14 min
What is Money Anyway? The Irish FIRE Podcast
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- Investing
In this episode, Michael looks into the history of money and how the economy works.
Mentions in the episode:- Coming off the gold standard- Fractional banking system- Understanding why central banks are printing money- Understanding that most of the money in our society is actually debt, not physical cash.
He talks about how he is trying to leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.
Show Notes:
How the Economic Machine Works - Ray Daliohttps://www.youtube.com/watch?v=PHe0bXAIuk0
The History of Money:https://www.youtube.com/watch?v=2nBPN-MKefA
In this episode, Michael looks into the history of money and how the economy works.
Mentions in the episode:- Coming off the gold standard- Fractional banking system- Understanding why central banks are printing money- Understanding that most of the money in our society is actually debt, not physical cash.
He talks about how he is trying to leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.
Show Notes:
How the Economic Machine Works - Ray Daliohttps://www.youtube.com/watch?v=PHe0bXAIuk0
The History of Money:https://www.youtube.com/watch?v=2nBPN-MKefA
14 min