The Century of Central Banking | The Snider Series | Episode 1 (WiM081)

Jeff Snider joins me for a multi-episode conversation exploring the evolution of money and central banking throughout the 20th and 21st centuries. Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Jeff's twitter: https://twitter.com/JeffSnider_AIP Jeff's writing: https://alhambrapartners.com/author/jsnider/ 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 The Obfuscation of the Eurodollar System 00:01:49 “Money Is Not Wealth” 00:04:21 Money as a “Call Option” on Wealth 00:08:00 The Infinite Elasticity of Fiat Currency 00:15:00 Capitalism's Great Secret 00:19:20 Stock to Flow: The Fed Edition 00:25:20 Inherent Flaws of Humanity 00:32:09 The Elasticity of the Money Supply 00:34:04 Banks: The Great Intermediary of Money & Commerce 00:36:25 NYDIG 00:37:31 The Creature from Jekyll Island 00:39:45 Fractional Reserve Leverage of 1917 00:42:50 The Pre-Greenspan Put 00:47:17 Every Generation Thinks they Invented Sex 00:52:17 What do you do once you're Captured by Inflation? 00:59:32 Gravitation towards Authoritarianism in Trying Times 01:04:26 The Influence of the Flow of Gold 01:08:08 Bretton Woods & the U.S. Dollar Standard 01:14:05 Triffin Paradox, Bretton Woods Default & the Eurodollar Derivative 01:23:47 Benign Neglect 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 Worldclass Bitcoin Financial Services: https://nydig.com/ Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217 Put your Bitcoin to work. Earn up to 6% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmg Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/ Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22