Tell us the truth, Jim. Are we doomed? ------  METAMASK | The Easiest Buy in Crypto https://bankless.cc/buy  ------  SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/    ️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/    ------ BANKLESS SPONSOR TOOLS:  ️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum   ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across   ROCKET POOL | DECENTRALIZED ETH STAKING https://bankless.cc/RocketPool   AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO    BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ----- Topics Covered: 0:00 Intro 5:30 Why is Inflation Breaking Everything? 9:55 Indicators 12:36 Is inflation a big deal? 16:51 Destroying Wealth 21:13 Bond Markets 27:45 Bonds and Interest Rates 31:51 Volatile Commodities 34:35 Oil 38:45 Reducing Spending 46:00 The Global Markets 54:30 The Meta Black Swan Event 1:00:20 Bankrupting Sovereigns 1:07:45 The Great Reorganization 1:12:00 What Happens Next? 1:15:40 Closing ----- Resources: Jim Bianco: https://twitter.com/biancoresearch?s=20&t=tFtQalkxjU6PAptGxFkfaQ  Tweets from the Episode: https://twitter.com/biancoresearch/status/1536183102506139648?s=20&t=BC9X_HA07wKzkMkPMt4yIQ  https://www.economist.com/finance-and-economics/2022/04/23/does-high-inflation-matter  https://twitter.com/biancoresearch/status/1536204256801349635?s=20&t=nQxIOLDkCDCR8q_6--wwpw  https://twitter.com/biancoresearch/status/1536713031849213956?s=20&t=pia3hx_qRgKaxNl0G-LyuA  https://twitter.com/LukeGromen/status/1534990729042444301?s=20&t=N11OFoW-n62j2CrzrYUiBw  https://twitter.com/robustus/status/1535645524556230656?s=20&t=oMjZY63pCEofa4VDbWjaaQ  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Humans are mimetic creatures that crave their respective desires. But how do these desires work when paired with crypto? Luke Burgis explains. Luke is the author of, “Wanting: The Power of Mimetic Desire in Everyday Life.” Mimetic desire is a part of everything. After this interview, you’ll start to see it everywhere. Where does the apex of mimetic desire lead? Is it good or bad for society? How did learning about mimetic desire impact Luke’s life? Hear the answers to these questions and much more in the episode. ------ 📣 METAMASK | The Easiest Buy in Crypto https://bankless.cc/buy  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ROCKET POOL | DECENTRALIZED ETH STAKING https://bankless.cc/RocketPool  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 3:43 Luke’s Background 7:40 Crypto & Mimetic Desire 15:40 The Leverage Component 20:32 Manias and Mimesis 24:50 Defining Mimetic Desire 31:13 Eyes 37:16 Trajectory of Mimetic Desire 46:47 Consequences of Mimetic Desire 55:55 How Luke Has Personally Changed 1:00:20 Desires 1:08:00 Good or Bad For Society? ------ Resources: Luke Burgis on Twitter https://twitter.com/lukeburgis  Luke Burgis’s Website https://lukeburgis.com/  Wanting by Luke https://www.amazon.com/gp/product/1250262488/  Luke’s First Bankless Appearance https://youtu.be/5cln_TL-bGI  Manias and Mimesis Essay https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3469465  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures