KDC #90: Stefanie von Jan & Emil Sandstedt - "Money Creation in Fiat System"

Stefanie von Jan & Emil Sandstedt join me in this episode to discuss the fundamental questions on "Money Creation in the Fiat System".    We talked about:   ⁃ Money creation at central banks and banks in the process of both credit creation and asset purchase   ⁃ Discussion whether fiat money is „debt“ or „money“ and reconciliation of both - fiat money as „debt money“   ⁃ The fiat system as a debt system (fiat is backed by future tax payments) ⁃ Debt money is destroyed when paid back - money created through asset purchase cannot be destroyed ⁃ Fiat as a medium due to its acceptance as a medium of exchange ⁃ Fiat is not a good store to value since new money creation is centralized and therefore unreliable    ⁃ The Federal Reserve forwards its revenue to the government and can therefore not be considered independent    ⁃ Discussion of the importance of scarcity for a sound money   ⁃ Stock to flow as a measure of scarcity    ⁃ Inflation - when does it hit us and how strongly?    ⁃ Did central banks buy Bitcoin already or are they going to do so?    ⁃ Transition to Bitcoin as a monetary system - gradually then suddenly    Links of Stefanie von Jan & Emil Sandstedt:    twitter: @stefanievjan twitter: @bezantdenier   Article by Stefanie: "Money creation in the fiat system — a balance sheet analysis of central banks and banks" Book by Emil: "Money Dethroned- A Historical Journey"  I would appreciate a positive rating & review on anchor.fm/keyvandavani or any of these platforms: Subscribe to my Podcast-Show on:  Apple Podcast: https://apple.co/2IA2dhV Google Podcast: https://bit.ly/31rSymq Spotify: https://spoti.fi/2wOfq1k Breaker: https://bit.ly/2IzhiQO Overcast: https://bit.ly/2R4nnbJ Castbox: https://bit.ly/34DbM97 Pocket-Casts: https://bit.ly/2XElbKv Radio Public: https://bit.ly/2I86iuH  twitter: @keyvandavani   Website: keyvandavani.com/podcast   TheTotalConnector.com YouTube: youtube.com/c/keyvandavani   Ethical Bitcoin sponsors are welcome! [email protected]  Thank you for listening and your support! Keyvan