US Banking Crisis: The Truth Behind The Disaster & How It Will Get Worse... | Robert Breedlove (Replay)
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 10 June 2024
⏱️ 125 minutes
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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].
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Transcript
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| 0:00.0 | So the SVB banking collapse, the balogy sense that all of this is just going to keep going, keep going, keep going. |
| 0:06.7 | And we've reached some sort of threshold moment that requires us to put the bit signal into the sky, as he said. |
| 0:13.5 | How contained is this? |
| 0:15.0 | What happened with SVB? |
| 0:16.5 | Is this going to go on? |
| 0:17.9 | Are we at a tipping point? |
| 0:19.5 | Like, help me understand this moment. |
| 0:22.6 | It would be very difficult for me to tell you whether or not we've reached a tipping point. |
| 0:26.4 | I think you can only evaluate that in retrospect. |
| 0:29.8 | But I would say, you know, everything we've talked about in my first two appearances on the show, we're seeing that play out. |
| 0:36.6 | 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. |
| 0:55.4 | Jesus. |
| 0:56.3 | And he, for those that don't know, he accepted a bet that Bitcoin would reach $1 million |
| 1:02.6 | 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. |
| 1:12.4 | And although that's a very aggressive timetable in my estimation, I do think directionally he is |
| 1:19.7 | correct, right? The same thing we've been talking about previously. The more currency you counterfeit, |
| 1:25.4 | 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 fractional reserve banking. I can give them the six word thing. Oh, yes, go ahead. Do it. Inflation is legal counterfeiting. Counterfeiting is criminal inflation. So central banking is a coordinated currency counterfeiting cartel that runs the world. |
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