WTF is Happening in 2020? With Guy Swann, Ben Prentice & Heavily Armed Clown - WBD252
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 18 August 2020
⏱️ 97 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 12th August Company: The Cryptoconomy & WTFhappenedin1971.com Role: Host & Creators
Modern Monetary Theory is a relatively new school of economic thought. MMT suggests that if governments carefully control inflation, then they should not be concerned with increasing levels of debt.
The views of MMT proponents is in stark contrast to the views held by most Bitcoiners who often favour Austrian economics, which Bitcoin's monetary policy and fixed supply align closely.
Following my recent interview, with Stephanie Kelton, who put forward what she sees as the benefits to MMT, I wanted to follow up with a panel of Austrian economics proponents to look at the potential flaws in this system.
In this episode, I talk to fellow podcaster Guy Swann, as well as Ben Prentice and Collin, creators of WTFhappenedin1971.com. We discuss Modern Monetary Theory, Austrian economics, and MicroStrategy buying Bitcoin.
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Transcript
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| 0:00.0 | It doesn't matter if the world is ready for Bitcoin because it is coming like a freight train. |
| 0:08.0 | Hello there from the United Kingdom. How are you all? |
| 0:11.0 | Welcome to the What Bitcoin did podcast, which is brought to you by the mighty |
| 0:13.8 | Cracken, the best place to buy, sell and trade Bitcoin. I'm your host Peter McCormack, |
| 0:18.0 | and today I've got an interview with three guests. Today I've got on Guy Swan, Ben Prentiss and heavily armed |
| 0:24.6 | clown where we review the ideas behind MMT which I discussed recently with my |
| 0:29.2 | guest Stephanie Kelton but before that I do have a message from my amazing show sponsors. |
| 0:34.1 | So first up we're going to talk about Karsa who are the leaders in |
| 0:37.8 | Bitcoin security. They're the best out there and with Bitcoin on a tear. I mean you |
| 0:41.7 | must have seen it this last few days. We're over 12k. |
| 0:45.2 | Could we be heading to 15k? Who knows? But there's going to be some of you out there making some good profits right now. |
| 0:50.9 | So it is time to get your Bitcoin security together. |
| 0:55.0 | If you've been leaving Bitcoin and an exchange, or you're worried about holding it yourself, |
| 0:59.0 | or the risks of just having that single hardware wallet, then there's no better solution out there than |
| 1:03.8 | Karsa and I'm a customer now I signed up a few months ago honestly the peace of |
| 1:07.8 | mind of knowing my Bitcoin is protected not just from hacks not just |
| 1:15.0 | something I'm just from my stupid mistakes but any eventuality It is really just something I'm glad I've done |
| 1:18.0 | Now Karsa, they're such badasses. |
| 1:20.0 | They've got a product for every Bitcoin out there |
| 1:22.0 | With their gold product, you get |
| 1:24.4 | triple the security of a hardware wallet and it only costs $10 a month. With Karsa Platinum, you get their |
| 1:30.0 | three or five multi-sig, the best protection for large Bitcoin holders at a great price and with |
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