Read_667 - The Final Bubble is Bursting [Myrmikan Research]

October 26, 2022 01:14:44
Read_667 - The Final Bubble is Bursting [Myrmikan Research]
Bitcoin Audible
Read_667 - The Final Bubble is Bursting [Myrmikan Research]

Oct 26 2022 | 01:14:44

/

Hosted By

Guy Swann

Show Notes

"One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course, but mostly, as with any bubble, the value was simply illusory. In 2001, Argentina forced private pension funds to purchase $2.3 billion in government bonds so that the government could meet external debt Payments. The following day, the funds listed the bonds as an asset, but the value was already gone (Argentina would later confiscate the whole pension system officially). Western countries have done effectively the same thing, only with much more subtlety, without even the players knowing. The pension capital is gone, spent, consumed by the state, all that remains is the realization that it is gone." - Daniel Oliver, Myrmikan Capital Check out the original paper with some very eye opening charts to super charge the point made in this excellent work. Plus don't forget to explore more from Myrmikan Research if this work is any indication of the work they publish: https://www.myrmikan.com/pub/Myrmikan_Research_2022_10_18.pdf Check out our amazing sponsors and the products that Guy uses most in the space: • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 20% off with code BITCOINAUDIBLE (https://www.pacificbitcoin.com/) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

September 06, 2021 01:48:59
Episode Cover

Shitcoin Insider #006 - Proof of What?

Proof of stake, versus proof of work. Isn’t POW super wasteful, while POS is the cost free alternative that obviously is as equally secure?...

Listen

Episode

May 09, 2018 01:00:16
Episode Cover

CryptoQuikRead_066 - Money, Blockchains, and Social Scalability

Szabo's excellent essay on the specific trade-offs that empower Satoshi's brilliant solution to the scaling of trust across human institutions.  Listen if you are...

Listen

Episode

August 07, 2024 01:12:07
Episode Cover

Chat_108 - Private Email & Unstoppable Money with Andy from Protonmail

"My thinking is always resilience. How did I make Proton resilient? And the conclusion I came to after thinking about it for a long...

Listen