There is no magic wand. There is no such thing as a free lunch. When we bail out an institution, a bank, or "depositors" for billions of dollars, someone else LOSES billions of dollars worth of wealth. Their life got harder, their job got cut, the car they needed became less affordable, the house they hoped for their family stays out of reach, they PAID for it. Unfortunately, our government and central bank is either not mature enough to realize that magic is for children, or they are robbing from us knowingly and destroying the lives of the people on purpose, and simply don't care. Either way, there is no way back, our only option is a way out. Today we finally dive into the SVB insolvency and the wider banking crisis. An episode that turned quickly from a meticulous set of notes into an hour long rant that basically ignored all of them. Enjoy Allen Farrington's npub: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev My Twitter Post: https://twitter.com/TheGuySwann/status/1634954336739491843?s=20 Liberty Lockdown with Greg Foss: https://open.spotify.com/episode/4Z4jfPlKburchKlNESbinJ?si=a35f5034c6144383 Brad Mills tweet thread: https://twitter.com/bradmillscan/status/1637182219943919618?s=20 Caitlyn Long WBD: https://open.spotify.com/episode/2ZA0BGuUwZFoBRhXLSJetL?si=b2bf4e2e38d749b4 Don't forget to check out our amazing sponsors: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------------- "The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington, Sacha Meyers Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking (including the trust not to violate territorial integrity and Westphalian sovereignty). This event reinforced the nature of fiat money as a system of centrally maintained ledger entries denominating a unit of account corresponding to a sovereign authority's sphere of power. As such, the use of such a liability as a medium of exchange (or store of value) is contingent on the political assent of that sovereign authority." – Matthew Pines Today we finish Matthew Pines excellent piece breaking down the domains of geopolitical and monetary contest across the major political forces in the world. In Part 2 we lay out the potential outcomes and shifts likely to take place, where the greatest opportunities and risk may lie for certain blocs of state actors, and how Bitcoin is likely to fit into this new, global, monetary disorder. This is a great one for a foundation on the movements of the geopolitical world. Mentioned in the guy's take was my recent show with John Vallis on the banking crisis: https://open.spotify.com/episode/2sdikMa9kJ0d8yJF4cCxA4?si=c35f279d350d4baa Matthew's Nostr Pubkey: npub128tlrdek6x2clft0zylg9gnes736ef8sumfr0750cd5uc9sgchqqkffadp Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Don't forget to check out our amazing sponsors: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------------- "If you don't know, the thing to do is not to get scared, but to learn."  — Ayn Rand Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message