The Hidden Cost of Money w/ Seb Bunney (BTC160)

In a deep dive with Seb Bunney, author of "The Hidden Cost of Money," we explore the intricate impact of monetary systems on society. From historical interventions shaping finance to money's influence on mental health and politics, Bunney challenges mainstream views on capitalism and regulation, revealing how money shapes our world. Tune in for a thought-provoking journey through economic realities.
IN THIS EPISODE, YOU’LL LEARN:
- Discover how historical interventions have drastically shaped our current financial system.
- Learn about the hidden costs of monetary intervention, including its impact on purchasing power.
- Understand the 'Four Stages of Economic Ruin' and see real-world examples of each stage.
- Explore how our monetary system influences individual and collective behavior and the concept of monetary sovereignty.
- Gain insight into the connection between economic instability and mental health and how a stable monetary system can improve mental health outcomes.
- Uncover the societal consequences of monetary choices, focusing on inequality and social cohesion.
- Learn about the extent of the monetary system's influence on government policy and political behavior and the ways to address money's corruption in politics.
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📖 BOOKS MENTIONED:
- The Hidden Cost of Money by Seb Bunney: amzn.to/3RP0SJb
- The Price of Tomorrow by Jeff Booth: amzn.to/48clekP
- Broken Money by Lyn Alden: amzn.to/3OZQv2r
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On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.
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[@PrestonPysh]

📌 Check out this video next: kzbin.info/www/bejne/n4msmoaVoJJ6n8U ⚠ IMPORTANT: Please beware of cyber scams and phishing attacks. We will never ask for your contact info in the comments section. Kindly report suspicious accounts you see below. Thank you!

[@ryanpike6338]

This single podcast episode, fully absorbed, is more valuable than 90% of university degrees.

[@danielwalker1340]

I qualified as an Economist in the mid 1990s and then spent the next 20 years between Banking in Sydney then as a Private Equity Fund Manager in London and Europe afterwhich I left the City for a complete change of life at age 40. I can say hands down that this was the best explanation of current economics, the monetary system and our overall societal situation I have yet heard and the fact that it is presented in a way that is understandable to almost all makes it even more valuable. I have been looking for something I can give my 14yo son to listen to (or read) which is a nice overview as he is just starting to get interested in business and investments. This interview may be just the thing. 🙏

[@adiintel1]

Brilliant podcast tonight Preston. this is what the masses need to hear.

[@CaldwellChamp]

Phenomenal interview. This will the episode I send my friends who are beginners to economics.

[@UIM_Loki]

holy... this conversation was amazing. never heard of Seb Bunney before, but he needs to be elevated in the bitcoin space for sure. 10/10

[@keithoftheshire2805]

Excellent....thanks Seb, thanks Preston and thanks to BTC 😊

[@Acd1217]

Fantastic interview ❤️❤️❤️

[@Awesomes453]

Best one I have heard so far … thank you 🙏

[@myaiumba]

Bought the book yesterday. If the book is anything like this interview, then it doesn’t cost enough. Mind blown. Amazing.

[@torutomaktu]

Seb has a profound depth in his thinking

[@lastnamefirstname2390]

This is a good video building on what Jeff Booth said. The only thing I'll say is socialism is not the government doing stuff or intervening. No one knows what that word means apparently.

[@bitcoinpoemspro1406]

Amazing interview. I’m still working my way through Lyn’s book.

[@matejsvec4451]

Main point: money is the driving incentive for social & economical behaviour. Brilliant! Great to have deep thinkers such as Seb on the show.

[@GentleBen187]

One of your best interviews / guests!

[@joewollhower]

This might help my very poor orange-pilling skills.

[@cryptoshrimp2075]

An insightful and thought provoking conversation/discussion - thank you

[@1Oldgreenbus]

Triple Genius Seb, Bravo! Thanks Preston

[@the_giveback_realtor]

This book needs be an audiobook.

[@benmorrison9196]

After hearing this it makes sense that planned obsolescence is the logical outcome for a society that measures growth through a lens of consumption.

[@clayfinck431]

Just ordered the book. Thanks Seb & Preston!

[@MrProtour]

Really rad interview. While I love the typical ecosystem and macro discussions this seemed to speak to me on a deeper level. Thanks for highlighting Seb’s work

[@user-ey4od6jp9n]

This discussion was Fantastic. Author is wise beyond his years.

[@jonsmith6605]

Brill.. he put it all together...

[@Luke-cj7gz]

Environmental destruction! Yes. Glad this was mentioned

[@theresawaveyme4482]

Phenomenal talk today. Thanks so much. Seb and Preston are such good humans!!! Thanks T

[@brad6105]

Preston Pysh and Seb Bunney are epic thought leaders in the Bitcoin space.

[@westra4]

Very good

[@ZedGames]

I really think I'm starting to understand bitcoin... It's a never ending learning curve, the more you learn the higher percentage of your portfolio is in bitcoin. You are done learning when you hit 100% lol.....

[@JoeParysCrypto_helpline]

To be a good trader you have to be informed daily

[@aniniels-hw5iv]

Regardless of how bad it gets on the economy, I still make over $15,000 every single week. Thanks to Fergus Waylen for keepin me financially Educated!

[@domenez]

The financial market is highly profitable with an expert broker just like Fergus waylen. I got recommended to him and since then my financial life has been a success.

[@FranklyHunt]

It's truly great to see the name Fergus Waylen mentioned here. I have immensely earned working with him and I'm truly happy with my decision to work with him because he has proven to be the most reliable Financial consultant to work with

[@charles2395]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@nissan38p69]

I also follow the guidelines of Mr Fergus, invested $88,000 in Bitcoin, making 15%- 20% every week. unlike I can say for my IRA which has just been trudging along

[@Ricgibs]

he has a strong reputation and good insight when it comes to profiting from economic fluctuations. I trust Fergus Waylen completely.

[@michaelsilva2648]

Well said. Thanks

[@scepisle4970]

Excellent interview thx..❤

[@pauledon4972]

The most valuable interview I’ve seen over the past few years. I’m going to purchase multiple copies of this book to send to my family, friends and colleagues for Xmas. Thank you!

[@jingmu1289]

This is such a brilliant discussion! I am always amazed by how many different areas bitcoin can be applied to or provide inner connection with. Seb's research truly brings this to the next level. I am also a practitioner of buddhism and holistic healing (Chinese medicine). The inner connection Seb talked about between bitcoin and many societal and even health or spiritual problems really struck me. I agree that Seb and Lynn are both amazing. I have Lynn's book and can't wait to read Seb's! Thanks for the great episode! I am also grateful that bitcoin bring a group of people that are first principle oriented and very truth seeking together!

[@mikestaub]

Great interview!

[@zpatrik]

Superb 👏

[@Ryan-jn4wu]

Outstanding interview! Rich with thoughtful content, explained clearly 👏🏼 🌟

[@fjohnson9749]

Question, back in the day, pieces of eight were made from a piece of one. Other systems debased currencies by changing the metals in the coins. Why then could BC not be debased on the negative side of the xy chart vs the positive side we are seeing with fiat today? Is not the result the same? As in the past when creating more currency took much labor and time so just cut a coin into 8 pieces?

[@AC-vp4ss]

Great interview. Great perspectives as well. Thank you both!

[@JoeParysCrypto_helpline]

Thanks

[@EFV2000]

great guest

[@nopemerry7410]

Another brilliant interview Seb is a very smart man!

[@JoeParysCrypto_helpline]

I appreciate you man

[@ILostThemInABoatingAccident]

Brilliant insights from Seb Bunney! Phenomenal show Preston.

[@danielwalker1340]

Just looking through the notes but cant find any links to Seb's twitter or other work.

[@notachance8183]

Brilliant 👏 buying this book!

[@JoeParysCrypto_helpline]

Good 👍

[@kyle9296]

Great episode. Will there be an audiobook?

[@JoeParysCrypto_helpline]

Ok private section will do

[@rebranch74]

From 55 :10 very interesting, thank you.

[@nilskp]

I can't find an EPUB version.

[@myaiumba]

Absolutely love this episode. My third time watching.

[@libertypills5580]

Great conversation. Great ideas! I just need to mention that a lot of what was discussed I've learned from Stefan Molyneux one the past 15 years. Would love to hear a conversation between Molyneux and Preston!

[@SuperLkelley]

Superb

[@JoeParysCrypto_helpline]

👍

[@anaekwekv9245]

Outstanding

[@JoeParysCrypto_helpline]

Nice

[@JoeParysCrypto_helpline]

Cool

[@dcntralizedmind2754]

One of many things Ive learned from Jeff Booth is that all prices falling in relation to Bitcoin is happening NOW. We should stop talking about it as some future potential event. We live in that world now

[@CC-md5jp]

Algorithm 💪🏻

[@meyroakabigrem1679]

Money is devaluing to infinity. Data storage demand is growing to infinity. Bitcoin for decentralised money. Filecoin for decentralised data storage. Both hugely important for humanity. And both very much certain to succeed in their respective areas

[@SAL-fs1mr]

No no no, don't bring up your centralized pump and dump altcoin into this. It's bitcoin. and only Bitcoin.

[@meyroakabigrem1679]

@@SAL-fs1mr I think you are confusing concepts here. There is no "alt" to Bitcoin. There is no second best global decentralized store of value. And we are all very right to keep shitcoinery separate from Bitcoin. Filecoin is arguably a centralized business, (and quite possibly also an unregistered security) but it decentralizes data storage (again, 2 separate concepts). And decentralized data storage is a very important concept. Also very important synergy with Bitcoin for obvious reasons, and one which Bitcoiners should be supportive of from both an economic and philosophical perspective. Bitcoiners can also own other assets such as property, stocks, and have VC stakes in startups Hope that makes sense!

[@Hobozakki]

All prices fall against bitcoin… If you cant afford anything today just buy some bitcoin and one day ur bitcoin will be able to buy it… Save in bitcoin and you can buy a house way sooner than if u saved in fiat… A house today might cost you $500,000 or 12 bitcoin but that same house might cost you 1 bitcoin in 5-10-15 years… maybe even less than one bitcoin…. 🤷🏼‍♂️ Bitcoin is real money its the money people always needed!! Stack sats, save in bitcoin and you will be much more wealthier in the future than you are saving in fiat dollers!! ❤

[@slawhdawg3131]

Love the segment on environmental destruction and how a consumer based economy. I’ve been thinking this way and trying to explain it to my environmental friends that think BTC is destroying the world lol

[@Buddhist_Gnome]

We COULD tax the rich and corporations.

[@eugene9446]

🎯🗝️💥💯

[@Scorch428]

The healthcare system is ballooning because the boomers are getting older and they werent taught how to live a healthy lifestyle when they were younger. Its also because the only thing poor people can afford to eat is 85 cent microwavable pizzas from WalMart. Im 40 years old, been working since the day I turned 16, and I cant even afford a house. My paychecks all to to necessary bills. Ive tried looking where I can cut back, and I just cant - Im simply not making enough. If I was able to save even a tiny bit each check, Id be fine, but lower level workers just cant.

[@matejsvec4451]

Btw your dad buying your brother a scooter need a lesson in monetary policy :D

[@user-ol7tl1vf5m]

Imagine Preston paying taxes for every video he exchanges information with us. He enriches us like someone exchanging an asset for fiat currency, both an exchange of information.

[@21Guitars_]

What a strange conversation this was. The dude is just trying to fire off his talking points

[@BUY_YOUTUBE_VIEWS_c034]

Who else is here from IG? 😄