Moment 75 - What You Think You Know About Money Is Wrong: Mo Gowdat
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
Uh Um and then You said, you know, what does money to me? And then when I asked you, you said you think you've come to learn that you think money is one of your illusions. What did you mean by that?
Money is an illusion at every every level. Uh Money doesn't exist. You and I know that. Anyone who understands fractional reserve and how money is printed and generated. Money does not even exist. You walk into a bank.
And you ask for a fifty thousand pounds loan for a car and they literally write the numbers five zero zero zero zero in a spreadsheet and poof. Money comes out of nowhere. That money never existed before you borrowed it. Okay, and will only exist when you work your back side off to pay it back. Right? And interestingly that in that illusion uh was created to
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