Do We Need a Fractional Reserve Bitcoin System?

We are rejoined by Nik Bhatia, author of Layered Money, to get his perspective on the bond market, the global economy, and bitcoin. Why did bonds have their worst year ever? Why is Nik convinced a recession is looming? How does he see the bond market developing in the medium and long term? Will bonds recover and yields fall? Will we see negative bond yields? Is there still more road for the Fed to can unto, or are we really at the end of the road?

Resources (All links available on saifedean.com/podcast/147-bond-markets-with-nik-bhatia)

Articles from The Bitcoin Layer: 

• Rapid-fire Macro Reorientation - https://thebitcoinlayer.substack.com/p/rapid-fire-macro-reorientation
• PUBLIC: Hidden Leverage Reveals The Gargantuan Size of FX Swap Markets - https://thebitcoinlayer.substack.com/p/public-hidden-leverage-reveals-the 
• Deflation Cometh & Production Cost Eclipses Bitcoin's Price By $10,000: TBL Weekly #22 - https://thebitcoinlayer.substack.com/p/deflation-cometh-and-production-cost 
• The Hills Are Alive With The Sound of Recession: Global Macro Update - https://thebitcoinlayer.substack.com/p/the-hills-are-alive-with-the-sound 

Why We Fight movie by Eugene Jarcki - https://www.imdb.com/title/tt0436971/ 

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