Middle Class Is Wiped Out! - Arthur Hayes’ Warning On Money, Bitcoin, War, China & Economic Collapse

Рет қаралды 501,641

Күн бұрын

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From the gradual process of de-dollarization and the potential revaluation of gold, to strategies for preserving wealth and navigating the volatile seas of the cryptocurrency world, this conversation is a goldmine for anyone interested in safeguarding their financial sovereignty.
Arthur Hayes is the unflinching co-founder of BitMEX and a pivotal figure in the crypto world, known for his controversial yet insightful perspectives.
Through his studies and observations, Arthur Hayes has evolved into a thoughtful commentator on the dynamics of power in a world teetering on the brink of repeating the mistakes of its predecessors.
In today’s episode, Arthur Hayes and I go deep into Bitcoin, war, and the impending economic collapse. We touch on:
- Bitcoin and financial sovereignty
- Risks associated with centralized financial systems
- Government fiscal strategies and investor mindsets
- Decentralization and asset utilization
- Anticipating and accepting the role of volatility
- The significance of understanding market mechanisms and narratives
- The inflation and taxation vulnerabilities of conventional assets
- The role of gold and digital currencies in the future economic landscape
- Strategies for trading and investing in cryptocurrencies
Get ready as we unpack the profound connections between bitcoin and the financial equivalent of the second amendment, and why controlling your own money is more crucial than ever in the face of centralized system risks.
Chapter Markers:
[0:00] Essence of cryptocurrency
[18:51] Doubts about the financial future
[40:04] Crypto brings relief
[1:09:15] Microstrategy, ETF, and institutional buyers
[1:26:04] Fiat liquidity dynamics & money printing
[1:59:56] Bitcoin and ETH volatility
[2:25:36] Where to invest & trade
Powerful Insights From Arthur Hayes:
"For those who just want to close their eyes and buy something that's crypto safe, not saying that there's no risk here, I would say bitcoin and ethereum are where you should start your journey."
"That is why if the government and the elites want to stay in sort of this financial position, the ETF is the best thing that they can do because people believe that they've achieved financial freedom when they actually have just handed over fees to the same people who have been fucking them for the past 80 years anyways."
"So if you looked at the regional bank stock index, or KBW index, which is all US banks, they're getting crushed going into late October of last year. And so what happened? The US treasury and Janet Yellen, she said, okay, I'm going to save this market. I'm going to issue a bunch of short term debt and take money out of the reverse repo program at the Fed, which is just this $2 trillion facility of cash just sitting there that's outside of the financial system. And she offered a higher rate on short term treasury bills to entice this money out, which reflates the system, gives more credit money into the system."
"People shouldn't be dying the way they're dying based on the shitty food that we eat and the over prescribed medicines. And that's why people need, oh, I need to have this health care because everybody gets sick. Why does everyone get sick? Because we eat fucking processed food and all this dog shit that's put out to us as healthy is a reason why everybody spends the majority of their money in the last two years of their life dying of horrible cancers and heart disease and all this kind of shit, right? We're poisoning ourselves every single day with these fucked up food chains."
Follow Arthur Hayes:
Substack: cryptohayes.substack.com/
X: / cryptohayes
Instagram: / arthur__hayes
Follow Me, Tom Bilyeu:
Website: impacttheoryuniversity.com/
X: / tombilyeu
Instagram: / tombilyeu
If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: dexa.ai/tombilyeu
Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships

Пікірлер: 1 500

@TomBilyeu 2 ай бұрын

WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!

@paaaatrika 2 ай бұрын

www.justice.gov/usao-sdny/pr/founders-cryptocurrency-exchange-plead-guilty-bank-secrecy-act-violations

@henrythegreatamerican8136 2 ай бұрын

Had to shut off this video and downvote it about 24+ minutes in when you blamed the collapse of Argentina on Keynesian Economics. You completely ignore the role of rich people in the USA and other countries causing economic and military "mischief" in countries like Argentina because the original socialist government of Argentina would not bow down to their demands. South and Central America have an entire history of the USA and other countries interfering on the behalf of billionaires who want to own the entire infrastructure of said countries. Venezuela is another perfect recent example. They wanted to socialize some of their oil production to provide for their people and the oil industry went ballistic. Same with all the land. This video is totally disingenuous and comes across as propaganda. And you will probably have this post censored.

@LQ-gaming 2 ай бұрын

when are you getting Richard Heart on? BPD had him !

@user-ej5dv6kt1f 2 ай бұрын

There is a simple answer to all the questions about bitcoin, Central bank have the power to print all the dollars and buy into bitcoin if they want to take control, them it will not be decentralized, and it is traceable. In reality has no function other than speculation and hope the price going up.

@1Sun111 Ай бұрын

it is really boring to hear you hyping bitcoin, a type of crypto without any further function

@eddiemorales615 2 ай бұрын

I took ALLL my money out my bank… I have gold, silver, A goood amount of bitcoin, etheruem, XRP and some meme coins and CASH …. I put $1000 in my bank every month just to pay for my certain transactions that come out my account every month. Now I’m just waiting to see this game play out these next two years … because I do believe the future of crypto will play out for our ecosystem these next two years.

@recongraves 2 ай бұрын

Same. ......😢xrp tho y.

@SonnyVakil Ай бұрын

Dude check out icp just do research on it trust me

@MikeStJacques 8 күн бұрын

Bitcoin is *King!*

@jermainecampbell4701 2 күн бұрын

Where did u purchase your gold from

@recongraves Күн бұрын

@@jermainecampbell4701 lcs is best bet. Are you in the States?

@FredMeyer-no3ji 11 сағат бұрын

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

@DesTiny-jh4cn 11 сағат бұрын

I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many KZfaq videos about it but still find it difficult to understand.

@HarrisMorgan-iv1vh 10 сағат бұрын

It makes sense that BTC and crypto are of helping to regulate, rather than pretend it won't ever happen. The big institutions getting In is the catalyst that will laugh us made they grow used to it becomes a nonissue usually because of their fears never materialize. And benefits they were unaware of before turn out to be more beneficial

@SavAge-rn4rb 10 сағат бұрын

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

@MarkLawrence-pr3sj 10 сағат бұрын

My advice, never do shorts or longs on stocks or #crypto most people went bankrupt better buying in parts monthly

@DavidWhite-dc3zw 7 сағат бұрын

I will leave her info below this comment

@Humansunited Ай бұрын

Arthur is by far the most interesting guest of all time. I click on his face every time it pops up without fail because I know it’s going to be good. Knowledgeable and based af.

@HydskiTris 18 күн бұрын

Let me gues... you re black.. dont ask me how did I know

@morrisj23 14 күн бұрын

@@HydskiTrislet me guess you’re white

@dreamingflying2 8 күн бұрын

Black white purple who cares, it makes no difference, he's cool. Soon he will be talking about Kaspa. KAS is KING. If you don't know look it up. Its the future of peer-to-peer money.

@morrisj23 8 күн бұрын

@@HydskiTris let me guess you’re white and you’re adept at accusing everyone of bias except yourself

@scrubfive9239 2 ай бұрын

"Don't keep cash in the bank!". Don't worry, I keep very little cash in the bank, It all goes to bills. 💀

@_FJB_ 2 ай бұрын

Taxes, aka wasteful spending on fuking stoopid shyt!

@Man-u-flex 2 ай бұрын

Yea I cheat the system the same way

@steverobinson8771 2 ай бұрын

Fuck bills, just buy Bitcoin

@Michael-qy1jz 2 ай бұрын

Uy Ring up your credit cards, make a few payments and stop paying. Lol. Remember, your NOT spending someone's saved money, you are spending brand new credit into the system that was Created out or Thin Air by Law !!

@YVMedia 2 ай бұрын

😂😂😂

@GatoradeAppreciator 2 ай бұрын

This guy described EXACTLY why inflation is so bad. It is degrading to your time, energy and effort. He gets it.

@kennethwaynescott8469 Ай бұрын

Dudes an og. Of course he gets it.

@geoms6263 Ай бұрын

only if you are paid by the hour and not for your contribution or talent

@kennethwaynescott8469 Ай бұрын

@geoms6263 if you're paid in fiat, it's irrelevant

@flinch622 Ай бұрын

Not quite. A discussion of "risk appetite" and getting spending "under control" means there actually IS disposable income to be found. So there's a touch of crackhead logic as presented. Here's what wipeout looks like: pay basic bills, cut insurance to the bone [as in drop life coverage and health in order to afford car insurance], fill your gas tank and whatever is leftover is your menu choice at home - zero eating out, and good steaks are a thing of the past. Beer is a memory. We're not talking Suze Orman silliness here [like giving up lattes or whatever], but any little hiccup forcing a choice between paying water or electric bill and if the car breaks down you ought not pay to tow it [if you want to fix it this quarter] - parts alone will mean food off the table, so its a friend with a tow strap [you hope] or start walking.

@geoms6263 10 күн бұрын

@@kennethwaynescott8469 i convert fiat for btc

@Yu10l10 2 ай бұрын

Most underrated guy in finance today. Always has the best and most articulate papers.

@bensavage6389 2 ай бұрын

Dei him

@jb9433 Ай бұрын

Nonsense. There is no real content to what he says.

@Ellenp-X 24 күн бұрын

Arthur Hayes is one of the smartest people in finance I click on him every time. Super genius, pay attention.

@imnguyen6658 16 күн бұрын

@@Ellenp-Xbut yet he chooses a crypto that is very centralized and with a transparent ledger. 🙄

@Ellenp-X 16 күн бұрын

@@imnguyen6658 he invests in many cryptos… from Bitcoin to GMX etc

@natesandoval6917 2 ай бұрын

I love listening to Arthur Hayes. He's so intelligent and so knowledgeable.

@user-lb8bg6kj9m 2 ай бұрын

The br0tha is smooth.

@Cookie-fh3il 2 ай бұрын

💯💯

@adminema6116 2 ай бұрын

and let's put it up for tom also. impact theory is a fucking incredible channel/podcast! ❤

@Four_Eyes 2 ай бұрын

More impressed everytime I listen to him.

@qloudz 2 ай бұрын

Name one time where Arthur predicted something that came to fruition? I'll wait.

@driz77 2 ай бұрын

SInce 1980, the U.S. middle-class has had HALF of their real wealth redistributed into the top 10%, and mostly the top 1%, and mostly again the top 0.1%.

@scrubfive9239 2 ай бұрын

Biggest redistribution of wealth in history happened during Covid. And it was wealth going from the middle class to the big corporations like Blackrock.... 💀

@xmanc5687 2 ай бұрын

Covid redistributed a lot of money to the wealthy with the lockdowns and forced vax

@henrythegreatamerican8136 2 ай бұрын

Yet nobody in the video mentioned the massive detrimental effects of Regan's revolution on the country. Bet this post gets censored. Anytime you mention Regan negatively censors kick in. But you can easily google all the stuff he did that led to the crisis we are in now.

@beeftestosterone4840 2 ай бұрын

More than half lol

@dbanks128 2 ай бұрын

The system is designed to depopulate and enslave the masses

@user-xl7kw1im5s Ай бұрын

NEVER keep your money in the BANK. As an X Banker and Finance and Thrift manager I know the wicked history of Banking. My parents in 1939 at the start of the GREAT Depression when 9,000 Banks shut their doors and did not reopen until 10 years later robbed my Father and Mother of their savings then the Internal Revenue Goons came in and brook off the locks of every customer's safe deposit box and took my parent's Gold, Silver and Moms Jewels then their Bonds. We moved into a shack on the beach, and I was raised on Goat milk. My father was a doctor and had to join the navy so he could send money home to mom to feed me, my brother and two sisters.

@williamschnl Күн бұрын

not much different from what the Nazi did to the Jews then

@yamani3882 2 ай бұрын

What a speaker, never heard of him, but one of the best I have seen in a while.

@tc8557 Ай бұрын

CEO of Bitmex

@bobmalooga335 Ай бұрын

@@tc8557 he don't look like no Mexican to me

@indigobluu Ай бұрын

This guy is Legend

@cjonesplay1 Ай бұрын

Look him up. OG Legend

@countcryptonite Ай бұрын

Founder of bitmex. The first big derivative exchange in crypto. Everyone who has been in crypto for a while knows him. Bitmex has the best legendary crypto chat there is

@Scarletpimpanel73 2 ай бұрын

The point about the loss of institutional memory as to how bad war is - is incredibly salient. We have lost the generation that said "lest we forget" and have, as a result, forgotten.

@brandonjustes947 2 ай бұрын

Going through this and reporting all spammers as my good deed for today. 1/3 of the way through the video, Arthur is the real deal, as always great work Tom!

@Mindfeels 2 ай бұрын

Thank you! Go Brandon!

@laskisinnovations3568 2 ай бұрын

Wish YT rewarded you for this…this would definitely help clean up this spam garbage and gamify it

@S13G3 2 ай бұрын

I am on the same mission! Hahah it annoys me to an unprecedented degree so I spend my time reporting the bullshit 😂

@iVETAnsolini Ай бұрын

Bro how do we make this a reality? Big d move for sure lol

@andgray Ай бұрын

Yeh I try to cut a few out as I am listening. Glad to help out

@FannyBunny 2 ай бұрын

Hitler didn't attack Russia in winter. Takaway should've been: do not try to attack Russia whatever the season is - you are going to loose

@Len_J_ Ай бұрын

lose

@realsatoshihashimoto 2 ай бұрын

Very good point that we've lost the knowledge and experience of those who went through WW2. I remember how my grandparents used to talk about the importance of privacy and how we must make sure we never live in a 'papers please' society for example. It's for this reason that there was a huge debate here in NZ about even putting photos on drivers licenses, back in the day. Can you imagine that? These days it seems you need to supply multiple forms of photo ID for every single little thing or you can't even transact. And we let it happen because few seemed to care, because we'd lost that knowledge, we didn't understand the dangers. We've already lost our essential freedoms, but like Wylie E. Coyote after he's run off the cliff, most are totally oblivious to this fact right now, and will be, until suddenly gravity reasserts itself in the form of being demonetized and thereby depersoned. As happened to the truckers and their supporters in Canada not so long ago for example. Think it couldn't happen to you? Good luck with that! This is why we need Bitcoin & crypto. Not as a 'get rich quick' scheme, but to take back our essential freedom as individuals.

@vanvittles8651 Ай бұрын

Never can get enough of Arthur!

@kevindibella6312 2 ай бұрын

It’s NOT JUST rich people and banks who own US treasuries… it’s in every pension and 401k in the country, too

@Whale15 2 ай бұрын

If any of them tried to dump their T bills, you can guarantee a new bill in congress will swiftly pass to prevent it.

@skillz4life360 Ай бұрын

And most other countries in the world

@ocvegasproperty Ай бұрын

They would already be in default an it would be too late. Don’t worry, we’ll get there. At Bidens rate of spending, it won’t be too long.

@innajohnson5166 Ай бұрын

Way easier to blame someone than be responsible for something on your own

@aka-ninja Ай бұрын

"We are gamblers. Everyone. All the time. Constantly." 100%!!! Finally someone admits this!

@CryptoBoblicious Ай бұрын

True

@violinsheetmusicblog Ай бұрын

It’s an oversimplification. Taking on risk is not the same as gambling. Gambling is driven by immediate gratification, the complete opposite of informed decisions based on analysis and long term planning

@aka-ninja Ай бұрын

@@violinsheetmusicblog- ⁠⁠⁠⁠⁠⁠⁠I hear what you’re saying, and agree that that’s a way to define “taking on risks,” however, I disagree with your oversimplification of gambling, or perhaps we’re playing with semantics now. “If you're not sure what you're doing, it's a gamble. If you know what you're doing, then it isn't a gamble, it's a calculated risk.” - Dave Trott (Campaign) Who can say whether or not someone knows what they’re doing in any given situation? Are they following someone else’s orders, or making sound decisions based on intuition? I’d say more often than not people gamble in their day-to-day lifestyle choices from how they eat, get to work, make purchases, etc., but that’s just what I think. 🤟😊

@s1dubbzz751 10 күн бұрын

I agree. We can only speak for ourselves as far as gambling is concerned. I would assume most people, including myself, don't know what's really going on so I'm making some bets and hoping it will work out. I admit I'm just placing bets at this point.@@aka-ninja

@abp3509 Ай бұрын

Best discussion on USD/CRYPTO that I’ve ever heard

@TOMinPDX Ай бұрын

When listening to Arthur. Tom on the other hand is painful.

@jb9433 Ай бұрын

Poor you.

@magnison2004 3 күн бұрын

Tom is one of the BEST interviewers… he asks great questions and knows how to extract knowledge from his guests. And I appreciate his honesty in saying when he doesn’t understand something. However, I do have to say that I’ve always thought gold revaluation was part of the plan and was surprised that he couldn’t wrap his head around it. Go Tom… Go Author!

@bobbya1788 2 ай бұрын

Arthur Hayes writes the best essays. Always eye opening. Thanks for the interview

@vanbraxton8422 2 ай бұрын

Don't get me wrong, both the other guests do a good job , but when they explain Bitcoin & the definition of money, they explain it by going all the way to the moon & back when it can be explained soooooo simple like this Man explains things❤😂

@jasonpbrogan 2 ай бұрын

No institutional memory of how war is??? Bud - Korea, Vietnam, Iran/Contra/Columbia, Gulf Wars, Bosnia, Afghanistan - there are plenty of people in the US who have institutional knowledge of war.

@cabot100 2 ай бұрын

You misinterpret the concept of institutional war he is referencing. This topic has been talked about from various perspectives. If you are interested in an informative read, you might like the book: NATO's Lessons in Crisis: Institutional Memory in International Organizations' Author: Seth Johnston

@jackiekevinsunny 2 ай бұрын

I agree that iykyk but if he's referring to the US as an institution, many in USA do not remember or ever felt actual effects of war, nevermind actual measures of austerity. From my understanding of institutional knowledge loss I think that's what he means. Really only NYC in 2001 experienced real effects everything else was overseas and out of collective minds unless directly/tangentially involved.

@shamirgrant 2 ай бұрын

He’s actually referring more to the people as a whole. The Vietnam conflict as well as Afghanistan are not the same as WW1 or 2 in the effects they had on society at home. This isn’t just an American issue. The world has seen longer sustained peace than it ever has and the population is woefully unprepared for what is to come.

@cabot100 2 ай бұрын

@@jackiekevinsunny Institutional memory is often defined as "the stored knowledge within the organization. Within any organization, tools and techniques will need to be adapted to meet that organization's needs. These adaptations are developed over time and taught to new group members, keeping them from encountering the same problems and having to develop a solution that already exists. In this way, organizations save time and resources that might otherwise be wasted. For a long time, almost all Western Countries have not prioritized the Institution of the Military as these countries once did. Should there be a major world conflict to ramp up the Institution for Defense should the need arise.

@chuckBorden-ip6wb 2 ай бұрын

The US and European citizen perceive war as something on TV now far from their lives. The societal threat of everyone you know dying is almost gone. The cold war was the last time anyone in the US felt the effects of war.

@dbanks128 2 ай бұрын

The final test of bitcoin is when lots of people start to actually use it as money, not just a trading vehicle. If millions of people start to reject government currencies, that's when governments will really respond. Governments have soldiers and the ability to shut off the power grid, let alone the internet

@al-moony 2 ай бұрын

Bitcoin is an asset, digital property. It doesn't need to be a currency ever

@Whale15 2 ай бұрын

@@al-moonyThe L1 can’t be at large scale. It will have to take place at L2s or another protocol can handle the medium of exchange issue. Digital property is perfect. It’s buying an apartment in Manhattan.

@CampDavidTraining 20 күн бұрын

Yeah, right… Maybe you’re forgetting that the government runs on the power grid as well? Don’t be stupid. You obviously don’t understand how Bit Coin works. The shit is out of the goose and it can’t be put back in- world governments acting in concert may have been able to stomp it down in 2010 or 2011 if they all worked together, but there is literally no possible way that it can happen now, even if all the worlds governments united together to try to kill it… There doesn’t exist enough money on the planet to end bitcoin

@dbanks128 14 сағат бұрын

@@al-moony if it's not currency, what does it actually do? It has to have a user case

@al-moony 14 сағат бұрын

@@dbanks128 it's a commodity like gold, oil, etc. You can build a layer 2 to use it as a currency, in fact that later 2 is already in development and in use for gold and Bitcoin (ie. Lightning network)

@Victoriaward Ай бұрын

I’m originally working class, and now in a middle class life situation. It’s sometimes hard not to feel like the middle class deserve to have their wealth taken away. It does often seem they’re the drivers of the kind of policies that result in both the ‘affront to human dignity’ and the erosion of their own wealth. Coming from a working class background, I wonder how much I’ve been shaped by understanding some of life’s harsher realities. The ideological drive to create “fairness” that is counter to nature and first principles is problematic. But the process by which this fairness is achieved, is often where the real damage takes place.

@UpUpDnDnLtRtLtRtBAStart 10 сағат бұрын

His story about going back and forth between countries to arbitrage bitcoin will forever be a great one.

@linw8483 2 ай бұрын

Arthur is one intelligent & well studied man. He is dumbing down his explanation so an eighth grader can follow the concept. He can't imagine that people do not comprehend the difference between a World War's devastation and a regional war.😮😂❤

@MikeVeracity 2 ай бұрын

The entire Canadian parliament forgot who defeated the NAZIS -- and they support the Nazis now, and even cheer one of the NAZIS who killed and tortured the WEST and Russia in WW2. Yes, we have forgotten and need to learn the lesson again.

@Leng247 Ай бұрын

The swatiska originates from African Ghanaian tribe incase you didn't know...all a game

@jameswalker231 Күн бұрын

the lesson will be learned... unfortunately most of us will not be around to learn it..

@eddiebeer4516 2 ай бұрын

Mr Hayes gets it on a level that only very few others are capable of getting it.

@ALDEL88 2 ай бұрын

In Argentina, Milei is honoring 100% of debt commitments even though he received crazy levels of debt and maturity profile. Balanced budget, stopped printing increased debt value from 20cts to 55cts to the dollar. Activity went down by 5%. That is the pain to gain back the value of trust on local currency. All in 100 days.

@user-lb8bg6kj9m 2 ай бұрын

The guy put Goldman sacks as a consultant. Tell me he isn't a CIA plant.

@ALDEL88 2 ай бұрын

@@user-lb8bg6kj9m Goldman advices tens of governments in the word on their debt issues and restructuring. And that obviously has nothing to do with being or not CIA plant.

@bdavis7928 Ай бұрын

Measure him by his output

@cryptovc Ай бұрын

Just have to root out bureaucracies that serve only themselves. Oh and get rid of the 1000 military bases we have in every country on the planet.

@yvonnemarie2092 Ай бұрын

1:05:48 people going hungry and GDP plummeted

@renemartin5729 2 ай бұрын

Most people do not have any money to put in any bank

@martinlutherkingjr.5582 2 ай бұрын

Most people couldn’t even get a bank account if they had money

@Sh0n0 2 ай бұрын

@@martinlutherkingjr.5582most people cant even bank themselves if they were money

@user-df3il2jk6g 2 ай бұрын

literally hand to mouth existence..........

@ewalka9177 2 ай бұрын

Most people don’t have a stock market portfolio beyond the s&p500 either

@Jay34341 2 ай бұрын

Thank Joey B

@tropicalbreeze-hh3sh 2 ай бұрын

Mr. Hayes is absolutely AMAZING AND WELL VERSED. I love the blunt straight fire of information he shares with us all. Aloha!

@kristinrutherford8779 12 сағат бұрын

I can listen to Arthur all day long hes so good

@Britt0nYT 2 ай бұрын

This episode was much more digestible than your last with Arthur. Thank you for your work! 👍

@mobenmo7471 Ай бұрын

Great conversation! Arthur explains things so well. I will look for more of his stuff. Thanks for bringing him on the show.

@Uchihawallstreet 2 ай бұрын

Good interview and very informative.

@FromSetbacks2Success Ай бұрын

Legendary interview Arthur and Tom!!! I have consumed tons of Tom's interviews during the pandemic and post. Tom, I think this ranks as one of your top 10 of all time, which is not easy to rank as you're had lots of great interviews! Again, thanks again bro!!! 🏆💪🏽💯

@pierremifsud1679 2 ай бұрын

I always liked Arthur. 5 star

@PinkPurkle Ай бұрын

Love Arthur Hayes!!! Thanks for this very enlightening conversation!!

@marcgib2 2 ай бұрын

brillant conversation, thank you

@johnthompson3530 13 күн бұрын

This was an EXCELLENT interview. So many points. I'm going to have to rewatch this again, to get my head around everything. Well done.

@amadodiego88 Ай бұрын

I lived in Argentina for 18 years or so after living in Germany, Barbados and Guatemala. I lived half my life in stable-ish countries and then I moved down south and holy shit... The incentives created by bad money and the destruction of morals, society and culture are on another scale. You can destroy a country by inflation in 2 decades or less if you wanted to. It's the worst form of warfare that the state perpetrates against the citizens. The state is a criminal organization that should never have control of the money supply. Bitcoin is my only hope for these dark times.

@TheLuciShow Ай бұрын

I don't; think the US would say gold is worth 10k an ounce or increase that much because CHINA HAS a lot more gold than USA

@EmmettDeclan. Ай бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.

@Austin1719 Ай бұрын

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@ChristophAdelbert Ай бұрын

You trade with Kimberly Smith too? Wow that woman has been a blessing to me and my family.

@EmmettDeclan. Ай бұрын

that's her telegramme with the user name.

@EmmettDeclan. Ай бұрын

Ksmith6 💯

@mustafaburak1123 Ай бұрын

when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Kimberly Smith of finance education a try and you be happy you did

@michelletinalouie Ай бұрын

I'm totally obsessed with Arthur Hayes! 🔥🔥🔥 More interviews with him please and thank you!

@Wilde_Childe 19 күн бұрын

Thank you for this interview! I've been working on improving my financial literacy the past few weeks. I'm only 20 minutes in and it's finally making sense in a way that all the other resources haven't yet!

@mcgems754 2 ай бұрын

Like Arthur's smile after he says something, waiting for your reaction ;-)

@olafvidar9315 2 ай бұрын

I like this guys take on things....

@MrAnderson234 Ай бұрын

The last 45 minutes of this episode was literally a masterclass

@bhaktimejadiya7660 9 күн бұрын

Impressed by Revux's commitment to user control and privacy! The decentralized KYC and personal data vault set a new standard for security.

@safehavenassets 2 ай бұрын

I listened in to hear Arthur. When Tom starts speaking I just fast forward thru it. 😅 Works for me!?🎉

@cizzlen07 Ай бұрын

Haha why didn’t I think of that already. Thank you friend

@jasonjonathan428 Ай бұрын

I'm favoured, $50K every week! I can now give back to the locals in my communitv and also support God's work and the church.God bless America

@anglebarboza5829 Ай бұрын

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Deborah Davis.

@warrengebhardt1145 Ай бұрын

YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

@billboyer9524 Ай бұрын

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

@aronmclendon6635 Ай бұрын

I was big on gold and silver but a few months ago I discovered Bitcoin and Ethereum. Listening to lots of stuff from Deborah Davis has been really helpful in my journey..

@jasonjonathan428 Ай бұрын

She's always act~ive on Whats-App....🎉

@josephjames259 Ай бұрын

This video is a treat. I’ve never seen this guest before but he is great at communicating and providing explanations.

@shawnbruce6934 Ай бұрын

This Was a Great Guest. He seems to really understand things on a deep level. Thanks!

@Dalshin 2 ай бұрын

one bit coin a day will keep your IRS inspector away

@johndinsdale1707 2 ай бұрын

Hang on what is Bitcoin (Cypto Money?) Its definitely not a means of exchange , so an asset (backed by what? Artificial Rarity?) As far as I can see it is a way of rich people to transfer assets out of danger (China?) There is also the challenge of storage with the problems of no legal support?

@armandm75 2 ай бұрын

Lol.. What is the dollar and fiat backed by??? Backed by the word of your govt, that's been lying and robbing you for the last 75 yrs or so...cmon dude...

@biscottigelato8574 2 ай бұрын

Fiat is backed by Gold. Gold is backed by nothing. Bitcoin is Digital Gold. Value of Gold and Bitcoin are both subjective with no backing. You can see Bitcoin worthing nothing and Gold worth everything. Someone else can value it exactly the opposite. And that, makes a market. Not to mention, being able to safeguard and transfer saved value from a lifetime worth of labor, both from confiscation and inflation, is also incredible utility.

@vickimelendez5956 2 ай бұрын

Do you ever get to see the actual coin? No.

@villhelm 2 ай бұрын

If that’s what you think it is you haven’t researched it enough. By far. You need another 100 hours of reading at an absolute minimum.

@JeDxDeVu 2 ай бұрын

Rare that some understands that value is subjective. You can have a newly minted gold coin worth spot price or an ancient gold coin of equal weight. In terms of gold they’re both worth the same but a collector might favour the ancient coins scarcity and pay more while someone else may not and just melt it down like the rest of his gold. Value is always determined at the margin. Things don’t have to be backed by anything.

@jamietheframe 2 ай бұрын

Truely amazing content. Thank you. I am certainly better informed after watching this.

@crisisbliss2462 Ай бұрын

This is a great episode. He clarified.at least 5 different things I didn't understand in the past.

@josephdelgiorgio3997 2 ай бұрын

Thank you for getting these detailed Arthur episodes

@Danny-um1se 24 күн бұрын

I love crypto. Here's my issue that I've yet to hear an answer. The fed/govt is never going to lose control over financial systems. So, while they can't shut it down, they have control of the on and off ramps. As well as taxing it in anyway they choose

@thetruth486 2 ай бұрын

this podcast is a gem. thank you so much tom

@stefanchung23 2 ай бұрын

There are not any free markets...

@mayor399999999999999 2 ай бұрын

If the money printing stops, all assets (housing, stocks, gold, etc) get hit, including Bitcoin.

@pedromonkeypedro 2 ай бұрын

If money printing stops, doesn’t money itself become an asset?

@mayor399999999999999 2 ай бұрын

@pedromonkeypedro Yep. We'd enter into a huge deflation cycle. It'll never happen. The wealth own all the assets, and they'd have to watch the value of their assets collapse.

@Whale15 2 ай бұрын

That was one of the points Arthur made. If we halt QE, we need to re evaluate the price of crypto.

@iVETAnsolini Ай бұрын

Whale 15 only in the terms of fiat valuation

@Whale15 Ай бұрын

Agreed. It will still increase in value via network adoption but won't rise as quickly because its fiat denominator isn't debasing as rapidly. @@iVETAnsolini

@dr.sarahazel5634 2 ай бұрын

The way he describes fundamentals is refreshing...and useful.

@goofydude1470 19 күн бұрын

Great interview. I've listened twice and still haven't digested even half of it. going to listen again! TY!!

@marygem 2 ай бұрын

Ah, that's not debt! Evergrande by itself had a $78B debt just last year! 😮

@yamani3882 2 ай бұрын

I literally lose it when Toms speaks, just let your guest speak please.

@GP2141BC 2 ай бұрын

That…and I can’t stop looking at his ears!

@facesofj4705 2 ай бұрын

What do you lose ? This is an interview, a conversation, not a lecture . . At least you're not shallow enough to get caught up in the size of his ears not being on par with your liking . . I happen to think he sets the table well . . And even backtracks here and there for a greater understanding . .

@cizzlen07 Ай бұрын

100% I can’t freaking stand this guy. Just shut up and let the guests talk FFS!

@JamilaCrockett 13 сағат бұрын

So grateful for your content…I was wondering who this guy was then ended up doing a quick look into his credentials 🤦🏽‍♀️🤭🙏🏽🙌🏽WOOOW!!! Amazing:) I have so many emotions related to what happened to him I swear digital is global and these governments need to evolve and support innovation instead of trying to keep us all poor IJS! clearly he’s been a talented and well respected financial forethinker beyond his years

@tradinforalivin3568 26 күн бұрын

Great conversation Tom…lots of pearls and food for thought. Both yourself and Arthur put on a good dialogue. Thank you.

@sstewart8503 2 ай бұрын

I have friends who say they want to trade in crypto. If I send them a 2 hour video like this, that has massive amounts of free and great information on how the market works, I will get one of two responses 1) it’s too long never gonna watch it. 2) tell my the highlights. The number of times I have dealt with both answers means - I am going to enjoy this video and if someone doesn’t have stuff like this in the feed after this much time knowing me - here is a cat meme I found while I was listening to one of my KZfaqrs videos.

@renemartin5729 2 ай бұрын

Is that guy an interior decorator? I love what he has done with that room.

@arturcuryllo5832 2 ай бұрын

😂

@johnsmith-hs1we 2 ай бұрын

💀

@sketchandjam 2 ай бұрын

I have my doubts he is even sitting on a chair in there...

@JarvisWritesMusic 2 ай бұрын

Minimalist. I can dig it 👌🏾

@ADRIFTHIPHOP 2 ай бұрын

It's a panic room

@CampDavidTraining 20 күн бұрын

So Tom… Thanks for inviting me to the show and I’ll just wait here while you go shower and get ready to do the podcast.

@emmahardesty4330 Ай бұрын

Whoa, powerful. You've left me feeling I'm at the center of a bungee cord, stretched equally at both ends. Will listen to this again.

@Gid-J 2 ай бұрын

Entropy isn't always increasing. Life exists. Consciousness solves entropy, That is the whole purpose of life.

@JeDxDeVu 2 ай бұрын

Google is entropy always increasing.

@cabot100 2 ай бұрын

You seem to have a poor understanding of the concept.

@dominicandoh1455 2 ай бұрын

Look up 2nd & 3rd laws of thermodynamics.. you’d know that entropy by nature always increases unless there’s a deliberate, consistent injection of energy to counter it .

@ontexastime6690 2 ай бұрын

@@JeDxDeVu😂

@realsatoshihashimoto 2 ай бұрын

Entropy increases unless energy is expended. Life needs energy to overcome the law of entropy. Therefore entropy can be overcome locally by the application of energy, even though entropy is always increasing in the universe. But it takes a tremendous amount of effort. Applying this to fiat currency, Governments have to expend a lot of energy to reduce the natural volatility. But despite all this energy expended, the fact is fiat currencies have still invariably lost 99% of their value over long enough time periods.

@JoshPitts530 2 ай бұрын

People forget or never learned that Blackrock and the crypto brokers bought up all the supply around 10-12K. The house always wins. Even if people from every country bought in, the liquidity pool is only relative to the value of a local currency, inflation and the commodity being purchased.

@joefunk76 2 ай бұрын

On one hand, it’s hard to imagine BlackRock not rug pulling bitcoin before the next major ascent. On the other, though, they have to watch out for Michael Saylor. He is always waiting, like a piranha, ready to scoop up more bitcoin once it drops by more than a certain percentage. He’s got the cash, credit, patience, and platform of attention to turn their lights out on bitcoin. And I hope he does. 😂

@jooter8214 2 ай бұрын

True Blackrock and brokers bought in the teens number for BTC. But they didn't buy all the supplies, it's still in the hands of the retailer. All they are doing is making money off the last 5% of Bitcoin's supply. You possibly could never rug BTC to zero again. 😂

@knowledgeis5855 2 ай бұрын

Such a class interview. Gold / Dollar revalue 😮. Please get him back on Tom. Your questions and in conversation summorisation is great. Speak more about the dollar end game.

@hilawes 5 күн бұрын

Individual states need to nullify federal laws like they have with marijuana, sanctuaries and guns (runs across political lines & point of views). Print their own money, accept crypto and they can have their own banks. Just need someone to take the initiative.

@ConsciousFX 2 ай бұрын

Multiple realities all co-existing at once. The reality you paint, you and you alone will perceive. As well as those on your same wave length and frequency. Wake up already.

@eli-pd5lb 2 ай бұрын

bro thank you for your amazing comment. all i listen and think about all day is the quantum world we live in and create with our observation. double slit experiment.

@ConsciousFX 2 ай бұрын

@@eli-pd5lb Thank you for expressing that. It is extremely difficult for us to embrace such a reality. People can think about it on an academic level but to really sit with this at times can be terrifying but all so beautiful at the same time. I’m still in practice to remember and embrace such information on a realistic but peaceful level. As peaceful as I can. Once you understand what this truly means there is a big responsibility to carry and deliver such information but the sooner we all stop lying to ourselves the sooner we can all go through the withdrawal of ego attachments and allow love to guide our actions.

@chi.chosen 2 ай бұрын

Do you have any recommendations (ie books, youtube vids, other resources) that talk about this?

@ConsciousFX 2 ай бұрын

@@chi.chosen I don’t want to sound inappropriate or falsely reference anything. I will have to be honest and share that if you can simply open up and look at everything that is happening in the world, including those who are literally thriving when they’ve come from far less than favorable circumstances and whose experiences are completely opposite of what is being discussed here, some may say that is a “minority”. The funny thing is, we have all these clever justifications as to why not every single person shares these exact experiences. Including people who put their entire faith on “the numbers” which will forever constantly change. Has anyone ever wondered why that is? These are questions whose answers can only become revealed through what we call time. Which I might add is also another human construct and tool we use to measure the experiences that only exist in our memories. The only thing there ever was, is and will be, is called the now. I have dived very deep into mind utilizing all mediums, including psychedelics and although, yes people have written many books on these topics, it mainly comes to you as a feeling through experiences. Almost like learning a completely alien language but through these observations, we can realize that there are multiple realities all co-existing and helping to create this grand reality that we all share. So whenever I see videos online where people are concluding things as final and collapsing in on a specific narrative, although however clever and amazing this particular podcast may be as I do enjoy listening and hearing their experience as a small part of this grand reality, I also realize its danger to make such assumptions and lock people into certain kinds of expectations. There are many teachers and foundations including sciences that can help you to see deeper into what I speak of but I wouldn’t suggest it. I would only suggest enjoying your present moment, where you stand and observing any and all aspects of life around you. Even a flower has its own experience. Once you focus on the flower, your mind becomes the flower and it’s all you need to realize the limitless capacities of your imagination. As most of what people are quarreling over is literally just a figment of just that.

@somrune 2 ай бұрын

Reality Transurfing by Vadim Zeland

@scepisle4970 2 ай бұрын

Great guest... ❤

@elsavelaz 2 ай бұрын

Totally agree, he’s one of the few who I think understands the math plus blows me out of the water with the economics and world history , so always gets my undivided attention

@Josef852 Ай бұрын

I true love these conversations. Such a great learning experience

@patriciamoore51 Ай бұрын

Love love love listening to Arthur Hayes !

@dontewaddy8921 2 ай бұрын

I really enjoyed this interview.

@mattanderson6672 Ай бұрын

Brilliant interview, thanks guys!!

@RyanHoguePassiveIncome 2 ай бұрын

Gotta bring Arthur back more often!! his substack is great too 🔥

@littlebitmckee8234 2 ай бұрын

I always click on the video when I see this guest… Great job with him

@Man-u-flex 2 ай бұрын

Here we go again, Tom doing the talking like he’s being interviewed.

@skillz4life360 Сағат бұрын

Arthur is absolutely right about Bitcoin needing to actually move and be used to have value, it can't just sit there. You need liquid markets or there is literally no value. Thats why 08 was so bad. It wasnt that some marksts were just down 70%+ some markets literally had no activity at all, and If i can't get in or out of a stock its value is zero at that point

@chrismassick4433 15 күн бұрын

tom! i must say you have the most perfect questions, and arthur, i must admit you and tom are on a different intelectual level from the rest of the population! perfect questions and surprisingly perfect answers!! ❤

@truthmonster3290 2 ай бұрын

I disagree with living grass as an example of entropy. It is using energy of the sun to organize molecules. Turn off the sun or sprinklers then the grass will display entropy.

@skyehennessey2857 Ай бұрын

I think if you let it go to nature it would go wild as nature, sun and rain are in nature. Markets could go with nature but we use tools to keep it with certain boundaries. I thi k it’s a perfect analogy. Jungle vs manicured garden. Manicured garden needs to be tended to daily.

@truthmonster3290 Ай бұрын

@@skyehennessey2857 nature has sunlight which provides the energy the plant uses to organize molecules. turning off the sun is not nature.and markets can still have sunlight without government interference

@tropicalbreeze-hh3sh 2 ай бұрын

Some of us run our house exactly like that. Don’t be a grouper and think everyone is stupid and just going around blowing money on dumb SHT. Some of us actually have been doing the right thing SIR. Aloha!!!

@angelawinstone7236 Ай бұрын

Tom, if you want more information on the U.S. Treasury revaluing gold from $35 to $10,000 an ounce talk to Luke Gromen. Once the gold is revalued, the balance sheet debt of the U.S. Government can be halved. Debt to GDP can drop from 120% to 60%. Plenty of capacity to keep spending. A better solution than racing to war!

@yjfang22 Ай бұрын

Arthur is brilliant! Great pod!

@sufall96 2 ай бұрын

What about the XRP Ledger???

@ludap1ng 2 ай бұрын

I take the stairs. I've known too many people stuck in elevators. =D

@shkottrendezvous6644 2 ай бұрын

Funny analogy but really??? You’ve known too many people who’ve been stuck in elevators? How about the escalator then?

@shkottrendezvous6644 2 ай бұрын

I recommend you or your friends consider going into more modern buildings. Like Bitcoin versus fiat. 😅

@ludap1ng 2 ай бұрын

@@shkottrendezvous6644 🧠

@deepbludude4697 2 ай бұрын

Baghdad Ministry of Finance PSD with a fat ass client- fuck elevators never again...

@darkominem 2 ай бұрын

Do you also walk everywhere because cars breakdown? =D

@ScienceMinisterZero Ай бұрын

If nobody buys or sells gold for the next 1000 years, nobody will know it's value.

@fiatnomo2874 2 ай бұрын

I love Authors point of view and his intellect….and because I’m a committed supporter, we need to address his hair line 😂

@TheLastBabyBoomer 2 ай бұрын

Ethereum and all those fees. I'm with you on BTC but Solana is the way forward as a quasi "decentralized computer." Ethereum has had its run.

@AdamMansfield-uk4tm 2 ай бұрын

Agree... ETH is garbage and BTC is totally flawed. Guarantee you they both fall

@TripleB101 Ай бұрын

ETH and BTC both will tumble ..ETH sucks the gas fees are ridiculous…BTC will just be used as a storage asset plus it uses too much energy to mine constantly.

@Clvrkz Ай бұрын

Agree on ETH. I don’t think SOL is the replacement though. Cardano and ICP on the other hand.. 💭

@brianfreland9065 2 ай бұрын

wasnt this episode from months ago? i dont say that hatefully, im just wondering if this is the same one i watched before or if its another episode with him. i feel like i remember this exact episode. its a great time to replay it, thats for sure.

@cryptohoopz 2 ай бұрын

It’s a different one he didn’t have hair in the other vid

@bazimyan 2 ай бұрын

Tom has had a few guests come back regularly - Eric Weinstein, Konstantin Kosin, Donald Hoffman, Robert Greene, etc. Most likely this is another guest he brings on multiple times

@tusimp8860 2 ай бұрын

I thought the same because he have same clothes and same place, but then i realized Arthur have hair now 😂

@enver8184 Ай бұрын

Amazing Interview I love his way of Thinking and explanation

@Tubeman777 2 ай бұрын

He was an excellent guest, please bring him back on Tom.

@sleazebee 2 ай бұрын

“Careful about what is added to the network” So it is not decentralized at all if it can be changed by a human

@martinlutherkingjr.5582 2 ай бұрын

When someone says a computer network is “decentralized” they mean amongst humans, other species don’t use computers. Similarly, with gold - do you see squirrels digging for gold and wearing it as jewelry?

@Whale15 2 ай бұрын

Changes can only be made by a majority of nodes so yes it’s decentralized.