Pretty sure he’s been saying this for a long time, nothing new. Personally, I think there will always be a role for credit, even with a hard fixed supply asset. Risk and therefore interest rates will be much higher in a deflationary system, but I think due diligence and reputation will take on much bigger role than it does in today’s credit based economy where banks are incentivized to print money and hand out loans to anyone with a pulse.  

 Listen to this. @allen breaks it down nicely. 
https://fountain.fm/episode/z4Tanq4K3yPyByEAa7m5