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Crypto Voices

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Apr 26, 2023 • 17min

PE63: Are the Scandics really cashless?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-third video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:25 Brief history of paper money 02:10 Denmark physical currency supply 03:10 Norway physical currency supply 05:58 Sweden physical currency supply 08:58 Rare to find shrinking CBPC 11:40 DKK physical supply in USD 12:50 NOK physical supply in USD 13:42 SEK physical supply in USD 15:08 To find signal in CBDC, watch CBPC Here I look at the physical currency supplies of Denmark, Norway, and Sweden (both in their native kroner/krona and in USD). When trying to understand where central banks are going with CBDCs, first step back and analyze their CBPC stock! Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 25, 2023 • 59min

CV150: Ben Prentice - Economics in one lesson

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the one hundred fiftieth podcast episode from Crypto Voices. Show support appreciated: donations.cryptovoices.com Matthew and Alec interview Ben Prentice, co-creator of the wonderful gold-influenced website 'WTF Happened in 1971?' He is also a producer of the What Bitcoin Did podcast with Peter McCormack. He is both a student and teacher of Austrian Economics. Contents 00:00 Intro 02:15 Monetary economic history and gold 17:00 Triffin dilemma 21:15 A 'Need' to print money? 24:20 Inflation vs. Deflation 30:47 AI and prices 42:10 Long-term prices vs. wages 46:05 Future of the dollar 51:13 Bitcoin, regulation, centralization Links for more info: https://twitter.com/mrcoolbp https://wtfhappenedin1971.com/ https://www.whatbitcoindid.com/ Show Sponsor: hodlhodl.com/join/cryptovoices Hosts: Matthew Mezinskis, 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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Apr 24, 2023 • 12min

PE62: Bitcoin vs. the FED (II)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:38 Review of Fed Balance sheet (Base money) 02:24 BTC market cap vs. Fed Balance sheet 03:29 Power trendline: BTC penetration (95% R-squared) 09:15 Compare prior trendlines to this % Here we analyze, on a 95% R-squared power trendline, how the Bitcoin market cap compares to the total Fed Balance sheet. This is solely looking at the percentage, the penetration, of Bitcoin versus the Fed Balance sheet over time. We also predict out to 2030, as I like to do! Power trend coefficients: y = a * x ^ b y = y-intercept * x ^ slope y = 1.01E-16 * x ^ 599% Prior video that analyzed Fed balance sheet exponential trendlines: https://www.youtube.com/watch?v=bbmSgENk090 Prior video that analyzed BTC market cap power trendlines: https://www.youtube.com/watch?v=sVKzQYtX1PY Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 21, 2023 • 15min

PE61: Bill Clinton and Bitcoin (I)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:15 The balance sheet of the Federal Reserve 01:45 Disclaimer 1: Monetary base (Total Fed assets) 03:50 Disclaimer 2: Bitcoin is analogous to more than USD base money! 04:58 Recent Fed balance sheet activity 06:15 Bitcoin market cap data 10:05 Question 1: When was the Fed last at $1 trillion? 11:47 Question 2: When was the Fed last at $500 billion? Here we look at the history of Bitcoin's market cap, and how that compares with the monetary base of the dollar. Note, the dollar is just one (certainly the strongest) fiat network in the world, but there are many other fiat currencies that have their own monetary base and are not connected to the dollar at all! Also, I explain why the monetary base is the best monetary comparison to Bitcoin. Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 19, 2023 • 26min

PE60: Reagan, Clinton, and debt: Who was better? (III)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixtieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:20 Review of debt after Vietnam 02:22 Ronald Reagan and US debt 04:25 Bill Clinton and US debt 09:47 US debt up to and during the GFC 15:24 US debt through Covid and until today 18:07 What does it mean to 'monetize' the debt? 24:12 Conclusion... and think about the dollar Here we look at the history of the United States Federal debt during the late 1900s, from the Reagan years, through the Clinton years, then the GFC, and through Covid stimulus until today. I answer an important question through it all... how much US debt is being directly 'monetized' by the Federal Reserve, and what does that mean? https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 18, 2023 • 16min

PE59: USA Public debt - WWI to Vietnam (II)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:20 Review of 1800s during Gold standard 01:50 World War I 05:05 Fed debt holdings before Great Depression 08:00 Great Depression period 09:10 World War II 12:03 Vietnam War Here we look at the history of the United States Federal debt during the early and mid-1900s, from World War I, through World War II, and through the Vietnam War and the dawn of the fiat standard. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 17, 2023 • 17min

PE58: USA Public debt in the 1800s (I)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-eighth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:25 First congress, first president, first constitution 01:20 Federal reserve ownership of government 01:55 Total public debt 03:13 Debt vs. Money 05:15 First Bank of the United States 07:20 Second Bank of the United States 09:05 Civil War 11:35 National Banking System 13:45 Classical gold standard Here we look at the history of the United States Federal debt during the 1800s, and how it relates to wars, central banking, and gold. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 14, 2023 • 14min

PE57: Those sweet POWER trendlines on bitcoin price

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-seventh video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:20 Log scale 01:20 Best BTC-fitting trend is power trendline 02:20 2010 power trendline 05:20 2012 power trendline 06:10 2014 power trendline 07:30 2016 power trendline 09:45 2018, 2019, 2020, 2022 & all-time trendlines 10:40 What do these good-fitting trends tell us about today? 12:04 What about projecting to 2030? Here we look at the best fitting trendlines across Bitcoin's USD-pricing data; from 2010, all the way until 2022, as well as all-time trendline (until 13 April 2023). All-time trend coefficients: y = a * x ^ b y = y-intercept * x ^ slope y = 7.23E-18 * x ^ 588% https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 13, 2023 • 24min

PE56: Austrian Business Cycle Theory & Practice (XI)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-sixth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:10 Fed Funds target rate 04:14 Fed Funds effective rate 05:29 Interest on bank reserves 08:40 US 1 year T-bill 09:13 US 2 year T-note 10:08 US 3 year T-note 10:35 US 5 year T-note 10:40 US 10 year T-note 11:00 US 20 year T-bond 11:20 US 30 year T-bond 12:44 Austrian Business Cycle Theory 16:20 Central bank planning board policy rates 18:55 Policy rates exacerbate booms and busts 20:20 Inverted yield curve means recession 22:00 Pretence of knowledge Here we look at the Federal Reserve policy rates, versus the market rate for US government securities. We use this backdrop to describe the basic Austrian Theory of the Business Cycle, and how the central bank exacerbates booms and busts. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Apr 12, 2023 • 25min

PE55: Floored interest rate policy (X)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:55 From discount rate to Discount window 05:25 2006 regulation allowing 'Interest on reserves' 07:38 IORR and IOER are dotted lines 09:35 How and why a 'corridor system?' 11:34 Floored! 19:40 It's definitely possible to lend any and all reserves... 20:18 ...Unless you have an IOR (floor) system 21:55 Not just Bernanke; Yellen & Powell too Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rates. The Fed has claimed they operate a 'Corridor system.' In reality, the system has been flooring interest rates since 2008, and I explain why in this video. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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