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

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 18 April 2023

⏱️ 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? 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: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. Sign up for a one-dollar-per-month trial period at https://bit.ly/ShopifyImpact and supercharge your business! Get FREE GROUND BEEF FOR LIFE plus $20 off your first box at https://bit.ly/ButcherBoxImpact. Get 55% off at https://bit.ly/BabbelImpact and learn a new language today! 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	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.
0:39.5	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
1:02.5	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
1:13.0	that's a very aggressive timetable in my estimation, I do think directionally he is correct, right?
1:20.6	The same thing we've been talking about previously. The more currency you counterfeit,
1:25.5	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 them the 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,
	...

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