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
Bitcoin - circa $26k – up 57% YTD
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/