Episode Details

He's back, Peter Dunworth, for another banger of an episode where we dive into the latest in macro and Bitcoin.

At the time of recording, here are some key indicators:

Gold – $1889 – 3.35% up YTD

S&P 500 – 4,367 – 13.8% up YTD

UST 3 month – 5.56%

UST 10 year – 4.28%

Bitcoin - circa $26k – up 57% YTD

Timestamps:

0:01:00 – The world is drowning in debt

0:07:40 – The US is the cleanest shirt in a dirty laundry

0:26:30 – Musings on geopolitics

042:40 –  Statism and a shift away from communities/religion

050:45 – Daylight robbery, a tale of taxes

055:15 – Binance chicanery, Bitcoin & shitcoinery

Global debt: https://unctad.org/news/un-warns-soaring-global-public-debt-record-92-trillion-2022

US interest expense: https://fred.stlouisfed.org/series/A091RC1Q027SBEA

US Fiscal spending: https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

Everyone knows 2%⁠ is the "correct" inflation figure

May 2019 – CPI was 1.9%, “Forget inflation. We should be concerned about deflation”

2020-2021 – 5-7% “CPI  was transitory"

August 2021 “179 Reasons You Probably Don’t Need to Panic About Inflation”  

Late 2021 - Powell admits Fed got it wrong on inflation, says they should stop calling it 'transitory'

Daylight Robbery by Dominic Frisby - https://www.amazon.com.au/Daylight-Robbery-Shaped-Change-Future-ebook/dp/B07NCZ5SJQ

You can follow Peter on X (@PeterBTCAdviser) or learn more about his Bitcoin advisory firm 'The Bitcoin Advisor' at https://www.thebitcoinadviser.com/

Edited by Sean Lowe.