U.S. to 'Engineer a Scenario' to Inflate Its Way Out of $33 Trillion Debt Crisis? — Stephan Livera

(Part 1/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Stephan Livera, Host of Stephan Livera Podcast and Head of Education at Swan Bitcoin, who says the U.S. public debt levels are so high that the government could "engineer a scenario" to inflate its way out of the situation. Livera breaks down the fiat money system as a Ponzi scheme "propped up" by governments. He also draws parallels between the gold and Bitcoin standards and explores the connections between Austrian economics and Bitcoin. Stay tuned for Part 2!

00:00 - Intro
00:50 - U.S. debt
07:05 - Bitcoin as an alternative
11:33 - How would debt work under the Bitcoin standard?
19:13 - 'The Fiat Ponzi Scheme'
21:06 - Austrian economics and Bitcoin
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.

[iCanSeeWhatMostCant]

Anybody with circles that dark under their eyes knows their shit.

[jasonf.]

Enjoyed this guest !!! Clear and easy to understand with a logical argument.

[JerkyJones]

Loved this video. Very informative. Thanks Kitco😊

[mutantryeff]

Nothing would keep governments from making bitcoin from being blocked, just like governments stopped all trading of Russian stocks and etfs.

[BasicBeachCommunity]

did she say the cleanest SHIrt??? LOL (6:05)

[newworldbusinessfinance]

This guy is GREAT. Lots of gold nuggets here

[Serious-Man]

This guy did a good job describing a scenario where we all become permanent renters as we "consume" shelter like it's a commodity. Scary stuff.

[Dark_Embracer]

Both the Republicans and Democrat's increased America's national debt. Every president that came into office kept on increasing America's national debt.

[xcalifJohn]

With central bank digital currency the government with regulate or outlaw bitcoin out of existencel

[whdndrn]

Not going to address the debt until forced. So the issue is how to be ready for when the debt is forced to be issue to be addressed.

[James-toe]

Seems to be, the fastest/best way to address these financial issues is for everyone making under $150k a year to pull/withdrawal all their fiat from banks/financial and investment institutes, all at once. This would tank the stock markets into oblivion. This would be painful; sure, but it's the only way to reset the system. Of course, at this point, government would most likely step in and seize the already counterfeit money. I believe the true problem is the existence of the stock/bond markets.

[barrymcconathy]

Great interview, creates a lot to consider, thanks

[hexashirt]

Great interview! i'd like to pose that the intrinsic value of Bitcoin and it's value as a commodity comes from the fact that it is mined into existence, much like gold. And that mining requires a cost of energy and work to mine. Therefore it has a cost of production and an underlying value. This is from the commodity sense. in addition, there is the fixed supply, the unchanging monetary policy, decentralized nature of the network securing it, and that it cannot be confiscated like gold.

[lliamjurdom]

He is absolutely right and is indicative of his understanding of our current system flaws, the impact on property etcetera ... bitcoin will essentially turn our choices on their heads.

[kevinreese]

The US doesn’t have 20 years to wait on bitcoin. The crisis is here right now. We are 2-3 years away from interest on the debt being 100 percent of tax revenue !! LOL. The American quality of life is going drop, dramatically through both raises taxes and cuts to entitlement programs. People are so desperate a way out of this, that they have become delusional. There is no way out.

[charity]

This interview is way too informative for just 28mins 😢

[Sammythebull]

For the conversation about why would you spend your btc… you wouldn’t, while other options exists. Per Greshams law, we will spend bad money before we spend the good money. Once that is over, we will have only real money (btc), and people will spend their bitcoin, but at least things will be appropriately valued and people will inherently understand the real cost of spending money

[melatijingga]

Now we just need to see the ZRT55H$ price also move in the same direction as these charts. Up. Very Up.

[wilker_s]

And the US Debt is already closer to the 34 Trillions

[larryhardee]

You don’t quit devaluing the debt or shrinking that dollar in your pocket until you raise interest rates to stop it.