The Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous (Replay)

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/3DRdLbfSHOW NOTES:00:00 | Introduction01:28 | What is Fiat Currency?05:57 | How Types of Money are Created14:25 | Fiat, Self-Correction, and Hyperinflation18:10 | What is Hard Money?23:48 | The Transition to Universal Debt Slavery27:54 | Fiat vs. Hard Money33:10 | Deflation vs. Inflation43:22 | Why the Wealthy Hold the Most Debt46:23 | Has Fiat Currency Ruined the University?1:01:34 | Bitcoin vs. Central Planning1:05:26 | Why Printing Money is Destructive1:19:28 | Bitcoin vs. Gold Standard1:24:18 | How Bitcoin Will Consume the Bond Market1:28:06 | Transitioning to a Crypto EconomySPONSORS:Be sure to get your copy of Lisa’s book, Radical Confidence, here: https://radicalconfidence.com/Sign up for just $1 a month with your trial period at https://shopify.com/lisaHead to https://www.beamminerals.com and enter code “NYBBS” at checkout for 20% off your first orderSign up at https://butcherbox.com/WOI and get our special deal! Butcherbox is offering our listeners a Free for a Year offer plus an additional $20 offo to https://www.heytabu.com/discount/LISA15 use code LISA15 to save 15% off your orderGet 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchaseyour first purchase by going to https://drinkAG1.com/lisa.Go to https://tryviome.com/LISA and use code LISA to get 20% off your first 3 months, and take control of your gut health today!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/3PCvJazSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.