Manage episode 280589965 series 2843534
Parker Lewis from Unchained Capital joins me on Episode 21 of the Wake Up Podcast.
This is part of the "Bitcoin Times" series of episodes I'll be doing where I discuss the topics of each article from the Bitcoin times publication with the respective authors.
Parker's piece was one of my favourites because it really gets to the bottom of why Bitcoin fixes the financial derangement syndrome we're all subject to in a fiat world.
He makes the (very accurate) argument that whilst Financialization is normal, what we see in the world today is a deranged and exacerbated form in which everyone (particularly in developed nations) is forced to play a game of investing (risk) taking because money loses value.
Savings as the cornerstone of civilisation & capitalism has been eroded to the point that you would be a madman to hold any of your wealth in money. "Cash is Trash" as the saying goes. All money now flows to financial products, some of which may be justified, but the majority which are just derivatives of derivatives of derivatives which solve no problem, add no value, produce nothing and merely act as vehicles or sponges to absorb all of the unhinged money creation.
This is a brilliant episode, and Parker is one of the best people I know in the space.
Check out Parker's essay at The Bitcoin Times, available Free for PDF download.
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Thanks again for listening.
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More coming soon!