Podcasts about Tulip mania

What does the stock market have to do with piracy in the West Indies? The Dutch, of course! (Really!)

In this episode, Jethro explores Tulip Mania, the 17th-century Dutch financial disaster that saw people selling their homes for tulip bulbs. Yes, actual tulips. Because nothing screams economic stability like mortgaging the farm for a flower. Meanwhile, Kat saddles up for the story of the Pack Horse Libraries—badass Depression-era librarians who braved mountains, rivers, and wild animals just to make sure rural America had something to read besides old seed catalogs. From botanical bubbles to literary cowboys, it's another journey into the gloriously bizarre. Because if history teaches us anything, it's that humans will do anything—whether it's trading goats for petals or delivering Mark Twain via muleback. Learn more about your ad choices. Visit megaphone.fm/adchoices

Spring is the season when nature celebrates itself, and so do businesses. Millions of people travel across the country to partake of the gifts of spring, from cherry blossom to rapeseed blossom, and from apricot blossom to peach blossom. Recent years have seen the emergence of some new business models such as drone photography, hanfu rentals and flower field camping.春天是大自然欢庆的季节，同时也是商业活动的旺季。数以百万计的人们在全国各地踏春出游，欣赏樱花、油菜花、杏花、桃花等春日美景。近年来，出现了一些新的商业模式，如无人机摄影、汉服租赁和花田露营。Government directives are encouraging a move away from isolated events toward a model where the simple act of flower-viewing evolves into an immersive experience. This new approach invites cities to reimagine traditional seasonal celebrations as dynamic, interconnected platforms for urban-rural development. Through policies aimed at merging cultural tourism with different industries, the authorities are not only celebrating nature's beauty but also developing innovative, sustainable economic ecosystems. 政府的指示鼓励人们从孤立的活动转向一种模式，将简单的赏花行为演变为一种沉浸式体验。这种新方法鼓励城市将传统的季节性庆祝活动重新构想为城乡发展的动态互联平台。通过旨在将文化旅游与不同产业融合的政策，相关部门不仅在庆祝大自然的美丽，而且还在发展创新、可持续的经济生态系统。Across China, a vivid reimagining of urban space is underway. In Wuhan, Hubei province, for instance, the cherry blossom season has become a metaphor for transformation. At Wuhan's Qingchuan Pavilion, cherry blossoms and red brick walls create a stunning landscape, while in Optics Valley, 3D projections bring cherry blossoms to life amid skyscrapers. The city uses flowers to attract investments of more than 100 billion yuan ($14 billion) during the cherry blossom season. Wuhan has integrated cutting-edge technology into traditional cherry blossom-viewing, creating the first "perceptible tech-cherry blossom narrative chain" in China.在全国各地，城市空间的生动重塑正在进行中。例如，在湖北省武汉市，樱花季已成为转型的隐喻。在武汉的晴川阁，樱花和红砖墙构成了一道绝美的风景线；而在光谷，3D投影让摩天大楼中的樱花栩栩如生。在樱花季，武汉利用鲜花吸引超过1000亿元人民币（140亿美元）的投资。武汉将尖端技术融入传统的赏樱活动，创造了中国首个“可感知科技—赏樱叙事链”。 In another striking example, rural communities in Xiangxi, Hunan province, have embraced the "one city, one flower" model. In the province's Chenjiapo nature village, which has fewer than 100 residents, spring flowers attract more than 3,000 tourists a day. Local residents have developed an augmented reality flower-viewing app, generating over 1 million yuan in online pre-sales. And the Pear Blossom Valley in Huayuan county of Hunan has fostered a year-round industry, generating nearly 10 million yuan a year, while Longshan's lily industry, which offers products such as face masks and flower tea, contributes about 3 billion yuan a year to the agriculture sector. 另一个引人注目的例子是湖南省湘西的农村社区采用了“一城一花”模式。在该省人口不到一百人的陈家坡自然村，春天的鲜花每天吸引3000多名游客。当地居民开发了一款增强现实（AR）赏樱应用程序，在线预售收入超过100万元人民币。湖南花垣县的梨花谷培育了一项全年产业，每年创造近1000万元的收入，而龙山县的百合产业则提供面膜和花茶等产品，每年为农业部门贡献约30亿元。Besides, former industrial zones are experiencing their own revitalization. Once a barren mining area, Wuning in Jiangxi province is now home to cherry trees across 600 acres which blossom in spring and provide employment for 50 farmers. Thanks to the "flower industry", Wuning's eco-tourism revenue surpassed 10 billion yuan in 2023. 此外，前工业区也在经历自身的复兴。江西省武宁市曾经是一个贫瘠的采矿区，现在种植了600英亩的樱花树，春天盛开之际为50名农民提供就业机会。得益于“花卉产业”，武宁市的生态旅游收入在2023年超过了100亿元。Global examples offer compelling insights into how nature's beauty can be turned into cultural assets. Japan's iconic "Somei Yoshino" cherry blossoms, with their unique "flowers-without-leaves" beauty, embody the nation's mono no aware (the pathos of things) aesthetics. The Japanese government has factored in the cherry blossom season into its economy policy, not least because cherry blossom is Japan's national flower. With precise flowering forecasts and themed activities, cherry blossom-viewing in Japan has become an international event. In 2024, Japan attracted 3.73 million foreign visitors during the cherry blossom season, generating 1.14 trillion yen ($8 billion) in revenue. Japan's success in transforming cultural tourism into a global phenomenon offers valuable lessons for other countries. 全球的案例为如何将自然之美转化为文化资产提供了有力启示。日本标志性的“染井吉野”樱花以其独特的“无叶之花”之美，体现了日本的“物哀”美学。日本政府已将樱花季纳入其经济政策，这不仅是因为樱花是日本的国花。凭借精确的开花预报和主题活动，日本的赏樱活动已成为一项国际盛事。2024年，日本在樱花季吸引了373万名外国游客，创造了1.14万亿日元（80亿美元）的收入。日本成功地将文化旅游转变为一种全球现象，为其他国家提供了宝贵的借鉴。The Netherlands presents another fascinating example. Tulips, a symbol of the Netherlands since the 17th century "Tulip Mania", remain a major cultural and economic force, with the country controlling over 90 percent of the global tulip bulb trade. Keukenhof Park, the heart of this industry, offers a stunning view of about 7 million flowers and generates huge revenue. By integrating agriculture, tourism and finance, the park offers a unique "spring experience" that has become a model for economic success. 荷兰是另一个引人入胜的例子。郁金香自17世纪“郁金香狂热”以来一直是荷兰的象征，它仍然是荷兰重要的文化和经济力量，该国控制着全球90%以上的郁金香球茎贸易。库肯霍夫公园是该行业的中心，拥有约700万朵鲜花，景色令人叹为观止，创造了巨大的收入。通过整合农业、旅游和金融，该公园提供了一种独特的“春季体验”，成为经济成功的典范。A simple field of flowers becomes far more compelling when infused with history, folklore and local traditions. Imagine a cherry blossom park where visitors can listen to ancient love stories, or a tulip festival where digital installations narrate the flower's journey from a 17th century craze to a global symbol of beauty. By bringing together historians, artists and cultural activists, cities can turn their flower landscapes into living stories that captivate visitors. 一个简单的花田，如果融入了历史、民间传说和当地传统，就会变得更加引人注目。想象一下，在樱花公园，游客可以聆听古老的爱情故事；在郁金香节，数字装置讲述着花朵从17世纪的狂热到成为全球美丽象征的历程。通过汇集历史学家、艺术家和文化活动家，城市可以将其花卉景观变成吸引游客的生动故事。Technology has the potential to extend the blossom season. For example, livestreaming can let people across the world see Japan's cherry blossoms or the Netherlands' tulip fields in real time. 科技为延长花季带来可能。例如，直播可以让世界各地的人们实时看到日本的樱花或荷兰的郁金香田。Flowers aren't just for admiring; they're also commercial products. Smart farming and the internet of things-powered irrigation can boost per-acre flower yield, while flower-based products—perfumes, cosmetics, teas—can create new revenue streams, and themed offerings, such as flower-infused dining and wellness retreats, can elevate tourists' experiences. 鲜花不仅仅是用来欣赏的；它们也是商业产品。智能农业和物联网灌溉可以提高每英亩的花卉产量，而以花卉为基础的产品——香水、化妆品、茶——可以创造新的收入来源，而主题产品，如花卉餐饮和健康疗养，可以提升游客的体验。A strong brand can potentially transform the local flower industry into a global phenomenon, and signature mascots, immersive festivals and even a catchy song can make a destination globally recognizable, while international certification, strategic partnerships, and marketing campaigns can ensure the brand remains relevant in the long run. 强大的品牌可以将当地的花卉产业转变为全球现象，标志性的吉祥物、沉浸式节日，甚至一首朗朗上口的歌曲都可以让一个目的地获得全球认可，而国际认证、战略合作伙伴关系和营销活动可以确保品牌长期保持相关性。When culture breathes life into landscapes, technology breaks seasonal boundaries, industries work in harmony, and branding brings global recognition, flowers become more than a passing delight; they become a driver of development. In this new era, every city can take measures to ensure nature's beauty doesn't bloom to fade in a short while but to become a permanent part of our lives.当文化为景观注入活力、技术打破季节界限、产业协同运作、品牌带来全球认可时，花卉就不再是短暂的喜悦，而是发展的驱动力。在这个新时代，每个城市都可以行动起来，确保大自然的美丽不会在短时间内凋零，而是成为我们生活中永久的一部分。rapeseed blossom油菜花apricot blossom杏花drone photography无人机摄影cutting-edge technology尖端技术perceptibleadj.可感知的revitalizationn.复兴revenue streams收入来源mascotn.吉祥物

The world experienced its first economic bubble when the Dutch went bonkers for tulips in the 1630s. See omnystudio.com/listener for privacy information.

Final Knee Report.  Thoughts on Exercise.  Tulips vs Roses.  Animated Shorts.  The Return (movie, as in, the Odyssey). Homegrown Ice Hockey on Long Island.  Basketball á la Arsenault (Jr and Sr). Monica Getz.  Ken Wydro.  Paddington 2! Credits: Talent:  Tamsen Granger and Dan Abuhoff Engineer:  Ellie Suttmeier Art:  Zeke Abuhoff

This is a solo episode heavily influenced by the book 'Devil Take The Hindmost'.In Episode #473 of 'Musings' it is just myself Kyrin and I'm discussing: the beginnings, growth and eventual popping of financial bubbles across history (with examples like the Tulip Mania and the South Sea Bubble), why these criteria are all subjective and not numbers based, the reasons I believe there is a crypto/AI bubble that is midway through it's cycle and some predictions for what I think could happen in the next 6-18 months.A huge thanks to Lyceum & Petar for the support this week, it is very much appreciated!Book Review link: https://www.youtube.com/live/aMPMOoypovoTimeline:(00:00:00) Intro(00:02:25) Bubble Beginnings(00:13:03) Bubble Growing(00:22:39) & Strengthening(00:33:46) Popping Zone(00:39:44) Flaunting & Eccentric(00:43:33) Boostagram Lounge(00:46:59) Crypto/AI Bubble Beginnings(00:54:51) Crypto AI Bubble Growing(01:00:00) & Strengthening(01:05:53) Crypto/AI Popping Zone(01:10:08) This Time It's Different(01:13:21) V4V: Time/Talent/Treasure Connect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast

Renowned trader and educator Timothy Sykes joins us to unravel the fascinating story of his pivot from a promising tennis career to mastering the stock market with his bar mitzvah money. Imagine an injury altering your life's path so dramatically that it leads you to become a millionaire trader. Timothy's journey offers a tapestry of invaluable lessons—from his initial trading days to managing larger accounts and eventually dedicating himself to teaching others. Explore how his background in tennis and philosophy shaped his unique trading mindset, allowing him to navigate the ever-changing market landscape with precision.We explore historical financial crazes, like Tulip Mania, and draw parallels with today's crypto phenomena, dissecting how social media fuels speculative bubbles. Timothy shares his insights as a penny stock trader, illustrating the crucial role of historical study and market dynamics in handling volatile stocks. He emphasizes strategies like cautious trading and quick loss-cutting, intertwining these with his personal mission of aligning financial success with philanthropic endeavors, such as building schools worldwide. Timothy's narrative is an inspiring example of turning trading profits into meaningful change.In our conversation, we highlight the importance of understanding market sentiment, especially amidst speculative spikes and unsustainable euphoria. Timothy shares stories of successful students like Jack Kellogg and Tim Grittani, underscoring the dedication needed to thrive in trading. He reveals personal strategies for combating over-trading, embracing a flexible "laptop lifestyle" that allows him to manage impulses and travel the world. We conclude by reflecting on finding one's unique trading approach and tailoring strategies for small account holders, offering a wealth of insight for traders at any stage of their journey.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is Deftform, the simplified form builder you've been waiting for. Stop using overpriced and bloated alternatives. Deftform gives you everything you need to create unlimited forms and collect unlimited responses.Visit deftform.com and use the code LEADLAG to get 20% off the Lifetime package. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Tulip Siddiq, until today the government's anti-corruption minister, has resigned over alleged, er, corruption. Andy, Helen, Adam and Tim Minogue discuss the Eye's history with the wilted Tulip, all the way back to 2016. Plus, everything about grooming gangs *except* a certain petulant billionaire, and the very latest news on David ‘Rommel' Montgomery.

* 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

All of the fun of gambling without any of the boring math!'Devil Take The Hindmost' by Edward Chancellor is a series of snapshots across history of financial speculation (so called bubbles). Presents not only the instances of craziness but also the feeling of the time (notable periods being The Tulip Mania, South Sea Bubble and The Gilded Age amongst others). Not super heavy on statistics; more so newspaper articles, quotes from notable people and behavioural reactions of the people. Chapters are broken into individual time periods and you won't see any charts or graphs either.If you got value from the podcast please provide support back in any way you best see fit!Timeline:(00:00:00) Intro(00:03:09) Themes/Questions(00:22:23) Author & Extras(00:27:11) Summary(00:29:59) Value 4 Value(00:30:51) Join Live! Value 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcastConnect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcast

Every financial bubble in history, from the Tulip Mania of the 1600s to the 2008 housing crash, has followed the same cycle: euphoria, denial, panic, and collapse. In this video, I break down exactly where we are in today's bubble, how speculative growth and market concentration are fueling delusion, and why the collapse is already baked in. Learn what you can do now to protect your wealth before it's too late. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

Join us for a spirited conversation with Dave Pere, affectionately known as the "Military Millionaire," where we promise you'll gain insights on financial freedom specifically tailored for service members and veterans. Laugh along with us as we navigate the quirks of aging and health, all while exploring the playful rebranding of Dave as “Overlord,” thanks to a little help from AI-generated text. Dive into Dave's fascinating journey in real estate, from his successful ventures in boutique hotels to an exciting property negotiation in St. Croix.Our discussion takes an intriguing turn as we explore the transition from Airbnb properties to boutique hotel investments. Hear firsthand how we bring these projects to life, with roles in marketing, social media, and fundraising, as well as the perks of owning prime-location hotels. We'll share some humorous moments from our recording, all while delving into the strategy behind syndication investments, the benefits of pooling funds, and tackling market challenges like rising interest rates.Rounding out our chat, we reflect on personal goals, the balance of health, fatherhood, and the mission to support veterans in achieving financial freedom. We unveil ambitious plans to revolutionize banking for veterans and first responders, and highlight the importance of strategic investment decisions by drawing lessons from historical market phenomena like Tulip Mania. Whether it's the thrill of real estate investing or the cautionary tales of speculative bubbles, we promise a lively and enlightening discussion you won't want to miss.

Gabe of Libre Solutions Network and Mathew Crawford discuss all things bitcoin and how it seems the plan was to have Trump installed and push crypto. They comment on the role of the U.S. military, influencers, BlackRock, the potential future role of bitcoin erasing U.S. debt and functioning as a banking currency, digital gold, tulip mania, viewing the technology as neutral, bitcoin's future price, and more! Watch on BitChute / Brighteon / Rokfin / Rumble / Substack Geopolitics & Empire · Gabe (LSN) & Mathew Crawford: Bitcoin's Rise & It's Future Role...Tulip Mania or Digital Gold? #491 *Support Geopolitics & Empire! Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation Become a Member https://geopoliticsandempire.substack.com Become a Sponsor https://geopoliticsandempire.com/sponsors **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics easyDNS (use code GEOPOLITICS for 15% off!) https://easydns.com Escape The Technocracy course (15% discount using link) https://escapethetechnocracy.com/geopolitics LegalShield https://hhrvojemoric.wearelegalshield.com Sociatates Civis (CitizenHR, CitizenIT, CitizenPL) https://societates-civis.com Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Gabe (Libre Solutions) Websites Libre Solutions Network https://libresolutions.network Libre Solutions Substack https://libresolutionsnetwork.substack.com About Gabe (Libre Solutions) Gabe is working to share and teach the tools and tactics needed to oppose digital tyranny by encouraging others to start their journey in building up their own digital autonomy. Mathew Crawford Websites Substack https://roundingtheearth.substack.com X https://x.com/EduEngineer About Mathew Crawford Mathew Crawford is an Educator, Entrepreneur, Statistician, Finance Specialist, and Founder of Rounding the Earth. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Gabe of Libre Solutions Network and Mathew Crawford discuss all things bitcoin and how it seems the plan was to have Trump installed and push crypto. They comment on the role of the U.S. military, influencers, BlackRock, the potential future role of bitcoin erasing U.S. debt and functioning as a banking currency, digital gold, tulip mania, viewing the technology as neutral, bitcoin's future price, and more! Watch on BitChute / Brighteon / Rokfin / Rumble / Substack Geopolitics & Empire · Gabe (LSN) & Mathew Crawford: Bitcoin's Rise & It's Future Role...Tulip Mania or Digital Gold? #491 *Support Geopolitics & Empire! Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation Become a Member https://geopoliticsandempire.substack.com Become a Sponsor https://geopoliticsandempire.com/sponsors **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics easyDNS (use code GEOPOLITICS for 15% off!) https://easydns.com Escape The Technocracy course (15% discount using link) https://escapethetechnocracy.com/geopolitics LegalShield https://hhrvojemoric.wearelegalshield.com Sociatates Civis (CitizenHR, CitizenIT, CitizenPL) https://societates-civis.com Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Gabe (Libre Solutions) Websites Libre Solutions Network https://libresolutions.network Libre Solutions Substack https://libresolutionsnetwork.substack.com About Gabe (Libre Solutions) Gabe is working to share and teach the tools and tactics needed to oppose digital tyranny by encouraging others to start their journey in building up their own digital autonomy. Mathew Crawford Websites Substack https://roundingtheearth.substack.com X https://x.com/EduEngineer About Mathew Crawford Mathew Crawford is an Educator, Entrepreneur, Statistician, Finance Specialist, and Founder of Rounding the Earth. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

In this episode of Stupiracy, Scott and Tim delve into the historical financial bubble known as Tulip Mania. Explore how a simple flower bulb caused a massive economic crash in the 17th-century Netherlands. Learn about the cultural significance of tulips, the rise and fall of their prices, and the lasting impact of this financial frenzy on modern economics. This episode uncovers one of the first recorded instances of a market bubble and its surprising parallels to today's financial markets. Key Points: Introduction to Tulip Mania and its historical context. How tulips became a status symbol in the Netherlands. The escalation of tulip prices and the economic impact. The eventual crash of the tulip market and its aftermath. Comparison of Tulip Mania to modern financial bubbles. Resources Mentioned: Historical records of Tulip Mania. Articles on economic bubbles and market speculation. "Tulipomania: The Story of the World's Most Coveted Flower and the Extraordinary Passions It Aroused" by Mike Dash. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Stupiracy, Scott and Tim delve into the historical financial bubble known as Tulip Mania. Explore how a simple flower bulb caused a massive economic crash in the 17th-century Netherlands. Learn about the cultural significance of tulips, the rise and fall of their prices, and the lasting impact of this financial frenzy on modern economics. This episode uncovers one of the first recorded instances of a market bubble and its surprising parallels to today's financial markets. Key Points: Introduction to Tulip Mania and its historical context. How tulips became a status symbol in the Netherlands. The escalation of tulip prices and the economic impact. The eventual crash of the tulip market and its aftermath. Comparison of Tulip Mania to modern financial bubbles. Resources Mentioned: Historical records of Tulip Mania. Articles on economic bubbles and market speculation. "Tulipomania: The Story of the World's Most Coveted Flower and the Extraordinary Passions It Aroused" by Mike Dash. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Stupiracy, Scott and Tim delve into the historical financial bubble known as Tulip Mania. Explore how a simple flower bulb caused a massive economic crash in the 17th-century Netherlands. Learn about the cultural significance of tulips, the rise and fall of their prices, and the lasting impact of this financial frenzy on modern economics. This episode uncovers one of the first recorded instances of a market bubble and its surprising parallels to today's financial markets. Key Points: Introduction to Tulip Mania and its historical context. How tulips became a status symbol in the Netherlands. The escalation of tulip prices and the economic impact. The eventual crash of the tulip market and its aftermath. Comparison of Tulip Mania to modern financial bubbles. Resources Mentioned: Historical records of Tulip Mania. Articles on economic bubbles and market speculation. "Tulipomania: The Story of the World's Most Coveted Flower and the Extraordinary Passions It Aroused" by Mike Dash. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our adventure in the Netherlands continues with a quest to find the Walloons, the French-speaking religious refugees who became the first settlers of New Netherland in 1624. Their descendants would last well beyond the existence of New Amsterdam and were among the first people to become New Yorkers.But you can't tell the Walloon story without that other group of American religious settlers -- the Pilgrims who settled in Massachusetts four years earlier.All roads lead to Leiden, the university city with a history older than Amsterdam. Greg and Tom join last episode's guest Jaap Jacobs, the author of The Colony of New Netherland, to explore the birthplace of Rembrandt, the historic botanical garden and a site associated with Adriaen van der Donck (whose "patroonship," or manor, gives the city of Yonkers, New York, its name).Then they visit with Koen Kleijn, art historian and editor-in-chief of history magazine Ons Amsterdam, who takes them on a journey through Amsterdam's history -- from the innovative story of its canals to the disaster known as Tulipmania, the 1630 speculative mania that set the stage for generations of stock-market shenanigans.PLUS: A detour to Amsterdam Noord and a look at a miniature model of New Amsterdam, courtesy of the design and production team at Artitec. And while visiting Ian Kenny from the John Adams Institute, Tom and Greg come upon an old friend holding court in a fountain.PLUS: Tom sustains an injury --- from a bitterballen!

This episode delves into the history of tulip mania in the Dutch Republic during the 17th century, showcasing how a market bubble formed around tulip bulbs due to their rarity and desirable qualities. The frenzy led to speculative trading, with prices skyrocketing before collapsing in 1637, leaving many financially ruined and serving as a cautionary tale on the dangers of speculative investing.

Andy, Corey, and Noah dissect investment strategies amidst market uncertainty, emphasizing education, long-term investments, and Federal Reserve impacts. They analyze market perceptions, such as Michael Burry's banking sector moves and oil price shifts under the Biden administration. Addressing challenges in crash prediction, they explore psychological selling triggers and reflect on Newton's Tulip Mania loss, cautioning against greed.

WBZ NewsRadio's Chaiel Schaffel reports. 

Let's take a look at the trending morning events. Subscribe & click the

More homeless people have been created due to the housing supply crisis. Homelessness is up 11% since last year, per the WSJ. The opioid crisis, consumer inflation, and NIMBYism have contributed too. California has the most homelessness on both a total and per capita basis. States with higher housing costs have more homeless people. I share our poll results: “Should we pay to house the homeless?” Are you a NIMBY? We find out today. We can increase housing supply with rezoning, construction training, and lower mortgage rates. The cycle of investor emotions led to wild investing manias. It was tulip bulbs in the 1600s Netherlands and Beanie Babies in the 1990s United States.  I discuss exactly why “buy low, sell high” is more difficult than it sounds. Timestamps: The correlation between homelessness and the housing market [00:00:00] Discusses the relationship between the housing market and the increasing problem of homelessness in America. Investing manias and lessons from history [00:00:00] Explores the phenomenon of investing manias and the lessons that can be learned from historical examples. The tight inventory market conditions and potential solutions [00:04:56] Lawrence Yun, Chief Economist of the National Association of Realtors, discusses the tight housing market conditions and suggests tax incentives to increase housing supply. Timestamp 1 [00:10:32] Affordability of moving to different cities and the proposal of a tax incentive for real estate investors. Timestamp 2 [00:11:49] Discussion on the housing supply crisis, mortgage rates, and the homeless population in the US. Timestamp 3 [00:14:14] Increase in homelessness in America, reasons behind it, and the correlation between housing prices and homelessness rates. The impact of high density housing on quality of life and home value [00:21:12] Discussion on the potential negative effects of building high density housing near single family homes, including reduced home value, increased traffic and noise, and loss of nearby open space. Alternative solutions to increase housing supply and reduce homelessness [00:23:30] Exploration of alternative measures to address homelessness, such as trade training for the homeless and relaxing excessive safety requirements in home building. Giving real change to the homeless [00:25:50] Encouragement to give directly to homeless shelters or soup kitchens instead of giving small change to individuals on the street, with the concept of "give real change not small change" explained. Note: The timestamps provided are approximate and may vary slightly depending on the podcast episode. The Origins of Tulip Mania [00:31:37] Tulips were introduced to Europe in the 1500s and became a luxury item for the affluent. The cultivation of tulips locally in the Netherlands led to a flourishing business sector. The Tulip Bubble [00:32:55] By 1634, tulip mania had swept through the Netherlands, with the demand for tulip bulbs exceeding supply. Prices reached exorbitant levels, and futures contracts were being bought and sold. Lessons from Tulip Mania [00:37:53] Tulip mania serves as a model for financial bubbles, with similar cycles observed in other speculative assets like beanie babies, baseball cards, NFTs, and stocks. It highlights the dangers of excess, greed, and speculation without tangible value. The cycle of investor emotions [00:44:32] Explanation of the different stages of investor emotions, from optimism to panic, in relation to stock market investing. The peak of the stock market [00:46:43] Discussion on the peak of the stock market being the point of maximum financial risk and the difficulty of selling at the right time. Real estate as a stable investment [00:51:56] Comparison of real estate investment to speculative bubbles, highlighting the stability and income stream provided by real estate. Explains how the integration of HOA (Homeowners Association) helps maintain uniformity and cleanliness in the rental property investing world. Details about the upcoming real estate event [00:38:31] Promotion of a live event where listeners can learn about new construction fourplexes and have their questions answered in real time. Resources mentioned: Show Notes: www.GetRichEducation.com/463 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Welcome to Get Rich Education. I'm your host, Keith Weinhold. America's homeless problem has become FRIGHTENING. I describe how that correlates… with the housing market.  Then, investing MANIAS. What drives people to spend more for one tulip flower bulb than they would for an entire luxury home?    And lessons you can learn that'll benefit you the rest of your life from other manias throughout history. All today, on Get Rich Education.   ___________   Welcome to GRE! From Seaford, DE to Carmel-by-the-Sea, CA and across 188 nations worldwide, you're listening to one of America's longest-running and most listened to shows on real estate investing. Along with plenty of ongoing hot takes on wealth mindset and the real estate economy.    I'm your host, Keith Weinhold.    See, the crash in the SUPPLY of available American homes is bad and it isn't just creating more upward prices, it's a contributor to homelessness.    Let's talk about some of the drivers of homelessness, understand the problem a little more, how many homeless people ARE there in America, and then… what can we do about it?   As you'll soon see, one prominent real estate industry influencer actually suggests that you actually SELL your rental single family homes in order to help serve the homeless. More on that shortly.    Also, I have the results from a GRE Instagram Poll. The poll question is: “Should we pay to HOUSE the homeless?”    And the answers that you - the GRE listeners gave… actually surprised me. I'll give you those super-interesting poll results later, because I have more to explain there.   But first, what IS a homeless person? Let's define it. I think most anyone knows that since it's a person without a home, it's thought of as living on the street.   Really, then, that person might not be homeless but “houseless” in a literal sense. Even if they live in a tent under a bridge, that is then, their home. Though it might be INADEQUATE housing.   More accurately, the unsheltered or undersheltered population could be more apropos.     Then there's vagrancy. A vagrant is defined as a person without a settled home OR regular work… who wanders from place to place and lives by begging.   So vagrants are PART of the homeless population then. This all helps DEFINE what we're discussing.   Now, the lack of available American housing supply - especially the affordable segment - is OBVIOUSLY a big contributor to homelessness.   For example, anymore, how many builders even construct a new-build entry-level home for $200 or 250K? Practically nobody… anywhere.   And just how bad is the supply problem now? Well, the NAR has been tracking housing supply since 1982 and it just hit its lowest level ever this summer - EVER - and that's in 40+ years of tracking.    That's one reason why just last week, it was announced that Warren Buffett is making a big bet on housing by investing in homebuilders.   Now to keep consistent with the same stats I've been reporting to you for you, to update that, again 1-and-a-half million available homes is the baseline supply. That's the long-term “normal” per the FRED Active listing count.   And through last month, it's still under 650,000. That is STILL a housing SUPPLY crash of 57% from its peak of 1 ½ million.   I want you & I to listen to this upcoming piece together. This recent interview with NAR Chief Economist Lawrence Yun is from the 8th of this month.   Yes, HE is the one that basically wants you to sell your SF rental properties. And he makes his case for an inducement to get you to do this. (Ha!)   He's not proposing anything COMPLETELY ludicrous. It's REALLY interesting. Listen closely for that.   This about 5 minutes in length and there's a lot of material here within this clip - a nutrient dense piece, so I've got SO much to say about this when I come back to comment.    [Yun clip]    Yeah, the NAR Chief Economist there talking about how, much like I have for years, great opportunity is in the Midwest and Southeastern parts of the US.    With this greater ability for people to work from anywhere, when people move in from the pricy coasts, it's sooo affordable to them.   Moving from Manhattan to Cincinnati feels incredibly affordable.  Moving from San Francisco to St. Louis feels like you've upgraded from serfdom to a kingdom. Moving from Boston to Jacksonville feels like a total life makeover.   That's why, here at GRE, we're focused on properties in those INbound destinations.    Before I continue, especially for those outside the US, I know that it seems a little odd that Ohio and Indiana are in what we call the Midwest when they're actually in the northeastern quadrant of the nation.   But the fact that they ARE midwestern states is rooted in history and in cultural tradition.   So, getting back some new angles on the housing supply crisis.   Lawrence Yun proposed that a tax incentive be introduced to unleash the inventory of SF rentals from individual REIs.    And says that there are over 20 million single-family housing units that are rented out.    If we reduced or canceled the capital gains tax & just got 1% of that inventory on the market, he states that that would help.   Well, yeah, but even that then would only put about 200,000 units of the market - and they'd get snatched up so fast.   Now, if mortgage rates come down to say, 5%, it would unleash both housing demand AND supply.    Both - like Lawrence Yun says. So it's not apparent that that would help this shortage, if both demand and supply go up.   In a nation of about one-third of a BILLION people now - that's how I like to express it this year - America now has one-third of a billion people… also known as 333 million - how many do you think are classified as homeless?   As you think about that - as you think about how many of America's 333 million Americans are homeless, this homeless population figure that I'm about to share with you is from HUD and it's through last year, so it's their latest year-end figure.    And I'll tell ya, it's hard to believe this number. The Department of Housing and Urban Development states that about 582,000 Americans are experiencing homelessness.   Now, how HUD does this is that their number is a snapshot of the homeless population as of a single night at the end of January each year.    The total number of people who experience homelessness for SOME PERIOD each year will be higher than that.   I just did the math and then that means that just 1 in every 572 Americans are homeless. C'mon. Do you believe that? Only one in every 572 Americans are homeless?   I might believe that it's something like more than 1 in 200. What are your thoughts?   Even HUD would probably concede that there are shortcomings in that stat and that it's only a starting point.   And over the last decade, according to HUD, the homeless population is little changed… apparently until just this past year.   Homelessness is surging in America. The number of people experiencing homelessness in the US has increased 11% so far this year over 2022. That would be the biggest jump by far in equivalent government records beginning in 2007.   Now this 11% homeless jump is according to a WSJ analysis of hundreds of smaller & local agencies.    Most  agencies say the alarming rise is because of the lack of affordable housing and rental units, and the ongoing opioid crisis.   Inflation is part of that affordable housing problem. Inflation widens the disparity between the haves and have-nots.   To cut some slack to census-type of surveying, homelessness can be hard to measure. Some live on skid row, some live in the woods, some homeless people live in their cars.    Some aren't interested in being counted. Others are essentially invisible. I mean, if someone's between jobs and needs to couch surf at their aunt and uncle's place for three months, are they homeless or not? So, to be sure, there's a lot of leeway in those numbers.   One in 572 as homeless - that should just be a minimum - a starting point in my opinion.   Now, homelessness broken down by STATE is really interesting.   California at 171,000, has the most of any state, more than double of next-most New York, and then Florida is third.   But let's break that down by rate - on a per capita basis. So… think of this as the highest CONCENTRATION of homeless:   Washington DC has 65 homeless per 10,000 people. That's not really a state though, so…   #1 on a per capita basis is STILL California, with 44 per 10,000. So California leads in the nation in homeless on both bases then - both absolute and relative.   The second highest rate is Vermont.  Third Oregon Fourth Hawaii Fifth is New York And then numbers 6 through 10 on the most homeless per capita are Washington, Maine, Alaska, Nevada, and Delaware.   Now, strictly anecdotally. You've probably seen just what I've seen in the last year-plus - more visible homeless people in your city and other cities.   The state with the FEWEST homeless of all 50 states is Mississippi - and see, housing is quite affordable there. MS is one of the most affordable states for housing.    There is at least SOME correlation between your cost of housing and homelessness.   Recently on our Instagram page, and the handle there is easy to remember - it's @getricheducation - if you want to participate in future polls, we ran a poll on homelessness.   Here is the poll question that we ran - and I'd like you to think about your answer to this too.   “Should we pay to house the homeless?”    That's the question.    And in polling, the way that the question is phrased, of course, can skew your answer.    See, if instead, we phrased it as, “Should the government house the homeless?” you might have more ‘yes' answers - even though it's the same question - because you FUND the government.    But the question as we phrased it: “Should we pay to house the homeless?” - it also showed a photo of vagrants on a street curb under the question.   Here we the results, which surprised me, to:  Should we pay to house the homeless?   Those answering “Yes” were just 6% The no's were 45% But we also had a third option: “It's complicated”. 48% answered with that option.   So again, just 6% of you said we should pay to house the homeless and 45% said “no”. “48% said it's complicated”.   In a way, that makes sense to me since we have a largely entrepreneurial, self-made type of audience. I thought that might have happened.   But what surprised me is in how emphatic it was. It was a landslide. 7 to 8 TIMES as many of you said we should not pay for the homeless as those that said we should.   Well, the reason that I added - and I'm the one that ran the poll myself - they're quick to do. I added the paying to house the homeless “It's complicated” option because it IS complicated… that WAS the most popular answer.   I mean, why should you go to work and pay to house a stranger that has no income because he or she doesn't want to work?   But what if they're disabled and they can kinda work but not really work… or a zillion other complications.    Substance abuse is obviously a big problem that keeps homeless people homeless… and there's a substantial thought paradigm that says, if they're an abuser, then why would I pay for THEIR housing?   Substance abuse is just one reason that there is a population that's VOLUNTARILY homeless. They don't want to have to comply with a group home's ban on substances.    I wanted to address the homeless problem somewhat today, because here we are on Episode 463 of a real estate show and this is the most that we've even discussed it.   I think the perspective it gives you is that it helps you be grateful for what you've got.    But it's abundance mentality here. You can be grateful for what you have and at the same time, grow your means.   What else would help with more housing supply which would also move us toward mitigating the homeless problem?   Well, we've already discussed a number of them so I'll only go in depth with some fresh angles here.   Obviously, more homebuilding. We've done episodes on how 3D printed homes and shipping container homes are not quick, easy answers. Tiny homes might be but then you could get into a zoning density problem again.   Just last week, my assistant brought me this Marketwatch article that reported that the average American home size is shrinking just a little & that often times, new-build houses tend to be a little closer together.   That's what gets us into relaxing zoning requirements. But you know something, OK, this is going to be interesting.    This plays into NIMBYism. Not In My Backyard: communities saying that they don't want high-density housing built next to them.    Now, I think that there are a lot of critics of NIMBYism. But the criticism comes from people that live far out of that area and aren't affected.   Let me just play a fun little experiment with you here. Let me paint a picture of a fictitious life for you and just… place yourself there.   Say that you live in a nice single-family home, with a quarter acre lot. It's not a sprawling estate but you've got a good measure of privacy that way.   You're in a SFH, quarter-acre lot and two car garage. That is classic suburbia.   And… just a hundred yards away from your home there's a big, wide-open field where you walk your dog and use as a little makeshift golf driving range or whatever. Nice open space nearby.   Say you've got a fairly idyllic life here. It's always been this way since you bought the home years ago.   Suddenly, in your neighborhood of all SFHs, you learn that they want to build a bunch of fourplexes in the nearby lot where you used to throw tennis balls to your dog.   What can that do to your quality of life & your home's value, now that a bunch of new fourplexes and eightplexes were built nearby?   It reduces your home's value because there are less valuable, high density properties nearby.   It also increases the amount of traffic & even noise in your neighborhood. Now you can't use that nearby park anymore - it's been all-built up with these higher-density apartments.   So, let me go back and ask - point blank - did you really want all those new high-density developments near your home?   If that made you uncomfortable, that's NIMBYism. So it's quite natural to evoke that feeling type. You're just a human being.   How else can we increase housing supply to help reduce homelessness?   NOT with rent control. Over time, capping the amount of rent that a LL can charge gives property owners no incentive to improve their property and neighborhoods end up dilapidated.   We need more training for tradesman and laborers. How about training the homeless for that? But then someone's got to pay for that training.   Another measure that's become ridiculous is that we've gotta relax these excessive safety requirements in homebuilding. Now, some safety is good.   But when every single home - entry-level and all needs to have fire-rated shingles and fired-rated doors and GFCI outlets and smoke detectors in every room and carbon monoxide detectors all over the place, sheesh! Well, that raises the cost of housing for everyone.   In some earthquake-prone areas, you've got to have seismic restraining straps on your water heater or you can't even sell your home. Do you know how big of an earthquake it would take to damage your water heater like that?   And an excessive safety PROPONENT might say, yeah, but did you hear about that one family that died ten years ago that would have lived if they had carbon monoxide detectors?   Well, the counterargument to that is, yeah, but what about all the homeless people that were exposed to the elements and died in the cold because they couldn't AFFORD the more basic housing, the prices of which have escalated for all this excessive safety stuff.   Are you saying a middle class person's life is worth more than a poor, homeless person's life? That's the counterargument.    Again, some safety is good. But we've gone overboard in too many places - in housing & beyond.   Rising housing costs keep people homeless. A few weeks ago, I did that episode about escalating insurance costs.   I now own some properties that have extremely low mortgage rates and the insurance has gone up to the point where I pay more in monthly escrow expenses than I do principal & interest.    But, hey. I'm not homeless, and if you're listening to this, neither are you.   So when it comes to helping the homeless in the short-term, that campaign called, “Give real change, not small change.” - that really resonates with me.   Don't give 5 bucks to a vagrant on the corner. That just keeps them showing up at that corner, plus they're going to spend your 5 bucks on a cheap bottle of Monarch vodka.   Instead, if you're going to give, give to a homeless shelter or soup kitchen.    That's what's meant by “Give real change, not small change.” And that's something actionable.   Coming up next, investing MANIAS. How wild it gets - paying more for a tulip flower than a SFH, shooting and killing someone over a Beanie Baby toy… and then I'm going to wrap it all up with what all this has to do with the cycle of your investor emotions.   Around here, we don't run ads for the Swiffer. This week's sponsors that support the show are people that I've personally done real estate business with myself and have benefited from.    Ridge Lending Group specializes in INVESTMENT property loans in nearly all 50 states. Start your prequalification at: RidgeLendingGroup.com    Then, for super-passive real estate returns, check out Freedom Family Investments. Right now, what you can do, is just text “FAMILY” to 66866.   I'm Keith Weinhold. You're listening to Get Rich Education. ___________ Welcome back to the GRE Podcast. I'm your host and my name is Keith Weinhold.    If you've got a friend or family member that you think would benefit from the knowledge drops here on the show, you can simply tell them to grab the free Get Rich Education mobile app.   That's a convenient option for listening every week for both iOS and Android.   Today's topics of homelessness and investing manias could very well bring a new audience here, so…    A little more about my backstory. I'm from PA but got my real estate comeuppance in Anchorage, Alaska of all places & grew out nationally & internationally from there. I had humble beginnings and wasn't born anywhere near wealthy. I had to figure out how to build it myself.   But see, if I were born wealthy, I wouldn't have learned how to build it, and then I wouldn't be of much help to you. Likewise, if you're building it yourself, you'll be able to help others too.   BTW, I was born in the same PA town as Taylor Swift.    Though she & I don't have much ELSE in common, I guess that she & I are both best-known for using a microphone.   Though I think that I'm about as likely to start using this microphone to sing into your ears like Taylor Swift does… as Taylor is to launch a real estate investing show.   For hundreds of years, the tulip has been one of the most-loved flowers in the Netherlands. It's an enduring icon - as synonymous with the country as clogs, windmills, bicycles, and cheese. The tulip has a long and storied history - including the infamous shortage in the 1600s known as “tulip mania”. If you're someone that has even a fleeting interest in investing, you should at least know what this is.   Tulips first appeared in Europe in the 1500s, arriving from the spice trading routes… and that lent this sense of exoticism to these imported flowers that looked like no other flower native to the continent. It's no surprise, then, that tulips became a luxury item destined for the gardens of the affluent.  According to The Library of Economics and Liberty, “it was deemed a proof of bad taste in any man of fortune to be without a collection of [tulips].” Hmmm. Well, following the affluent, the merchant MIDDLE classes of Dutch society sought to emulate their wealthier neighbors and also demanded tulips. So to start out with, it was purchased as a status symbol for the sole reason that it was expensive. But at the same time, tulips were known to be notoriously fragile, and would die without careful cultivation. In the early 1600s, professional cultivators of tulips began to refine techniques to grow and produce the flowers locally in the Netherlands. They established a flourishing business sector that persists to this day. By 1634, tulipmania swept through the Netherlands. The Library of Economics and Liberty writes, “The rage among the Dutch to possess tulip bulbs was so great that the ORDINARY INDUSTRY of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade. Now, everyone's in - rich to poor. It's a little hard to say for sure how much people paid for tulips.  But Scottish journalist Charles Mackay, wrote an extremely popular 1841 book - you've probably heard of this book - it's called the Memoirs of Extraordinary Popular Delusions and the Madness of Crowds… It does give us some points of reference such that the best of tulips cost upwards of $1 million in today's money (but a lot of bulbs traded in the $50,000–$150,000 range).  By 1636, the demand for the tulip trade was so large that regular markets for their sale - like a little Dow Jones Industrial Average - got established on the Stock Exchange of Amsterdam, in Rotterdam, Haarlem, and other towns. It was at that time that PROFESSIONAL TRADERS got in on the action - that's all that some people do now - is trade tulips… and everybody appeared to be making money simply by possessing some of these rare bulbs.  Dutch speculators at the time spent incredible amounts of money on bulbs that only produced flowers for a Week—many companies were formed with the SOLE PURPOSE of trading tulips.  To everyone, at the time, it seemed that the price could only go up forever. Pretty soon, demand for tulips EXCEEDED THE AVAILABLE SUPPLY of tulips by so much that people were into buying futures contracts, basically saying, I'll pay you this much money TODAY for a tulip that you provide to me in 3 years. By the last 1630s, these futures contracts were like a crack that appeared in the price runup. Demand began to wane when people were just buying a token for a future tulip that hadn't even started growing yet.  People felt like they weren't buying anything tangible anymore. That's one factor that helped create an oversupply of tulips in the market and started depressing the prices. Supply caught up with - and exceeded - demand. A large part of this rapid decline was driven by the fact that people had purchased bulbs on credit, hoping to repay their loans when they sold their bulbs for a profit. But once prices started to drop, holders were forced to sell their bulbs at any price and to declare bankruptcy in the process. So people had begun buying tulips with leverage, using margined derivatives contracts to buy more than they could afford. But as quickly as the run-up began, confidence was dashed. By the end of 1637 is when prices began to fall and never recovered.   And the bubble burst. Buyers announced that they could not pay the high price previously agreed upon for bulbs, and that made the market fall apart.  While it wasn't actually a devastating occurrence for the entire nation's economy, it did undermine social expectations. The event destroyed relationships built on trust and people's willingness and ability to pay. It's been said that “the wealthiest merchants to the poorest chimney sweeps jumped into the tulip fray, buying bulbs at high prices and selling them for even more.” Well, this is what can happen - today it happens with financialization and nothing real backing up purchases. Tulipmania is a model for the general cycle of a financial bubble. That's what happened with Dutch tulips. Now, here in more recent times, similar cycles have been observed in the price of Beanie Babies, baseball cards - I got caught up in the baseball cards as a kid, owning more than 100,000 baseball cards at one time, also non-fungible tokens (NFTs), and shipping stocks.       The example of tulipmania is now used as a parable for other speculative assets, such as cryptocurrencies today or dotcom stocks from around the year 2000. So, when you hear someone likening an investment to a Dutch tulip bulb, now you'll know what they're talking about. It's a symbol of excess, greed, and FOMO. But there has been a good bit of more modern scholarship that tells you that tulip mania did indeed occur in the 1600s Netherlands. But that the tale has been exaggerated and it's something that the upper classes of society were mostly involved in. Now, that's the Dutch tulip bubble. But for a more modern-day parable about an investing mania, there's a new movie about the rise & fall of BEANIE BABIES that's on Apple TV+. These were little stuffed, plush toy animals that became more popular among adults than children. The rise and fall of Beanie Babies—toys that people mistakenly thought would make them rich. The movie is called “The Beanie Bubble”.  It's a MOSTLY TRUE account of the lovable toys' boom and bust in the '90s -  comparable to the meme stock frenzies that took place during the Covid-19 pandemic. These $5 pellet-stuffed plush toys had astronomical appreciation estimates: Stripes the Tiger, released in 1996, was predicted by collectors to surge from $5 to $1,000 by 2008.  Forecasts like these were so enticing that one dad invested his kids' college funds in Beanie Babies, thinking he'd resell them later for a hefty profit. At the height of the frenzy, people were ruining relationships and committing felonies to get their hands on some of these sacks of fuzz. Border officials confiscated more than 8,000 smuggled Beanie Babies at a US–Canada border crossing in 1998. A West Virginia man shot and killed a former coworker in 1999 after an argument partly about $150 worth of Beanie Babies. That same year, a divorcing couple couldn't agree on how to split up their collection, so the judge made them divvy up the toys in person, right on the courtroom floor. How did that all happen? Barely anyone cared about Beanie Babies when a company called Ty Inc. launched them in 1994. Stores only got lines out the door once the toy's creator, now-billionaire Ty Warner, began pulling strings to juice demand. Here's what Warner did. OK, so here's how you induce people into a speculative bubble. He refused to stock Beanie Babies at Toys R Us and Walmart. Instead he created an illusion of rarity by only selling them at small toy stores and independent shops. Even if you did find a retailer, every store's supply of Beanie Babies was limited to 36 of each animal, so inventory restocks drew a crowd. This, combined with Warner's decision to start “retiring” certain animals in 1995, created artificial scarcity and a mass panic to stock up on Beanie Babies.  Soon, an aggressive resale market was born, replete with magazines and blogs and even trade shows for these Beanie Babies. One woman's guide to the secondary Beanie Babies market got so popular that she was selling 650,000 copies per month and, on many days, she did two or three radio interviews before her kids woke up for school. Ty Inc. later gave her an award for boosting sales. At Peak Beanie mania, Ty Inc. and legions of speculators actually made hordes of money: The stuffed animals accounted for 6% of eBay's sitewide sales in 1997 and 10% in 1998. Beanies averaged a resale value of $30—six times their retail price—but rare ones, like the Princess Diana bear, went for hundreds or thousands of dollars (and now you can find one online for $15 bucks). Ty Inc. hit $1.4 billion in sales in 1998, which is what Mattel grossed in Barbie dolls in 1995. At the end of the year, Ty Warner gave all ~250 employees holiday bonuses equal to their annual salaries. But most regular people didn't sell their Beanie Babies at their peak price. And unfortunately for them, the hype subsided. Anticipating a drop in interest as more kids reached for Pokémon and Furbies, Ty Inc. announced it would stop making Beanie Babies at the end of 1999, and that poked a hole in collectors' this-will-never-not-be-popular mentality and that sent demand plummeting. There were no underlying fundamentals to Beanie Babies' value. That's all that I've got on that speculative craze.   So let's review how this happened with both speculative crazes - Dutch tulips and Beanie Babies: Investors lose track of rational expectations. Psychological biases lead to a massive upswing in the price of an asset or a sector. A positive-feedback cycle keeps inflating prices. And soon, investors realize that they are holding an irrationally-priced asset. Prices collapse due to a massive sell-off, and an overwhelming majority go bankrupt. Now, much stock market investing is based off of buy low and sell high mentality. And stock investors can get caught up in similar crazes.    But because many stocks are tied to productive companies, the stock investor deals with smaller bubbles. A lot of times, the stock price can double, triple, or even 10X even though that company is not even profitable. Buy low & sell high. Well, that sounds easy. But why is this harder to do than it sounds? It's called the cycle of investor emotions.   It starts here with… optimism. Because you HEAR about 10% stock returns or people making money with Dutch tulips or Beanie babies.    Let's say that you aren't fully invested in the stock market. But some friends are, and they're achieving small gains.   Then comes excitement. The market is now up some more. Hey, what's in motion tends to stay in motion.   More friends are telling you how much money they're "making".    You're soon experiencing a full-blown case of FOMO—Fear Of Missing Out.   The next stage is the Thrill you feel. So you jump into the stock market fully, rationalizing with something like, "Hey, I'm a momentum investor". Sounds pretty good, I guess.   Now that you're in, it actually feels fantastic to you for a short time. You figure that some days, you're making more from stocks than your job. Winning activates dopamine.    Dopamine is a brain chemical that's known as the “feel-good” hormone. It gives you a sense of pleasure. It also gives you the motivation to DO SOMETHING when you're feeling the pleasure.    So then, you add MORE shares… at an elevated price until you are FULLY invested. Now everyone is "making money", even your Uber driver.   The next stage is Euphoria - The peak! As you can see, this is the Point of Maximum Financial Risk.    OK, now, remember the simplicity of “buy low, sell high”?   Well then, savvy stock investors should now be SELLING here in my example - at the HEIGHT.   Now be “selling”? Leaving the party at its crescendo? Stopping the dopamine flow? Yes, exactly… and THAT'S why it's so difficult.    What happens after the stock market peak? Overbought, with bloated price-to-earnings ratios, the market soon drops 10% from its recent high.    That's what's known as a correction - a drop of 10% or more. Now you feel a little ANXIETY. Your dopamine flow is stifled.   Next, you tell yourself, "I shouldn't be worried because I'm a long-term investor." It's down 15%. You're experiencing DENIAL & FEAR.   Now you're checking the Robinhood app almost hourly to see if it will recover.   Next, comes Desperation & Panic - Stocks are down 20%, that's the definition of a bear market. You're devoting more mindshare to this each day than what's healthy.   Then there's Capitulation - Down 30%, you finally surrender to a FEAR of FURTHER LOSS. You're getting so sick of months of losing. You finally do it and cash out your stocks into a safe money market fund. Now you're out.   And you rationalize and justify doing this because you tell yourself, "You know, at least when I wake up tomorrow, I'll know that I haven't lost money AGAIN. And THAT gives me certainty.”    The next stage in the Cycle of Investor Emotions is Despondency - You realize that what you've done is the polar opposite of successful investing. It's complete. You've now bought high… and then sold low.    Next, stocks completely bottom out. But this is actually the Point of Maximum Financial Opportunity. Instead, you should be buying.   But you can't. Because you're experiencing the next investor stage - Depression. You're so full of contempt for the situation that the idea of actually buying at bargain-basement levels again is simply inconceivable. You've been burnt badly.   Then, there's Hope & Relief - The market has begun ticking up after the crash. It soon should be clear that share prices are FAIRLY VALUED again.    But you don't buy the recovery story. You wait until enough price growth occurs that the confidence and Optimism stage is felt again before you'll even consider getting back in and buying.   And the entire pattern repeats.   That's the “cycle of investor emotions”. There's an average of 3-and-a-half years between each stock bear market, BTW.   Of course, we've been kind to call this all “investing”. It's more like speculating.   But here's the real problem—most investors THINK they're better than average stock pickers, so they keep playing this game. This effect has a name. It's called illusory superiority.   It's like how at least 70% of people think they're better than average drivers, despite the statistical impossibility.   Even professional money managers fall prey to this! Fewer than 10% of active U.S. stock funds manage to beat THEIR benchmarks.   The renowned British economist and value investor Benjamin Graham once said: "The investor's chief problem—even his worst enemy—is likely to be HIMSELF." Well, as real estate investors, we largely SIDESTEP the cycle of investor emotions for two main reasons.   Returns are more stable.   Real estate, we sidestep this emotional roller coaster. Not only do we have stable prices, but appreciation is one of just 5 ways that you're simultaneously paid.   RE also has monthly income. Dutch tulips or Beanie Babies don't pay you a durable monthly income stream. They don't provide an income stream at all.   And finally, RE is a REAL asset that fulfills a REAL human need.   I hope that you enjoyed this journey through speculative bubbles today and how they play into human psychology and investor emotions.   Go ahead and tell a friend about Get Rich Education.   If you've got a friend or family member that you think would benefit from the knowledge drops here on the show, you can simply tell them to grab the free Get Rich Education mobile app.   That's a convenient option for listening every week for both iOS and Android.   My name's Keith Weinhold and I'll be back with you right here… next week. Don't Quit Your Daydream!

Today the History Guy tells two stories of economic history. First he tells the story about Tulip Mania, when beautiful tulips in the Netherlands were worth as much as a house. Then he tells the story of how Queen Victoria's interest in Fancy chickens helped to create the modern chicken industry we know today. MagellanTV - a brand-new streaming service that features the very best collection of historical documentaries available anywhere. The service includes over 3,000 documentary movies, series, and exclusive playlists across the major genres, with particular depth in Ancient History, Modern History, War and Military. Check out their curated history playlist, designed with you in mind. Claim your free month trial at: https://try.magellantv.com/historyguy

Behavioral finance has become a focal point for educational finance and professional certification programs, and one key reason is how it informs us about the flaws in our decision making around money. Steve and Nathan describe the built in biases that tend to lead investors astray. Also, our MoneyTalk Moment in Financial History covers the history of asset bubbles through the stories of Tulip Mania and the Japanese Asset Price Bubble.Hosts: Steven Beauvais & Nathan Beauvais EA, CFP®, CIMA®; Guest: Daniel Sowa; Air Date: 5/10/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.

Hayley tells the story of Elizabeth Holmes, the youngest self-made billionaire and inventor of 3 Edison machines in a trenchcoat. Elizabeth's blood analyzing technology was supposed to make the impossible possible. Only it really was impossible- if only someone had told her that. Then, Kat explains how tulip bulbs were the 17th century's version of turnips in animal crossing. Only, this was real life, and people spent their life savings on flowers. Produced by Parasaur Studios © 2023 https://linktr.ee/NightClassy Elizabeth Holmes Sources: In His Own Words: The Theranos Whistleblower https://youtu.be/9wf_2KYRPWQ The rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy who will head to prison this month after losing her bid to remain free during appeal Avery Hartmans https://www.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4 The rise and fall of Theranos, the blood-testing startup that went from Silicon Valley darling to facing fraud charges Pflanzer https://www.businessinsider.com/the-history-of-silicon-valley-unicorn-theranos-and-ceo-elizabeth-holmes-2018-5#but-holmes-was-not-deterred-holmes-went-on-to-drop-out-of-stanford-university-in-2003-at-the-age-of-19-to-start-theranos-which-was-then-called-real-time-cures-she-was-inspired-both-by-her-grandfathers-medical-career-and-her-summer-2003-internship-at-the-genome-institute-of-singapore-2 Elizabeth Holmes returns to court in bid to avoid prison Liedtke https://apnews.com/article/elizabeth-holmes-theranos-fraud-prison-sentence-754b44bc47eb200f032b75f45969cb07 Elizabeth Holmes https://en.wikipedia.org/wiki/Elizabeth_Holmes   Tulip Mania Sources:  https://en.wikipedia.org/wiki/Tulip_mania https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.history.com/news/tulip-mania-financial-crash-holland https://interestingengineering.com/culture/history-of-the-tulip-from-turkish-love-affair-to-dutch-tulipmania-obsession  

This week Beau and Dan chat about two different financial bubbles from the past. The ‘Tulip Mania' of Holland in the seventeenth century, where the value of tulip bulbs became insanely inflated, only for the market to utterly crash overnight; and the legendary ‘South Sea Bubble' in the eighteenth century, which saw the first true crisis on the London exchange, ending in disaster for all concerned. A classic case of boom and bust. Can we learn lessons from these examples?

The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation drove the value of tulip bulbs to extremes. At the market's peak, the rarest tulip bulbs traded for as much as six times the average person's annual salary.Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to, but was the story true?In today's video we look at the story of Tulip Mania as told by Charles Mackay in his book Extraordinary Popular Delusions and the Madness of Crowds, and learn that Charles Mackay was maybe not as good as you might expect at spotting bubbles.Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show

How a flower imported from China, via the Ottoman Empire, grabbed hold of the imagination of a nation

Recent news headlines have been full of discussion of the current ‘crypto winter', a season where the value of cryptocurrencies has plummeted causing financial devastation and destroying what looked like thriving crypto institutions. This week we're joined by Christian tech writer and Baptist minister Chris Goswami to try to unpick how we should feel as believers about cryptocurrencies and their dramatic fall in recent months. What is bitcoin, and is it any different to previous internet-based tech industries we could invest in which have boomed and gone bust over the years? Is crypto just a Ponzi scheme, a 21st century version of Tulipmania, or is there something useful and transformative being built on the blockchain? Find more of Chris's writing on tech and faith at his website – www.7minutes.net Subscribe to the Matters of Life and Death podcast: https://pod.link/1509923173 If you want to go deeper into some of the topics we discuss, visit John's website: http://www.johnwyatt.com For more resources to help you explore faith and the big questions, visit: http://www.premierunbelievable.com

In the 17th century, the Netherlands was struck by the world's first investment bubble. They weren't investing in stocks or bonds, or real estate. They were investing in…..tulip bulbs.  Tulip bulbs became a mania, and even common people were spending money on tulips. The price of some tulip bulbs rose so high that, at one point, a single bulb was worth ten times the annual salary of a laborer.  Learn more about Tulipmania on this episode of Everything Everywhere Daily. Subscribe to the podcast!  https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes -------------------------------- Executive Producer: Charles Daniel Associate Producers: Peter Bennett & Thor Thomsen   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Page: https://www.facebook.com/EverythingEverywhere Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The fall of Crypto King FTX may be the beginning of the end of rampant speculation in cryptocurrencies. What was originally thought to be a way out of government regulation and oversight may turn out to be the catalyst for the most intrusive and far-ranging government regulation of your finances and personal information in the history of this planet. Make no mistake: Block chain and distributive ledger technology is here to stay. It is the next wave of accounting and information storage and exchange. However, the marquee names for crypto currencies like Bitcoin, Ethereum and Tether may just have been the latest Ponzi Scheme or Tulip Mania, and may give way to sovereign controls, as  governments across the planet supplant or take control of crypto currencies like Bitcoin in the name of regulation or consumer safety. Listen to the re-release of my interview with Dr. Philippa Malmgren, economist, entrepreneur and  former Presidential Advisor as we discuss these topics.  Pippa is wonderfully insightfully and will give you a likely view into the future of crypto, NFTs and more so you can determine whether the rust to crypto craze is the latest Ponzi scheme or the beginning of a Brave new World, and………. Who will be the winners and losers in the Crypto World? In our Legal Segment:  SLG will examine the latest news on the FTX bankruptcy, a test run for the U.S. Digital Dollar and new regulations governing discharge of student loan debt in bankruptcy.   Disclaimer: None of the legal, or financial opinions or information expressed in this podcast may be relied on as legal, or investment advice by Scheer Law Group, LLP. Laws and economic issues affecting the subjects of this podcast change daily. This mandates specific review of legal or economic issues of interest or concern to you with legal counsel or financial advisors who are experienced in the areas of law or finance discussed in this podcast. For more on Scheer Law Group, LLP, go to www.scheerlawgroup.com

ปลายศตวรรษที่ 16 เป็นยุคสมัยแห่งความรุ่งเรืองของชาวดัตช์ เศรษฐกิจ ศิลปะ เทคโนโลยี วัฒนธรรม ของดัตช์ พุ่งถึงขีดสุด การค้าขายก็แผ่กระจายอำนาจออกไปในหลายพื้นที่ทั่วโลก และสิ่งที่พวกเขาได้มาจากการค้าขายกับจักรวรรดิออตโตมัน คือ ดอกทิวลิป แต่ต่อมาใครจะรู้ ว่าดอกไม้หน้าตาเป็นเอกลักษณ์ชนิดนี้ จะกลายเป็นต้นเหตุของฟองสบู่การเงินที่แตกโพละเป็นครั้งแรกของโลก ด้วยความนิยมถึงขั้นที่ผู้คนต่างเก็งกำไรจากมัน ตั้งแต่ยังเป็นเพียงหน่อหัวของดอกไม้เท่านั้น ในช่วงที่เกิดอาการ ‘คลั่งดอกทิวลิป' ที่มีบันทึกว่า ดอกทิวลิปเพียงหนึ่งดอก มีราคาเท่ากับที่ดินผืนหนึ่งเลยทีเดียว #SalmonPodcast #MoneyArmageddon #DPA #สถาบันคุ้มครองเงินฝาก #กลต #SEC #สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ #วันเงินตราวินาศ Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Oliver of Myrmikan Capital joins Keith and Dickson on the Gold Exchange Podcast to talk about the history of credit bubbles, the inevitability of central bank failings, and what history can tell us about the current Fed's trajectory.

Tulipmania has stuck in our collective memory as one of the biggest economic calamities to ever strike the western world. The popular narrative holds that in 17th century Holland, ​​homes were mortgaged, reputations were ruined, and livelihoods were lost—all so that tulip bulbs could be bought at higher and higher prices. And when the “bubble” burst, chaos ensued. In fact, the truth was far less sensational. But contemporary 17th-century artworks can shed some light on the real Tulip Fever, and perhaps give us some clues as to why Tulipmania continues to hold such power over our notions of the Dutch Golden Age. Today's Images: Jan Breughel the Elder, Still Life with Tulips, Chrysanthemums, Narcissi, Roses, Irises and other Flowers in a Glass Vase (1608-1610). Oil on copper. The National Gallery, London. and Jan Brueghel the Younger, A Satire of Tulip Mania (c. 1640-1650). Oil on Panel. Frans Hals Museum, Netherlands. Jan Brueghel the Younger, Allegory of Tulipomania (c. 1640-1650). Oil and gold on Panel. Private collection, France. ______ New episodes every month. Let's keep in touch! Email: artofhistorypod@gmail.com Patreon: https://www.patreon.com/matta_of_fact Instagram: @artofhistorypodcast Twitter: @ArtHistoricPod TikTok: @artofhistorypod // @matta_of_fact Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 226: This is a clip taken from the full episode with Jack Pitts on March 15, 2022. In this clip, Jack talks about use cases of Tulips during Tulipmania and goes over history during that time period regarding the Tulip euphoria. Social MediaJack PittsTwitter: equitydiamondsLinkedin: John "Jack" PittsSLicktionary.com

The Black Tulip by Alexandre Dumas audiobook. The Black Tulip, written by Alexandre Dumas père and published in 1850, is a historical novel placed in the time of Tulipmania in the Netherlands. The novel begins with the 1672 politically motivated mob lynching of the de Witt brothers and then follows the story of Cornelius van Baerle, godson of Cornelius de Wit. Cornelius Van Baerle has joined the race to breed a truly black tulip – and to win the prize of 100,000 guilders, as well as fame and honour. As he nears his goal he is jailed and then of course rescued – by the beautiful Rosa, daughter of the jailer.

During the era of the Dutch golden age in 1637, it's said that one tulip bulb could of bought you a beautiful house on the canal in Amsterdam. Discover how the obsession with these unique flowers allegedly caused the first and most famous market bubble crashes.

after being super exciting and trendy and taking their cats to the vet Mattie and Austin had enough time in their busy lives to record a new episode! Mattie starts us off by talking about those adorable lil bandits Raccoons (aka Trash Pandas) and how they are an incredibly destructive invasive species that is on an unstoppable march across Japan and Europe. we also get a bunch of cool facts and Austin has to answer a true or false quiz that he in now way studied for. then Austin talks about Tulip Mania. A financial crash that even though it was all about people buying flowers for the same cost as a house, was still a better investment than NFTs. Twitter: @onthetestpod Facebook: Facebook.com/onthetestpod Insta: @onthetestpod onthetestpod.com theme song by https://www.fiverr.com/nilgunozer

In the Dutch Republic of the 1630's trading in tulips went mad with bulbs and even parts of a bulb changing hands for astronomical prices. Historian Mike Dash traces the extraordinary story from its beginnings centuries before up to and beyond the inevitable crash. I can't recommend Mike and his books enough. Hard core history and a fantastically accessible reading style. His book Tulipomania is an absolute pleasure.

It's Tulipmania baby! "What's that?", we hear you ask. The Bloom Festival-Wrestlemania crossover we were all hoping for? Unfortunately, nope. But it's probably even more interesting! Neil has persuaded economist, broadcaster and author David McWilliams into talking us through the tulip bulb mania that swept across 17th century Holland, a time when one bulb could cost 20 times the wage of a skilled worker!If that's not enough we also get an update on Dave's World Record and Neil explains how your dog's face is manipulating you.Don't say we don't spoilt you.Episode Source:https://www.bbc.com/news/business-51311368 Presented and Produced by Neil Delamere and Dave MooreEdited by Cathal MinogueMusic by Dave MooreArtwork by Ray McDonnell Hosted on Acast. See acast.com/privacy for more information.

Dawn and guest, Brian Kiley, were backstage at a comedy show when they first realized their shared love for History. In this episode, the two get to really let their nerd-flag fly and take turns sharing their favorite LOL moments from a wide variety of people, places and timelines. Prepare to feel (comparatively) less stupid in this episode devoted to History's Great Mistakes:00:04:40 - Before we dig deep in annals of history, we learn about Brian Kiley. How he first came to comedy, his Emmy nominations and wins for Conan O'Brien and Ellen - and how one prepares to make a 'last minute' appearance on Letterman. 00:10:43 - In addition to being a comedy writer, Brian Kiley is also a fiction-writer with two novels: The Astounding Misadventures of Rory Collins and Maybe Kevin.00:16:11 - Dawn finds herself in "nerd Paradise" as they prepare to jump in and swim around in the HILF of Great Mistakes.00:18:17 - Brian kicks things off with a hilarious and are-you-kidding-me nugget from our friends, the Pilgrims, and a certain 7' Native American. 00:20:54 - Dawn tells the story of The Children's Crusade - a tragically face-palming blip in the holy wars of Middle Ages in which a 12 year-old boy led over 30,000 children, on foot, across Europe to reclaim Jerusalem by slaying the enemy with their innocence... I know, right? 00:25:38 - It's Brian's turn and he brings us a moment featured in the movie THE RIGHT STUFF, in which astronaut John Glenn is temporarily mesmerized by brilliant otherworld particles in space... that turned out to be anything but. 00:27:33 - Dawn illustrates the ridiculous story of TULIP MANIA, when the Netherlands found themselves in the midst of the first economic bubble... but it was so pretty!BREAK00:33:22 - Before we jump back in, Dawn asks Brian if there is a comedian he can trace back to the origin of his interest in comedy, and he can:  Dick Gregory. 00:35:13 - Brian delivers the next LOL-HILF on his list, the hilarious story of the first hot-air ballon in France and the bizarre and yet totally predictable way that the people who see it react. 00:38:27 - In a one-two punch, Brian then tells the story of bright, yet unfortunate President Jimmy Carter and why his 2nd term seemed doomed to failure from the launch. 00:43:13 - It's Dawn's turn with a HILF of the worst building in London 'The Fryscraper' - and good/bad news - you can visit it to this day... and if you do, PLEASE SEND VIDEO. 00:48:57 - Brian was with his son in DC when he saw a misprinted headline from 1976 that suggested that two of the oldest, whitest, straightest guys in American politics just made-out in New Hampshire.00:52:00 - Wait til you hear what attempted presidential assassin, Squeaky Fromme, said as Gerald Ford's security took her down. 00:55:50 - Before I let him go, Brian delivers one more nugget about a presidential pet that would have been a welcome guest on HILF... if not a host. ---THANK YOU so much for listening. Please subscribe, share, rate & review us!LIVE RECORDING - May 26th, 2022 at The Glendale Reading Room in Glendale, CaliforniaNEXT EPISODE - EP17: Joan of Arc with Lauren Prichard. 

It's May and this week we're talking about the history and science of flowers, Tulip Mania and other flower crazes, and the secret meanings of bouquets and flower arrangements. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/secretloft/support

What does the Dutch royal family, carrots, and the color orange all have in common? This week Tristan and Allison are joined by Mike to discuss how the Dutch Revolution effected  farming. Along the way we cover questions like "what was the original color of carrots" and "where do baby carrots come from?" The answers may surprise you!Listen to Circadian Rhythms and the Meaning of TimeClick here to share your Listener Lookup with us! It can be new information you have about something we covered in this episode, a random fact you love to share, or just tell us about a cute cat video you watched recently.Click subscribe to have all future episodes automatically downloaded and make sure to leave us review!Follow us on:TwitterFacebookInstagramSupport the show

This week's episode is inspired by long time curiosities and the coming of Spring. Bay fills us in on the Tulipmania craze of the 1600's and Jay uncovers the alleged "Curse of the Kennedys."

First Market CrashOn this day in 1792, Wall Street had its first major crash in history, on "Black Monday," as Treasury bonds lost 10% of their value and shares in the Bank of the United States dropped 12%. The Panic of March 19, 1792Prior to the Financial Crisis of 1791–92, the Bank of the United States over-expanded its credit creation, which led to a speculative rise in the securities market. When a number of speculators ultimately defaulted on their loans, it set off panic selling of securities. In response, then-Secretary of the Treasury Alexander Hamilton cajoled many banks into granting discounts to those in need of credit in multiple cities, in addition to utilizing numerous policies and other measures to stabilize U.S. markets. First Credit CrisisThe Panic of 1792 was the first credit crisis in the US Stock Market. It occurred during the months of March and April 1792. The first market crash was precipitated by the expansion of credit by the newly formed Bank of the United States. With rampant speculation on the part of William Duer, Alexander Macomb, and other prominent bankers at the time. Duer, Macomb, and other speculators tried to inflate prices of US debt securities and bank stocks. They defaulted on their loans causing prices to fall which caused a "run on the bank". At the same time, the Bank of the United States was "tightening credit" which (as always) intensified the initial panic of 1792. Alexander Hamilton was Secretary of the Treasury at that time. Hamilton jumped into action by providing banks with "easy money" which allowed the banks to make open-market purchases of securities. Hamilton's actions helped the market to stabilize by May 1792.First Market Crash TimelineThe Last 100 Year History of Market Crashes. Mostly from InvestopediaWhen we have a stock market crash, it's often the result of events that cause investors to react out of fear which means selling their securities. Bad news about the economy along with current sentiment and current events always have the potential to set off a chain reaction that leads to a market crash. This type of market crash has happened regularly throughout history. US stock market crashes go all the way back to the 18th century and while there is no official market crash timeline for the US Stock Market here's a few highlights you may find helpful:Market Crash HighlightsA Market Crash can have major economic impact and it can take a significant amount of time for "the market" to get back to its pre-crash level.The earliest market crash is known as the "Dutch Tulip Bulb Market Bubble". Also known as Tulipmania, which took place in 1637.The first US market crash was the Credit Crisis of 1791–92. Some call this market crash "Black...

In the seventeenth century, the Dutch Republic flourished, with advances in trade, science, and art. During their Golden Age, they saw the development of complex economic institutions, including the creation of publicly traded companies like the Dutch East India Company and the formation of more advanced trading mechanisms, building a robust futures market. Alongside these massive innovations, the tulip bulb, finding its origins in modern-day Turkey, slowly crept its way into Dutch territory. What would follow would be history's first wide-scale speculative bubble, seeing the immensely popular tulip bulbs become greatly overvalued. In this episode, we are joined by Dr. Jeff Aziz, a senior lecturer and a Faculty Fellow at the University of Pittsburgh's Honors College to discuss the relevance of the Tulip Mania in the bustling social and economic Golden Age of the Dutch Republic.

Characteristics of the market cycle Comparing certain assets and our market today to the Tulip bubble of Amsterdam in the 17th century Where are we in the market cycle? What is the cause of the boom/bust cycle? What are the symptoms? Will bitcoin survive the next recession? Dave and I (Brandon) have probably the most thought provoking discussion ever on this show on where crypto currency fits into the current business cycle and whether or not it will survive the next recession. What does the rise in interest rates mean for the every day person? Dave says buy $RIOT and $KULR. Tickers mentioned $btc, $btc.x, $kulr, $riot, $spce --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/chinchillapicking/support