Crypto Voices

Matthew Mezinskis
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Feb 21, 2023 • 32min

PE29: Decoding M3 - Money supply USA (IX)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-ninth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:13 M0 03:04 M1 04:50 M2 06:40 M3 (Fed discontinued) 09:30 M3 19:03 M0 % of M3 21:52 M1% of M3 25:40 M2% of M3 30:27 Next up is base money Here we have concluded the entire breakdown (and reconstruction) of the entire United States *public-facing* money supply, from M0, to M1, to M2, and now M3. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 20, 2023 • 32min

PE28: Decoding M3 - Eurodollars (VIII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-eighth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:58 Money supply "stack" 02:38 What is a Eurodollar? 05:50 How did the Federal Reserve count Eurodollars? 08:35 Eurodollars (Fed discontinued) 10:56 Eurodollars (Porkopolis) 20:30 Argentina's stack of Eurodollars 24:30 Measuring Eurodollars: Much work to do! 26:10 Stablecoins 29:03 M3 non-M2 Total Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering Eurodollars. This is the last video looking at the non-M2 portion of M3 money. It is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 17, 2023 • 34min

PE27: Decoding M3 - Repurchase agreements USA (VII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:48 Money supply "stack" 02:47 Federal Reserve presser on M3 discontinuation 05:05 Repo market summary 05:28 Why repos: #1 Shadow banking 08:57 Why repos: #2 Liquidity 10:41 Why repos: #3 Leverage 12:30 M3 non-M2 Total (Fed discontinued) 12:39 Large time deposits & Institutional money market funds 13:40 Repos (Banks) 16:30 Repos (Shadow banks) 19:25 Former Fed economist explains repos and M3 24:10 Repos (Fed) 28:58 Fed knows it's a monopoly actor 31:45 Adding up all M3 money supplies found so far Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering repurchase agreements. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 16, 2023 • 19min

PE26: Decoding M3 - Institutional money supply USA (VI)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-sixth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:42 Money supply "stack" 06:37 Institutional time deposits 08:40 M3 non-M2 Total (Fed discontinued) 12:45 Institutional money market funds 16:45 Large time deposits % of M3 non-M2 Total Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 15, 2023 • 26min

PE25: Decoding M2 - Money supply USA (V)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-fifth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:30 Money supply "stack" 02:50 M0 03:37 M1 05:30 M2 09:24 M0 % of M2 11:00 Remember, fiduciary media 14:15 M1 % of M2 Here we look at the next level up for the United States money supply: the M2 money stock. In this video we are summing up all the components of the M2 money supply. (including M1). https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 14, 2023 • 24min

PE24: Decoding M2 (Non-M1) - Money supply USA (IV)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-fourth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:30 Money supply "stack" 02:25 Savings deposits 09:00 M2 non-M1 Total 11:10 Retail money market funds 15:50 Small time deposits 20:10 Savings deposits % of M2 non-M1 Total Here we look at the next level up for the United States money supply: the M2 money stock. Note that M1 is included in the M2 money supply; however, in this video we cover only the non-M1 monetary components. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 13, 2023 • 1h

CV145: Thomas Pacchia - PubKey Orange Pill

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the one hundred forty-fifth podcast episode from Crypto Voices. Show support appreciated: donations.cryptovoices.com Matthew and Alec interview Thomas Pacchia, founder and CIO of HODL Capital, and co-owner of the new bar with a Bitcoin flare in Manhattan, PubKey. Thomas talks about what it's like owning a bar, with a family, and working to bring the people back out and Bitcoin to the masses in NYC. He also tells some excellent stories about his long career in Bitcoin. We finish reviewing the state of the market today and what to expect moving into the halving. Links for more info:  https://twitter.com/tpacchia https://twitter.com/PubKey_NYC https://pubkey.bar/ Show Sponsor: hodlhodl.com/join/cryptovoices Hosts: Matthew Mežinskis, Michel, Alec Harris Music: New Friend Music newfriendmusic.com/ Podcast & videos Bitcoin, privacy, cryptoeconomics & liberty Thanks for watching! https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 10, 2023 • 25min

PE23: Decoding M1 - Money supply USA (III)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-third installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:22 Money supply "stack" 03:30 M1 - Porkopolis reconstructed 05:30 M1 - Fed Fed discontinued 08:50 M0 - Cash outside bank vaults 09:10 Sight (demand) deposits 10:45 M0 Money vs. M1 Money 13:30 Do bitcoins fit in here? Only a little... 18:30 Remember, M0 is not the Monetary Base 19:54 Are demand deposits problematic? Here we look at the classic "narrow money" supply: the M1 money stock, in the United States. We also compare the two components of M1 (M0 and demand deposits) and see what that tells us about the economy and monetary usage. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 9, 2023 • 36min

PE22: Decoding demand deposits - Money supply USA (II)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-second installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:26 Vault cash 08:27 Sight (demand) deposits - Fed discontinued 15:25 Components of deposits in USA 17:15 Adjusting for CIPC 19:17 Sight (demand) deposits - Porkopolis reconstructed 24:05 Vault cash vs. Sight (demand) deposits 31:13 Not the first time we've seen this low ratio 32:55 What then for a bitcoin standard? Here we look at the total supply of vault cash (physical currency inside bank vaults) versus the total outstanding balances of sight, or demand, deposits in the United States. There are some unfortunate discontinued publications we need to review here by the Federal Reserve, as well as reconstruct our own comparisons. The demand deposit supply is also a component of the second, basic level of the various "M supplies;" that is, a part of M1 Money. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Feb 8, 2023 • 13min

PE21: Decoding physical cash - M0 USA (I)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-first installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:20 Dollar briefly 01:40 History of "Money Supply" curves 02:50 Total physical currency supply 05:35 Physical currency supply outside bank vaults (M0) 06:50 Physical currency % M0 vs. Total 10:40 Be careful of M0 Money vs. Monetary Base! 12:45 More to come and summary Here we look at the total physical currency supply of the United States dollar, and compare how much is outside of banks (M0) versus how much is inside banks (vault cash). This is also the first level, basic money supply that makes up the various "M supplies;" that is, M0 through M4, etc. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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