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"As detailed in Saifedean Ammous\u2019s \u201cThe Fiat Standard,\u201d in November 1914 the British government \u201cissued the first war bond, aiming to raise 350 million pounds from private investors at an interest rate of 4.1% and a maturity of ten years. Surprisingly, the bond issue was undersubscribed, and the British public purchased less than a third of the targeted sum. To avoid publicizing this failure, the Bank of England granted funds to its chief cashier and his deputy to purchase the bonds under their own names.\u201d\nThis was one of the more prominent early examples of government bond market intervention to finance war, and it would provide a blueprint for America to follow for decades to come." - Alex Gladstein\n\nToday we have an incredible piece from Alex Galdstein returning with his incredible deep dives into the history of money, what is happening around the world, and how Bitcoin fits into the world's massive problems today, and may fundamentally alter the course of history. Don't miss an incredible walk through the history of war, and how money has hidden their cost, and thus made them a permanent part of our modern society.\xa0\n\nLink to the article: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war\n\nFor the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:\n\u2022 Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.\n\u2022 Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)\n\u2022 Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.\n\u2022 Get tickets to the biggest & most exciting Bitcoin conference in the universe! Bitcoin 2022 (guyswann.com/2022). 10% discount if you use code GUYSWANN.\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message