You think you know what money is and how it works, but then you watch this conversation with Tom and Robert Breedlove and now you’re questioning everything.
During our current financial crisis, prices in the market are a lot higher than what they’re reporting inflation to be. You spend $100 in groceries and you’re leaving the supermarket with what feels more like $60 or $70 worth of groceries. How is this possible when inflation is reported to be closer to 9%?
Robert Breedlove hosts the podcast, What Is Money. He is a freedom maximalist, and bitcoin philosopher that gives you plenty of food for thought. His breakdown of inflation, theft, and corrosion of big government is hard to ignore.
In this episode you can take away some money strategies that will help get you through this crisis. Robert is exposing what true debasement of your hard earned dollars really means, and why you should be outraged as a private citizen. Is bitcoin truly the answer to ending economic corruption people have been sold?
SHOW NOTES:
0:00 | Introduction Robert Breedlove 0:19 | Money Strategy in Financial Crisis 21:12 | False Economic Theory 36:22 | Impact Of Printed Money 47:15 | Private Property Rights 1:01:18 | Violation of Private Property 1:08:53 | Economic Axioms & Stories 1:20:58 | Are Rich People Evil? 1:29:22 | Why People Are Angry 1:37:24 | Bitcoin Is Incorruptible
QUOTES:
“Inflation is quite simply, legal counterfeiting, and counterfeiting is illegal inflation. They’re mechanically the same thing.” [1:10]
“Setting a legal monopoly to steal from all of society is a really convenient wealth acquisition strategy.” [7:28]
“I’m not advocating for bitcoin as your checking account, I’m advocating bitcoin for your long term savings account.” [10:20]
“The moment we entered fractional reserve banking it became a pyramid scheme.” [27:04]
“The only thing you can do with printing money is violate the property of others; you cannot issue any equitable benefit to an economic system.” [28:28]
“Debt shrinks people’s time horizon, [...] Instead of delaying gratification and saving for the future, I now want to sell the future and buy today.” [32:56]
“Monetary dilution is inflation, and monetary enrichment is deflation.” [39:35]
“What we’re doing when we print money is inducing or incentivizing consumption actions over investment actions, and investment actions are what drive innovation.” [43:53]
“The degree to which you are violating private property is the degree to which you are not rewarding productive members of society, and you are rewarding political actors in society.” [1:06:05]
“Institutions don’t follow the laws that they promulgate, institutions follow the individuals that run the institutions, those individuals tend to be corruptible. They will bend the publicly applied rule for private gain. That is my definition of corruption.” [1:51:43]
