Debt Cycles & the Rise of Bitcoin with Greg Foss & Dylan LeClair - WBD374

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 19 July 2021

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Remotely
Date: Thursday 15th July
Company: Validus Power Corp, Bitcoin Magazine
Role: Bitcoin Strategist, Director of Financial Markets & Research

In Ray Dalio’s video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give.

The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the rise of Bitcoin the only logical conclusion to the fiat money system?

In this interview, I talk to Bitcoin Strategist Greg Foss and Dylan LeClair from Bitcoin Magazine. We discuss crony capitalism and perpetual bailouts, why debt cycles spell inflation, and how the world will turn to Bitcoin.

Transcript

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0:00.0	The reality is that Bitcoin will out-compete every other money going forward.
0:08.0	At this point during the monetization process is going to increase 10, 500, 4 maybe.
0:15.0	Hello there from Bedford in the United Kingdom,
0:18.0	how are you all doing?
0:20.0	Man, it's so sunny here.
0:21.0	We've just had a great weekend at Silverstone. It was so sunny here. Just had a great weekend at Silverstone.
0:24.0	It was so hot, I completely burnt my face off because I'm a typical idiot man.
0:28.0	I think ahead and I didn't have any suntan lotion.
0:31.0	So I am very burnt. But it was a great weekend
0:34.0	great to see Lewis Hamilton win although to be honest I did want Max for Stappin to win I did I know it might sound a little bit
0:40.7	anti-British but my friend he's race engineer for Max so I want him to
0:45.2	win so sorry sorry anyone British but it was a great weekend had a great time great
0:49.6	to see the crowds out great to see people just out and enjoying themselves.
0:53.4	I think we've missed a lot of this and it's Freedom Day in the UK.
0:56.6	You have to laugh at that.
0:57.6	Happy Freedom Day to all my fellow Brits.
0:59.8	Anyway, I am getting fixed, my back is getting better.
1:04.0	I am very soon going to be back on the road
1:06.6	and I've got a new film series being planned.
1:09.2	I'm thinking of heading out to a few places, Lebanon, Salvador Palestine Israel whole bunch of different places to see what's going on with
1:17.3	Bitcoin there so keep an eye out for that anyway welcome to the what Bitcoin did
1:22.2	podcast which is brought to you by
	...

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