2min chapter

Tom Bilyeu's Impact Theory cover image

How To Prepare For The GLOBAL RECESSION & Build Wealth In The Process! | Raoul Pal

Tom Bilyeu's Impact Theory

CHAPTER

What Is India Doing That We're Not Doing?

India's banking system didn't really function and they were more restrictive on their lending policies, which is a function of their economy being more emerging than developed. It's because when you're able to borrow because you're the richest student in the street, when's the most money, which is the United States. And humans have a propensity to borrow to create the image of this future self. The future self was the amazing United States of America, that dream that we had in the 50s. That dream died decades ago. To fund that dream, the mismatch between the dream and the reality is debt. Sometimes debt is not all bad, right? Sometimes it can help accelerate some of the things

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