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MI Rewind: Bitcoin, Long-Term Debt Cycles, & On-Chain Analysis w/ Dylan LeClair
Millennial Investing - The Investor’s Podcast Network
The End of the Debt Cycle
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In 1932, Roosevelt devalued the debt in real terms by getting everyone's gold and immediately revaluating it higher. And then 1944, Bretton Woods, the world comes together and says, all right, the US will hold our gold and our dollars are redeemable for gold. The game theory there was, well, the US cheated, you know, more or less with their paper claims on that gold. But ultimately, they didn't so we defaulted upon our promise. So since then, and I really, I like to look at like 1980, 1981 as kind of like that secular cop and interest rates reset. Since then, we've had the greatest asset boom of all time
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