“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes
Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?
Today we read, Arthur Hayes's amazing piece from the BitMex blog, "Pumping Iron":
https://blog.bitmex.com/pumping-iron/
Don't forget to read/listen to his other great piece mentioned "Choose Your Fiction":
https://bitcoinaudible.com/?p=3907
A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern...
The US Congress released an economic report that discussed many of the advantages and concerns with cryptocurrencies and blockchain technology. Listen to find out...
"We don’t need to reinvent the wheel. People play games because they are fun, not because they are on a blockchain." - Simon Cowell...