Ep. 014: The History of Money and the Downfall of the Dollar w/ John Sneisen

Let us start by saying that there is currently over $72 trillion in global debt. In this episode we talk with the face behind the Economic Truth, John Sneisen.  John is an author and economic historian from Canada who specialises  in the history of money/global capital. Reece and I have been really interested in the current macroeconomic outlook, how we got to the fiat monetary system we have today, and finally if there is a solution to the mess we are in - John was the perfect guest to answer all of these questions.You may be thinking, really..? The history of money..? BORING!But trust us this is anything but boring. In this episode we cover:Johns journey and why he chose to pursue macroeconomics, specialising in the history of global capital;the history of money and trade, including how we went from the medium of exchange of bartering (i.e. trading wheat to beef) to the current paper based fractional system;the flaws of a paper based fiat system;how bitcoin and cryptocurrencies come into play; andwhether there is a solution to this madness.For more info about John:The Economic Truth websiteLinkedinFollow us on Instagram to stay updated!Thanks again for listening,Ben & ReeceFollow us on Instagram to stay updated!Thanks again for listening,Reece & Bendd