Dec 24, 2021
Summary:
Lawrence Leopard and I sit down to discuss things related to
currency, inflation, and economy—which are fluctuating each day.
We’re seeing digital money that sits alongside hard assets like
gold, and the growth of unprecedented currencies that cause one to
question the traditional notion of wealth and investing.
Ultimately, we find that we are living amongst a broken monetary
system that only becomes more complicated as time goes on. Tune in
for more.
Highlights:
-Leopard is passionate about ‘honest money’ and hard assets—gold
and silver
-Bitcoin is an important innovation
-The historic problem with creating electronic currency was the
inability to control the supply
-We now have a scarce digital form of money that sits alongside
gold; there is a place for both
-With Bitcoin the one crucial factor is not losing your key
-A lot of the coins have technological applications
-The world has never really seen a form of money with a hard
cap
-Gold was the hardest form of money before Bitcoin came around—but
even this asset gains supply annually
-From the perspective of economic historians, inflation has been
occurring in phases for a long time
-More apparent recently has been the unavailability of products
-The pandemic has brought to light how broken the monetary system
is
-Printing money does stimulate activity, but it also increases debt
and inevitably leads to inflation
-The Fed is trapped, and may not be able to wriggle out of this
trap
-Inflation benefits asset holders, but not the working or the
common man
-Before 1913, there were no income taxes
-The average American suffers greatly in this system
Useful Links:
Financial Survival Network
Equity Management Associates
Lawrence Leopard Twitter