#24 - Cory Levy Interviews Balaji

Bullish:

• $BTC - Bitcoin has quadrupled against the dollar in two years and represents 'digital gold' that can be trusted more than the dollar as the US financial system collapses.

  • “Bitcoin has quadrupled against the dollar in the last two years, which means really what's happened is the dollar has dropped 50% against gold and 75% against digital gold.”

    Balaji·4:43

  • “What is Switzerland? Bitcoin. Right? Crypto. That's genuinely neutral rule of law. Right? Truly neutral. It's not based on the human opinion.”

    Balaji·34:27

  • “Smart contracts you trust more than Delaware. Crypto identity, you can't be denaturalized.”

    Balaji·37:22
• $GLD - Gold has doubled against the dollar in two years as the dollar loses confidence and the US financial system deteriorates.

  • “Gold is appreciated by it's doubled against the dollar in the last two years.”

    Balaji·4:37

  • “There'll be some number where people realize, I'm not getting wealthier. It's the dollar that's getting weaker. There's a loss of confidence.”

    Balaji·5:04
• $STABLES - USD stablecoins are experiencing massive expansion globally and may replace many local fiat currencies before eventually being devalued against Bitcoin.

  • “The massive expansion of USD stablecoins, it may have a weird scenario where... all global fiat currencies lose to USD, maybe the Chinese yuan, maybe a few other kinds of stablecoins like this.”

    Balaji·35:13

  • “Like in Bolivia, for example, prices are quoted in USDT. Right? So the world first dollarizes and then Bitcoinizes or cryptoizes.”

    Balaji·36:03

Bearish:

• $USD - The dollar is experiencing a 'death' with 50-75% depreciation against hard assets, facing global abandonment as countries move to alternatives.

  • “One that's happening right now is the death of the dollar.”

    Balaji·4:34

  • “The dollar has dropped 50% against gold and 75% against digital gold.”

    Balaji·4:47

  • “This financial system is going to zero. You're seeing that with, for example, seizures of companies. You're seeing that with the government taking equity stakes in companies.”

    Balaji·11:04

  • “Only invest in US dollars what you can afford to lose.”

    Balaji·33:27
• $TREASURIES - US Treasuries experiencing simultaneous run as yields spike across G7 while investors flee to Chinese treasuries and gold.

  • “We're seeing simultaneous run from US Treasuries into Chinese Treasuries whose yields are at all time lows, by the way.”

    Balaji·10:18

  • “If you were forced, by the way, you lost your shirt over the last few years. You're complete dead. It's like one of worst times ever for bonds, maybe the worst time ever.”

    Balaji·10:41

  • “They're going out of US treasuries, and they're going into Chinese treasuries. They're going into gold, and they're going into digital gold.”

    Balaji·10:55
• $BANKS - US banks are zombie institutions with zero reserve requirements, negative equity from underwater bonds, and fictional reserves that can't support withdrawals.

  • “Most people don't know that in 2020, the Fed set the reserve ratio to zero. It's no longer even fractional reserve banking. It's fictional reserve banking.”

    Balaji·32:52

  • “Banks Okay? Don't actually have deposits on hand to support you pulling cash out.”

    Balaji·33:00

  • “These banks actually have massively negative equity. They owe far more than they have because they bought these bonds that went underwater. So the entire thing is the zombie financial system.”

    Balaji·33:11
• $DELAWARE - Delaware incorporation is a bad platform choice with many companies having problems, inferior to crypto smart contracts for trust and legal structure.

  • “Building on Delaware. Right? So many people have had problems.”

    Balaji·31:47

  • “Smart contracts you trust more than Delaware.”

    Balaji·37:22