The chapter delves into the historical perspective of the rise and fall of empires and reserve currencies, emphasizing the cyclical nature of events. It discusses the current global scenario marked by factors like technological disruption, money printing, and debt bubbles, drawing parallels with past cycles and highlighting potential implications. The conversation also focuses on the impact of low yields and excessive financial assets, discussing the risks of too many financial claims leading to chaos and the potential shift towards civil unrest and conflicts.

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