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

Tom Bilyeu's Impact Theory

Impact Theory

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4.7 • 5.1K 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? QUOTES: “Inflation is legal counterfeiting, counterfeiting is criminal inflation. So central banking is a coordinated currency counterfeiting cartel that runs the world.” “Only in the fraud of fractional reserve banking is the specter of a bank run even possible whatsoever. I think that's very important to note.” “This entire system of fractional reserve banking is not made to persist. It cannot persist over time because you fundamentally have a mismatch of assets and liabilities.” “The central bank has not only the precedent but also the incentive to continue printing the money until the currency hyperinflation into worthlessness.” 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/ RESTART your life in 7 days: http://bit.ly/42KM8OR Click here to download your FREE guide to 100x YOUR EFFICIENCY IN 10 EASY STEPS: https://bit.ly/3F8qOJL Sponsors: Sign up for a one-dollar-per-month trial period at http://www.shopify.com/impact Visit http://www.houseofmacadmais.com/impact and use code impact for 20% off all purchases, and for a limited time a complimentary bottle of cold-pressed Extra Virgin macadamia oil! Post your job for free at http://www.linkedin.com/Lisa. Terms and conditions apply. Head over to http://www.mindpumpimpact.com to find the 5 most impactful Mind Pump fitness episodes that will transform your body and your life. Get 3lbs of Bone-in Chicken Thighs FOR FREE in every box, for a year, on top of $20 off your first order, when you go to butcherbox.com/impact and use code IMPACT Find Tools and Weapons with Brad Smith wherever you like to listen to podcasts. This episode is sponsored by BetterHelp. Give online therapy a try at http://www.betterhelp.com/impacttheory and make sure to check out our exclusive series for Mental Health Awareness month, only on Spotify. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So the SVB banking collapse, the biology sense that all of this is just going to keep going, keep going, keep going.
0:06.8	And we've reached some sort of threshold moment that requires us to put the bit signal into the sky.
0:12.2	As he said, how contained is this?
0:15.0	What happened with SVB?
0:16.4	Is it going to go on?
0:17.9	Are we at a tipping point?
0:19.4	Like help me understand this moment?
0:22.8	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.
0:30.1	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.
0:36.5	Fraction or Reserve banking as a scam.
0:39.4	It always fails.
0:41.5	It cannot continue to support the depositors interest over time.
0:48.5	And, you know, we had biology on for a Twitter space.
0:52.8	Like, 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 USD price in the next 90 days, which we're still in the middle of.
1:07.0	So we'll see.
1:07.7	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 correct.
1:20.3	Right.
1:20.6	The same thing we've been talking about previously.
	...

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