The Jack Mallers Show LIVE: Bitcoin Loves Chaos
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May 20, 2025 The podcast dives into the tumultuous world of macroeconomics and Bitcoin, highlighting recent market volatility due to U.S. tariff changes. It examines how global trade undermines the American middle class, widening the wealth gap. Discussion also covers the potential revival of domestic manufacturing amidst new tax strategies. There’s a critical look at KYC regulations in crypto, addressing privacy concerns and fraud. Finally, the exciting prospects of using Bitcoin as collateral for loans are explored, showcasing its potential to reshape lending practices.
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US Shifts From Tariffs to Capital Controls
- The US is pivoting from tariffs to capital controls to reorder global capital flows.
- This shift aims to protect American middle class and manufacturing by limiting foreign investment in US assets.
China's Surplus Drives US Wealth Gap
- China profits from surplus by investing in US assets, which strengthens the dollar.
- This inflates US wealth gap as asset holders get richer while middle America suffers.
Capital Controls Target Foreign Investments
- Reinstating a 30% withholding tax on foreign investments could restore fairness and generate revenue from foreign holders of US securities.
- This targets trade imbalances created by foreign central banks hoarding dollar reserves.