Guy Swann

Gunpowder and monetary shifts

"All of monetary history actually explains all the wars. It explains all the conflicts. It explains why one country won and beat another country. But what do you hear about? The kings, the great battles. But, you know, t...

2026-06-04

Episode notes

"All of monetary history actually explains all the wars. It explains all the conflicts. It explains why one country won and beat another country. But what do you hear about? The kings, the great battles. But, you know, the real mover was gold. The real story was that a currency couldn't sustain its level of inflation, or its level of fraud from its kingdom, as well as a competing kingdom could.

The real stories are gunpowder. The real stories are technological as to what shaped the world. While the political and dramatic stories that we tell about the people and the events are brilliant and fun because they're human stories, largely, they are the consequential outcomes of built pressures from technological and monetary shifts."
~ Guy Swann

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