Libya is run by two competing central banks

Show Notes

This is a snippet of a recent Podcast "123. Adventures in the late stage of fiat: Lybia". You can find the full Episode here: https://youtu.be/zp__kuZw3LU In this seminar, learners at saifedean.com discuss the current state of the fiat monetary system as the world experiences the dollar strengthening and other fiat currencies weakening. Regular seminar attendee Nasr El-Hadi discusses the history and the current state of the Libyan monetary system, where the central bank has split into two central banks each issuing the same currency with a different signature, with hilarious and disastrous consequences. Find out what happens when fiat 'hard forks', and how bitcoin and stablecoins are serving as a lifeline for Libyans who have no functioning monetary or banking system in this incredible adventure in Late Stage Fiat! ----------------------------------------------------------------------- Saifedean’s first book, The Bitcoin Standard: http://saifedean.com/thebitcoinstandard Saifedean’s second book, The Fiat Standard: http://saifedean.com/thefiatstandard Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here: https://saifedean.com/membership/