Alex Gladstein joins me for a deep-dive into the petrodollar system and its many hidden costs.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
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Transcript:OUTLINE
00:00:00 “What is Money?”
Intro 00:00:08
The Dollar’s Pursuit to Peg Itself to Energy
00:06:14 Gold: The Base-Layer of Human Action Historically
00:10:29 The Cost of War and the Suppression of the Gold Price
00:24:47 Gresham’s Law
00:34:17 Gold’s Shortcomings
00:39:24 The Dollar in Search of a New Anchor & The Rise of OPEC
00:48:14 Cementing the Power of the Dollar Abroad
00:52:32 The Dark-Side of Imperialism & The T-Bill Standard
01:01:28 Exacerbation of Wealth Disparity
01:04:35 Fueling War
01:10:21 Oil-Denominated Currency War
01:16:54 Follow the Money!
01:18:30 NYDIG
01:19:37 Flawed Incentives and Rent-Seeking Behavior
01:29:10 Raw Material Surplus and Inflating Food Prices by Design?
01:34:34 Peace Theory and Satoshi’s Appreciation for Gold
01:42:20 Bitcoin: The Most Expensive Property to Violate
01:47:22 Bitcoin Price Manipulation and Suppression?
01:52:40 Theirs’ Law: Bitcoin Driving out the Bad Money
02:00:07 Bullish on America, the Navajo, El Salvador, and Nigeria
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