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 01, 2018 00:11:26
Episode Cover

CryptoQuikRead_016 - Bitcoin 0.16.0 is Released: Here's What's New

Final release for Bitcoin 0.16.0 has hit mainnet! Find out what's inside. If you are looking for the most knowledgable and reasoned news and...

Listen

Episode

July 26, 2022 00:46:45
Episode Cover

Read_639 - How Fedimint Scales Bitcoin Custody [Namcios]

“Fedi and Fedimint will help put monetary power back into the hands of everyone, everywhere,” said Fedi Inc. co-founder and CEO, Obi Nwosu, in...

Listen

Episode

December 03, 2022 01:13:27
Episode Cover

Read_680 - Green Eggs and Ham, Part 2 [Farrington & Big Al]

"We believe the core of the cultural fissure between crypto and bitcoin comes down to financialization. While the ethos of bitcoin is to definancialize,...

Listen