centralized systems

IN THIS EPISODE, YOU’LL LEARN: 00:51 - What gave Saifedean the idea for the new book. 04:15 - What are the four key elements of how the Fiat system works? 10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy. 15:39 - Inflation is a vector - what does that mean? 24:27 - How has fiat corrupted the existing incentives in food, academia and other areas? 36:19 - What is the shadow banking system? 37:59 - What's the purpose of the IMF? 58:10 - How does fiat mess with economic calculation? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Buy The Fiat Standard on Amazon. Buy the Bitcoin Standard on Amazon. Dr. Saifedean Ammous Twitter. Dr. Ammous's podcast and website. New to the show? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

Cullen Roche talks about the current market conditions and various trade ideas for navigating this landscape.  Cullen has managed hundreds of millions of dollars for the past two decades. He is the founder of Pragmatic Capitalism, the author of multiple investing books, and a regular guest on Bloomberg and major financial news outlets.  IN THIS EPISODE, YOU’LL LEARN: The main advantage of centralized currencies. Why the risk of inflation is more likely to come from the Treasury than from the Federal Reserve. Why growth stocks typically perform better in a low inflation environment and value stocks perform better in a high inflation environment. Where to find value in international equities. How should investors navigate the current market conditions?  Ask The Investors: What is the relationship between inflation, interest rates, and house prices?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s interview with Cullen Roche about contrarian investing. Cullen Roche’s website, Pragmatic Capitalism. Tweet directly to Cullen Roche. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices