Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 15 June 2023

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

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Summary

Balaji has greatly impacted my thinking about what’s going on in the world and this 3 part controversial episode on what may be the worst financial crisis of our time is going to alter the way you think about the future of politics and society as we know it. These topics are uncomfortable, but are sure to spark a range of opinions and emotions and hopefully a lot of conversation about what you’ll decide to do from here. So, what are we unpacking in this epic interview? - Balaji's tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet. - The concerning state of the US economy and the need for alternative forms of money to hedge against a potential collapse. - Historical cycles of empires that rise to power and eventually collapse, and being prepared for potentially catastrophic consequences. - Balaji’s idea for the Network State that will blow your mind. In this conversation, Balaji really sheds light on complex government systems in a way that’s palatable and digestible. Get ready for one of the most important moments in our lifetime. Check out Balaji’s book, The Network State: How to Start A New Country: https://www.amazon.com/Network-State-How-Start-Country-ebook/dp/B09VPKZR3G Follow Balaji Srinivasan: Website: https://balajis.com/ Twitter: https://twitter.com/balajis/ 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. Get $300 into your brokerage account when you invest $5k within your first 90 days by going to https://bit.ly/FacetImpact. Head to www.insidetracker.com and use code “IMPACTTHEORY” to get 20% off! Sign up for a one-dollar-per-month trial period at https://bit.ly/ShopifyImpact. 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. Subscription Benefits: 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 New episodes delivered ad-free 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	What's up guys? Get ready for part one of an incredible three-part episode where we delve into
0:05.9	the controversial thought-provoking and sometimes almost scandalous viewpoints with the man
0:11.9	who burned $1 million to raise awareness about the trillions of dollars being printed,
0:18.3	the one and only, Balaji Shrinivasan.
0:21.6	Balaji, who predicted the response to COVID and the civil unrest that followed on Twitter
0:25.9	before basically anybody else is joining us now to talk about the precarious state of the economy,
0:32.9	possible banking collapse worse than 2008, and the catastrophic consequences you'll need to be prepared for.
0:39.8	Get your mental armor ready and brace yourself for part one of this very powerful conversation.
0:46.2	First, did you know, impact theory is now available on Amazon Music? Head over to the Amazon
0:51.3	Music app to hear more Impact Theory episodes like this, the hard conversations that really matter.
0:57.1	Don't wait, guys. Subscribe to Impact Theory now on Amazon Music and The Legendary.
1:02.5	I'm Tom Bill You and welcome to Impact Theory.
1:05.6	The problems go all the way to the bedrock of the financial system in terms of treasuries being the new toxic waste,
1:11.3	it's going to be at least as bad as 2008, but probably worse than that.
1:15.9	You spent a million dollars of your own money to raise the alarm to the fact that the government
1:22.1	is printing trillions of dollars.
1:25.2	And what I want to know is how are you so sure that the U.S.
1:29.2	economy is in really bad shape? What does Bitcoin have to do with this? And how on earth
1:35.9	could you justify spending a million dollars of your own money to make people aware of this?
1:40.0	I do believe that we're in the middle of something or at the beginning of something that is at least as serious as a 2008 crisis.
1:48.7	The government is extremely good at kicking the can, and like that's its primary skill in some ways.
1:54.7	So it's hard to know exactly when things will be formally acknowledged as such.
	...

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