Having a complete understanding of the financial system we’ve become accustomed to since birth is not only advantageous, but it’s an absolute must. The gap between really understanding the impact and full gravity of inflation and living by a feeling or a suspicion is too wide to ignore. Nic Carter is an entrepreneur, investor, columnist and advisor in the Bitcoin crypto space. He’s joining Tom today to break down some principle ideas and thoughts to help you at least research what you should be doing with your money, your government issued and government backed money. What’s happening with crypto and NFTs isn’t something you can ignore or sleep through. Bitcoin has been going strong for more than a decade. You have a moral obligation to yourself and to your family to at least understand how inflation works, why increasing assets is like theft of your dollar’s value and how you can protect yourself and be part of the wealth redistribution in a way that benefits you more than harms you. [Original air date: 10-14-21]. SHOW NOTES: 0:00 | Introduction to Nic Carter 1:31 | Does Bitcoin Matter? 4:21 | What is Money? 8:52 | Creating Devalued Money 14:43 | Redistribution & Inflation of Assets 22:24 | Reacting to Inflation 27:54 | Japan’s Stagflation 36:57 | Energy, Euphoria & Bitcoin 40:47 | Fiat Money Explained 45:10 | Do Research Money 49:16 | Bitcoin Value Vs Fiat Value 54:13 | Bitcoin, Digital Gold 57:52 | Value System by Design Follow Nic Carter: Website: https://niccarter.info/ Twitter: https://twitter.com/nic__carter SPONSORS: Go to https://impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://impacttheory.co/AG1pod. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://impacttheory.co/aurapod to start your free two-week trial. Go to https://impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices