Part 9/15:
Larry argued that the combination of excessive debt, manipulated yields, and unmanageable inflation could trigger a systemic collapse. If real yields on bonds turn positive or if default probabilities increase, the market could evaporate in a matter of days or weeks.
He posited that to survive this turbulence, investors must rethink their assets—moving away from bonds towards alternatives like gold, silver, and critically, Bitcoin. These assets, Larry and Greg agree, serve as monetary insurance. They are immune to the kind of government and central bank policies that have destabilized traditional currencies and fixed income.