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Arthur Hayes Says, “Get your Bitcoin, and Get Out!”
Bankless
The Real Problem Isn't the Banking System
The US government is fighting wars all over the world and not just, you know, shoot them up wars. And so there's going to be deficits that need to be funded in the single digit trillions. So how do we get the banking system back in the business of buying the debt that we have to issue? Well, we guarantee that if they ever get into problems, we get to give them back dollars that we printed. The Fed said inflation is transitory. There's no more inflation. It's dead. You don't have to worry about interest rate risk. But it doesn't matter what the fucking interest rate is: It's positive spread. I get to make money. Am
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