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The "What is Money?" Show

Bitcoin is Money: The Language of Power with Robert Breedlove (WiM530)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 12 November 2024

⏱️ 72 minutes

🧾️ Download transcript

Summary

Join me as I explore how money reduces the need for trust between counterparties, the ways money mirrors language, the dynamics of physical vs political power, a brief history of gold and central banking, purchasing power ratios, money as the language of power, and why Bitcoin stands out as honest money.

Transcript

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0:00.0

Some of the president-elects advisors have suggested that you should resign. If he asked you to leave, would you go?

0:07.2

No. Do you think that legally you're not required to leave? No. Not permitted under the law.

0:13.9

Which makes money one of the most pursued and sought after powers in the world.

0:23.9

We really need to go back to the beginnings of central banking,

0:29.0

and the birth of the modern central bank really begins with the Bank of Amsterdam that directly influenced the creation of its larger and more tyrannical successor,

0:34.3

the Bank of England.

0:34.9

But eventually, a number of intrepid young men seeking to

0:39.5

escape the tyranny would flee to the new world to found the United States of America. After

0:46.2

137 years, the United States would ultimately fall victim to the third attempt at implementing

0:51.7

a central bank, which is the Federal Reserve that was founded

0:55.3

in 1913.

0:58.2

The way out of this mess, it's to standardize to a monetary system that resists the corruption

1:04.5

of political power by being based on facts rather than promises.

1:21.7

Today we're going to be talking about money as the language of power.

1:27.5

And I prepared an outline that I'm actually looking at right now on a teleprompter.

1:33.4

So some of you people have commented in the past that when I use the teleprompter, it gives me crazy eyes.

1:35.6

So apologize in advance for that.

1:42.7

But it definitely helps me stay on track and deliver hopefully something that's useful and insightful.

1:50.1

Also, before we get started, I want to give a shout out to Nick Batia, who's the author of Laird Money.

2:01.3

I'm going to be using a few excerpts from his book in this piece today and just kind of drawing on some of the historical arc of money that he laid out in his excellent book layered money.

2:03.2

If you haven't read it,

2:03.8

you should go check it out.

...

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