Parker Lewis
speaker
599 appearances
1 recordings
1 series
first heard Jul 2026
last heard 17 Jul
Parker Lewis’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
All it eliminates, or the viability of credit for that matter, all it eliminates is the ability to bail out banks if banks lend money and can't return it to the depositors
or then the shareholders after the depositors.
And so the way that I think about it is, and to compare with the fiat system, because it is really difficult in the fiat brain world, because the fiat world exists so far detached from any semblance of reality that if the Fed system has six to seven trillion of base money in it right now,
there are like $105 trillion of dollar-denominated debt that exists.
We're not talking about unfunded pension liabilities or derivatives, just government debt, state, local, federal, credit card debt, auto loans, student loans, mortgages, vanilla debt, things that are not preferred equity, things that have a fixed maturity and a fixed liability.
Um, well, how in the world could the credit system be like the amount of debt be 105, but all the money that exists is only six or seven.
That functionally means that the same dollar has been lent out, you know, seven, 16, 17 times.
Because that is the system that exists today where the credit system is actually larger than the amount of money that exists, which only exists because the Fed introduced dollars and prevented the entire credit system from restructuring and shrinking for 50 years.
It was turbocharged at the time of the financial crisis, and the credit creation has accelerated as a function of all the dollars that they put into the system in the great financial crisis and then again in 2020.
But they were doing the same thing functionally in the 80s, 90s.
early 2000s before the financial crisis, that the only way that that could get to that extreme of there being 15 times to 17 times the amount of debt than the money in a world where you can create money and bail bad debt out.
So the way that I see the Bitcoin world working is there's 21 million Bitcoin.
All Bitcoin are always being saved by everybody.
And some of those people are going to be 70 years old, 80 years old, 90 years old.
Some of them are going to be 20 years old coming into the economy and they don't have any money and they're working.
Well, in that world where everyone's on a Bitcoin standard, the opportunity for Bitcoin to increase by a factor of 10 when everybody's in this world...
Bitcoin's the pricing mechanism.
You're not just paying for things in Bitcoin.
The ribeye is priced in Bitcoin or sats.
The gas at the gas station is priced in sats.
Showing 461–480 of 599 · page 24 of 30
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