The Bitcoin Frontier The dollar endgame with Peruvian Bull
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Aug 20, 2025 Roberto Rios, a macro researcher known as Peruvian Bull, shares his insights on global debt dynamics and the future of money. He delves into the mechanics of inflation driven by QE and fiscal deficits. Discussing the breakdown of the yen carry trade, he highlights liquidity as a key factor in asset prices. Roberto also explores the implications of Triffin’s dilemma on the dollar system and discusses how Bitcoin could revolutionize the monetary landscape amidst growing economic instability.
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How QE Becomes Real-World Inflation
- QE expands bank reserves but those reserves primarily flow into financial assets, not consumer goods.
- Inflation requires QE plus fiscal deficits and government spending to push liquidity into the real economy.
Research Widely Before Forming Macro Views
- Read deeply across competing schools of thought to understand complex macro systems.
- Combine historical reading with multiple viewpoints to build a holistic model before drawing conclusions.
Treasury Yields Aren't Truly Risk-Free
- Logical consistency and empirical observation expose flaws in mainstream economics teaching.
- Treasury yields imply inflation or other risks; calling them 'risk-free' is logically inconsistent.