In this episode of the Impact Theory podcast, the hosts delve into the collapse of Silicon Valley Bank (SVB) and its impact on the wider economy. They examine what they call the "triangle of doom," which consists of high inflation, rising interest rates, and a slowing economy. The discussion highlights how easy access to capital during periods of low interest rates led to risky investments and unsustainable market valuations, with the SVB failure seen as a clear symptom of these deeper economic issues. The speakers stress the need for financial literacy, urging individuals to equip themselves to navigate these unpredictable economic times and brace for possible hardships ahead. They also explore the potential shift away from the US dollar as the global reserve currency, noting the increasing influence of BRICS nations.
