Hosts: Ansel Lindner and Christian Keroles
Guest: Joe Carlasare
Listen To This Episode: Apple / Spotify / Google / Libsyn / Overcast / RSS
Fed Watch is a macro podcast with a true rebellious bitcoin nature. Each episode we question mainstream and bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies.
In this episode, I sit down for an interview with commercial litigator and co-host of the Inside Bitcoin podcast, Joe Carlasare. Joe is a no nonsense analyst of bitcoin, the bond market, and monetary dynamics. He is known for saying that all our models for bitcoin are dead, and I thought this would be a good opportunity to get him on and hash out some new narratives for bitcoin, especially being that we see eye-to-eye on many things in macro. Joe is also appearing in an upcoming series with Bitcoin TINA and CK about the future path and new models for bitcoin valuation, which should be out very soon on Bitcoin Magazine.
Joe and I start by breaking down the yield curve and the importance of the recent inversions. With the 10-year US Treasury yield falling under the 2-year, the curve is “officially” inverted, and signals that the deepest most sophisticated market in the world is pricing in an economic downturn. In other words, there is a landmine in the near future that we can glimpse by looking at the yield curve.
We also discussed the impotence of the Federal Reserve and cult-like mythology surrounding the Federal Reserve. Joe is an adherent to the Eurodollar framework of the financial system, and as such does not believe the central banks are central to their economies. What we have today is a bank centered system, and the mechanism of central bank policy is through expectation management, not cold hard supply and demand as the mythology would have us believe.
We have a wide-ranging discussion on commodities, the future path of QE and CPI, Japanification, and the dollar shortage. We finally arrive at trying to form some new narratives in bitcoin that will be sustainable in the monetary reality we are experiencing.
This is a great episode and I hope to get Joe back on so we can dig
Massive Week in Macro Review- FED 123
$80 Trillion in Shadow Banking - FED 122
What Does the Fed Even Do? - FED 121
Resistance and FUD in Bitcoin, FOMC Minutes, and Foxconn Riots - FED 120
The Market is Pivoting, Forget the Fed - FED 119
Jerome Powell Contradicts Fed's Own Statement, Chaos Ensues - FED 118
Bulls Are Back, Plus China Congress Fallout - FED 117
Clown World: UK Gilts, China’s No-Win Situation, and European Natural Gas - FED 116
Federal Reserve vs UN and OPEC - FedWatch 115
Bank of England Pivots First ! - ft. David Lawant - FED 114
Fed Policy and European Energy Crisis ft. Andreas Steno - FED 113
CPI, China Crisis Deepens, and Globalists are Losing - Fedwatch 112
Making Sense of the European Crisis - FEDWATCH 111
Zoltan’s Three Pillars Versus Reality - FED 110
ECB Recognizing the Stakes and Jackson Hole Preview - FED 109
China Rate Cuts and Jamie Dimon’s Warning - FED 108
Accelerating China Issues | Bitcoin’s Place in Macro - FED 107
Calling the Globalist's Bluffs - Fed Watch 106
Defining Recession - FED 105
Alarming China Financial Crisis | Credit-based Money Trap and Bitcoin - FED 104
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