He's back, Peter Dunworth, for another banger of an episode where we dive into the latest in macro and Bitcoin.

At the time of recording, here are some key indicators:

Gold – $1889 – 3.35% up YTD

S&P 500 – 4,367 – 13.8% up YTD

UST 3 month – 5.56%

UST 10 year – 4.28%

Bitcoin - circa $26k – up 57% YTD

Timestamps:

0:01:00 – The world is drowning in debt

0:07:40 – The US is the cleanest shirt in a dirty laundry

0:26:30 – Musings on geopolitics

042:40 –  Statism and a shift away from communities/religion

050:45 – Daylight robbery, a tale of taxes

055:15 – Binance chicanery, Bitcoin & shitcoinery

Global debt: https://unctad.org/news/un-warns-soaring-global-public-debt-record-92-trillion-2022

US interest expense: https://fred.stlouisfed.org/series/A091RC1Q027SBEA

US Fiscal spending: https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

Everyone knows 2%⁠ is the "correct" inflation figure

May 2019 – CPI was 1.9%, “Forget inflation. We should be concerned about deflation”

2020-2021 – 5-7% “CPI  was transitory"

August 2021 “179 Reasons You Probably Don’t Need to Panic About Inflation”  

Late 2021 - Powell admits Fed got it wrong on inflation, says they should stop calling it 'transitory'

Daylight Robbery by Dominic Frisby - https://www.amazon.com.au/Daylight-Robbery-Shaped-Change-Future-ebook/dp/B07NCZ5SJQ

You can follow Peter on X (@PeterBTCAdviser) or learn more about his Bitcoin advisory firm 'The Bitcoin Advisor' at https://www.thebitcoinadviser.com/

Edited by Sean Lowe.