The Power of Myth | The Twilight of Gold Series | Episode 14 (WiM362)

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

Twitter: https://twitter.com/ProgrammableTx
Book: https://www.amazon.com/dp/B0006C31O4

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// OUTLINE //
00:00:00 - Coming up
00:00:43 - Intro
00:02:16 - Helping Lightning Startups with In Wolf's Clothing
00:03:02 - Planting Seeds of Knowledge about Bitcoin
00:05:45 - How to Approach People about Bitcoin
00:07:48 - Value of Money and Productive Investment
00:10:50 - The Central Myth of the Central Bank
00:12:08 - The List of Myths
00:15:17 - Non-Monetary Events Cause Credit Inflation
00:20:38 - Monetary Events on a Bitcoin Standard
00:24:24 - What If the Government Possessed Bitcoin Savings
00:26:52 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:27:48 - How the British Pound Lost the Status of Global Reserve
00:32:48 - Using the Gold Standard for Human Politics
00:37:15 - The Correlation between Unemployment and Inflation
00:39:13 - Numbers Lead to Myths, Myths Lead to Power
00:41:13 - The Key Man Risk
00:42:33 - Using Numbers to Control the Narrative
00:46:09 - The Current Narrative
00:49:56 - Global Reserve Currency Status Dilemma
00:54:39 - Trading Different Currencies Against One Another
00:57:24 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:58:12 - First Myth: Britain's Shift to Gold Standard in 1925
01:04:25 - Social Justice vs. Gold: The Value of Myth
01:22:04 - Using the Gold Standard for Political Tyranny
01:24:05 - Applying Popular Narrative for Deceptive Ideology
01:26:31 - Inflation Creates Allies of Inflation
01:29:04 - Breaking the Deception of Nominal Values
01:31:12 - Where to Find "Lester" on the Internet

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