Jul 4, 2026 · 1 hr 6 min · 11 segments
An easy 4.5 hour drive from Johannesburg, or only an hour from Durban, are the Midlands of KwaZulu Natal, South Africa. Covering a vast area between Pietermaritzburg to just before the Drakensberg…
Khulekani DlaminiGuest
Ruth KamauHost
So we have... money um that we can touch and feel hard cash actually we don't touch and feel it very much anymore you know now we're upping the ante with crypto it's
craziness i mean it's not new you know a lot of these things that we're experiencing are not new and i i love history history is helpful because they they say it rhymes right it doesn't repeat it kind of rhymes What we've seen over the last almost 500 years has repeated a couple of times.
There's a gentleman by the name of Ray Dalio who writes about basically the credit cycles of different countries and how countries evolve from being just little countries to where America is, for example, to being reserve currency type countries.
So what Ray Dalio kind of says is there's a trajectory to how a country becomes a reserve currency and then what happens subsequently.
And in a few steps, basically the first step is they come with a certain technology that makes them more competitive.
That technology allows for them to have disproportionate economic participation in the world.
And then everybody else starts borrowing money, or rather they start borrowing money from everybody in the world because they are the biggest citizen.
trade sort of aggregator in the world and then there's hubris and then they collapse so if you think about the dutch so it's a function of once again the fact that once so like in a place like south southern africa they would come here and they would have stuff to trade but for you to be able to buy that stuff that they were trading with you you needed to have their money
Yeah, but now I'm thinking, why would I say yes? Because I'm thinking to myself, how will I go and use this to the next person and convince them that that thing is worth, you know, in my neighborhood?
They think if I do not have this method of exchange, I cannot access this
going to trade what I used to, like I used to trade a cow for four goats.
So we have... money um that we can touch and feel hard cash actually we don't touch and feel it very much anymore you know now we're upping the ante with crypto it's
craziness i mean it's not new you know a lot of these things that we're experiencing are not new and i i love history history is helpful because they they say it rhymes right it doesn't repeat it kind of rhymes What we've seen over the last almost 500 years has repeated a couple of times.
There's a gentleman by the name of Ray Dalio who writes about basically the credit cycles of different countries and how countries evolve from being just little countries to where America is, for example, to being reserve currency type countries.
So what Ray Dalio kind of says is there's a trajectory to how a country becomes a reserve currency and then what happens subsequently.
And in a few steps, basically the first step is they come with a certain technology that makes them more competitive.
That technology allows for them to have disproportionate economic participation in the world.
And then everybody else starts borrowing money, or rather they start borrowing money from everybody in the world because they are the biggest citizen.
trade sort of aggregator in the world and then there's hubris and then they collapse so if you think about the dutch so it's a function of once again the fact that once so like in a place like south southern africa they would come here and they would have stuff to trade but for you to be able to buy that stuff that they were trading with you you needed to have their money
Yeah, but now I'm thinking, why would I say yes? Because I'm thinking to myself, how will I go and use this to the next person and convince them that that thing is worth, you know, in my neighborhood?
They think if I do not have this method of exchange, I cannot access this
going to trade what I used to, like I used to trade a cow for four goats.
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