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

November 11, 2024 00:50:36
Episode Cover

Ai Take_036 - Does AI Even Have a Product?

Is the pursuit of artificial general intelligence a pipe dream? Are the economics of building massive AI models unsustainable? And what if the future...

Listen

Episode

May 01, 2019 00:35:46
Episode Cover

CryptoQuikRead_242 - Neutrino is Dangerous to my Self-Sovereignty [Nicholas Dorier]

In the follow-up to yesterday's article, we are covering Nicolas Dorier's second article on Neutrino, detailing the systemic risks of widespread SPV, and breaking...

Listen

Episode

March 01, 2018 00:05:51
Episode Cover

CryptoQuikRead_003 - Bitfury Group Unveils Crystal [JP Buntinx]

Did Bitcoin ever give us privacy, or will we get the opposite? Our article today is from TheMerkle.com and is titled: BitFury Group Officially...

Listen