

ORANGE PILLING WALL STREET W/ Jack Mallers
19 snips May 30, 2025
Jack Mallers, Founder and CEO of Strike, discusses the decline of the dollar's reserve status and its implications on global finance. He emphasizes how Bitcoin can be a solution for Wall Street, supported by companies like MicroStrategy paving the way. The conversation highlights innovative Bitcoin treasury strategies, the importance of proof-of-reserves, and emerging financial instruments that prioritize transparency. Mallers also explores the risks and rewards of Bitcoin lending, showcasing how individuals can leverage their assets in a responsible manner.
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Post-WWII Dollar System Failing
- The post-WWII monetary order centered on the US dollar as the reserve currency is failing.
- Persistent deficits and exported dollars have created unsustainable debt slavery and economic imbalance.
From Gold to Petrodollar Backing
- The dollar shifted from gold-backed to petrodollar backed by US military support ensuring global oil trade in dollars.
- This system compelled other nations to hold dollars, tying global economics to US policies and military power.
China Funds US Deficits
- US deficits must be funded by lending from abroad, chiefly China, who reinvests surplus dollars into US assets.
- This underpins US financial markets but also creates dependencies and overdemand on foreign capital.