The Jack Mallers Show Deficits Don’t Lie & BRICS Don’t Bluff: Here Comes Bitcoin
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Sep 9, 2025 The host kicks off with a lively discussion on the NFL and Bitcoin's market updates, linking sports to finance. Rising unemployment and government deficits paint a stark picture of the U.S. economy, while the BRICS nations challenge the dollar's dominance and hint at a shift toward Bitcoin and gold. Concerns about the Federal Reserve's reliability emerge, spotlighting its impact on central bank strategies. The potential of Bitcoin as a neutral reserve asset gains traction, alongside news of reduced fees for conversions, promising a new era in finance.
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Weak Jobs Signal Bigger Deficits Coming
- Jack Mallers links rising unemployment and falling job openings to inevitable fiscal stimulus and bigger deficits.
- He concludes the U.S. will likely print money or run the economy hot to avoid collapse, pressuring bond markets.
Long Yields Show Bond Market Stress
- Mallers explains rising long-term yields mean bond prices are falling and confidence in treasuries is eroding.
- He warns central banks may lose control of the long end and predicts yield-curve control is coming.
BRICS Are Remonetizing Neutral Reserves
- Mallers argues BRICS are re-monetizing neutral reserve assets by buying gold and Bitcoin with trade surpluses.
- He says that shift displaces U.S. Treasuries as the global savings vehicle and forces a new monetary era.