance companies, which maintain robust reserves, and how these practices can create a more stable personal economy. This episode is packed with insights and actionable advice to help you take control of your financial destiny and build a prosperous future. So, if you want to learn how to ensure more economic stability and prosperity, tune in today! What is Inflation?The Nature of BankingResources: Book A Strategy Call What is Inflation? We all feel the effects of inflation, but what is it really? Inflation is when a dollar becomes less and less valuable. Inflation is why bread used to cost a couple of nickels and now costs more than a couple of dollars. And one of the major reasons for inflation is that our banks continue to pump more dollars into the banking system, decreasing the overall value of a single dollar. Fractional reserve banking—our current banking system—allows banks to keep only a fraction of their customer's money in reserves. This means that banks can do more business than what they actually have available. While this can stimulate the economy on some level, this also means that money is being created out of thin air. And when this happens en masse, it can create major instability. After all, the more money in circulation, the more prices begin to creep up to match. The Nature of Banking Let's look more closely at how banking, as most people know it, works. If you deposit $1,000 in the bank, your institution is not required to have that exact amount in a vault somewhere just for you. In fact, they're not even required to have that $1,000 at all. They're only required to have a fraction of that on hand, right now it's somewhere in the ballpark of a 1 to 10 ratio. So of the $1,000 you've deposited, the banks only have to keep $100 on hand. When you take a loan from the bank, they're “creating” that loan out of dollars that do not exist in their reserves. And then you're paying it back with dollars that do exist. Just the actions of taking loans with our banking institutions are inflating the money supply. Then what happens if you want to liquidate your account, if the banks only have 10% on hand at a given time? These are all things that can make banking tenuous. And yet, by taking control of the banking function with whole life insurance, you can mitigate a lot of this harm. When you take policy loans, for example,
Bob responds to a recent interview where George Selgin says the historical record proves that fractional reserve banking is a market outcome. Bob gives two separate reasons, and ironically plays different Selgin clips to validate each of them.Mentioned in the Episode and Other Links of Interest:Selgin's interview on free banking. His debate with Murphy at the Soho Forum. And his recent interview with David Beckworth on Custodia.Murphy interviews Selgin on banks as credit intermediaries.John Cochrane on The Narrow Bank.Murphy's journal article critiquing the Selgin/White view of fractional reserve free banking.Help support the Bob Murphy Show.
Chris Casey of WindRock Wealth Management joins to explain the shocking truths about the Fed's policies and how they might be driving us toward recession. In this episode of Wealthion, host Andrew Brill sits down with Chris Casey, Founder and Managing Director of WindRock Wealth Management, to explore whether or not the Fed is driving the U.S. into recession. Chris exposes the hidden realities behind the Federal Reserve's interest rate decisions and their drastic impact on inflation and the economy. Learn why artificially low rates might be setting us up for economic disaster and uncover the tools the Fed uses to manipulate the financial system. Chris also discusses the potential for stagflation, drawing parallels to the economic turmoil of the 1970s. TIMESTAMPS: 0:00 - Introduction 1:52 - The Federal Reserve 3:48 - Tools of the Fed: Monetary Policy Explained 6:58 - Fractional Reserve Banking and Bank Failures 8:28 - CPI and Market Reactions 9:41 - Concerns About Stagflation 11:29 - The Fed's Predictive Failures 13:51 - Interest Rates: Historical Context 16:32 - Are We Heading for a Recession? 19:56 - Understanding the Yield Curve 21:33 - Government Debt and Bond Yields 23:42 - The Dilemma: Raise Rates or Cut Rates? 26:43 - The Autonomy of the Fed 29:24 - Future Economic Outlook and Fiscal Challenges 30:59 - Closing Remarks
Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years.Original Article: The Fraud Inherent in Fractional Reserve Banking
Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years. Narrated by Millian Quinteros.
Many people accumulate their wealth in a bank or a long-term investment, and this may create problems. But there is a different strategy. In this new episode of the Common Sense Financial Podcast, host Brian Skrobonja goes over the Build Banking strategy and how you can consider a different banking paradigm using specially designed life insurance policies that allow you to start banking on yourself. Most people know that banks use other people's money to generate profits. This process is known as Fractional Reserve Banking, which is basically the bank using the spread between interest rates to profit. For banks, it goes a little deeper. Banks can loan out the money they have on deposit to people, and those dollars are then deposited again, which begins the cycle anew. This process acts as a money-printing machine within the economy. Banks aren't currently required to hold any reserves to cover their customer's deposits. The result of Fractional Reserve Banking is the expansion of the money supply which contributes to increased inflation. Silicon Valley Bank recently found itself in trouble and was unable to cover its liabilities leaving depositors to rely on the government to bail them out. It's not realistic to be able to bypass the banking system entirely, but there are ways to take control of how you save and store money with a personal bank-like strategy. Build Banking uses a specially designed whole life insurance policy that's built on the inherent tax-favored nature and unique capabilities of those policies. What makes Build Banking different is the design allows for rapid cash accumulation with uninterrupted tax-free growth, while having access to cash without having to rely on banks or Wall Street, but you have to set aside your preconceptions around life insurance. The challenge is the language around life insurance policies and how most people understand what they are capable of. With traditional banking, you either accumulate money and spend or borrow and then repay it. The Build Banking method offers a different strategy with a specially designed life insurance system that allows you to take back some of the control. Not all policies are the same and loan features can vary greatly, so it's important to work with a professional with experience in this area. The main benefit of the Build Banking strategy is the ability to have your money remain in the policy and continue to grow uninterrupted, while simultaneously using a policy loan from the insurance company for personal use. A business owner has an extra advantage because they can leverage the loan in their business, creating both an internal and external return. This strategy also gives the policy owner a lot of control over how and when the loan is repaid because of the nature of the life insurance policy. Mentioned in this episode: BrianSkrobonja.com BuildBanking.com BUILD Banking™️ is a DBA of Skrobonja Insurance Services, LLC. Benefits and guarantees are based on the claims paying ability of the insurance company. Not FDIC insured. Results may vary. Any descriptions involving life insurance policies and its use as an alternative form of financing or risk management techniques are provided for illustration purposes only, will not apply in all situations, may not be fully indicative of any present or future investments, and may be changed at the discretion of the insurance carrier, General Partner and/or Manager and are not intended to reflect guarantees on securities performance. The term BUILD Banking™️, private banking alternatives or specially designed life insurance contracts (SDLIC) are not meant to insinuate that the issuer is creating a real bank for its clients or communicating that life insurance companies are the same as traditional banking institutions. This material is educational in nature and should not be deemed as a solicitation of any specific product or service. BUILD Banking™️ is offered by Skrobonja Insurance Services, LLC only and is not offered by Madison Avenue Securities, LLC. nor Skrobonja Wealth Management, LLC. Any references to protection, safety or guarantees, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. Skrobonja Insurance Services, LLC does not provide tax or legal advice. The opinions and views expressed here are for informational purposes only. Please consult with your tax and/or legal advisor for such guidance. Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA & SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Skrobonja Wealth Management, LLC unless a client service agreement is in place. Skrobonja Financial Group, LLC provides links for your convenience to websites produced by other providers of industry related material. Accessing websites through links directs you away from our website. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Our firm is not permitted to offer, and no statement made on this site shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained here in provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Any media logos and/or trademarks contained herein are the property of their respective owners and no endorsement by those owners of Brian Skrobonja is stated or implied. The awards, accolades and appearances are not representative of any one client's experience and is not indicative of future performance. Each of these awards have set criteria for their nominations and eligibility requirements. “Best Wealth Managers” and “Future 50 Company” are annual surveys conducted by Small Business Monthly. The winner is chosen by an online vote of the general public and no specific criteria is utilized to determine the winner other than number of votes. Some voters may not be clients of Brian Skrobonja and Skrobonja Financial Group. These awards are not representative of any one client's experience and is not indicative of future performance.
Eric Yakes, author of The 7th Property, joins me to talk about the future of Bitcoin Banking, LN and ecash. We discuss: Chaumian mints and ecash Interaction with LN Credit markets in the future How does the system remain Full Reserve? Regulatory roadblocks Will there be a role for passive index funds? Links: X: @ericyakes axiombtc.capital/bank Site: Yakes.io Sponsors: Swan.com (code LIVERA) CoinKite.com (code LIVERA) Mempool.space Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack Timestamps: 00:00 - Introduction 08:23 - Bitcoin Banking 13:57 - Chaumian Mints 19:10 - How Do Chaumian Mints Work 24:04 - Use Cases for FediMints and CashewMints 31:09 - Coinkite.com 32:24 - Mempool.space 33:13 - Swan.com 35:08 - Bitcoin's Evolution and Adoption 38:20 - Regulatory Roadblocks for Commercial Mints 40:31 - Mitigating Risk of Token Debasement 46:59 - Fractional Reserve Banking and Trust 56:45 - Passive Index Funds and Stock Indexes 01:01:56 - Accounting Valuation and Global Wealth 01:06:02 - Closing Thoughts on Banks Without Bankers
Cutting Through the Matrix with Alan Watt Podcast (.xml Format)
--{ "The Rise of the IMF and the World Bank"}-- Are Financial Crashes and Bank Bailouts Planned? - Rise of IMF/World Bank/BIS into Power - Does an International Banking Cabal Run the World? - Fractional Reserve Banking and Lending, Creating Money Out of Nothing - Fiat Scams, Carbon Credits and Fees, Carbon Economy - Private Central Banks - Rothschilds and Bank of England - Creation of Standing Armies - One World System - UN, Food Quotas given to Regions - Socialism-Communism - rivatization - What are Public-Private Deals? - RIIA-CFR - Foundations and NGOs - Are We Under a Parallel Gov. Not Responsible to Public? - "The Wizard of Oz", Man behind a Curtain - Debt and Intergenerational Slavery - Auditing of Federal Reserve - Fantasy of CO2 - REAL Estate - Language Used to Give Desired Conclusions.
In this episode, Germinal G. Van presents the concept of the full-reserve banking system as well as its mechanisms, advantages and disadvantages. The main concept about the full-reserve banking system is that it is a system where banks are required to hold deposits in reserve, meaning they cannot lend out nay of the money deposited by their customers. This is in contrast to the fractional-reserve banking system, which is the currenct system used in most countries, where banks can lend out a portion of their deposits while keeping a fraction in reserve. The full-reserve banking system presents a number of advantages such making depositors' money safe, and stabilizing the financial system; but also contains some drawbacks such as limited credit availability and the inability of central banks to monitor the money supply. Germinal G. Van sees these drawbacks, however, as advantages because they enhance a prudent approach to banking and show that central banking is not a necessity to maintain economic stability.
How fractional reserve banking actually leads to infinity. Check out the BitBox02 Hardware Wallet Go to https://www.bitbox.swiss/bitcoinmadesimple and use the promo code "bitcoinmadesimple" to get 5% off standard products. Want to support the documentary "Searching For Satoshi"? You can watch the trailer here, and pre-buy the documentary to help get it produced! I appreciate any and all support! Movies Plus - go to www.myMoviesPlus.com and get 20% OFF an annual subscription with promo code CORY, and you can watch the documentaries "The Great Reset and the Rise of Bitcoin", "Bitcoin FUD", "Bitcoin: The End of Money as We Know It", and "Cryptopia: Bitcoin, Blockchains and the Future of the Internet." Watch them all on Movies Plus. --- Support this podcast: https://podcasters.spotify.com/pod/show/bitcoinmadesimple/support
In this episode with Will John of The11thCommandment podcast, we discuss what is money, the negative impact of money printing, and why Bitcoin is the solution to the current monetary regime. Will John is the host of the The11thCommandment podcast.// HOST //Podcast: https://www.youtube.com/@The11thCommandment// 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/breedloveBitcoin 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 - Coming up 00:25 - Intro 01:59 - Helping Lightning Startups with In Wolf's Clothing 02:45 - Introducing Robert Breedlove 03:26 - Starting a Podcast 05:57 - What is Money? 14:57 - Inadequate Educational System 16:17 - Run Your Business from Anywhere with NetSuite 17:22 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 18:32 - What is Inflation? 25:17 - How Money Printing Disintegrates Society 27:42 - What is Fractional Reserve Banking? 37:20 - The End of Money Printing 41:14 - Enhance Your Brain Power with Mind Lab Pro 42:20 - Take Control of Your Healthcare with CrowdHealth 43:27 - Why Bitcoin is the Solution 50:53 - Reading Recommendations by Robert// 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 // Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowRumble: https://rumble.com/c/BreedloveInstagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/All My Current Work: https://vida.page/breedlove22
Fractional-Reserve Banking is a banking system in which a most of depositors' money is lent to borrowers, and a fraction of that money is kept in reserve (10%). This process leads to money creation and banks make their money from the interest income they generate from the loans they grant to borrowers. Fractional-Reserve Banking is inherently an inflationary system because it relies on credit expansion through the expansion of the money supply. This expansion of credit then creates inflation, increase debt (the national debt and consumer debt), and exposes banks to bank runs, which in turn, weakens the financial system. Fractional-Reserve Banking exacerbates wealth inequality because commercial banks are far more lenient with upper-class depositors than with lower-social-class depositors. Since banks make money through interest payments on loans, they supply loans with higher interest rates and harsher terms to lower-social-class borrowers than to upper-class borrowers. As a result, banks make money off lower social classes while the upper class continues to lives off loans at cheaper interest rates.
As 2023 comes to a close, Dave and Paul review some of the most popular and impactful episodes they've done in the past year. From the basics of fractional reserve banking, the “Wealth Pyramid” and the most common objections to IBC.. the fellas review some of the most viewed topics of the last year and give you the bottom line.Becoming Your Own Banker by Nelson Nash: https://infinitebanking.org/product/becoming-your-own-banker/ref/46/Topics reviewed this episode
Let's welcome Dr. Laura Sanger back to the show today as she will be presenting us with discussions about spiritual mapping, how moral wickedness leads to territorial strongholds, what role does music frequency play in the seed war and how is the intersection of epigenetics, DNA, sound and language advancing the Nephilim agenda.Dr. Laura Sanger is a Clinical Psychologist, author of The Roots of the Federal Reserve and small business owner. Her current focus is awakening people to the spiritual battle at hand and the psychological warfare of the globalist agenda. Dr. Sanger has been involved in spiritual mapping for the past 25 years. She is passionate about seeing people set free and reaching their full potential. She is eternally grateful that Jesus has set her free from the chains that bound her. With joy, I declare that I am No Longer Enslaved!Website https://nolongerenslaved.com/Rumble https://rumble.com/c/c-1212384Instagram https://www.instagram.com/laurasanger444hz/YouTube https://www.youtube.com/@nolongerenslavedGet your thoughts in ahead of showtime or during so we can add your comments to the live chat show. Send your questions to us via our Dangerous Super Chats link here: http://www.dangeroussuperchats.com/SUPPORT THE SHOWSuper Chat Tip https://bit.ly/42W7iZHBuzzsprout https://bit.ly/3m50hFTSubscribeStar http://bit.ly/42Y0qM8Paypal http://bit.ly/3Gv3ZjpPatreon http://bit.ly/3G37AVxHow to grow lots of food in a grid-down situation.This is for people who want the fastest and easiest ways to produce healthy and delicious meat, eggs, and vegetables. Because you know that growing your own food is like printing your own money. Register for FREE full access to the webinar: http://dangerousoffgrid.comCONNECT WITH USWebsite https://www.dangerousinfopodcast.com/Guilded Chatroom http://bit.ly/42OayqyEmail the show dangerousinfopodcast@protonmail.comJoin mailing list http://bit.ly/3Kku5YtSOCIALSInstagram https://www.instagram.com/dangerousinfo/Twitter https://twitter.com/jaymz_jesseGab https://gab.com/JessejaymzTruth Social https://truthsocial.com/@jessejaymzWATCH LIVERumble https://rumble.com/c/DangerousInfoPodcastPilled Foxhole https://pilled.net/profile/144176Twitch https://www.twitch.tv/dangerousinfopodcastCloutHub https://clouthub.com/DangerousINFOpodcastTwitter https://twitter.com/jaymz_jesseD-Live https://dlive.tv/DangerSMART is the acronym that was created by technocrats that have setup the "internet of things" that will eventually enslave humanity to their needs. Support the show
Bob Murphy joins me in-person at ARC Forum 2023 in London to discuss his book, 'Understanding Money Mechanics.' We talk about the nature of money, the cartels of central banking, the modern monetary theory, and the optimism of artificial intelligence. Bob Murphy is an author and economist. He has authored several economics textbooks. He is also the chief economist at Infineo. This podcast was filmed at the Alliance for Responsible Citizenship Conference in London, England.// GUEST // Website: https://robertbryce.com/ Substack: https://robertbryce.substack.com/Twitter: https://twitter.com/pwrhungry // 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 00:00:37 - Intro 00:02:11 - Helping Lightning Startups with In Wolf's Clothing 00:02:57 - Introducing Bob Murphy 00:03:29 - Introduction to Bob's Book 'Understanding Money Mechanics' 00:05:05 - What is Money? 00:06:21 - Difficulty of Understanding Money 00:10:47 - Money as an Attribute 00:12:49 - Fiat Currency and Fiduciary Media 00:13:57 - How Do Banks Create Money? 00:16:39 - Economic Mismatch of Banking System 00:19:09 - Faults with Fractional Reserve Banking 00:22:33 - Contract Violation by the Bank 00:24:27 - Emergence of Central Bank 00:29:13 - The Cartels of Central Banking 00:31:20 - Global Collusion of Central Banking 00:35:03 - Run Your Business from Anywhere with NetSuite 00:36:07 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:37:04 - Modern Monetary Theory 00:41:53 - Previlleged Market Actor 00:43:40 - Free Market Interest Rate 00:44:40 - Supply Creates Its Own Demand 00:47:33 - Keynesian Economics and First-Order Thinking 00:49:49 - Incentives of Pseudo Economics 00:51:02 - Symbiotic Relationship of Central Banking 00:54:55 - Stolen Purchasing Power 00:56:00 - Description and Criticism of MMT 00:59:40 - Optical Illusion of Accounting 01:02:39 - Discussing Fiat Currency 01:05:37 - Enhance Your Brain Power with Mind Lab Pro 01:06:44 - Take Control of Your Healthcare with CrowdHealth 01:07:46 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:08:37 - 2008 vs. 2020 Financial Crisis 01:12:33 - Forecasting Inflation 01:15:58 - Outlook on the Economic Future 01:18:15 - Optimism of Artificial Intelligence 01:23:13 - Where to Find Bob 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
Alex Jeser joins me to talk about his book, “Monetary Anarchy: The Separation of Money and State”. We discuss the origin of knowledge, how warfare benefits the state, the difference between democracy, anarchy and minarchy, and whether monetary anarchy is possible on the Bitcoin standard. Alex Jeser is an economist, author, and technology entrepreneur. // GUEST // Twitter: https://twitter.com/alexjeser Book: https://t.co/mBlVIp2jD5Website: https://monetaryanarchy.com/// 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 00:00:33 - Intro 00:02:06 - Helping Lightning Startups with In Wolf's Clothing 00:02:52 - Alex Jeser's Economic Background and Discovering Bitcoin 00:06:18 - The Origin of Knowledge 00:10:23 - Empiricism and Rationalism 00:13:32 - What is Money? 00:17:16 - Different Types of Money 00:21:08 - What is Inflation? 00:23:56 - Why Free Market Money Gets Outlawed? 00:30:37 - Fractional Reserve Banking 00:38:03 - Emergence and Purpose of Nation States 00:48:52 - Is Democracy a Success or Failure? 00:50:42 - Run Your Business from Anywhere with NetSuite 00:51:47 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:52:44 - How Warfare Benefits the State 00:57:10 - Interstate Anarchy and Fiat System 00:59:12 - Anarchy Based on Morals and Markets 01:10:47 - Anarchy and Bitcoin 01:17:22 - What is Minarchy? 01:23:00 - True Democracy of Bitcoin 01:26:15 - A World Without States 01:29:08 - Bitcoin: An Incorruptible Economic Voting System 01:31:05 - Enhance Your Brain Power with Mind Lab Pro 01:32:11 - Take Control of Your Healthcare with CrowdHealth 01:33:13 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:34:05 - Can the State Stop Bitcoin? 01:38:52 - Strong Points of Bitcoin 01:42:27 - Illustrating Monetary Anarchy 01:47:36 - Does Monetary Anarchy Advance Civilization? 01:52:15 - Where to Find Alex 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
The Fifth Edition by Infinite Banking Authorized Practitioners
In Part 1 of our 3-part series "IBC First Principles," we analyze some core concepts that make up The Infinite Banking Concept (IBC). In this episode, we discuss the first three of ten "first principles":Learn how understanding traditional financial systems empowers you to take control of your money ("If you know what's going on, you'll know what to do").Discover the principle of "one pool of money" and the transformative power of cash flow over cash amount.Finally, grasp why "banking is the most important business in the world" and how becoming your own banker can change your financial life. Tune in and lay a strong foundation for your financial journey.KEY MOMENTS:00:01:00 - Understanding the Importance of Infinite Banking 00:03:07 - The Flaws of Traditional Banking Systems 00:05:41 - Valuing Financial Freedom 00:06:29 - Becoming an Insider 00:09:10 - The Problem with Fractional Reserve Banking 00:16:21 - The Illusion of Control in Real Estate 00:17:25 - The Importance of Weathering Financial Storms 00:18:34 - Opportunity Cost and Liquidity 00:20:27 - Banking as a Higher Order Operation 00:25:35 - Banking as the Most Important Business ----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline Course: IBC MASTERY----About Your Hosts:Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.----Connect with usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!----ONLINE COURSE:Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:IBC MASTERY
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Thomas and Lisa Dierl.
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Thomas and Lisa Dierl.
We run through a few critiques of fractional reserve banking and discuss the gold standard.
Why do some of the largest banks own more than DOUBLE the value of life insurance cash value than real estate assets? What is it that banks see that others, including Dave Ramsey, don't? In this episode, Chris Miles shares why banks store a large percentage of their assets in permanent cash value life insurance. Tune in to find out their secret! Book Recommendation: "Pirates of Manhattan" by Barry James Dyke
Youtube link: https://youtube.com/live/e4sDNLsipJsSupport the show
Bitcoin & Markets: Macro, money, geopolitics and news LIKE AND COMMENT!! In this episode, I discuss collateral re-use and collateral multiplier. Similar to Fractional Reserve Banking, collateral rehypothication creates a hyper-elastic environment for US Treasuries, in good times. In bad times, this behemoth takes time to turn, but when it does collateral chains start to shorten and their is a move into the primary market for US Treasuries. This causes rates to at first look like a dollar shortage and turn into a collateral shortage, a certain period prior to credit events or recession. Right now, with rates still going up, we can know the shadow banking system has not turned yet, and we have at least 6-12 months left before a recession will hit. Enjoy. 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/e374 Link to tweet: https://twitter.com/AnselLindner/status/1707028476564259202?s=20 Link to paper mentioned: https://t.co/juZcU1hz4U 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 this episode with Tim Braheem, we discuss the properties of sound money, central banking, the incentives for armed conflict, and why Bitcoin is the best peace-making technology. Tim Braheem is the Founder and CEO of Performance Experts and the host of The 360 Experience podcast.Website: https://www.performance-experts.com/Podcast: https://www.youtube.com/@The360ExperiencePodcast// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:38 - Intro 00:02:11 - Helping Lightning Startups with In Wolf's Clothing 00:02:57 - Introducing Robert Breedlove 00:03:22 - Robert's Europe Tour 00:04:36 - The Questions of Significance 00:06:03 - Insufficiency and Indispensability of Language 00:08:47 - Understanding the Nature of Money 00:10:39 - Money: A Universal Medium of Exchange 00:12:57 - Money: The Most Marketable Commodity 00:17:25 - Money Emerges from Trading 00:19:12 - Properties of Good Money 00:22:11 - Money Needs to Be Expensive to Produce 00:25:53 - Counterfeiting of Money 00:27:57 - Retaining Purchasing Power 00:32:37 - Counterfeiting Monopoly of the US Dollar 00:36:27 - Winners & Losers in Central Banking Paradigm 00:41:04 - Simplifying Currency Inflation 00:43:29 - Advantage of Investing in Real-Estate 00:47:40 - Why Gold Became Money 00:54:16 - Warehousing of Gold 00:57:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:58:20 - Introduction of Gold-Backed Currency Standard 01:01:12 - Problems with a Fractional Reserve Banking 01:05:57 - Central Banks and War Incentives 01:11:36 - A Centrally Controlled Gold Standard 01:13:53 - Introduction of the Fiat Standard in 1971 01:19:25 - Intital Stage of the Bitcoin Rabbithole 01:23:43 - The $100 Trillion Question 01:26:14 - What is Bitcoin 01:28:56 - The Intangibility of Bitcoin 01:34:40 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:35:31 - Comprehending the Non-Physical Nature of Bitcoin 01:37:22 - Bitcoin Resembles the Properties of Good Money 01:41:34 - Bitcoin: An Asset with Absolute Scarcity 01:44:01 - The Emerging Consensus of Bitcoin 01:47:32 - Bitcoin: A Money with Zero Percent Inflation 01:49:49 - Bitcoin is More Than an Invention 01:50:45 - Production Cost of Money 01:52:35 - The Supply and Demand Ratio 01:54:14 - Perfect Information in a Financial System 01:58:07 - The Biggest Fear About Bitcoin 01:59:14 - Bitcoin's Price Prediction 02:07:20 - Why Bitcoin// 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/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars 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/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22
Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"
Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"
It's officially episode 100!!! Thanks for listening this far. We hope you're getting a lot of value out of this podcast. Please let me know if you'd like me to do an episode about a specific topic you are interested in. Also, if you'd like to share your story and expertise on our podcast, please send me an email at sarry@finassetprotection.com to learn more about becoming a guest on our podcast. I've been spending the last two weeks trying to think of a topic to talk about on the solo episode, and then it hit me. I should record an episode about Nelson Nash's book, Becoming Your Own Banker. Some of our clients haven't read the book, so I decided to do a book review episode where I can discuss some key points of Becoming Your Own Banker since it has a lot to do with the Bank on Yourself Concept, as well as growing wealth from a general financial planning perspective.
In this episode, me and my guest Luke Broyles talk about the relationship between money, politics, finance, and technology.Highlighting the profound impact that the banking collapse and fractional reserve banking have had on our society. We'll cover a range of topics, including energy consumption, artificial intelligence, and Bitcoin. I can't stress enough the crucial role that money plays and its troubling ties to corruption and deception. My aim is to explore the intricate connections between politics, finance, and technology as they shape our future.See omnystudio.com/listener for privacy information.
On today's show we're taking a look at the inherently risky nature of today's financial system and why the U.S. government has blocked safer alternatives, courtesy of George Kaloudis, CoinDesk's senior research analyst and columnist.Read the full story here.-This episode was edited by Ryan Huntington and produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's show we're taking a look at the inherently risky nature of today's financial system and why the U.S. government has blocked safer alternatives, courtesy of George Kaloudis, CoinDesk's senior research analyst and columnist.Read the full story here.-This episode was edited by Ryan Huntington and produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with the inimitable Professor Peter St Onge. Peter breaks down the banking crisis and Fed's response, where the credit contraction is headed next, how fractional reserve banking introduces fragility to the financial system, how fully-reserved banks could still prove tenable, and why this is the latest but not last in a long line of bailouts form the Fed unless serious changes are made. Follow Peter St Onge, Ph.D. on Twitter: https://twitter.com/profstonge New YouTube videos M/W/F — New Substack posts T/R/S Sponsored By Foundation Devices — see what best-in-class Bitcoin storage feels like at thebitcoinlayer.com/foundation Get $10 off with promo code BITCOINLAYER Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitco... Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Subscribe and turn on notifications for TBL on YouTube. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 784403 #TheBitcoinLayer #JoeConsorti #PeterStOnge #Fractional #Reserve #Banking #Bitcoin #BTC #Austrian #Economy #Freedom #Market #Crisis #Recession #Currency #Crypto #Analysis #Investment #News #Finance #Education The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise
Financial advisors Isaiah Douglass @IDFinancial and Morgen Rochard, CFA, CFP @MorgenRochard discuss orange-pilling clients, Bitcoin adoption, and investment portfolio management strategies that make sense in today's fast-changing economy. Connect with Guests: Sam Callahan: https://twitter.com/samcallah Morgen Rochard: https://twitter.com/MorgenRochard Isaiah Douglass: https://twitter.com/IDFinancial Timestamps: 00:00:00 “Swan Signal” Intro 00:02:04 Introducing Morgen and Isaiah 00:03:26 Being a Financial Advisor in Tough Market Conditions 00:06:19 Why Bitcoin is the Best Form of Savings 00:09:49 Getting Off Zero 00:13:28 How Does Age Play a Role in Investing Strategies? 00:17:37 “Bitcoin Advisors Network” 00:22:34 How is Bitcoin Perceived Amongst Financial Advisors? 00:29:24 Problems with Keynesian Economics 00:31:22 Fiduciary Duty to Learn about Bitcoin 00:36:40 Digital Gold vs Digital Penny Stocks 00:41:36 Building in the Bear Market 00:47:54 Financial Planning Myths 00:52:30 Bitcoin IRA 00:56:07 Banking Crisis and the Problems with Fractional Reserve Banking 01:00:37 “More Clients Are Asking, What is Money?” 01:03:49 Thoughts on the Current Market 01:11:59 Where to Find Morgen and Isaiah 01:13:29 “Swan Signal” Outro Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swansignal LinkedIn: https://www.linkedin.com/company/swanbitcoinSwan 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://swanbitcoin.com/ytDownload the all new Swan app! iOS: https://apps.apple.com/us/app/swan-bitcoin/id1576287352 Android: https://play.google.com/store/apps/details?id=com.swanbitcoin.android&pli=1Join us for Pacific Bitcoin Festival 2023! Purchase your tickets now before prices go up: https://PacificBitcoin2023.com Are you a high net worth individual or do you represent 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://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/Get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist #Bitcoin #SwanBitcoin
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation? Original Article: "Why Fractional Reserve Banking Is behind Bank Failures" This Audio Mises Wire is generously sponsored by Christopher Condon.
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation? Original Article: "Why Fractional Reserve Banking Is behind Bank Failures" This Audio Mises Wire is generously sponsored by Christopher Condon.
With bank failures occurring once again, the topic of "fractional reserve banking" is getting some much needed attention. How do banks work in the current "system"? Is it how banks should work? Banking is a legitimate and valuable service. However, when banks work in collusion with government, it produces nothing but trouble. Business and government must be kept separate. Banking is certainly not an exception.
The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system. Original Article: "Silicon Valley Bank and the Failure of Fractional Reserve Banking" This Audio Mises Wire is generously sponsored by Christopher Condon.
The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system. Original Article: "Silicon Valley Bank and the Failure of Fractional Reserve Banking" This Audio Mises Wire is generously sponsored by Christopher Condon.
There can be lots of different reasons to get started in IBC - but one of the biggest ones is the banking system itself.In this week's episode, the guys decide to take a step back and look at some of the broad reasons why IBC has made so much sense for so many people. They take a break from the specifics to review the banking system. How does it actually work? How did it come to be? And most importantly: what is so wrong about it?Additionally, Dave and Paul also explore inflation and demonstrate how it's a short trip downstream from the banks themselves. You won't want to miss this foundational episode!Episode Highlights(0:00) - Introduction(0:29) - Episode beginning(2:03) - Live Q/A info(3:56) - Inflation and fractional reserve banking overview(10:55) - Focusing in on the history of banking(15:55) - Inflation(21:06) - Back to reserve banking(30:03) - Episode wrap-upJoin us on February 16th at 7pm Central time for a live Q&A with Paul and Dave! Register here:https://us06web.zoom.us/meeting/register/tZIkd-ioqDspEtCvgXUz6_tETGYVCUNpI9vfIs IBC for you? Use this link to schedule and intro call with us: https://calendly.com/dave-743/wealth-warehouse-intro-callABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people. Catch up with David and Paul, visit the links below! Website: https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399 LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/ https://www.linkedin.com/in/paul-fugere-762021b0/ Email: davidandpaul@theibcguys.com
Prepare for your mind to be blown by the information presented in this episode! Believe me, you will have to listen to this twice and don't forget a pen and paper.Dr. Laura Sanger is a Clinical Psychologist, author of The Roots of the Federal Reserve and small business owner. Her current focus is awakening people to the spiritual battle at hand and the psychological warfare of the globalist agenda. Dr. Sanger has been involved in spiritual mapping for the past 25 years. She is passionate about seeing individuals, people groups, regions and nations set free from systems of enslavement. This led her to write The Roots of the Federal Reserve: Tracing the Nephilim from Noah to the U.S. Dollar, an investigative journey through time using spiritual mapping concepts to uncover the deep layers of defilement within our monetary system. Website https://nolongerenslaved.com/Rumble https://rumble.com/c/c-1212384Instagram https://www.instagram.com/laurasanger444hz/YouTube https://www.youtube.com/@nolongerenslavedWatch this video interview on Rumble shortly https://rumble.com/user/JesseJaymzGab Parallel Economy Shopping Catalog https://news.gab.com/2022/10/gab-parallel-economy-shopping-catalog/SUPPORT THE SHOW:SubscribeStar https://www.subscribestar.com/jesse-jaymzOne time gift donation via Paypal https://paypal.me/dangerousinfo?country.x=US&locale.x=en_USJOIN OUR GUILDED CHAT ROOM: https://www.guilded.gg/i/Evx9g1VkGold and silver affiliate:American Coins and Jewelry https://www.ebay.com/str/goldandsilvertreasure7629 Highland Rd.Waterford, Michigan 48327Matt-(248) 978-7686https://www.subscribestar.com/jesse-jaymz/subscribe?tier_id=57006SUBSCRIBE STARS:Jill BarcRyan Mansfield ShowCarmie RosarioKenneth AllenChad GeyerPatriot MillerSheryl E.Manny EspejoJoin my mailing list: https://mailchi.mp/03e09a1333c8/jessejaymzemailsignupSocial Media:Instagram https://www.instagram.com/jessejaymz1/Twitter https://twitter.com/jaymz_jesseGab https://gab.com/JessejaymzTruth Social https://truthsocial.com/@jessejaymzRumble https://rumble.com/user/JesseJaymzTelegram https://t.me/jessejaymzSend stuff:Jesse JaymzPO Box 541Clarkston, MI 48347Listen on all podcasting platforms such as Spotify, Apple iTunes....SMART is the acronym that was created by technocrats that have setup the "internet of things" that will eventually enslave humanity to their needs. Support the show
IN THIS EPISODE, YOU'LL LEARN:Mike Stroup's background.The numbers around federal interest expense and rising interest rates.Why currency spreads are making it hard to service dollar denominated debts.Mike's thoughts on the broad money supply being the best way to measure inflation.A comparison between now and 2007.Explaining reverse repo in a simplified way.How do countries use reserve to defend a currency and does the countries size matter?Is this time different?Is the 50% attack vector even worth worrying about?Mike and Preston share military pilot stories.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMike Stroup's TwitterThe charts from the show.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSMake backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.Start your free 14-day trial today and leave your limits behind and discover what you can accomplish with Monday.com.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax's Gold Investor Kit today - 3 ounces of the world's most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Take the next step in your working life or get ready for a change, by being a Snooze franchise partner.Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.Enjoy meals tailored to every dietary preference delivered right to your door. Take advantage of Freshly's End-of-Summer Sale and score a special deal: $125 off your first FIVE orders!Invest in your best rest today with Brooklinen. Get $20 off your order and free shipping on orders of $100+ with code INVESTORS.Start printing everything your small business needs and discover the endless printabilities with VistaPrint.Support your hardworking team in one intuitive platform - an all-in-one payroll, HR, team management tools and more with Gusto and enjoy your first three months free.Enjoy 10% off your first booking in Viator's world of over 300,000 experiences you'll remember. Download the Viator app now and use code VIATOR10.Help empower girls to break free through education, healthcare, child protection, and other wonderful benefits by being a World Vision child sponsor today.See the potential of your business. Find solutions that work for you, that tick bigger boxes and help you grow with Square.Launch your thing into the spotlight and start selling anywhere with Shopify.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Pierre Rochard rejoins me on the show to talk about Full Reserve, Fractional Reserve, and how Bitcoin obsolete Fractional Reserve Banking: Full vs Fractional Reserve Fiduciary media Is the current system full or fractional reserve? Various historical or current examples from the bitcoin economy How would businesses work under a bitcoin full reserve system Links: Twitter: @BitcoinPierre Related article: In Defense of Bitcoin Full Reserve: Not Anti-credit, but Anti-fiduciary Media Previous Episodes: SLP3 – Bitcoin Investment Theses with Pierre Rochard SLP11 – Bitcoin's Decentralised Governance, with Pierre Rochard SLP35 Pierre Rochard – Lightning Power Excel Plugin, Lightning Residency SLP147 Pierre Rochard & Saifedean Ammous – Bitcoin as Savings Technology & Number Go Up SLP214 Pierre Rochard & Fabian Jahr – Where Are All The Bitcoins? SLP367 Pierre Rochard – Lightning Network & Kraken Sponsors: Swan Bitcoin Mempool.space Braiins.com Voltage Unchained Capital (code LIVERA) CoinKite.com(code LIVERA)