The Power of Myth | The Twilight of Gold Series | Episode 14 (WiM362)

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi. Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4 // SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:43 - Intro 00:02:16 - Helping Lightning Startups with In Wolf's Clothing 00:03:02 - Planting Seeds of Knowledge about Bitcoin 00:05:45 - How to Approach People about Bitcoin 00:07:48 - Value of Money and Productive Investment 00:10:50 - The Central Myth of the Central Bank 00:12:08 - The List of Myths 00:15:17 - Non-Monetary Events Cause Credit Inflation 00:20:38 - Monetary Events on a Bitcoin Standard 00:24:24 - What If the Government Possessed Bitcoin Savings 00:26:52 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:27:48 - How the British Pound Lost the Status of Global Reserve 00:32:48 - Using the Gold Standard for Human Politics 00:37:15 - The Correlation between Unemployment and Inflation 00:39:13 - Numbers Lead to Myths, Myths Lead to Power 00:41:13 - The Key Man Risk 00:42:33 - Using Numbers to Control the Narrative 00:46:09 - The Current Narrative 00:49:56 - Global Reserve Currency Status Dilemma 00:54:39 - Trading Different Currencies Against One Another 00:57:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:58:12 - First Myth: Britain's Shift to Gold Standard in 1925 01:04:25 - Social Justice vs. Gold: The Value of Myth 01:22:04 - Using the Gold Standard for Political Tyranny 01:24:05 - Applying Popular Narrative for Deceptive Ideology 01:26:31 - Inflation Creates Allies of Inflation 01:29:04 - Breaking the Deception of Nominal Values 01:31:12 - Where to Find "Lester" on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22