The question is not, will there be a financial collapse, it's when will it happen. Nobody knows: this is not a normal economic situation; it is unprecedented. It could continue like this for a decade or more, or the shit could hit the fan tomorrow. IMO, the key to the bitcoin investment story is context, something which is not mentioned in this interview.
This is a very important observation. During times like these there are two choices offered: repression or regeneration.
When the Continental collapsed there was the American Revolution and regeneration with gold and silver only as legal tender.
On the other side of the Atlantic, John Law got gold and silver outlawed as mediums of exchange punishable by death; repression. The natural backlash was the Reign of Terror with the guillotining of tens of thousands of French aristocracy.
During the 1920's in Germany the Mark collapsed in hyperinflation which set the stage for supreme repression with Hitler.
But in 1694 Isaac Newton was Master of the Mint and invented the gold standard; regeneration.
History is being played out and it seems that the US, China, Bafin and most other regulators are choosing the path of regeneration instead of repression (only the Canadians it seems). It will be interesting to see how this plays out.
the US is following regeneration? you saw Chilton, right? and Gates' warning? it remains to be seen...
stay vigilant.