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210 sats \ 2 replies \ @Brunswick 18 Jul 2022
Jeff is speaking facts. Banks issue loans by monetizing debt. The dollar is a centralized and standardized instrument of monetized debt. All debt is collatoralized with assets (this is true of sovereign, secured and unsecured loans), therefore the promise to repay a debt is the mechanism by which an asset is converted into currency. The reason Jeff says "I don't know what money is" is because many things are money, and when you're talking about the dollar its a very complex form of money supported by a network of trust all the way down the individual or business willing to repay a loan.
If the phrase "The master will appear when the student is ready" couldn't be more true here. Jeff is the master.
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112 sats \ 0 replies \ @2big2fail 18 Jul 2022
and he is absolutely right that there is supply side induced inflation and not monetary inflation.
quantitative easing does not equal money printing and the federal reserve is really only there to be a bank for the US gov.
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60 sats \ 0 replies \ @BlokchainB 19 Jul 2022
Great summary
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146 sats \ 1 reply \ @2big2fail 18 Jul 2022
listen to this with the premise that:" bitcoin is pristine collateral and currently there is a lack of good collateral because everyone is over leveraged and over indebted"
under that premise you can see why bitcoin is a "monetary irresponsibility hedge" NOT an inflation hedge.
It will replace government bonds as ultimate balance sheet liquidity.
^^this is the narrative we need to be promoting. Hard money is pristine liquid collateral. Bitcoin is ultimate collateral.
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120 sats \ 0 replies \ @puhbuhruh_old 18 Jul 2022 freebie
Yes I think this chart makes very clear that the investment thesis for Bitcoin the asset is as a hedge against monetary debasement from the central bankers (the US Fed in particular).
https://twitter.com/WClementeIII/status/1548464261369802754
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124 sats \ 3 replies \ @Spartan 18 Jul 2022
Well this podcast fucked my brain. Do we all just not know anything? Everyone is just lying to everyone? or is it even lying if they believe it to be the truth?
There is just plainly too much disinformation in money right now. Bitcoin fixes this.
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130 sats \ 1 reply \ @CheezeGrater 19 Jul 2022
Check out "The Fiat Standard" by Saifedean Ammous if you want to learn more about how fucked up the fiat system is.
https://www.amazon.com/Fiat-Standard-Slavery-Alternative-Civilization-ebook/dp/B09KKVNQBK
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160 sats \ 0 replies \ @pillar OP 19 Jul 2022
Great read. As usual, Saif drifts a bit into hater mode on some chapters, but the initial review of the exact events and dates around how the Bank of England started decoupling from the gold standard around 1914 are an incredible read.
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0 sats \ 0 replies \ @2big2fail 18 Jul 2022
the system is opaque and Jeff seems to be the only one who really understands this
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22 sats \ 1 reply \ @IgnaciobTato 18 Jul 2022
Nobody has the truth neither.
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1 sat \ 0 replies \ @2big2fail 18 Jul 2022
100%
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50 sats \ 2 replies \ @TheBTCManual 19 Jul 2022
I refuse to listen to WDB, or support that charlatan fense sitting bitcoin DJ Wackormack, but I did listen to Jeff on a host of podcasts where the host can actually contribute to the conversation and I have to say this guy just always throws me for a loop, I don't know what to believe
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10 sats \ 1 reply \ @moel 19 Jul 2022
May I suggest you do give this episode a listen though?
Basically, this one episode is a short version of the "Eurodollar University" podcast series by Macro Voices.
https://www.macrovoices.com/aia/321-eurodollar-university-featuring-alhambra-partners-cio-jeffrey-snider
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0 sats \ 0 replies \ @TheBTCManual 19 Jul 2022
Thanks Ill give it a listen as I finish my insufferable job lol
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1 sat \ 0 replies \ @alvaraaltopelti 19 Jul 2022
Except For Bitcoiners. They know about the economy. The toxic, psychopathic bastards.
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