The Pomp Podcast #1012 Joe Carlasare & BitcoinT.I.N.A. On Changing Paradigms In Our Global Financial System
Jun 20, 2022
Joe Carlasare, a seasoned commercial litigator and BitcoinT.I.N.A. personality, dives into the evolving landscape of our financial system. He discusses the implications of the current macroeconomic instability, inflation, and the Federal Reserve's role, urging listeners to see Bitcoin as a hedge against these challenges. Carlasare emphasizes the importance of being prepared for market shifts, while exploring the relationship between the US dollar and global debt, and advocates for equity investment amid these transformative times.
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Unstable Credit System
- The current credit-based system is inherently unstable and requires constant growth to avoid volatility.
- Expect increasing volatility and a potential paradigm shift in the next 10 years, differing from the past.
Fugoid Cycle and Market Instability
- The current economic situation resembles a "fugoid cycle" – increasing oscillations leading to instability.
- Prepare for extreme market reactions as the system grapples with record-high CPI and potential policy shifts.
Inflation Drivers
- Current inflation is primarily driven by fiscal spending and underinvestment, not monetary policy.
- The Fed's rate hikes cannot fix structural issues like energy shortages, but they respond to political pressure on gas prices.