Own What Is Real
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There has never been this much money in the world. Now is the time to own real property.

Topics covered include:

• How to buy something with Bitcoin
• How cryptocurrencies are similar and different from fiat currencies
• What is legal tender
• Why there has never been this much money in the world
• Why central banks can control interest rates but not inflation
• What real property should investors own

Thanks to Truebill) and Babbel) for sponsoring the episode. Use code David for Babbel) to get an additional three months free.

For more information on this episode click here).

Show Notes

The Power of Gold: The History of an Obsession by Peter L. Bernstein)

IRS Virtual Currency Guidance Announcement 2014-21—Internal Revenue Service)

Legal Tender Status—U.S. Department of the Treasury)

India to propose cryptocurrency ban, penalising miners, traders - source by Aftab Ahmed, Nupur Anand—Reuters)

Executive Order 6102—Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government by Franklin D. Roosevelt—The American Presidency Project)

Total Circulating Bitcoin—Blockchain Charts)

Federal Reserve statistical release: Factors Affecting Reserve Balances, March 18, 2021—United States Federal Reserve)

Money Stock Measures – H.6 Release, March 23, 2021—Board of Governors of the Federal Reserve System)

M2 Money Stock/Gross Domestic Product—Federal Reserve Bank of St. Louis)

Monthly Budget Review: Summary for Fiscal Year 2020—Congressional Budget Office)

A Fed With No Fear of Inflation Should Scare Investors b*y *James Mackintosh—The Wall Street Journal)

Biden Administration Officials Put Together $3 Trillion Economic Plan by Ken Thomas and Andrew Duehren—The Wall Street Journal)

Turkey faces a currency crisis after Erdogan sacks his central banker—The Economist)

Related Episodes

295: Federal Reserve Insolvency and Monetizing the National Debt)

316: Paper, Rocks, or Digits—What Makes the Best Money)

322: Why Currency Exchange Rates Matter)

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