THIS Is the Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous

The meteoric rise of Bitcoin and other cryptocurrencies over the past years just goes to show that even something as ubiquitous as money is ripe for disruption.

And even though crypto is a space that many of us are just beginning to understand, its principles call into question the validity of the existing fiat monetary system.

In his latest book, The Fiat Standard: The Debt Slavery Alternative to Human Civilization, Dr. Saifedean Ammous sets out to do just that.

Using the first principles thinking that he used to write his bestselling book, The Bitcoin Standard, Dr. Ammous analyzes the history of fiat currency, the shift away from the gold standard, and the economic, social and political fallout that came as a result.

Find out more by ordering his book here: https://amzn.to/3DRdLbf

SHOW NOTES:

00:00 | Introduction

01:28 | What is Fiat Currency?

05:57 | How Types of Money are Created

14:25 | Fiat, Self-Correction, and Hyperinflation

18:10 | What is Hard Money?

23:48 | The Transition to Universal Debt Slavery

27:54 | Fiat vs. Hard Money

33:10 | Deflation vs. Inflation

43:22 | Why the Wealthy Hold the Most Debt

46:23 | Has Fiat Currency Ruined the University?

1:01:34 | Bitcoin vs. Central Planning

1:05:26 | Why Printing Money is Destructive

1:19:28 | Bitcoin vs. Gold Standard

1:24:18 | How Bitcoin Will Consume the Bond Market

1:28:06 | Transitioning to a Crypto Economy

Follow Dr. Saifedean Ammous:

Website: https://saifedean.com/

Twitter: https://twitter.com/saifedean

Instagram: https://www.instagram.com/saifedean/

Order The Fiat Standard: https://amzn.to/3DRdLbf

Check out our sponsors:

Athletic Greens: Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase!

Indeed: Get a FREE $75 CREDIT to upgrade your job post at indeed.com/IMPACT

Tommy John: tommyjohn.com/impact

Blinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription.

Are You Ready for EXTRA Impact?

If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.

Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.

This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.

Subscription Benefits:

• Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
• New episodes delivered ad-free
• Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
• You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
• Legendary Mindset: Mindset & Self-Improvement
• Money Mindset: Business & Finance
• Relationship Theory: Relationships
• Health Theory: Mental & Physical Health
• Power Ups: Weekly Doses of Short Motivational Quotes

Subscribe on Apple Podcasts: https://apple.co/3PCvJaz

Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https...