Keynote Speech – Saifedean Ammous
summary
Argues fiat is born in WWI and becomes a war-enabler: Bank of England holds 31% gold reserve, prints ~£300m, suspends gold redemption and runs a bond sale equal to 55% of public debt that fewer than 100,000 investors out of 46 million buy; two bank employees end up buying most of it. Claims that this fiat malware makes long total wars cheap and permanent, and imagines a “Bitcoin of 1915” — a mobile, uncapturable money that would have let gold flee central banks and collapsed war financing.
AI-written summary · about
chapters (13)
- 0:00Start
- 0:28Fiat's WWI Genesis
- 2:30Gold Standard Suspension
- 5:00Fiat Enables Endless Wars
- 7:30Hard Money Shortens Conflicts
- 10:00Central Banks Capture Gold
- 12:30Bitcoin vs Gold Mobility
- 15:00Bitcoin Rug Pulls Governments
- 17:30Gold Bug Thought Experiment
- 20:00Bitcoin's Uncapturable Peace
- 22:30Fiat Malware History
- 25:00Bitcoin Ends War Cycle
- 26:57Closing
related talks
17mSaifedean Ammous on Why Bitcoin Will Replace Central Banks
35mAustrian Economics, Hard Money & Bitcoin Cycles
32mBackstage Interview
30mThe New Monetary Order and the Fall of Fiat
51mKeynote Speech
24m$850K In Play - It's Time to UNF**K The Money
20mFighting Fiat Corruption with Truth
53mThe Euro & Bitcoin