What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.// GUEST // Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Mind Lab Pro: https://mindlabpro.com/breedloveCrowdHealth: https://www.joincrowdhealth.com/breedloveBitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:28 - Intro 00:02:01 - Helping Lightning Startups with In Wolf's Clothing 00:02:47 - Influence of Bitcoin Price 00:08:08 - True Liberalism vs. Left-Right Political Spectrum 00:21:45 - Bitcoin and the Left-Right Dichotomy 00:27:39 - Run Your Business from Anywhere with NetSuite 00:28:44 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:29:53 - Mythology of Price Stability 00:34:35 - What Caused the Financial Depression of the 1920s 00:39:04 - False Apprehension of Gold 00:42:52 - Deception of Credit Expansion 00:45:14 - 100-Year Credit Cycle 00:48:33 - Self-Equilibrating Nature of the Free Market 00:53:00 - Economic Similarities between the 1920s and the 2020s 01:04:05 - The Problem with Dollar Hegemony 01:10:29 - Enhance Your Brain Power with Mind Lab Pro 01:11:33 - Take Control of Your Healthcare with CrowdHealth 01:12:40 - Engaging in Currency Speculation 01:15:36 - Non-Productive Outcome of Financial Engineering 01:19:55 - Financial Differences Between the 1920s and the 2020s 01:24:47 - Scarcity and Elasticity 01:29:57 - Inevitable Steps of Inflation 01:32:49 - Future Predictions and Probabilities vs. Certainties 01:37:18 - Final Thoughts and Conclusion// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowRumble: https://rumble.com/c/BreedloveInstagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/All My Current Work: https://vida.page/breedlove22