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The "What is Money?" Show

The Economy as a Psychological Engine with Nolan Bauerle (WiM300)

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

🗓️ 14 April 2023

⏱️ 70 minutes

🧾️ Download transcript

Summary

Nolan Bauerle joins me to discuss the conflict between money and country, the psychological concept of money, the uncertain future of the fiat system, and how Bitcoin can bring about revolutionary change.

Transcript

Click on a timestamp to play from that location

0:00.0

One of the amazing things about what's going on China, I know as an American, as Americans,

0:04.5

we have this caricature of people in China. Oh, the CCP and everyone's brainwashed.

0:09.6

One of the most amazing things about meeting early bitcoins in China was they're not patriotic

0:14.3

about their money. They know the difference between government and country. And immediately, I mean, they've been screwed over

0:22.1

on money a million times. Their country is a currency manipulator. And because they're a currency

0:27.2

manipulator, the people got used to being manipulated, but the money would change overnight

0:31.4

and they had it on. So there was this appetite for something like Bitcoin in the early days.

0:37.9

And I've always said that Bitcoin is the strongest when American normal people and Chinese

0:42.6

normal people and Russian normal people realize what they have in common is this money,

0:48.3

that the money that they have persisted with until now is garbage and in leading all these

0:53.9

misaligned incentives, all of this conflict,

0:56.2

and that when Americans actually have a disadvantage in a way, right, our patriotism in America,

1:03.9

our love of country can get confused with love of government, very often.

1:08.5

Right.

1:22.4

Hey, everybody. Welcome to The What is Money Show. I am thrilled to have you here joining me on my mission to help shine light on the collection of money. Now, if this is your first time

1:27.1

listening to The What Is Money Show, I strongly recommend that

1:30.7

you go back to episodes one through nine first, which lays a lot of the groundwork for many

1:36.0

of the concepts that we explore on the show.

1:38.1

These first nine episodes are my series with Michael Saylor, and thousands of people have

1:43.1

told me that this is the best podcast series

1:45.4

they've ever heard, hands down, and that it was instrumental to their understanding of money

1:50.7

and Bitcoin. So if you're looking to start a deep dive into the nature of money, I don't think

...

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