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BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Is There a Black Swan in the Treasury Market?
We have to pay out these obligations to our elderly in terms of social security and Medicare, these entitlements that are also pegged to the cost of living. Even though we have to like sell down, we're actually like net liquidating the like the treasury portfolio to pay out those entitlement obligations. So all these things are collectively putting more stress on the treasury market. And then you're just waiting for some black swan to come in and like really mess up the apple cart. That is a world built around this cat, this dollar surplus recycling flows which enriched certain elements of society and it really undermined other elements,.
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