Karim's Fireside Chats: History of Financial Systems
Karim's Fireside Chats:
History of Financial Systems
Karim sits down (Against the wishes of Mike and Brent) and gives us a long and involved history lesson about financial systems. In the end, Mike and Brent realized they learned a lot, so they allowed the episode to be published. Learn about why we're here, where we came from, and be prepared to answer the question: WHY do we need crypto? Oh and also Karim made us include a bibliography,. Not even kidding - find that after our affiliate links.
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These links are all referral links for us, but we use every one of these exchanges and wallets.
Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.
Karim's Fireside Biblography:
Amadeo, Kimberly. “When the Dollar Was Backed By Gold.” The Balance, www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136.
Amadeo, Kimberly. “Who Really Owns the World's Most Powerful Central Bank?” The Balance, www.thebalance.com/who-owns-the-federal-reserve-3305974.
Cloutier, Richard. “How The Federal Reserve Manages Money Supply.” Investopedia, 6 Mar. 2017, www.investopedia.com/articles/08/fight-recession.asp.
“FDR Takes United States off Gold Standard.” History.com, A&E Television Networks, www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard.
“Fractional-Reserve Banking.” Wikipedia, Wikimedia Foundation, 28 Dec. 2017, en.wikipedia.org/wiki/Fractional-reserve_banking.
Goldstein, Jacob, and David Kestenbaum. “Why We Left The Gold Standard.” NPR, NPR, 21 Apr. 2011, www.npr.org/sections/money/2011/04/27/135604828/why-we-left-the-gold-standard.
History.com Staff. “Bank Run.” History.com, A&E Television Networks, 2010, www.history.com/topics/bank-run.
“How Does Bitcoin Work?” How Does Bitcoin Work?, bitcoin.org/en/how-it-works.
“Monetary Policy of the United States.” Wikipedia, Wikimedia Foundation, 27 Dec. 2017, en.wikipedia.org/wiki/Monetary_policy_of_the_United_States.
Ross, Sean. “Understanding How the Federal Reserve Creates Money.” Investopedia, 14 Aug. 2015, www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp.
Staff, Investopedia. “The Great Moderation.” Investopedia, 29 Mar. 2010, www.investopedia.com/terms/g/great-moderation.asp.
Outro Credit - The Journey Begins, Andreas Resch