A Debt Jubilee to Save the Economy with Arthur Hayes

 
 

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“You’re basically putting this powder keg together of a situation that’s going to be exploding in Q3 and Q4 this year. And so, while I think ultimately it will be good for Bitcoin, it could be quite volatile on the up and the downside”
— Arthur Hayes

SHOW DESCRIPTION

Arthur Hayes is an entrepreneur and the former CEO of BitMEX. In my first interview with Arthur, we discuss the state of the world at the moment: what happened with FTX, money printing, the coming collapse, debt jubilees, the need to acquire assets outside the system like Bitcoin, good and bad AI scenarios, and a powder keg of issues that’ll hit the markets this fall. 

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Arthur Hayes was the co-founder and former CEO of BitMEX, which was one of the largest crypto exchanges and derivatives platforms. In 2021, its average daily trading volume was over $2 billion. Hayes was famously charged in the southern district of New York for violating the Bank Secrecy Act. He got 2 years probation and a $10 million fine. 

But Hayes remains an authoritative voice within the crypto and Bitcoin communities. Nic Carter called him “One of the good guys of crypto.” He now has a mission to help spread financial literacy and educate investors, which he does through regular medium posts, columns in leading journals and interviews with podcasters. And, he has a knack for calling the market.

In this short interview, we pack in a surprising number of issues: Hayes's investment strategy, and views on crypto and Bitcoin; opinions on the FTX scandal; fragility in the banking sector; historical currency debasements and the inevitability of a coming collapse; the use of debt jubilees to right society; investing in assets that can weather the coming storm; the impacts of AI; and the debt ceiling.

TIMESTAMPS

00:01:20: Introductions
00:02:22: Responding to rumours
00:04:41: Maelstrom Fund, and Bitcoin vs crypto
00:07:48: Pricing everything in energy
00:09:55: SBF and FTX
00:17:55: Future regulation for exchanges
00:22:09: Banking cycles throughout history
00:26:43: Money printing, and impending societal Armageddon
00:29:35: Preparing for the financial breakdown
00:32:14: BTFP, interest rates, and inflation
00:38:24: Debt jubilee, and the geopolitical risks
00:46:07: Today's comparison to the Weimar Republic
00:49:32: AI
00:53:28: The debt ceiling
00:55:13: Final comments

 

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SHOW NOTES

Connect with Arthur:

Mentioned in the interview:

Other Relevant WBD Podcasts:

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