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Impact Theory with Tom Bilyeu

Impact Theory is a business and mindset-focused interview show that will teach anyone aspiring to greatness the secrets to success. The show is hosted by Tom Bilyeu - a serial entrepreneur and co-founder of the #2 Inc. 500 company Quest Nutrition and former host of the viral hit Youtube series Inside Quest (viewed over 100,000,000 times). Bilyeu is known for his passion and preparation. Always eager to truly learn from his guests, Bilyeu digs deep and brings the urgency of someone hungry to put what he’s learning to immediate use - making the show not only entertaining and energetic, but also hyper-useful.
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Impact Theory with Tom Bilyeu
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Oct 14, 2021

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Having a complete understanding of the financial system we’ve become accustomed to since birth is not only advantageous, but it’s an absolute must.  The gap between really understanding the impact and full gravity of inflation and living by a feeling or a suspicion is too wide to ignore. Nic Carter is an entrepreneur, investor, columnist and advisor in the Bitcoin crypto space. He’s joining Tom today to break down some principle ideas and thoughts to help you at least research what you should be doing with your money, your government issued and government backed money. What’s happening with crypto and NFTs isn’t something you can ignore or sleep through. Bitcoin has been going strong for more than a decade. You have a moral obligation to yourself and to your family to at least understand how inflation works, why increasing assets is like theft of your dollar’s value and how you can protect yourself and be part of the wealth redistribution in a way that benefits you more than harms you.

 

SHOW NOTES:

 

0:00 | Introduction to Nic Carter

1:31 | Does Bitcoin Matter?

4:21 | What is Money?

8:52 | Creating Devalued Money

14:43 | Redistribution & Inflation of Assets

22:24 | Reacting to Inflation

27:54 | Japan’s Stagflation

36:57 | Energy, Euphoria & Bitcoin

40:47 | Fiat Money Explained

45:10 | Do Research Money

49:16 | Bitcoin Value Vs Fiat Value

54:13 | Bitcoin, Digital Gold

57:52 | Value System by Design

 

QUOTES:

 

“Devaluing the monetary medium that we store our work and labor in is always redistributive. So it's effectively a way to reapportion societal resources from some group to another group.” [9:59]

 

“there's a wealth effect whereby people feel richer, and then they spend more like if the value of your 401k goes a lot, goes up a lot, you're probably willing to buy that nice new car, if the value of your house goes up a lot” [16:23]

 

“There's nothing that guarantees that public equity investors in the US are going to earn 7% every year for the rest of all time.” [31:38]

 

“As an entrepreneur in the crypto space, and someone who allocates capital, my best hope is to sort of create the tools and the systems that regular folks can use to potentially escape a ruinous Fiat system.” [40:15]

 

“The government cultivates an environment in which the dollar has value. They have certain tools to do that, one is tax policy...” [42:09]

 

“The first thing is just not not accepting uncritically the narratives coming out of sort of our monetary elites in this country.” [49:06]

 

Follow Nic Carter:

Website: https://niccarter.info/

Twitter: https://twitter.com/nic__carter

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