#423: Retirement Funds In The Age Of Bitcoin with Matt Dines
TFTC: A Bitcoin Podcast
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The Future of Bonds
So much of the credit in your bond portfolios is what you would call unsecured. It just sits on the capital structure, but most of these bonds don't have anything tied to. In an environment where this credit bubble just keeps growing, you think at some point, you keep going through these violent spasms. And once you get into those, it's or you're in a resolution event where you're going into bankruptcy and need some sort of recovery.
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