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This is the sixty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:15 The balance sheet of the Federal Reserve
01:45 Disclaimer 1: Monetary base (Total Fed assets)
03:50 Disclaimer 2: Bitcoin is analogous to more than USD base money!
04:58 Recent Fed balance sheet activity
06:15 Bitcoin market cap data
10:05 Question 1: When was the Fed last at $1 trillion?
11:47 Question 2: When was the Fed last at $500 billion?
Here we look at the history of Bitcoin's market cap, and how that compares with the monetary base of the dollar. Note, the dollar is just one (certainly the strongest) fiat network in the world, but there are many other fiat currencies that have their own monetary base and are not connected to the dollar at all! Also, I explain why the monetary base is the best monetary comparison to Bitcoin.
Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
PE59: USA Public debt - WWI to Vietnam (II)
PE58: USA Public debt in the 1800s (I)
PE57: Those sweet POWER trendlines on bitcoin price
PE56: Austrian Business Cycle Theory & Practice (XI)
PE55: Floored interest rate policy (X)
PE54: Where was the hyperinflation in 2008? (IX)
PE53: What was the Greenspan-Bernanke Put? (VIII)
PE52: Walter Bagehot and central banking (VII)
CV149: Lewis Cohen - Ineluctable Modality of Securities Law
PE51: The Fed, the Discount rate, and the Great Depression (VI)
PE50: How much money does the US Treasury have? (V)
PE49: What is a 'Reverse Repo?' (IV)
PE48: What does 'Printing Money' really look like? (III)
PE47: How fast does the money printer go brrr... really? (II)
CV148: Yaël Ossowski - Fix the Money
PE46: Fed printing... how much money? 108 year history... (I)
PE45: What happens when bond yields go UP?
PE44: Why are banks failing?
PE43: How likely is Balaji's Bitcoin bet, really?
PE42: How much GOLD can Bitcoin buy?
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