“What is Money?” in Indonesia with Dea Rezkitha (WiM151)

Indonesian Bitcoin specialist and educator Dea Rezkitha joins me for an in-depth conversation into how money has shaped historic political and economic power structures in Indonesia. Dea also looks forward to how Bitcoin can provide people with self-agency and greater resilience.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDea’s Twitter: https://twitter.com/dearezkithaDea’s Linktree: https://linktr.ee/dearezkithaDea’s Podcast: https://open.spotify.com/show/26NeuEmwYtb3iMnp2IFKyp?si=a34a81ad7a6342afKelas Bitcoin: https://kelasbitcoin.com/My Bitcoin Story: http://bit.ly/MyBitcoinStoryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Kelas Bitcoin as an Indonesian-centric Resource for Bitcoin Newbies and Enthusiasts00:03:47 Dalio’s Framework of The Big Cycle: Rises and Declines of Big Empires00:09:47 Money as a Factor and Tool in the Changing World Order00:12:16 The History of Indonesia as a Trading Port00:17:37 How the Dutch Gained Control By Establishing VOC as the First Publicly Traded Company00:22:00 NYDIG00:23:08 How VOC as a Sovereign Power Built the Boats to Riches00:28:55 Exploitation Using Short-Term Incentives To Create More Plantation Workers00:33:32 “If You Can Control The Money, You Can Sculpt History”00:40:35 Indonesia Transitioning From a Dutch Colony to the Japanese Occupation00:51:40 Destabilizing the Indonesian Rupiah to Reclaim it as a Colony00:58:17 Economic Consequences of Indonesia Having To Pay a 4.9 Billion Dutch War Debt01:05:42 Constant Debasement of Rupiah Creates Hyperinflation of 500% in 196601:10:55 The State Grows while Money Associated with Capitalism Declines01:14:58 Foreign Investment Opens with Cascades of Corruption and Control01:19:53 “Life Finds a Way”: The Dynamic Nature of Markets During Booms and Busts01:24:48 1997-98 Mark Larger Economic Contractions, Civil Unrest, and Political Fallout01:28:54 Production vs. Consumption: Indonesia as a Microcosm of The Big Cycle01:34:34 Post-Asian Financial Crisis and the Next Changing Order Away From Fiat01:40:15 60% Unbanked in Indonesia: A Hole That Bitcoin Can Fill01:43:51 Bitcoin is Boring Money: Safe, Resistant, and Harder to Confiscate01:50:46 Indonesia is at a Crossroads Between CBDC and BitcoinSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack