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Tom Bilyeu's Impact Theory

Fake $30 Billion Fraud Found Guilty! - Patrick Bet David On FTX Collapse & Upcoming Market Crash

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.75.1K Ratings

🗓️ 6 November 2023

⏱️ 130 minutes

🧾️ Download transcript

Summary

In this episode, we dive straight into the recent FTX verdict that is sending major ripples though the financial world with the announcement of a potential 100+ year sentence on the horizon. Patrick Bet-David, founder, creator mentor and highly successful serial entrepreneur joins me to explore the concept that only the paranoid survive. This isn't about living in fear, but rather about being alert, aware, and ready for any curveball life might throw our way. It's about realizing that paranoia can be a powerful tool in taking precautionary measures to safeguard your future. The FTX case is a stark reminder of the importance of vigilance and the critical need to stay informed. We've all had our fair share of missed opportunities, times when we wished we'd paid closer attention or taken a different path. But it's not just about regret; it's about learning to optimize for options. This episode is not just about facing the hard truths, but also about developing resilience and adaptability. It's about equipping you with the tools and mindset necessary to navigate the turbulent waters ahead. So buckle up for an enlightening journey into the realities of success and economic landscape. Check out Patrick’s book, Choose Your Enemies Wisely: https://www.amazon.com/Choose-Your-Enemies-Wisely-Audacious/dp/0593712846 Follow Patrick Bet-David Website: https://www.patrickbetdavid.com/ Twitter: https://twitter.com/patrickbetdavid Instagram:https://www.instagram.com/patrickbetdavid/ Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ Twitter: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ This episode is sponsored by BetterHelp. Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self. Head over to https://bit.ly/AnthrosImpact and get $200 off the office chair that promises to be the world's most comfortable sitting experience. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. No interest, no payments - take advantage of this special financing offer at https://bit.ly/NetsuiteImpact to get the visibility and control you need to weather any storm. Sign up today at https://bit.ly/ButcherBoxImpact and use code IMPACT to get a FREE TURKEY ​plus $20 off your first order.​ Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Dear Sly Price Riser, we praise you.

0:03.4

Your commitment to raising the bar is something to look up too.

0:06.4

When the world said this mobile contract's price is high enough,

0:10.0

you said,

0:11.0

No, go higher.

0:12.8

Yeah, cheers to the bad mobile contracts out there for showing us how to make a good one.

0:18.1

One that would rather raise your data, not your prices.

0:21.2

Go to giftgaff.com and switch now. Giftgaff, we're up to good.

0:25.2

18 month commitment to say payment method required.

0:27.4

Terms apply see gift Gaff dot com forward slash terms.

0:30.0

Twas a night in November at your pal's Christmas party, when an elf arrives.

0:38.0

Oh, with a toffee night latte!

0:40.0

Hey everyone, who wants a Starbucks?

0:43.0

Ooy! Same one for me!

0:46.0

Get the group together for Starbucks festive favorites.

0:50.0

It's IRL season.

0:51.0

At a Starbucks near you.

0:55.0

Ahem.

0:56.0

Subject of Abe with tea while stocks faster.

1:00.0

If you want to be successful, you've got to be paranoid think about the fraud verdict that was just handed down in the FTX case

1:07.8

A lot of paranoia during the due diligence process would have gone a long way.

1:14.0

Also, there are just so many warning signs

...

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