"Understand who gains when money is printed first The speaker explains the Cantillon Effect with a vivid image: if new money rolls off the press, "the first guys who get those hundreds, like the banks, can use them to buy assets." By the time that money filters down to "some cashier in Kansas," its purchasing power has already been eroded. Knowing this reveals why asset-holders near the financial system consistently outpace wage-earners — and why holding hard assets or cryptographic alternatives is a rational hedge rather than speculation for someone far from the money printer. Source: Balaji Srinivasan, Impact Theory with Tom Bilyeu, Unknown Episode"