Chapter
The Biggest Risk to the World's Trading Blocks
1:07:41 - 1:14:35 (06:54)
The biggest risk to the world's trading blocks is posed when the US dollar is no longer the world's reserve currency and the US government is bankrupt. There will be a move towards major trading blocks in the world, and a spike in real rates would be the biggest risk to all of it.
Clips
The speaker wanted to buy shares in a company for a couple hundred thousand dollars at a $40 million valuation but wasn't able to complete the transaction, potentially costing him a couple hundred million dollars.
1:07:41 - 1:11:13 (03:32)
Summary
The speaker wanted to buy shares in a company for a couple hundred thousand dollars at a $40 million valuation but wasn't able to complete the transaction, potentially costing him a couple hundred million dollars. He also proposed buying the shares using Bitcoin to promote it as a transactional infrastructure.
ChapterThe Biggest Risk to the World's Trading Blocks
EpisodeE23: Radical DAs, breaking down FB/Google vs. Australia, sustained fear post-vaccine & fan questions!
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The world is likely to have four or five major trading blocks with vertically integrated supply chains and resilient economies post-pandemic, including China, Europe, and North America.
1:11:13 - 1:12:35 (01:22)
Summary
The world is likely to have four or five major trading blocks with vertically integrated supply chains and resilient economies post-pandemic, including China, Europe, and North America. This will lead to higher prices due to multiple factories worldwide with their own infrastructures and costs.
ChapterThe Biggest Risk to the World's Trading Blocks
EpisodeE23: Radical DAs, breaking down FB/Google vs. Australia, sustained fear post-vaccine & fan questions!
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As the instability of the US government and the dollar remains, people are becoming skeptical about loaning money to the government which could translate into inflation or even worse.
1:12:35 - 1:14:35 (02:00)
Summary
As the instability of the US government and the dollar remains, people are becoming skeptical about loaning money to the government which could translate into inflation or even worse. Due to this, Bitcoin is becoming increasingly popular as people speculate it could become the world's reserve currency due to its immunity to central bank manipulation.