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. <br /><br />Twitter: https://twitter.com/ProgrammableTx <br />Book: https://www.amazon.com/dp/B0006C31O4 <br /><br />// SPONSORS // <br />In Wolf's Clothing: https://wolfnyc.com/<br />iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ <br />Wasabi Wallet: https://wasabiwallet.io/ <br />Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ <br />Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com <br />Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ <br /><br />// OUTLINE // <br />00:00:00 - Coming up <br />00:00:43 - Intro <br />00:02:16 - Helping Lightning Startups with In Wolf's Clothing <br />00:03:02 - Planting Seeds of Knowledge about Bitcoin <br />00:05:45 - How to Approach People about Bitcoin <br />00:07:48 - Value of Money and Productive Investment <br />00:10:50 - The Central Myth of the Central Bank 0<br />0:12:08 - The List of Myths <br />00:15:17 - Non-Monetary Events Cause Credit Inflation <br />00:20:38 - Monetary Events on a Bitcoin Standard <br />00:24:24 - What If the Government Possessed Bitcoin Savings <br />00:26:52 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet <br />00:27:48 - How the British Pound Lost the Status of Global Reserve <br />00:32:48 - Using the Gold Standard for Human Politics <br />00:37:15 - The Correlation between Unemployment and Inflation <br />00:39:13 - Numbers Lead to Myths, Myths Lead to Power <br />00:41:13 - The Key Man Risk <br />00:42:33 - Using Numbers to Control the Narrative <br />00:46:09 - The Current Narrative <br />00:49:56 - Global Reserve Currency Status Dilemma <br />00:54:39 - Trading Different Currencies Against One Another <br />00:57:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet <br />00:58:12 - First Myth: Britain's Shift to Gold Standard in 1925 <br />01:04:25 - Social Justice vs. Gold: The Value of Myth <br />01:22:04 - Using the Gold Standard for Political Tyranny <br />01:24:05 - Applying Popular Narrative for Deceptive Ideology <br />01:26:31 - Inflation Creates Allies of Inflation <br />01:29:04 - Breaking the Deception of Nominal Values <br />01:31:12 - Where to Find "Lester" on the Internet<br /><br />// PODCAST // <br />Podcast Website: https://whatismoneypodcast.com/ <br />Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400<br />Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? <br />RSS Feed: https://feeds.simplecast.com/MLdpYXYI<br /><br />// SUPPORT THIS CHANNEL // <br />Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 <br />Sats via Strike: https://strike.me/breedlove22 <br />Sats via Tippin.me: https://tippin.me/@Breedlove22 <br />Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove<br /><br />// WRITTEN