34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
00:00
Is the Fiat Standard Breaking Down?
The US 30 year swap was 72 basis points a year ago, today it's 180 or 175. So that tells you that corporate bonds, sovereign debt and junk bonds are no longer stores of value and currencies yield no interest. I think the Japanese had a crisis. The crisis was the digital revolution computer chip came out Intel Microsoft. Their exports start slipping. And as the world moves to the computer age, the Japanese economy weakens their reaction is the central bank starts to intervene.
Transcript
Play full episode
