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

Impact Theory with Tom Bilyeu

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

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