In this engaging discussion, Peruvian Bull, a macro content creator, dives into the impending collapse of fiat currencies and the robust potential of Bitcoin. He highlights serious issues in the financial system, like the fragility of stock ownership and the manipulative practices of brokers. The conversation explores Japan's economic struggles as a warning for the U.S. and suggests that Bitcoin might be the ultimate refuge. Other topics include the GameStop saga, the complexities of debt, and innovative investment strategies in the cryptocurrency landscape.
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From Fintech Valuations To Macro Creator
Roberto (Peruvian Bull) left a fintech job after growing his macro audience and saving a three-year bonus. He spent his savings building content and substack, transitioning full-time into macro content creation.
insights INSIGHT
Reserve Currency Creates Unsustainable Demand
The US faces Triffin's dilemma: the world needs dollars but the US must inflate to supply them. This dynamic forces growing debt and eventual reliance on printing to service interest.
insights INSIGHT
Gold Returns As Reserve Asset
Foreign central banks are shifting from Treasuries into gold, reducing Treasury demand. This undermines the US funding model and pushes more burden onto domestic monetary policy.
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"It's that old saying, right? It's that meme. It's like, however bad you think it is, it's going to get worse, right? But at the same time, it's also going to get better. So be very bearish on fiat. Be very bullish on Bitcoin. This system, it's going to get worse. The collateral problem and the fail to deliver problem is going to get worse. Your shares that you own in brokerage aren't really yours. They're held by the broker. They're held at the DTCC. They can freeze them whenever they want. They can create fake shares whenever they want. They can fail to deliver. They can naked short. They can manipulate with derivatives, all these sorts of things. And really the only financial asset that you can truly own is Bitcoin." ~ Peruvian Bull
In this episode, I sit down with Peruvian Bull for a deep dive into the fragility of our financial system. From Japan’s zombified economy to the slow-motion collapse of the U.S. dollar, we peel back the illusions of stability that most people take for granted. Why does the debt machine always accelerate? What if your stocks aren’t really yours? And how does Bitcoin fit as the inevitable escape hatch?
We dig into the GameStop saga, the “great taking” of securities, stealth QE, the carry trade, and why debt — not retail payments — may be the problem Bitcoin is destined to solve first. Along the way, we explore what happens when central banks kick the can “up the stairs,” why Japan’s story is a glimpse of our own future, and how individuals can prepare themselves before the next inning begins.
This one is a rich discussion for anyone trying to make sense of late-stage fiat, the dollar endgame, and the hope that Bitcoin offers.
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