Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 2

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 16 June 2023

⏱️ 111 minutes

🔗️ Recording | iTunes | RSS

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Summary

I hope you’re buckled in as we continue part 2 of this 3 part series guaranteed to stretch the limits of your thinking with the entrepreneur that bet 1 Million dollars that the US would not enter hyperinflation, Balaji Srinivasan. In this conversation, Balaji exposes the increasing political polarization between Democrats and Republicans, both in Congress and on social media networks. Brace yourself for a revelation that will make you question everything. China's ascent as a global power and its implications is a huge concern and where this is potentially heading is why you must take this seriously. Join the conversation and share your thoughts on these fascinating and contentious issues! 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 is up, guys? We are continuing with part two of this incredible three-part episode with Bologi
0:06.5	Shrinivasan. If you don't know him, this guy is guaranteed to stretch the limits of your thinking.
0:12.5	He is an incredible thinker, an incredible entrepreneur, and one of the brightest minds
0:16.7	talking in economics today. And in this episode, we're exploring the growing political divide,
0:22.1	China's influence, and the far-reaching impact of the potential economic instability coming.
0:27.7	He thinks it's going to be worse in 2008. It's bananas. One of the things that we tackle is,
0:32.4	are we witnessing the emergence of a new global superpower while the American Empire fails?
0:39.7	Or is this just the tip of an even far larger iceberg? Stay tuned for more and make sure you're subscribed to
0:44.9	Impact Theory on Amazon Music, so you do not miss the upcoming finale of this mind-blowing
0:50.3	episode with Bala J. Shrina Vosin, part three of this bad boy is coming up. So go
0:55.6	subscribe right now. I'm Tom Bilyu, and welcome to Impact Theory. Before we move on, I think this is
1:01.9	very important. So, uh, Chimath, Holly Hopatia, Pali Hopatia, sorry. Uh, so I don't want to
1:09.5	misrepresent his views, but he is, I think he's incredibly bright.
1:13.4	And he has said many times, and Chamath, forgive me if I'm getting your idea wrong here. But basically,
1:20.6	that the debt to GDP ratio is a big nothing burger. And everybody gets their panties in a twist.
1:26.4	Does that number gets bigger and,
1:29.3	you know, we've got multiples of GDP and debt. And he's like, nah, nothing's ever going to
1:33.3	happen. It doesn't matter. There is no upper bound. What do you say to that? Is there a breaking
1:39.7	point? Or can we actually just keep printing money basically forever?
1:50.7	Well, you know, Chimatha is a colleague and co-investor and I've been on all in a bit,
1:53.0	and I think we have a cordial relationship.
1:58.2	Chamath has also said, put 1% of your assets in Bitcoin just in case.
	...

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