There is so much. The vast underlying argument framework is where the problem starts. Yes, there are aspects of the financial world that are going into scary territory. The problem is not about the financial mechanics (which is the ONLY thing he seems to know) it is political. Things are as bad as they are because (most of all the USA) for years during and after Reagan believed that the problem was spending and not taxation. So, yes, debt has been the only solution since Reagan and the Koch brothers and a host of other “libertarian” lunatics convinced Americans that taxing fairly and on an upward curve with income (of whatever source) was Unamerican or downright evil.

You can do a comparative economic analysis of Germany and the USA. I use data mostly from World Bank, IMF, WTC, CIA World Book:
https://www.imf.org/en/Data, https://data.worldbank.org/, https://www.wto.org/english/res_e/statis_e/statis_e.htm, https://www.cia.gov/the-world-factbook/

Germany is “evil socialism”. Except it vastly outperforms USA in almost every socio-economic metric, including having occasional government surpluses.

And the foregoing is where Hayes is both right in detail but wrong in the story. He might be in the end. But he also has a giant axe to grind and in the process he creates a largely conspiratorial narrative. It’s like you find out someone is dying of malnutrition and the problem is simply that the patient is not being fed. And in Hayes’ case, too, his limited understanding of world may very quickly and easily be turned upside down (or worse) again in the places he is living and operating now.

But for a more direct answer to your question….Take the following statement:

“Then, we turned to the current state of the crypto markets, and Dave asked me: “so what’s going on with the SEC going after Coinbase and Binance?”

I responded that it is just another example of how the fiat financial system is trying to restrict capital from leaving the casino.”

This statement asserts there is some sort of giant conspiracy on the part of the US Government and pretty much all the Western Liberal Democratic order which largely operates the same. I have to assume you are familiar with some amount of financial regulation and the fact that Mr. Hayes wound up on the wrong side of it. So, you basically have a "lie" and one for which you can easily determine the truth and at the same time grasp the motivation for why Hayes is making this and a raft of his other arguments.

I operated much longer, deeper and broader (aka international) in the space where Mr. Hayes got his start and seems to have learned all the wrong lessons…

A good short example that kills any real credibility: Mr. Hayes knows very well what a Sharpe ratio is and almost certainly knows that its scope of application is a function of the complexity tractability of the model. When he references “applying” it to “the fiat financial world” he knows very well he’s slinging nonsense. But the mass of crypto-cultists will lap up this "lie" like heroin-laced milk. Let me know if this is enough of his “distortions”.