Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The Future of Bond Trading
Derivatives are contracts between two parties with an intermediary. They're overseen by a body called ISDA, international settlement of derivatives. What they were doing was using these LDI's not to manage risk, but to enhance returns. The way they would do that is they would buy bonds and they would lever them up with these derivatives.
James Lavish joins me to discuss the current financial situation of the U.S., the effects of the debt spiral, how the fiat system is showing its vulnerabilities, the LDI crisis of the UK, and how Bitcoin can provide the ultimate solution.
James Lavish began his career as an institutional investor. Now, he is the co-Managing Partner of the Bitcoin Opportunity Fund. He is the author of the popular newsletter “The Informationist.”
// GUEST //
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// OUTLINE //
00:00:00 - Coming up
00:01:00 - Intro
00:02:33 - Helping Lightning Startups with In Wolf's Clothing
00:03:20 - Introducing James Lavish
00:05:09 - How James Got into Bitcoin
00:08:25 - Bitcoin is the Only Decentralized Protocol
00:11:32 - The Significance of Inflation
00:12:44 - The Analysis of the Current Financial Crisis
00:15:48 - What is a Debt Spiral
00:17:06 - The Effect of the Debt Spiral
00:19:09 - The “Countermeasures” to the Debt Spiral Effect
00:21:42 - Secure Your Bitcoin Stash with The iCoin Hardware Wallet
00:22:38 - Do More with Your Digital Assets with Ledn
00:23:23 - The Infected Fiat System
00:25:38 - The Pension Fund Problem
00:28:14 - The UK LDI Crisis
00:32:28 - Symptoms of the Infected Fiat System
00:34:15 - Why The U.S. Treasury Plans to Borrow $932 billion
00:36:15 - No Feasible Solution to the Debt Spiral Problem
00:38:32 - Bail-In: Definition and Role in a Financial Crisis
00:42:12 - Take Control of Your Healthcare with CrowdHealth
00:43:13 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:43:49 - A Chance to Win Discounted Tickets to the Bitcoin 2023 Conference and 10M SATS
00:44:43 - Hold Bitcoin in the Most Secure Custody Model with Casa
00:45:32 - The Debt Spiral Situation of the United States
00:48:23 - The Pattern of Liquidity Crisis
00:49:52 - Positive Aspects of the Debt
00:51:21 - The Problem Lies with the Current Financial System
00:52:36 - What is a Credit Default Swap
00:55:36 - The Trillion-Dollar Coin Loophole
00:58:10 - What Happens When a Nation Defaults
01:00:22 - Bitcoin is the Ultimate Solution to Hyperinflation
01:01:30 - Vision of a Bitcoinized World
01:02:35 - Bitcoin Needs to Gain Psychological Confidence
01:04:08 - Where to Find James’ Work
// PODCAST //
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