A Great Depression Worse Than 2008 - Survive & Thrive During The New Economic Reset | Arthur Hayes PT 2

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Impact Theory

News, Business, News Commentary

4.7 • 5.2K Ratings

🗓️ 4 October 2023

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to the second part of this conversation with macro-investor Arthur Hayes, looking at money-printing, rising inflation, the potential banking crisis, and the massive amount of debts at the country and consumer levels. Today’s two-part episode is an opportunity to gather knowledge and understanding about what’s happening right now so that you can devise the best strategy to survive financial collapse. Arthur Hayes, a brilliant macro-investor and entrepreneur is joining me to expose the signs of an impending financial crisis that will be detrimental for people caught off guard. In the second part of this discussion, we’re talking about Arthur’s bellbar strategy for structuring his portfolio Meet Arthur Hayes, the unflinching co-founder of BitMEX and a pivotal figure in the crypto world, known for his controversial yet insightful perspectives. You’re going to need to lean into this episode as this financial maverick tackles the daunting challenges of inflation, massive debt, and looming banking crises with candor and astute acumen. Follow Arthur Hayes: Substack: https://cryptohayes.substack.com/ Twitter: https://twitter.com/CryptoHayes Instagram: https://www.instagram.com/arthur__hayes/ SPONSORS: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. Right now, Kajabi is offering a 30-day free trial to start your own business if you go to https://bit.ly/Kajabi-Impact. Head to www.insidetracker.com and use code “IMPACTTHEORY” to get 20% off! Learn a new language and get 55% off at https://bit.ly/BabbelImpact. Try NordVPN risk-free with a 30-day money-back guarantee by going to https://bit.ly/NordVPNImpact Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self. Go to https://bit.ly/PlungeImpact and use code IMPACT to get $150 off your incredible cold plunge tub today. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. * New episodes delivered ad-free * Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more * Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list * You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: *Legendary Mindset: Mindset & Self-Improvement *Money Mindset: Business & Finance *Relationship Theory: Relationships *Health Theory: Mental & Physical Health *Power Ups: Weekly Doses of Short Motivational Quotes *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to part two with Arthur Hayes. We're exploring the idea that Ray Dalio laid out,
0:05.3	that the next five years are going to be years of radical disorder. There's going to be money printing,
0:10.8	rising inflation. We've got the potential banking crisis looming debt literally out of hand.
0:16.8	And in the second part, Arthur and I really go into what you can do in order to make sure that you get through all of this well and understanding exactly what crypto's role is going to be in all of this.
0:28.6	Buckle up because there's a lot more to cover in part two with Arthur Hayes.
0:34.1	Okay. So that makes investing sound easier than I have experienced it to be.
0:40.5	So the way, again, saying very clearly, nobody should take investing advice from me.
0:47.1	And I mean nobody.
0:49.2	I am still grappling to understand this stuff.
0:51.8	But when people do ask me, hey, Tom, with your limited
0:54.6	understanding of investing, what do you advise that I do? My thing is always, uh, you're going to
1:01.3	lose if you try to trade. So don't try to trade, meaning actively like I'm in there. Oh, I got just
1:06.4	right. And I'm trading in the morning in the afternoon. Like you're going to lose. Guaranteed.
1:10.8	Uh, what I would tell them to do is pick the most diversified. and I'm trading in the morning in the afternoon. Like, you're going to lose. Guaranteed.
1:16.3	What I would tell them to do is pick the most diversified bundle of whatever, whatever.
1:21.6	So whether that's the S&P or you said AI gross stocks, I don't know if you consider that high volatility.
1:28.7	But something that where it spreads your risk that is commensurate with the amount of knowledge that you have.
1:32.3	If you don't have a lot of knowledge in it, then I would go very broad and I would be very careful and I'd be trying to get as close to Ray Dalio's All Weather Fund as humanly possible,
1:36.8	something that's going to perform four or five percent, no matter what happens.
1:41.3	That's when you're ignorant, like me, is the the thing that I would push people towards
1:48.8	do you agree with that when people don't know and do you agree if you're going to get
1:54.1	into something that's high volatility you should only do it in an area that you understand
	...

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