US Banking Crisis: The Truth Behind The Disaster & How It Will Get Worse... | Robert Breedlove (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 10 June 2024

⏱️ 130 minutes

🔗️ Recording | iTunes | RSS

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Summary

The banking crisis we’re experiencing has us at a tipping point we can’t ignore. Hopefully it's causing you to be more thoughtful about money, what it really is, how it works, and how you can better leverage it. The banking system is set up in a way that encourages hyperinflation and incentivizes more debt and investment strategies as a hedge against inflation. The current $8 trillion dollar bailout package happening over the last three years is 10 times over the 2008 bailouts! This is for sure cause for alarm. Robert Breedlove has been the bitcoin philosopher and thought leader for hundreds of millions of people. He’s a freedom maximalist, and bitcoin philosopher that offers food for thought that can melt your brain. His breakdown of inflation being a version of legal theft will grab your attention when you hear about inflation from the context of systemic theft. How many more trillions of dollars will the Fed continue to print and how many more banks will have to collapse before we have your full attention on the economic disaster happening? [Original air date: 4-18-23]. Follow Robert Breedlove: YouTube: https://www.youtube.com/channel/UC43_LTf5Z4lbRjKCq0sIAVg Twitter: https://twitter.com/Breedlove22 LinkedIn:https://www.linkedin.com/in/breedlove22/ Podcast: https://whatismoneypodcast.com/ Instagram: https://www.instagram.com/breedlove_22/ SPONSORS: Keep your ride-or-die alive at https://EbayMotors.com Explore the Range Rover Sport at https://landroverusa.com NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://netsuite.com/THEORY. Use this link and Hartford Gold will give you up to $15,000 dollars of FREE silver on your first qualifying: order.offers.americanhartfordgold.com/content-affiliate/?&leadsource=affiliate&utm_sfcampaign=701Rb000009EnmrIAC Start your free online visit today at https://Hims.com/IMPACT for your personalized ED treatment options. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So the SVB banking collapse, the Bologi sense that all of this is just going to keep going, keep going, keep going. And we've reached some sort of threshold moment that requires us to put the bit signal into the sky, as he said, how contained is this? What happened with SVB? Is this going to go on? Are we at a tipping point? Like help me understand this moment.
0:22.6	It would be very difficult for me to tell you
0:24.4	whether or not we've reached a tipping point.
0:26.5	I think you can only evaluate that in retrospect.
0:30.2	But I would say, you know, everything we've talked about
0:33.0	in my first two appearances on the show,
0:34.7	we're seeing that play out.
0:36.5	Fractional Reserve Banking is a scam.
0:39.6	It always fails. It cannot continue to support the depositors' interest over time. And, you know,
0:50.3	we had Bologian for a Twitter space. I think I got attended by like half a million people.
0:55.3	Jesus.
0:56.3	And he, for those that don't know, he accepted a bet that Bitcoin would reach $1 million
1:02.5	USD price in the next 90 days.
1:05.8	Which we're still in the middle of.
1:07.1	So we'll see.
1:07.8	Yeah, we're 20 days in, maybe 30 days in, something like that at this point. And although that's a very aggressive time table in my estimation, I do think directionally he is correct, right? The same thing we've been talking about previously. The more currency you counterfeit, the more Bitcoin's price appreciates, right? You're pricing Bitcoin in terms of something. You use the word counterfeit. So really, let me give people like a 20-second primer on some of the things you've thrown out here. So fraction reserve banking. I can give a six-word thing. Oh, yes, go ahead. Do it. Inflation is legal counterfeiting. Counterfeiting is criminal inflation. So central banking is a
1:45.3	coordinated currency counterfeiting cartel that runs the world. All right. One of the questions I want
1:50.3	to ask you today is what you think the government dossier on you says, but we'll get to that later.
1:55.0	Okay. So you've got SVB ends up imploding because of fractional reserve banking. They,
2:02.5	um, you're only legally required as a bank to hold. It's less than 10%. So if somebody gives you a
2:09.1	dollar, you're required to hold less than 10 cents. The rest, you can invest, loan out, do whatever
2:13.4	you want. Uh, so should people do a quote unquote run on the bank, you can find yourself
	...

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