3min chapter

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Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1

Tom Bilyeu's Impact Theory

CHAPTER

The Decentralization of Money

Dollarization is decentralization. Money is a store value, minimum exchange, unit of account. System of control is who has root access over the currency you're using. Those are outside the ability of the US financial system to shut down with one click. The Yuan and the repeat for the domestic economies that's maybe, you know, in the Middle East, AED to buy its currency is still pegged to the dollar. Maybe it gets unpaged. And then of course, there's Ethereum in the global financial system that's built on crypto.

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