Summary of The WORST danger to the economy JUST APPEARED

00:00:00 - 00:10:00

The video discusses the dangers of the mainstream economy and how cryptocurrency can help to fix this. The founder of FTX discusses the relaunch of their project and how they have faced a lot of negativity and hate from the community. He encourages supporters of good tech to stay strong and believes that the mainstream world is about to experience a significant crisis.

• 00:00:00 The video discuss how hidden leverage in the crypto world caused the collapse of almost every major centralized player in crypto this year. This is a sign of a centralized entity in the crypto world, and it is still alive and well in the mainstream financial world. If you remember in 2008 what caused the great financial crisis, it was the fact that all these loans were being packaged together and they were being repackaged and sold, but what people weren't seeing was that the original loans were actually not of high quality. When these packages were repackaged together and sold, they were getting re-rated as higher quality, meaning as that debt entered the system, people would then sell that debt off or borrow against that debt and you effectively have bad debt being borrowed against creating more debt. This is what creates these leveraged cascades and it is important to understand that this type of leverage is 100 times what it is in crypto now. Another thing to remember is that in the mainstream financial world, what these Banker Bros are doing is leveraging up, getting as much free capital as their mitts on as much money as possible and then taking bets in the market. This is how this has been going on for decades and what happens during these great moments of collapse when the
• 00:05:00 The video discusses how the mainstream economy is still extremely leveraged and vulnerable to a financial crisis, and how cryptocurrency can help to fix this. The founder of FTX discusses the relaunch of their project and how they have faced a lot of negativity and hate from the community. He encourages supporters of good tech to stay strong and believes that the mainstream world is about to experience a significant crisis.
• 00:10:00 The video discusses the dangers of the mainstream economy, which could lead to a recession. It advises viewers to be aware of different ways to make money during a recession, and to watch for other upcoming videos that will enrich their understanding of financial matters.