2 chapters across the catalog
The hosts discuss the fragility of the global financial system since leaving the gold standard in 1971. They argue that a "real" depression is looming, which will necessitate a return to local community reliance. Adam Curry emphasizes focusing on one's immediate neighbors and family rather than being distracted by macro-political dramas that individuals cannot control.
The hosts trace the history of the petrodollar from the Nixon era, where the US military protected Saudi Arabia in exchange for oil being priced in dollars. They argue that the shift to CBDCs is a move to maintain this dominance in a digital era. They predict that future global conflicts will move from physical battlefields to "cyber warfare" over digital currency dominance.
