There has never been this much money in the world. Now is the time to own real property.Topics covered include:How to buy something with BitcoinHow cryptocurrencies are similar and different from fiat currenciesWhat is legal tenderWhy there has never been this much money in the worldWhy central banks can control interest rates but not inflationWhat real property should investors ownThanks to Truebill and Babbel for sponsoring the episode. Use code David for Babbel to get an additional three months free.For more information on this episode click here.Show NotesThe Power of Gold: The History of an Obsession by Peter L. BernsteinIRS Virtual Currency Guidance Announcement 2014-21—Internal Revenue ServiceLegal Tender Status—U.S. Department of the TreasuryIndia to propose cryptocurrency ban, penalising miners, traders - source by Aftab Ahmed, Nupur Anand—ReutersExecutive Order 6102—Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government by Franklin D. Roosevelt—The American Presidency ProjectTotal Circulating Bitcoin—Blockchain ChartsFederal Reserve statistical release: Factors Affecting Reserve Balances, March 18, 2021—United States Federal ReserveMoney Stock Measures – H.6 Release, March 23, 2021—Board of Governors of the Federal Reserve SystemM2 Money Stock/Gross Domestic Product—Federal Reserve Bank of St. LouisMonthly Budget Review: Summary for Fiscal Year 2020—Congressional Budget OfficeA Fed With No Fear of Inflation Should Scare Investors by James Mackintosh—The Wall Street JournalBiden Administration Officials Put Together $3 Trillion Economic Plan by Ken Thomas and Andrew Duehren—The Wall Street JournalTurkey faces a currency crisis after Erdogan sacks his central banker—The EconomistRelated Episodes295: Federal Reserve Insolvency and Monetizing the National Debt316: Paper, Rocks, or Digits—What Makes the Best Money322: Why Currency Exchange Rates MatterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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