TIP404: The Untold History of Money w/ Joe Brown

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 12 December 2021

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

03:16 - The history of money and how we’ve arrived at the monetary landscape we have today.
32:32 - The playbook the FED might use in the event of a debt default.
38:22 - The current labor shortage.
49:21 - The velocity of money and how it’s misunderstood.
51:41 - A deep dive on Central Bank Digital Currencies.
01:08:28 - Farmland exposure.
and much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Heresy Financial's Youtube.
Joe Brown Twitter.
When Money Dies Book.
The Downfall of Money Book.
Market Wizards Book.
The Black Swan Book.
Antifragile Book.
Skin in the Game Book.
Safe Haven Book.
Trey Lockerbie Twitter.
Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.
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Browse through all our episodes (complete with transcripts) here.
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:30.0	You're listening to TIP.
1:00.0	You're listening to TIP.
1:30.0	You're listening to TIP.
2:00.0	You're listening to TIP.
2:30.0	You're listening to TIP.
3:00.0	You're listening to TIP.
3:30.0	You're listening to TIP.
4:00.0	You're listening to TIP.
4:30.0	You're listening to TIP.
5:00.0	You're listening to TIP.
5:30.0	The problem, though, that arose, and this is very slow.
5:34.0	Like, centuries-long problem is one of deflation.
5:38.0	Deflation is a natural force of history that always happens everywhere, consistently, persistently from the beginning of humanity until the end of humanity.
5:48.0	Deflation is getting more for less.
5:50.0	That's where things and stuff and wealth gets more abundant.
5:54.0	When we figure it out a way to offload human labor to something like fire, when we offloaded human labor of gathering so many roots and nuts and veggies and berries to fire, to cook them, to get more nutrients out of them, that was a growth that was a leap forward in energy that we could then use our labor for other more productive purposes.
6:12.0	Every single time we've been able to do that, that means wealth.
6:15.0	The real wealth gets more abundant, but the money supply stayed relatively the same. Money supply of gold and silver throughout history kept pace with the growth of population at about 1 to 1.5% every single year.
6:27.0	And so what you inevitably have happened, especially as things like the Industrial Revolution come in, where you have technology and progress and growth expanding very rapidly, is that the money starts to get very valuable, almost too valuable.
6:41.0	And so, whereas before a couple hundred years ago, you could slap a gold coin down on the counter for a beer.
6:47.0	Now you slap a gold coin down on the counter and that's going to pay for a horse or it's going to pay for your month rent.
	...

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