#425: Fiat Crisis with Balaji Srinivasan
TFTC: A Bitcoin Podcast
The Fed's Lie About Bonds
The fed in the treasury tricked institutions into buying huge amounts of bonds and then devalued them sticking them with gigantic losses. The average joe is crushed by both high inflation and high rates means that lots of other things are toast on they don't have the pull to get the selective printed money of this btfp program. It's an it's a banking crisis municipal budget crisis because the blue states are bankrupt bond crisis commercial real estate crisis that's you know just that aloneBy the way here i'll show you one more visual of this that's as you're saying this too i'm actually reminded because as all this is going on you have banks consolidating up into the big four predominantly
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