#203: Everything You Need To Know About The History Of Money, Inflation And Recessions

<p>What is money? With everything going on right now – from an impending recession and skyrocketing inflation, I was keen to have Davinci Jeremie on the show again. This time, we are doing a deep dive into the history of money. Leaning on his experience as a software developer and an early adopter of cryptocurrency, Davinci takes listeners back to the beginning of money; we talk about gold and silver, why paper money was introduced, and the start of the banking system. We also discuss the advent of digital currencies, why governments are printing money and the severity of the upcoming recession. If you want to understand money and how the system works, this is an episode you should not miss.</p> <p> </p> <p><strong>Discussion points</strong></p> <p>02:30 Why Davinci is back on the show</p> <p>03:20 What is money?</p> <p>08:47 Why gold and silver was used as a bartering tool</p> <p>09:48 The introduction of paper money</p> <p>13:09 The transition to paper money</p> <p>14:13 The first recorded bank</p> <p>15:32 Why the bank system will collapse</p> <p>19:49 What happened in 2008</p> <p>28:37 The printing of money</p> <p>33:29 The start of digital currencies</p> <p>38:00 Why people still own fiat money</p> <p>38:38 Scams, fraud and theft</p> <p>43:27 Fiat money VS digital currencies</p> <p>50:53 What a bail-in is and how it affects you</p> <p>54:43 The 1-to-10 rule</p> <p>59:20 Are we in a recession?</p> <p>01:01:03 What stocks are good to buy</p> <p>01:02:25 The safety of crypto trading platforms</p> <p>01:07:03 Responsibilies of giving trading advice</p> <p>01:12:11 Web3: uses of the metaverse</p> <p>01:17:48 BTC and ETH predictions for the rest of the year</p> <p><strong> </strong></p> <p><strong>Show Sponsors:</strong></p> <p>Smartkas: Providing food security as a service <a href= "https://www.instagram.com/smartkastech/?hl=en">[https://www.instagram.com/smartkastech/?hl=en]</a></p> <p>Najahi Events: The UAE’s leading event promotor <a href= "https://www.instagram.com/najahievents/?hl=en">[https://www.instagram.