4min chapter

Bankless cover image

NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero

Bankless

CHAPTER

What's Going on in Mogadishu?

A lot of people have wired money back to India. They're getting out of the US banking system. People were literally calling it and they're going to speak to this for a second. If you make a high risk investment that nobody told you to make or whatever, and you want your money, that's a bailout. And so what actually happened is you paid for all the regulation and got none of the protection. It's just like in San Francisco, right? You pay for the police, but the only thing they do is issue parking tickets. Do you see what I'm saying? That is a corrupt regime that has betrayed its citizens. See, most won't be able to process

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