$35 Trillion in the Red
Update: 2024-07-31
Description
I discuss the macro mayhem this week and why it's time for Bitcoin to shine. I also explored the Bitcoin Reserve bill and tried Alby Hub & Cloud.
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- The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.
- All while deficit spending as a percentage of GDP is currently at World War 2 levels
- Bloomberg just confirmed businesses are warning investors they're unable to pass on costs to the consumer anymore.
- A week ago we saw the biggest one-day drop for the S&P 500 since December 2022
- Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh Frost
- US Plans to Hold Note, Bond Sales Steady for ‘Several Quarters’
- 'We Did It—Congratulations': David Schweikert Decries US Reaching $35 Trillion In National Debt - YouTube
- Hawkish FOMC 'Still Waiting For Greater Confidence' On Disinflation
- Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For "Several Quarters", Will "Modestly Increase" Bill Offering Size
- Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony
- Lummis-Gillibrand Payment Stablecoin Act
- The Bitcoin-Dollar
- Tether holds more US Treasuries than Germany, ranks 19th globally
- Lummis Announces Revolutionary Proposal to Supercharge the Dollar, Bolster U.S. Economy » Senator Cynthia Lummis
- Cynthia Lummis Unveils Bitcoin Strategic Reserve Bill - YouTube
- Senator Cynthia Lummis long-term thinking is to prop up the dollar
- Russia Legalizes Crypto Mining and Brings and Experimental Cross-Border Exchange Regime
- Strike on X: "Our pilot program with @BtcpayServer at @TheBitcoinConf was a success!
- God Bless Bitcoin | Full Movie | Documentary - YouTube
- BITCOIN Myths ₿usted - YouTube
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