We Study Billionaires - The Investor’s Podcast Network BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast)
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Nov 16, 2022 In this conversation with Luke Mikic, a Bitcoin expert and macroeconomic analyst, listeners dive into the pressing need for Bitcoin in today's financial landscape. He discusses parallels between current economic conditions and historical cycles, particularly the 1930s and 40s, highlighting wealth inequality and currency wars. Mikic explores the role of stable coins in influencing government bonds and introduces the provocative 'Bitcoin Milkshake' theory. His insights also touch on triggers for inflation and the implications of our reliance on fiat currency.
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Cycles and Current Events
- The world is changing rapidly, and many current events are unprecedented in history.
- These events are intertwined with various cycles, like the end of an 80-year debt cycle and a 250-year empire cycle.
Empire Cycle
- The 250-year empire cycle, as observed by Ray Dalio, suggests empires rise and fall over this period.
- The US, in decline, might be challenged by China, although Luke expresses skepticism towards China's potential.
Comparison to 1930s and 40s
- The 1930s and 40s, similar to the present, saw the end of an 80-year debt cycle and a fourth turning.
- This period involved economic deleveraging, initially deflationary (1930s) then inflationary (1940s) with yield curve control.
