THE "FED PUT" ISN’T A CONSPIRACY. IT’S MATH. The Fed doesn’t really have a put under the stock market. It has one under the debt system. And once you understand why, you understand a lot more about where the dollar is headed, and why many choose to store value... in hard assets.show more

The essay version, for anyone who'd rather read it:

Well said.

🙏

Why does it have to be this complicated? I don't want to have to understand all this to protect my wealth.

you might want to buy some bitcoin, you know, just in case it catches on.

This!

Oh, hi Wendy! Yep, this underpins the entire NGU thesis

Hey there, fellow hawks fan keep them coming

Exactly; but in this scenario Bessent is capping long term yields, for hyperscalers and neoclouds to refinance debt for AI buildout.

Interesting. Isn’t Treasury having to replace lost demand from investors funding the AI buildout instead of buying long bonds?

Yep. Private capital is funding the AI boom, less demand for long bonds, Treasury has to become the buyer of last resort. Ai buildout continues, Bitcoin wins. Ai buildout fails, fed and treasury step in, Bitcoin wins

iykyk. Got bitcoin?

Dave never had a rattle They gave him a TI-82 for his first birthday

They print endless dollars and sink the inflation right into the market. Market goes higher while the underlying dollar goes forever lower.

$40 trilly of debt, non asset owners cooked.

It’s truly crazy that interest payments are over a trilly

MAKING THE FED FUN AGAIN!

awesome explanation, sent this to my friends

This is a very intuitive explanation except that the lawmakers are divorced from the economic impact of their actions. And the policy makers are devoid of power to impact the economy. Congress can't operate this way because they are elected in cycles based on marketing.

I really enjoy these short daily videos

Thanks Luis!

Update on the Japanese debt situation

lol

X + Y = B

Been loving these vids!

Great explanation of the intervention we are seeing 👏

Doing my best to simplify these concepts. Finally my journalism degree is paying off 😂

Crushing it 🔥

Well said bro!

Thx Mac! Mrs Swan says hi 😎

Hi Mrs Swan! Let’s all catch up sometimes. It’s been ages!!!

Loving the walk&learn series

Cory, you should do a podcast on why altcoin FOMO is counter productive. Many people are still believing that altcoins can give much higher returns than Bitcoin and they can afford to ignore Bitcoin. This myth needs to be broken.

Honestly it’s the last fight. None of them are claiming to compete with Bitcoin as money. Small time gamblers will have to learn the hard way. “Crypto” was thoroughly defeated by early 2024.

Could happen?

Yes. This is a great framing Cory. And this understanding got me thinking about the "Path" of this Financial Repression. 1. It's likely to be a sharp revaluation 2. It's likely to use Gold "Repricing" to re-collateralize the debt & (what this week is showing us) 3. BTC, as finitely scarce neutral monetary asset, is likely the greatest benefactor in what's coming...

@grok summarize the video

When the policy bias is toward maintaining nominal system stability at the expense of real creditor returns, scarce and productive real assets deserve a structural allocation premium.

thank you

Past five days, bitcoin has risen approx 25%.

NOURIEL'S "BITCOIN CAFE & RESTAURANT" ISN'T A CONSPIRACY IT'S MATH. 10K BTC Pizza. #math #bitcoin #HODL There isn't a better Pizza restaurant in Bitcoin. And it's coming from the two biggest former Bears in the Space. Nouriel Roubini & Peter Zeihan

New video

If they would just put the money in bitcoin….

that's a simplification of sorts. the real math isn't in the put itself but in who's willing to take on that risk and for what price.

Fantastic way to explain it!

Beautifully articulated.

AI -> Bitcoin? 🚀

Very simple way to explain and understand. 👊