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The elephants are dancing and bitcoin has revealed the chaos of fiat.
Topics:
- Node murmurations
- Neutralizing the bond vigilantes
- In the fishbowl of the fiat dark ages
- Bitcoin will go to $1 trillion, $10 trillion, $10 trillion and then no trillion dollars as there won't be a dollar
Max and Stacy talk to Preston Pysh:
- The ham sandwich on the fixed income desk
- Bitcoin as a truth mirror to fiat
- When Wall Street realizes that the truth is in M2, once they realize that inflation is 15-20%
- Which central bank will do the Michael Saylor trade first?
- UBI will have to be met with more QE, it has to be met with yield curve control
Final conversation:
- The Rube Goldberg Money
- Nation states asking 'were's my money?'
- A lot of smoke and incense
- America ends in one enormous ComicCon festival
Max and Stacy discuss the Smug Industrial Complex and the Cosmic Vajayjay.
Max sees a near future in which you won't be able to tell if the thoughts in your head are your own or someone else's as we are all linked up in a giant brain net. He also says that thoughts have independent lives and the multiverse is our brains. That we are all primally screaming as a fetus in an unborn world and Bitcoin is working for humans, it is pro-humanity.
They are joined by Dan Collins, an entrepreneur who lived in China for twenty years to examine the Thucicydides Trap and whether or not it is too late for the US to stop China displacing it as the number one economic power. Things happen - volcanoes erupt, tsunamis roll into town, plagues hit - the outcome can change the future of the world: with Covid, China seems to be the last major economy standing, just as the US was after WWII. Dan believes that China is 3-5 years of the US in terms of Artificial Intelligence and 5G technology and that AI is the electricity of the future, it's going to disrupt every industry. They also discuss the fact that the US weaponized our exorbitant privilege and so the CCP could let the RMB smoke the dollar. Becoming a superpower, however, is also about becoming the world's largest customer, and China is almost there as the world's second largest importer. The US trade profile in international market looks more like Brazil so China expects a seat at the New Bretton Woods table.
Abe Cambridge delivers a mind blowing message about AI.