Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
And because they don't understand it, you can't just be like, well, go figure it out.
We've already answered that question.
10% figure it out.
Everybody else is fucked.
That sounds like an absolute disaster.
So I get the pull towards.
So if you're trying to unwind a system, like unwinding it all in one brutal step is almost never the right play.
you wanna do something far more surgical.
You wanna give people time to adjust and reallocate and let things happen far more smoothly.
Jumping without a parachute is about velocity.
It isn't even about distance, which is why you can jump from the same distance.
And if you have a parachute, you can land safely.
The reason that you die on impact without a parachute is you hit terminal velocity, and now you're going so fast that the internal organs just splatter.
All of your bones turn to dust, your internal organs splatter, and you just mechanistically, you're dead.
So slowing the descent matters a lot.
It's just that we don't have an answer for slowing the descent right now.
So we are headed towards bankruptcy and that will be a cliff and we'll suddenly fall off of it.
So my thing would be, okay, you've got to engage people in the part of the economy that's working, assets.
You've got to balance your budget and then use the devaluation of the dollar as a mechanism to deploy tools to stop anything super acute from happening.
And then if you can drag that out over 20 or 30 years, now it's like people see their wealth going up because of the stocks.