Balaji explains how the US prints dollars to fund its lifestyle, effectively taxing the world, and why this model cannot survive a loss of reserve-currency status.
View full episode →“Losing the reserve‑currency status would cause a catastrophic drop in US living standards.”
“US debt and unfunded liabilities (~$175 trillion) are unsustainable, pointing toward a sovereign debt crisis.”
“Internet‑first societies will evolve into sovereign network states powered by shared crypto infrastructure.”