28. S01:E23 – Fiat Money Fairytales

  SEASON 01 – EPISODE 23 Welcome back to Milkshakes, Markets, & Madness where we invite you to share a laugh with us each week as we discuss our favorite Twitter tantrums and the madness of financial markets. If you are new to the show please read the LEARN MORE section which follows the show description and chapter timestamps further below. On our website there is an embedded video above and an audio player at the bottom of the page FIAT MONEY FAIRYTALES The Dollar Milkshake theory is more nuanced than the playful name implies. Unfortunately, people don’t spend enough time digging into its layers to fully appreciate the critical perspective it is trying to provide. So, in this episode the Milkshakes Duo take you on a tour of what the “theory” is all about. Along the way they visit Santa’s workshop and a few other fantasy lands, before eventually ending up in … prison. If “there can be only one” episode you watch from this show, consider that Jon claims this is one of the best conversations he has ever had with Brent, on or off camera. Whether you believe in magic or you believe in math, there is something for everyone in this conversation full of fairytales. Learn more on the latest Milkshakes, Markets, and Madness Show. https://youtu.be/4N1x96jY0XI —————– CHAPTERS —————– 00:00 – Title screen 00:05 – Episode overview 01:32 – Disclaimer 01:34 – Video intro (11 seconds) 01:45 – Not so fast 03:45 – Timing the end game 06:59 – The golden gauge 08:01 – Digging for gold, finding a Milkshake 11:10 – The 2020 fake-out 13:42 – Lots of cans to kick 17:40 – The “reality” of re-monetizing gold 19:44 – It doesn’t need to make sense 21:08 – Debt, taxes, and dollar liquidity 23:04 – Santa Claus and why governments issue bonds 25:37 – Monetary illusions 28:10 – Prisoners of the system 32:40 – Attack on Titan 33:59 – Math vs. Magic and Good vs. Evil 39:08 – Dose of reality 40:32 – Salutations 41:16 – Outro 41:30 – Disclaimer ——————— LEARN MORE ——————— Every week, Brent Johnson and Jon Kutsmeda invite you to share a laugh at their favorite Twitter tantrums, and the madness of financial markets. If you are tired of drawn out, jargon filled, boring financial podcasts, then tune in for Milkshakes, Markets, & Madness to enjoy the lighter side and off-topic discussions that include sports, politics, memes, travel, and whatever fun they find during the week. For anyone who is unfamiliar with our hosts, or new to the Dollar Milkshake Theory, please visit the About Us section of this website for additional links that help explain it all. —————————— JOIN THE MADNESS ——————————