Why Most Money Fails - Six Principles to Navigate the Unstable World of Money
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 18 May 2022
⏱️ 28 minutes
🔗️ Recording | iTunes | RSS
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Summary
How should you approach money given most of it either collapses or loses its purchasing power due to inflation.
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Topics covered include:
- How supposedly safe savings apps collapsed, wiping out users' savings
- Why algorithmic stablecoins keep failing and why they are not black swans
- What it takes for money to be successful
- How money differs from investments
For more information on this episode click here.
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Show Notes
@kashdefi, Twitter post, May 7th, 2022 7:54 AM
@kashdefi, Twitter post, May 8th, 2022 10:42 AM
@kashdefi, Twitter post, May 9th, 2022 8:57 PM
@kashdefi, Twitter post, May 9th, 2022 9:07 PM
@kashdefi, Twitter post, May 12th, 2022 11:01 PM
Intellabridge Announces Kash 2.0 and Kash Treasury Product Update—Intellabridge
There are 99 problems and Tether ain’t $1 by Bryce Elder—Financial Times
Tether cuts holdings of commercial paper, says majority of exposure in Treasuries -CTO—Reuters
Related Episodes
333: How The Covid Shock Nearly Destroyed The Financial System
373: Are Stablecoins Safe? Should You Own Them?
384 Plus: Survey Follow Up, A Stablecoin Collapse, and Trying to Analyze Ripple (unlocked for non Plus members)
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Transcript
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| 0:00.0 | Walking the money for the rest of us, this is a personal financial on money, how it works, |
| 0:06.7 | how to invest it and how to live without worrying about it. |
| 0:09.9 | I'm your host David Stein, today is episode 387, it's titled, Does Any Money Last? |
| 0:18.1 | In February 2022, I received an email from Ronald Angsee, he's the Senior Vice President |
| 0:24.8 | of Strategy for Intellibridge, a publicly traded company. |
| 0:29.4 | Intellibridge was interested in sponsoring the money for the rest of us podcast. |
| 0:34.3 | Angsee wrote, Our company offers 10% stable interest on cash deposits, with a visa mastercard |
| 0:41.2 | debit card to spend against it, better than a bank savings account, right? |
| 0:45.8 | We accomplish these interest rates by taking the funds and automating the process of plugging |
| 0:51.5 | them into global decentralized money markets on the blockchain. |
| 0:57.7 | People have these capabilities without any technical expertise required. |
| 1:02.8 | I had never heard of this company, but I was intrigued, 10% stable interest. |
| 1:09.0 | I told them I would pass, I wanted to spend more time understanding their savings product, |
| 1:14.8 | which is called cash, K-A-S-H. I also replied, I love the innocuous sounding phrase, global |
| 1:23.2 | decentralized money market accounts on the blockchain. |
| 1:27.4 | That sounds safe, except for the blockchain part. |
| 1:31.4 | In doing research on cash in a telebridge, I found an article from April 2022, in which |
| 1:38.1 | Maria Eagleton, she's the COO and founder of Intellibridge. |
| 1:43.5 | She said in that interview, Cash is a mastercard incubated, publicly traded company. |
| 1:49.6 | The ticker is K-A-S-HF, offering 10% stable interest rate savings accounts. |
| 1:56.4 | We care more about the customers than competitors. |
| 1:59.1 | Our customers can trust us as we are thought leaders in the industry, co-publishing reports |
... |
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