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104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4
Not Investment Advice
What the Interest Rate Swap Line Affects in Times of Crisis
The interest rate swap line is essentially the equivalent of FDIC. It's kind of the same they're doing for the US happening because of threat for these countries if they lose value against the US dollar, right? Because they have all you know, there's like all these countries have huge dollar denominated debt. If their currency goes to the shitter, they're like, Oh, it costs us twice as much in the US dollar to pay this then a three months ago.
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