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NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero
Bankless
The Banks All Did Something Like Sam Bankman Freed
The banks all did something very much like Sam Bankman freed. They took your deposits and they bought long dated treasuries and other long dated government bonds in 2021. And then the Fed raised rates in 2022 in this sort of surprise super high hike crushed the portfolios of every single entity that had trusted them. So, I recommend Bitcoin at this point. It is going to be the lifeboat for, you know, for a number of different reasons. All of the crypto tribalism is going to rise to like an ideological level that we've never seen in a year or two years or whatever this crisis is over. But in this crisis, there'll be three kinds of zones. Fiat only
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