Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 3
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 19 June 2023
⏱️ 85 minutes
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| 0:00.0 | What's up, guys? In today's episode, we finish this incredible three-part series with Bologi Shrinivasan, |
| 0:06.0 | the man that spent a million dollars of his own money just to raise awareness about the trillions of |
| 0:11.4 | dollars being printed right now. We're about to deep dive into uncharted waters with mind-blowing |
| 0:16.1 | discussions about the U.S. governmental power, secular nationalism, and the role of fiat currency. |
| 0:22.3 | Does the power of a nation's military and the strength of its fiat currency truly determine its global dominance? |
| 0:28.1 | We're going to be diving into that question today. |
| 0:30.6 | Brace yourself for a revelation that will make you question everything. |
| 0:35.2 | Make sure you never miss out on these mind-blowing conversations and subscribe |
| 0:38.7 | to Impact Theory on Amazon Music Today. Head over to the Amazon Music app to hear more episodes |
| 0:44.6 | just like this with the experts and thought leaders that you need access to if you're going |
| 0:48.9 | to navigate this changing world well. I'm Tom Billu and welcome to Impact Theory. When you look at categorical errors, |
| 0:56.4 | I think they are the most dangerous error that you can make because it is to fundamentally |
| 1:00.5 | misunderstand the nature of the thing. And so if you're Blockbuster or Kodak and you think the |
| 1:07.0 | nature of the thing is I am selling you the experience of coming in and selecting a DVD and going home with it. You're coming in, you're buying popcorn, et cetera, et cetera. And you don't realize that the actual category of thing is, I'm just entertaining you in the way that you want to be entertained. Or I'm removing friction from the entertainment process. So instead of having to go to a movie theater, you come here and you can pick whatever movie. You don't have to worry about start times, et cetera, et cetera. So if they had understood that what their job was was to remove the friction from the entertainment experience, then they would have seen, oh, Netflix does that even better. So there's even less friction, you know, in the beginning for kids that don't know, it's like used to ship the DVD back and forth in the mail. But you could go online and say, here are the next three or five, depending on which thing you signed up for, videos that I want, as I send them back to you, you send me the next one. So you can watch whatever you wanted. There was no more late fees, et cetera, et cetera. Okay, so you take Mao. Mao organizes everybody. Steam rolls is the right word. He steam rolls over everybody. Literally, |
| 2:06.4 | you can't imagine how sinister and evil this guy was. Read Mao the untold story. It is unimaginable |
| 2:12.5 | that a human being could do that to other human beings. Absolutely insane. So he galvanizes this group of people and he thinks that basically terror is the |
| 2:23.7 | organizing principle. |
| 2:24.5 | Now, he does give them ideology to cling to, but it's really terror that works. |
| 2:30.1 | And you see him make these realizations throughout his life. |
| 2:33.3 | Whereas the following regimes |
| 2:35.2 | realize, oh, actually, we can hold people together with ideology and by making them feel better. |
| 2:43.4 | Now, we're seeing sort of a flirtation with a return to the hammer and people can't let you |
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