About this episode
Guy Swann discusses the inherent cheating and manipulation in the financial system and questions the role of hard money in economic stability.
"When you really dig into the heart of how finance, how our monetary system and how our political system work, and how deeply married they are, you begin to see something that's pretty disturbing. That cheating and manipulation aren't simply something that arise in bad behaviors. They're fundamentally required by the system itself. They're baked in. They are the standard. It is the law. And if that is our reality, then the only way we can actually restore honesty and sensible standards is to create a money that refuses to bend to the law. So the question is, have we done that?" ~ Guy What if the cheating, the manipulation, and the bailouts aren't bugs in our financial system, but the very features that keep it alive? In this rant, I push back hard on the idea that "elastic money" saved us from the 2008 collapse, the 1929 catastrophe, or any other economic event we've "papered over", and argue it's the very thing guaranteeing a far worse one. Is hard money really the villain of the 20th century, or have we been telling ourselves a comforting lie? References from the episode The previous Read of "Number Go Down", the essay by Allen Farrington and Sacha Meyers (Link…
People in this episode
Host: Guy Swann
Topics covered
- finance
- monetary system
- political system
- cheating
- manipulation
- hard money
- economic events
Keywords
- finance
- monetary system
- cheating
- hard money
- economic collapse
- bailouts
- elastic money
Mentioned in this episode
Organizations: Custodia Bank
Books & works: Number Go Down, Modern Money Only Works by Cheating
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