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Tom Bilyeu's Impact Theory

A Great Depression Worse Than 2008 - Survive & Thrive During The New Economic Reset | Arthur Hayes PT 1

Oct 3, 2023
Arthur Hayes, co-founder of BitMEX and macro-investor, dives into the potential for an upcoming financial crisis that could eclipse the Great Depression. He discusses the risks of soaring national debt linked to rising inflation and the geopolitical instability stemming from the conflict in Ukraine. Hayes argues energy costs are vital yet overlooked in this equation, while emphasizing how government policies can lead to economic turbulence. His insights on navigating these challenges provide a fascinating blueprint for surviving a financial storm.
01:30:25

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The current system of government intervention in failing sectors is fundamentally flawed and has destroyed free market mechanisms.
  • The declining global population and the rising costs of alternative energy sources make the current debt-driven economic model unsustainable.

Deep dives

The Fragility of the Global Financial System

The guest, Arthur Hayes, predicts a major financial crisis near the end of the decade, possibly worse than the Great Depression. He suggests that the current system of government intervention to rescue failing sectors is fundamentally flawed and has led to the destruction of free market mechanisms in various sectors of the economy. He argues that excessive debt and the inability to repay it due to a declining population will lead to more money printing by governments and central banks, resulting in inflation. This inflation, coupled with rising geopolitical tensions and resource nationalism, will further destabilize the global financial system.

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