4.9 • 1.1K Ratings
🗓️ 8 June 2024
⏱️ 77 minutes
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0:00.0 | I am so glad you could join us. I'm your host Mo Gaudet. This podcast is nothing more than a conversation between two good friends sharing inspiring life stories and perhaps |
0:16.3 | some nuggets of wisdom along the way. |
0:20.3 | This is your invitation to slow down with us. |
0:25.7 | Welcome to slow more. It must have been in 2006, 2007, sometime when YouTube started because I remember I saw it on YouTube that I saw a documentary that was called |
0:47.5 | the Ascend of Money. |
0:49.4 | If you look for it now, you probably may not find it. But at the time, until then I was constantly buying |
0:59.0 | into the capitalist model, if you want, of money is good, more money is better. |
1:06.0 | You can make money, you can invest money, you can grow your money. |
1:10.0 | And that |
1:15.0 | because of the documentary was called The Ascend of Money basically said money doesn't actually exist. |
1:17.0 | That because of the ability for banks to print money on demand, you're chasing something thinking that it has |
1:25.8 | value, but it really has almost no value at all. It's constantly inflated and accordingly it reduces its value over time and |
1:37.7 | While you have to labor for it for years others can literally create it as a few numbers on a spreadsheet. |
1:46.1 | 2008, though, the economic crisis, Greece was the center of the focus of the finance world. |
1:54.8 | Greece as a country went bankrupt. |
1:57.4 | And it really, really struggled. |
1:59.6 | I worked at Google at the time, |
2:02.2 | and I worked with Greece closely and at the time I think one of every two people were out of a job. |
2:08.0 | It was a very tough time and there was a minister of finance that became honestly, as he was called a rock star politician who took on the European Union. Janice Varu-Fakis. Janice Varu-Fakis, he's a professor of economics |
2:30.1 | at the University of Athens and the author of many many best selling books you know non-fiction on the topic of economics and he simply |
2:40.9 | refused to sign he was the center of the news around the economic crisis with his |
2:46.7 | country attempting to be bailed out and organizations that such as the IMF and |
... |
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