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

May 23, 2022 00:49:19
Episode Cover

Reboot - Why the Yuppie Elite Dismiss Bitcoin [Croesus]

"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped...

Listen

Episode

April 07, 2025 00:31:16
Episode Cover

Reboot - Read_256 - 21 Lessons of the Bitcoin Rabbit Hole - Chapter 1 (Philosophy)

Returning to a classic! I revisit Gigi's "21 Lessons of the Bitcoin Rabbit Hole," starting with Chapter 1: Philosophy. What does Bitcoin have to...

Listen

Episode

May 10, 2023 00:34:15
Episode Cover

Read_730 - High Fees? Bitcoin is Working as Designed [Matt Odell]

"Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based...

Listen