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Ep 57: Balaji Srinivasan on the Origins & Severity of the Bank Crisis, the Future of Bitcoin, and "Make America States Again"

Joe Lonsdale: American Optimist

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The Banks Are Binging on Bonds but Not Because They Want To

There was a time, a crazy ton of money that came into the system in the banks. And all through 2021, Powell and Yellen were basically saying inflation is transitory and therefore they're going to keep interest rates low for a long time. They basically believe inflation was never coming back after having zerp for a decade. Oh, I mean, it's absolutely bipartisan. There's definitely something where both sides are addicted to the opiate of cheap dollars that they got forever until they caused a problem. Absolutely.

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