EPISODE 3 of the SLEEPYSKY Podcast where I talk discuss the devaluation of currency and some true stores of value in a failing economy.
Bitcoin is a new kind of currency. But unlike, say, the dollar or the yen, it’s not backed by any government. Also, you can’t hold it in your hand or put it in your pocket; it exists only on computers.
Bitcoin is supposed to be cash for the Internet age — anonymous money that anyone can use without using a credit card or going through a bank.
On today’s Planet Money, try to get our hands on a few bitcoins, which turns out to be harder than it sounds.
We dig into some basic questions that come up when you’re creating a new currency from scratch.
And we buy lunch.
âThe rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys
"Nothing flashy here. No clever sound business or comedy voices. Just interesting explanatory radio - telling you why the dollar arrived as top currency, and why its reign might be over" From http://speechification.com/