EMERGENCY EPISODE: Why This Financial Crisis Is WORSE Than 2008 | Balaji Srinivasan

Listen to Impact Theory on Amazon Music: Take control of your life! Join us for a FREE workshop: How to build Ironclad Discipline Check out this controversial episode with Balaji Srinivasan, who predicted Covid on Twitter and put $1M of his own money on the line just to get eyes and ears on what may be the worst financial crisis of our time. We delve into uncomfortable topics that are sure to spark a range of opinions and emotions. So, what are we unpacking in this epic interview? - Balaji’s tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet. - The concerning state of the US economy and the need for alternative forms of money to hedge against a potential collapse. - Historical cycles of empires that rise to power and eventually collapse, and being prepared for potentially catastrophic consequences. - Balaji’s idea for the Network State that will blow your mind. In this conversation, Balaji really exposes the increasing political polarization between Democrats and Republicans, both in Congress and on social media networks. China’s ascent as a global power and its implications is a huge concern and where this is potentially heading is why you must take this seriously. Join the conversation and share your thoughts on these fascinating and contentious issues! What are your thoughts on the role of fiat currency and the military power of a nation in shaping its global standing and influence? Check out Balaji’s book, The Network State: How to Start A New Country: Balaji Quotes: “I do believe an enormous amount of money is going to be printed just like Ray Dalio, just like a number of other people do, and in such a case, you want to have outside money, whether that is gold, whether that is a foreign fiat currency that you have faith in.” “The safest asset in the world became the riskiest asset in the world” “This is sort of obvious, but you don’t become number one by accident.” “People will selectively excavate aspects of history and use them as a weapon” “Printing money is in a sense like official counterfeiting.” “The U.S. exports its inflation in part because it is the consumer of all these products around the world, and the dollar is its major export, and what is a small or tolerable rise in prices in the U.S. is intolerable abroad” “You can’t build America by hating China, you need to love America or love other Americans. It’s not one country, it’s two parties.” “96% of Democrats are not married Republicans. So ideology becomes biology in one generation.” “Good, is helping somebody else without concern for yourself. Smart is helping somebody else, but also helping oneself. Evil is harming somebody else while helping oneself, and stupid is harming somebody else while harming oneself.” (65) “Typically the right thinks about things in terms of heroes and individuals and the left thinks of things in terms of institutions and ideologies.” (87) “It’s kind of hard to unify a gigantic swath of land without both left and right tactics, because on the right is economics and the military, but on the left is propaganda and ideology.” “A lot of these people who believe the US can print money or that has an invincible military are literally people who think of the government as God, they don’t think it has limits, They’re secular, they don’t believe in the supernatural. They also don’t believe in encryption and they don’t believe in other states. They are secular nationalists.” “After Trump was deplatformed in early 2021 from Twitter, Trump wasn’t even the most powerful man in his own country.” “Bitcoin and Ethereum are bigger than most national currencies. Social networks are bigger in scale than most countries. Tech founders are wealthier than most politicians and so on, [...] there’s already been a significant transfer of sovereignty.” Follow Balaji Srinivasan: Website: Twitter: