53 min listen
123. Adventures in Late Stage Fiat: Libya with Nasr El-Hadi
123. Adventures in Late Stage Fiat: Libya with Nasr El-Hadi
ratings:
Length:
94 minutes
Released:
Jul 26, 2022
Format:
Podcast episode
Description
In this seminar, learners at saifedean.com discuss the current state of the fiat monetary system as the world experiences the dollar strengthening and other fiat currencies weakening. Regular seminar attendee Nasr El-Hadi discusses the history and the current state of the Libyan monetary system, where the central bank has split into two central banks each issuing the same currency with a different signature, with hilarious and disastrous consequences. Find out what happens when fiat 'hard forks', and how bitcoin and stablecoins are serving as a lifeline for Libyans who have no functioning monetary or banking system in this incredible adventure in Late Stage Fiat!
Released:
Jul 26, 2022
Format:
Podcast episode
Titles in the series (100)
Saifedean Ammous Interviewed by Jeff Deist by The Bitcoin Standard Podcast