Read_821 - The Most Important Thing You'll Read This Year

May 17, 2024 00:58:54
Read_821 - The Most Important Thing You'll Read This Year
Bitcoin Audible
Read_821 - The Most Important Thing You'll Read This Year

May 17 2024 | 00:58:54

/

Hosted By

Guy Swann

Show Notes

"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass."

~ Cole Walmsley


Today we tackle the intricacies of fiscal irresponsibility through a Twitter thread by Cole Walmsley. As the U.S. government’s deficit spending spirals into what can only be accurately described as a “masterclass Ponzi scheme,” listeners are beckoned to question: How long can this last? With the state of national debt, the illusion of monetary stability, and the inevitable downfall of fiat currencies, are we witnessing the death throes of the dollar, and can a new monetary system rise from the chaos?


Guest Links

Host Links


Check out our awesome sponsors!


"The whole government is a Ponzi scheme."
~ Bernard Madoff

Other Episodes

Episode

March 12, 2018 00:20:34
Episode Cover

CryptoQuikRead_022 - Sidechains - Why These Researchers Think They Solved a Key Piece of the Puzzle

Sidechains have always been considered a critical part of the future of cryptocurrencies.  What has been holding it back, and is there finally a...

Listen

Episode

May 26, 2020 00:30:22
Episode Cover

Read_397 - How Lightning Will Grow Following BTC's 3rd Halving [Peter Chawaga]

“It’s going to be really interesting to replicate some of the token-based authentication schemes that we already have with centralized providers but do it...

Listen

Episode

January 31, 2020 00:44:14
Episode Cover

CryptoQuikRead_346 - The Kindest Cut; Why The 2020 Bitcoin Halving... [Peter C. Earle]

"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and...

Listen