Capital/isms
This week your hosts explore our current monetary system - the fiat system, as best as they can. Together they explore switching from the Gold Standard to the Fiat system, which is now backed by the government instead of a physical product. This episode explores Seigniorage (a way for governments who mint their currency to make an economic profit,) the loss of the Canadian penny, inflation, interest rate, food company profit, currency wars, and so much more! You’ll want to stay and listen to the end. Money is powerful BECAUSE we give it that power. Interested in doing a book club with us? Let us know! Contact us directly: capital.isms23@gmail.com [capital.isms23@gmail.com] Resources & Further Reading Considerations Work with Jamie - WalkerCoaching [https://walkercoaching.ca/] How Currency Works [https://www.investopedia.com/articles/investing/092413/how-currency-works.asp] Seigniorage [https://corporatefinanceinstitute.com/resources/economics/seigniorage/] Economic profit [https://corporatefinanceinstitute.com/resources/economics/economic-profit/] Venezuela 2016 inflation hits 800 percent, GDP shrinks 19 percent [https://www.reuters.com/article/business/venezuela-2016-inflation-hits-800-percent-gdp-shrinks-19-percent-document-idUSKBN154243/] India’s Looming Financial Crisis [https://www.nextias.com/ca/editorial-analysis/12-06-2024/indias-looming-financial-crisis#:~:text=High%20Household%20Debt%20Burden%3A%20While,raises%20concerns%20about%20debt%20sustainability.] Bread price-fixing in Canada [https://en.wikipedia.org/wiki/Bread_price-fixing_in_Canada]
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