A Debt Jubilee to Save the Economy with Arthur Hayes - WBD663

Arthur Hayes is an entrepreneur and the former CEO of
BitMEX. In my first interview with Arthur, we discuss the
state of the world at the moment: what happened with FTX,
money printing, the coming collapse, debt jubilees, the
need to acquire assets outside the system like Bitcoin,
good and bad AI scenarios, and a powder keg of issues
that’ll hit the markets this fall. 


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Arthur Hayes was the co-founder and former CEO of BitMEX,
which was one of the largest crypto exchanges and
derivatives platforms. In 2021, its average daily trading
volume was over $2 billion. Hayes was famously charged in
the southern district of New York for violating the Bank
Secrecy Act. He got 2 years probation and a $10 million
fine. 


But Hayes remains an authoritative voice within the crypto
and Bitcoin communities. Nic Carter called him “One of the
good guys of crypto.” He now has a mission to help spread
financial literacy and educate investors, which he does
through regular medium posts, columns in leading journals
and interviews with podcasters. And, he has a knack for
calling the market.


In this short interview, we pack in a surprising number of
issues: Hayes's investment strategy, and views on crypto
and Bitcoin; opinions on the FTX scandal; fragility in the
banking sector; historical currency debasements and the
inevitability of a coming collapse; the use of debt
jubilees to right society; investing in assets that can
weather the coming storm; the impacts of AI; and the debt
ceiling.