Bitcoin and the U.S. Fiscal Reckoning with Avik Roy - WBD409
Mr Obnoxious
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 13 October 2021
⏱️ 96 minutes
🧾️ Download transcript
Summary
Location: Austin, TX
Date: Thursday 7th October
Company: Forbes
Role: Editor
In 1971, Richard Nixon ended Bretton Woods, severing the entire global monetary system from its anchor, gold. Governments around the world have since been able to create new money and increase debt virtually without restriction.
Fifty years later, and there’s no political will to slow down spending. Instead, new money is created to pay for new spending, and the numbers involved get larger and larger.
Governments can issue new currency to service their own debt, but the cycle of increasing deficit spending and monetary inflation may already be leading to spiralling debt and runaway prices with no obvious way out.
In this interview, I talk to Avik Roy, Editor at Forbes. We discuss the growing problems with debt and inflation, healthcare, and central bank digital currencies.
Transcript
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| 0:00.0 | If Bitcoin ever does compete with Treasury bonds as the premier store of wealth in the world, |
| 0:10.0 | that's a really, really big deal. That transforms the entire way the world economy works. |
| 0:15.0 | Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, |
| 0:18.0 | the only place I am using for buying Bitcoin. |
| 0:20.0 | I'm your host, Pete from McCormack, |
| 0:22.0 | and today I'm going to kick off with |
| 0:23.1 | Gemini who I'm using exclusively for buying and selling Bitcoin and as ever as I |
| 0:27.6 | tell you every show I've not sold a single sat through Gemini yet. Why well look look at the price of Bitcoin, it's mooning, we're in a |
| 0:35.2 | ball market, I'm selling my sats, nobody's getting my sats cheap and you know what I've been using the |
| 0:39.3 | Gemini app for buying the dips but I also set up a D..A. with twice monthly buys of Bitcoin and I'm yet to see a better or easier |
| 0:47.0 | interface for buying Bitcoin. With a streamlined trading view, you have access to all the tools |
| 0:51.6 | you need to understand Bitcoin and start investing |
| 0:54.4 | all through one clear attractive interface. |
| 0:56.7 | Now if you want to find out more please head over to Gemini.com which is GEMINI dot com. |
| 1:02.7 | Next up we have Ledger the world's most popular hardware wallet. |
| 1:05.8 | Now listen, Bitcoiners, a hardware wallet allows you |
| 1:08.4 | to take custody of your Bitcoin. |
| 1:10.2 | And I have been a ledger customer since early 2017 and the Nanowess I bought back then I'm still using now. |
| 1:17.0 | Ledger makes it easy for you to safely manage your Bitcoin using their Ledger Lai software, |
| 1:22.0 | which interfaces with your device and you can even connect your nanos to your |
| 1:26.1 | Android phone to manage your Bitcoin on the go. |
| 1:28.7 | If you want to find out more please head over to Ledger.com which is L-E-D-G-E-R-com and next stuff we have the amazing compass |
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