Banks, Crypto, China: Do We Need to Be Afraid? | Omid Malekan & Cal Fussman

The James Altucher Show

James Altucher

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4.6 • 2.7K Ratings

🗓️ 21 March 2023

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amid bank runs and mid-size bank insolvency, crypto's continued massive fluctuation, and China's increasing influence as an international deal broker, uncertainty about the US financial system's dominance is running high. Resident financial expert Omid Malekan joins James and guest Cal Fussman to discuss how we've arrived at this point, what issues are worth worrying over, and what comes next for the American financial system.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.7	This is the James Altiger show.
0:18.0	So Oman, I don't know if you know Cal Fussman, he was an editor at large at Esquire.
0:22.2	He interviewed everybody from Gorbachev to...
0:25.0	I always think of Gorbachev, but everybody on down from Gorbachev.
0:29.8	And Larry King and Cal had breakfast every morning for like 700 years.
0:34.9	So he's the interviewer's interviewer and super smart guy.
0:39.4	And Cal Oman is written books about crypto.
0:42.7	He was really responsible for crypto as city group.
0:45.7	Like was one of the top guys for helping city group figure out the crypto landscape.
0:50.2	And Oman and I have worked together since 2002 Oman or 2003.
0:55.3	Yeah, sounds about right.
0:57.5	And that pleasure in me to Cal.
0:59.8	And it's great to be here.
1:01.2	Thank you.
1:02.2	I just thought I was going to be a fly on the wall, but I'm so grateful to be able to participate.
1:06.9	But I'm going to be listening for a while because I got to get caught up on stuff.
1:12.0	Yeah, and Oman, I was thinking I would give like a brief explanation from the banking viewpoint
1:17.7	of what has happened recently, just like in layman's basic terms.
1:22.7	Because I think the media is fanning a lot of different flames and I just want to put it
1:26.7	in perspective.
1:28.0	And then I would love then to hear and maybe even challenge your perspective from a crypto
	...

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