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Read_821 - The Most Important Thing You'll Read This Year

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Manage episode 419728764 series 2499964
Content provided by guy@thecryptoconomy.com (Guy Swann) and Guy Swann. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by guy@thecryptoconomy.com (Guy Swann) and Guy Swann or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass."
~ Cole Walmsley

Today we tackle the intricacies of fiscal irresponsibility through a Twitter thread by Cole Walmsley. As the U.S. government’s deficit spending spirals into what can only be accurately described as a “masterclass Ponzi scheme,” listeners are beckoned to question: How long can this last? With the state of national debt, the illusion of monetary stability, and the inevitable downfall of fiat currencies, are we witnessing the death throes of the dollar, and can a new monetary system rise from the chaos?

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Check out our awesome sponsors!

"The whole government is a Ponzi scheme."
~ Bernard Madoff

  continue reading

1111 episodes

Artwork
iconShare
 
Manage episode 419728764 series 2499964
Content provided by guy@thecryptoconomy.com (Guy Swann) and Guy Swann. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by guy@thecryptoconomy.com (Guy Swann) and Guy Swann or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme. The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass."
~ Cole Walmsley

Today we tackle the intricacies of fiscal irresponsibility through a Twitter thread by Cole Walmsley. As the U.S. government’s deficit spending spirals into what can only be accurately described as a “masterclass Ponzi scheme,” listeners are beckoned to question: How long can this last? With the state of national debt, the illusion of monetary stability, and the inevitable downfall of fiat currencies, are we witnessing the death throes of the dollar, and can a new monetary system rise from the chaos?

Guest Links

Host Links

Check out our awesome sponsors!

"The whole government is a Ponzi scheme."
~ Bernard Madoff

  continue reading

1111 episodes

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