David Sacks

What is the point of being concerned when you have ridden the roller coaster to the top

What is the point of being concerned when you have ridden the roller coaster to the top

getting its descent.

getting its descent.

I don't know what there is to be concerned about.

I don't know what there is to be concerned about.

The force of gravity is inevitable.

The force of gravity is inevitable.

The roller coaster will roll down.

The roller coaster will roll down.

We will throw our hands in the air and we will scream wee as we go for the ride.

We will throw our hands in the air and we will scream wee as we go for the ride.

Global debt to GDP is 310%.

Global debt to GDP is 310%.

reserve currency status to the side, the spending problem at the federal, state, local level, the spending problem at every country to basically keep economies growing to support existing leverage ultimately creates a cascading effect

reserve currency status to the side, the spending problem at the federal, state, local level, the spending problem at every country to basically keep economies growing to support existing leverage ultimately creates a cascading effect

it ultimately breaks.

it ultimately breaks.

And as it starts to break, you have massive inflation, because the value of your underlying currency collapses, and then you have money printing and all this other sort of stuff, which inflates the value of assets, which allows you to keep servicing your debt, and the spiral takes off.

And as it starts to break, you have massive inflation, because the value of your underlying currency collapses, and then you have money printing and all this other sort of stuff, which inflates the value of assets, which allows you to keep servicing your debt, and the spiral takes off.