2min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

Do You Think Capital Controls Come?

The US printed the dollar so that when you do come for it You'll get them and you'll wire them to a big bank. They'll roll out the CBDC in July That's how much time that is a basically about 30 days I mean 90 days right? And after that they'll probably close it off and make it very difficult for value to escape the system Just like China where it's very difficult forvalue to escape thesystem and you're just locked in Do you see what I'm saying? So you think capital controls come? Oh, yeah, I mean here's the thing the problem is every country has rehearsed lockdown It was not yet acknowledged even be a banking crisis Okay

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