Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1 (Fan Fav)

What's up, guys? Get ready for part one of an incredible three part episode where we delve into the controversial, thought provoking, and sometimes almost scandalous viewpoints with the man who burned $1,000,000 to raise awareness about the trillions of dollars being printed, the one and only Balaji Srinivasan. Balaji, who predicted the response to COVID and the civil unrest that followed on Twitter before basically anybody else is joining us now to talk about the precarious state of the economy, possible banking collapse worse in 2008, and the catastrophic consequences you'll need to be prepared for. Get your mental armor ready and brace yourself for part one of this very powerful conversation. First, did you know Impact Theory is now available on Amazon Music? Head over to the Amazon Music app to hear more Impact Theory episodes like this, the hard conversations that really matter. Don't wait, guys. Subscribe to Impact Theory now on Amazon Music and be legendary. I'm Tom Bilyeu, and welcome to Impact Theory. The problems go all the way to the bedrock of the financial system in terms of treasuries being the new toxic waste. It's going to be at least as bad as 2008, but probably worse than that. You spent a million dollars of your own money to raise the alarm to the fact that the government is printing trillions of dollars. And what I wanna know is, how are you so sure that The US economy is in really, bad shape? What does Bitcoin have to do with this? And how on earth could you justify spending a million dollars of your own money to make people aware of this? I do believe, that, we're in the middle of something or the beginning of something that is at least as serious as the two thousand eight crisis. The government is extremely good at kicking the can, and, like, that's his primary skill in some ways. So it's hard to know exactly when things will be formally acknowledged as such. You know, I've got I've got a bunch of slides that show that the economic situation is parless, a. B, that, you know, the the degree of collapse across a number of different industries and number of different weaknesses will probably necessitate some form of bailouts or printing even if it doesn't look exactly like 2008. A lot of what the financial system does is it evolves to evade last time's pattern recognition. And so it won't it may not look exactly like it used to. Despite what form it comes in, whether it's like treasury buybacks or the people's QE, which are different ways of, like, injecting money into the system that don't look exactly like the 2008 bailouts, I do believe an enormous amount of money is going to be printed just like Ray Dalio, just like a number of other people do. And, in such case, you wanna have, quote, outside money, whether that is, gold, whether that is a …