Part 6/13:

• Bailouts and systemic risk: When banks face insolvency, central banks bail them out with more printed money, socializing losses and increasing systemic dependence on debt.

The cycle repeats endlessly, fueling bubbles, crashes, and a gradual erosion of economic stability.

The Critical Need for Sound Money

Amidst this chaos, the conversation emphasizes the importance of sound money—an unchangeable, scarce asset that preserves energy and value over time. Historically, gold served this purpose but was ultimately replaced by fiat because of its inefficiency.