Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
You've got a mechanism where, um, they can pull that money out at certain intervals.
You'll have to deal with, um, what happens to people that don't have to work.
So I think you do want them working, but anyway, there are ways around that problem.
Well, so historically the impact has been stabilization.
It's worked.
But it works by devaluing the dollar.
So in, I think it was 1985, we did one of these things and it devalued the dollar by 50%.
Now, I'm so glad you're asking this question.
Drew!
Thank you, because I would have forgot to talk about this.
OK, so the fascinating thing is Besant, smart guy, is saying I'm ending the era.
He hasn't said this explicitly, but his actions speak to this.
I'm ending the era known as King Dollar.
And I think it was, I want to say, a Clinton era era.
advisor or someone in the fed i don't know anyway uh he coined this phrase and his whole thing was the thing that is in the national security interest of the united states is a strong dollar period we do strong dollar low inflation strong dollar low inflation that's it all y'all bitches get in line
And the problem is that you then export your manufacturing because you can't compete with places that can do it on the cheap.
Also, exporting becomes very difficult because everything costs a ton when it's made in America and it's very cheap when it's made in China and then brought back to the U.S.
This is why we started doing tariffs, because this is like, well, you're just undercutting us.
We can't justify manufacturing here because it'll be too expensive.
Everything you do is cheap.