Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)

Greg Foss joins me as my first in-person guest for a discussion on how his 30-year career trading government bonds informed his thoughts on the impending failure of the fiat currency complex and, thus, the supreme relevancy of Bitcoin. Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanbitcoin.com/private/ GUEST Foss’ Twitter: https://twitter.com/FossGregfoss Foss’ Financial Education Platform: https://lookingglasseducation.com/ PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 - Learn About Bitcoin With Swan Private at SwanPrivate.Com 00:01:37 Government Bonds, Then and Now 00:10:10 Debt-Based Commercial Banking Is Dependent on Inflation 00:13:36 Foss’ Experience with the Cyclical Financial “Ponzi” System for 40 Years 00:21:51 Credit, Bonds, and Equity: “Credit is the Dog and Equity is the Tail” 00:27:40 The Standard 60/40 Bond-Equity Portfolio is Unsustainable 00:32:08 Simple Math Analyzes Debt Markets with Total Global Debt/Global GDP 00:35:52 Impending Default Risk of Countries and Bitcoin as Fiat Insurance 00:45:18 Bitcoin Price Target 00:46:20 - Watch "Hard Money With Natalie Brunell" from Swan Studios & Bitcoin Magazine! 00:47:07 - Take Control of Your Healthcare with Crowd Health! 00:48:16 QE Infinity and Debt Spiral Doubles US Debt-to-GDP Since 1980 00:52:34 Asymmetric Opportunity 01:00:56 The $2M Price Estimate for Bitcoin 01:07:36 Foss’ Personal Journey Launching “Looking Glass Education” 01:16:00 You Don’t Learn About Sitting in a Risk Chair From Traditional Education 01:23:19 Foss’ Role and Thoughts on the Freedom Convoy Protests 01:34:59 Looking at the Future of Canada with Bitcoin 01:39:15 “What is Money?” Outro SOCIAL Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?lang=en All My Current Work: https://linktr.ee/breedlove22 WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE 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 Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanbitcoin.com/private/ CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove Join Me At Bitcoin 2023, pre-order your tickets now (discount code BREEDLOVE): https://b.tc/conference/2023 Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/