Coffee and a Mike Andy Schectman #1054
Jan 28, 2025
Andy Schectman, owner of Miles Franklin, a precious metals company, offers keen insights into the evolving economic landscape. He discusses the impact of political changes on markets, particularly the role of technology giants and stablecoins. Schectman reflects on American identity during the Trump era and addresses the precarious state of the economy amid rising debt. He advocates for gold repatriation as a hedge against instability, while also exploring the implications of digital surveillance and quantum computing on privacy and the financial systems.
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Market Instability
- The stock market's reliance on a few tech companies like Apple and NVIDIA creates instability.
- The emergence of China's DeepSeek AI chip caused NVIDIA's stock to drop, highlighting this risk.
Crypto and Treasury Connection
- The crypto market, especially stablecoins, is tied to the U.S. Treasury market.
- This link is concerning as countries divest from treasuries, and stablecoins use them as backing.
Maui Fires Anecdote
- Andy Schectman recounts the story of the mayor's response to the Maui fires.
- He criticizes the mayor and her colleague's behavior towards President Trump.