clifhigh.substack.com The US is in a deflationary spiral, but fiduciary authorities of the government understand where we are and we’ll see Bitcoin-centric solutions implemented over the next few years.
- 00:15 The money we use is actually a deriviative; Money has intrinsic value, fiat notes do not
- 04:30 Government promoted the San Fransisco and Alaska gold rushes; Island of Yap
- 08:40 Government liquidity – Flow – Currency; Banksters; All currencies fail; Inflation and liquidity; Loans withdraw liquidity – the system shrinks
- 14:50 What happened in 1936?; Women in the workplace
- 21:45 Banana Republic Wars; Bonds
- 25:10 Wooden Nickle; Gold outlawed; The Dollar back by full faith and credit of US Government; Gold revalued from $22/oz to $33/oz
- 36:00 Fiduciary elements of the government understand where we are and we’ll see solutions implemented over the next few years: seize Bitcoin
- 42:45 How to safeguard digital information? – Solution to double-spend problem
- 45:40 Abandoning gold and silver as backing for money; Bitcoin is “New Money” used for cross-border settlements
- 52:25 Destruction of City of London, Vatican, and Washington DC
Direct audio link: https://clifhigh.substack.com/p/deflation-and-the-obvious-way-out
