A Bitcoiner's Perspective on the Banking Crisis w/ Guy Swann

Guy Swann is a friend, bitcoiner, and creator and host of 'Bitcoin Audible', a podcast where he reads the top articles in the bitcoin space, and provides extensive and valuable commentary on them.

I've known Guy since I've been in the bitcoin space, but we hadn't spoken in a while, so we booked a podcast to have a catch up and discuss some things happening in bitcoin that I was hoping to get his opinion on.

As it turns out, the day of our recording was Monday the 13th of 2023, when the US Treasury / Government / Federal Reserve, took actions to 'not bail out' Silicon Valley Bank, and take possession and shutter Silvergate and Signature bank (which serviced the bitcoin and 'crypto' industry).

As a result, we used our time to discuss this topic, how we think it was handled, the systemic dynamics that lead to it occurring in the first place, and our many critiques of them, and finally, why 'bitcoin fixes this' :)

Enjoy!

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More from Guy:
TWITTER: https://twitter.com/TheGuySwann
WEBSITE: guyswann.com

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MEDIUM: http://bit.ly/2Zk0Dex
SUBSTACK: Money Messiah
VIDA: https://vida.page/johnkvallis
NOSTR: npub1cqm6dztalp4l6n04f9k20c333xftgangjla337736dr6faz9na0qf2hjec

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Timeline:

00:00 - Intro
01:10 - Guy’s Take On The Current Banking ‘Crisis’ & The ‘Battle Of The Central Banks’
17:15 - Implications Of Gov Intervention & ‘Par Value’ Treatment Of Bonds Held By Banks
35:30 - The Results Of A ‘Distorted Price Signal’
38:30 - Sticking To Or Abandoning You’re Principles In Times of Crisis
45:25 - The ‘Faustian Bargain’ Which ‘The State’ Offers
1:01:15 - The Resistance And Pain To Updating Or Disrupting Your Worldview
1:12:00 - Finding ‘The Others’ And Experiencing ‘Relief’ & ‘Orange Pilling’ More Effectively
1:22:27 - The Values Which The Fiat System vs The Bitcoin System Elevates & Incentivizes
1:27:26 - The Power Of Conviction
1:29:58 - How Will The Current Chaos Or ‘Regulatory Attacks’ Impact Bitcoin?
1:31:27 - Guy’s Outlook For Bitcoin
1:43:03 - Closing Remarks & Guy’s Meme Videos