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#1176 Balaji Srinivasan On Bitcoin & The Stealth Banking Crisis
The Pomp Podcast
Hyperinflation and the Digital Catastrophe
Historic hyperinflation and the speed at which it happens combined with what I call the digital catastrophe can then almost accelerate it even faster pace. So first is hyperinflation table, right? This look at the speed of this. Second is the digital bank run, right? Social media driven bank run killed credit sweez, 10 billion in a day, 12th deposit,. S&B collapse from asset size of 5 or 5 billion, CO blames Twitter, right? Digital bank runs are not built for that. All Dodd-Frank assumes people come in in person, right? So the system isn't set up for something from this angle, right?
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