The Debt Spiral with Preston Pysh & James Lavish

[@jarednykamp129]

Bitcoiners are one of the few groups calling out the problem and providing an attempt at a solution. Everyone else is speculating and complacent. I am 23 years old. I will be buying bitcoin for the rest of my life as long as our values continue to align. I can’t say the same about the S&P or government bonds. Burn the boats

[@TheBitcoinRevolution]

Good for you. Now get your family and friends on board.

[@birdmanphill]

27 and most of my wealth is in bitcoin. Stay humble stack sats

[@HalalMoneyShow]

Best episode so far. Jef booth once quoted "if we only pay back a trillion dollar of global debt, it would take 32000 yrs to do that". There is no option but to print more paper dollar. It's inevitable

[@hussainhaider2818]

You can remonetize gold and let it rise nearly indefinitely by selling government bonds that include a percent return in gold - already being talked about in China, and/or monetize Bitcoin. Both may happen together for awhile. Long term maybe it’s just Bitcoin.

[@vinz300000]

Excellent point

[@mueller7652]

Please start your own podcast James 🙏 Btw I'm a huge fan of your newsletter. It's absolute gold!

[@williamcatt5570]

Preston and James are two of my favorites in the bitcoin space. So great to hear them together.

[@robanmodel]

Why did you cut when James lost it at minute 55? It’s actually the best part to see him laugh about the idiotic things

[@off-roadingcars]

I watch almost every episode, you guys are great, and I love Preston and James too. However, it would be even more compelling if you interviewed a traditional finance macro economist with fantastic credentials to deep dive on the debt.

[@loladelawoyin5728]

Thanks a lot Peter for leaving the comfort zone of the developed world to experience the reality others in developing economies face

[@willfrerichs]

Well this one’s gonna be on repeat for the next few days. Killer show.

[@chaotic_coder]

Absolutely fantastic show!

[@accidentally_here]

I really appreciate your work and the way you educate people about this stuff. Thank to all of you guys.

[@MadWaloo]

Fabulous conversation. Had to re-watch parts of it. Such insights! Thanks guys!

[@bertholdreimann89]

I like your Statements very much! So helpful! It's a blessing to hear these experts!

[@pitfour7396]

Reminds me of the scene from Gone With The Wind (not for snowflakes) where Scarlet returns to her fathers plantation during the Civil War. Asks her father how they will survive. He shows her all the Confederate Bonds he holds.

[@Firstmanphotography]

This was 🔥. Thanks guys.

[@edgeman148]

Keep an eye on what Madeira (Portugal) is doing, also thanks as always for this episode.

[@yannickg5788]

James Lavish-Bond aka Daniel Craig. I'm sûre this guy has gold bars in his truck, a beretta and sunglasses. Nice episode guys.

[@michaelmcarthur9258]

Hey guys, just curious why no one in the Bitcoin space seems to touch upon the eventual implications of bank failures, and rampant inflation. I understand that no one has a crystal ball or wants to spread fear, however people will very likely go hungry in this fourth turning and it would be of great service to your listeners to explore these implications so that people can prepare accordingly. We know the question "what is money?" will be the defining question this decade, but so will the question "what is REAL WEALTH?" (food, community etc). You guys create incredible content and are doing tremendous work in this space, so thank you. It's just crazy to me how only a couple of gold bugs like Lynette Zhang and Bill Holter are willing to map out a probable sequence of events and their implications on society.

[@therealmess6658]

this episode provided some quantitative easing for my soul.

[@littlepaws5947]

Great interview👍 why is because these 2 are interesting, intriguing and have a lot of good info.

[@joshc255]

Why aren't they using USDT on Solana... Which is miles cheaper in tx fees

[@TeshTube]

Loving the 4K. Appreciate the high quality production values that will be timeless even when hyperbitcoinization hits.

[@davecorley5514]

Preston @ 25:26: Rational trading presupposes free and open markets. But the markets are being manipulated. Becoming more apparent every day. So how to hedge against manipulated markets: BTC for long term, gold, silver for short term? Or are gold and silver markets also being manipulated?

[@thechett3699]

There are tons of F-150s available for less than $70k, guys. Over 80% of F-150s in my area are priced below $70k.

[@PeterPan30000]

39:00- Argentina The official rate is now over 1k.

[@coldflu]

How many would invest in a Fiat futures ETF or fiat’s future period? If one currency (Bitcoin) has one why not the other?

[@dongeorge3441]

Excellent conversation - as usual. 👊👊

[@davecorley5514]

Makes sense that residents of countries with high inflation would purchase dollar denominated tether or other stable coins. Use these for short term purchases because they won’t inflate as much as local currency. Why would any US resident purchase dollar denominated stable coins? With every purchase they’ll lose $ to transaction fees. And the short term purchasing power is tied to the inflation of the U.S. dollar. What’s the value prop in this?

[@XxChuyoxX]

Great incite from James and Preston, as always. Poor James was clearly exhausted lol

[@OhMyMemories]

hey, I'm from Cincinnati

[@marcw1]

Pete's face when truck interest rate mentioned 🤣🤣🤣

[@andreletourneau995]

Just watched the video from a year ago yesterday 😂 good refresher

[@markpalmer8083]

I didn't know that Lebanon used Lira. I thought their fiat was Lebanese Pounds.

[@sanshuma0]

what are those cameras?

[@KrattarKrattar]

Have these on often.

[@paulkieffer1189]

Just buy bitcoin constantly & relentlessly no mercy. Buy buy buy everyday like a ruthless killer

[@mulerecordingslabel]

So good

[@cesuntbanii]

What Preston is saying is that the faster we dollarize the world, the faster they'll go into Bitcoin realizing that the USD is being debased as well (not just their national currencies).

[@contemplating1015]

So the US could counter act debasement of dollars by purchasing Bitcoin as a hard asset 🤔

[@Annnnndbitcoinfixesthis]

Most politicians let alone normal. Citizens aren’t smart enough to comprehend fully comprehend bitcoin

[@Tenebrousable]

Half five is 4 30, is it not? Five and a half would be 5 30. 5 without half, half 5? Would be 4.30. Order of operations do matter.

[@pran10000]

But do these debt numbers really matter (Kelton) ? That would have been a good question to ask these guys.

[@S54VR6]

They just approved of increasing social security benefit payments by 3.2% for 2024. They have over 1.4 trillion budget

[@thestonemaster81]

I think at the end you should’ve put down everybody should get paid and Bitcoin should work, and Bitcoin could spend in Bitcoin, so the transition goes faster

[@Jimmybob21]

Fantastic 💯

[@rhettenriquez103]

This is fucking brilliant

[@jshagenow]

The force is strong in clown world and when these bills come due the shit is going to hit the fan!

[@twitafftwitaff7029]

Inflation is the abscess on my personnel purchasing' power over time.

[@dannybitcoin116]

OK OK we get it we get it…. it’s Macro Pete from here on out…. Macro Pete and Danny Dingo…. just don’t lose the Bitcoin paraphernalia on set. Otherwise it’s too off the rails….. love you guys.

[@foxate]

“Half-five”, couldn’t they work that out from the context? I mean what else could “I’ve been up since half-five” mean 😂

[@zidski]

UK GDP is 3T

[@ChrisvP]

Binance is China's Eurodollar shadowbank Coinbase is USA's Eurodollar shadowbank

[@osx86x]

I could stare at Preston's eyes all day. Should use it to grab attention and convert to bitcoiners

[@__lancaster]

Boys any chance you could get the camera on your guest in focus? Cmon....

[@davidd6147]

James is out of focus the whole time. And those aren't cheap cameras.

[@jamestreanor182]

Preston is in focus

[@Will-ht9cg]

Are we gonna just not look at the damn number next to “US UNFUNDED LIABILITIES” ….

[@michaelgf8840]

the Bible verse: Rev 6:6 Next, I heard what sounded like a voice coming from among the four living creatures. It said, “Two pounds of wheat for a day’s pay. And six pounds of barley for a day’s pay. And leave the olive oil and the wine alone!” I always wondered about this verse, and now see how's its coming to the world. Try something radical. Ask Jesus into your heart and see what happens.

[@flowwesterly6136]

I've often wondered why there are so few comments on this channel.. I wrote a perfectly reasonable comment from my other account and I can't see it anywhere from this one.. Who's doing the shadow banning? I can see it from the other account which made me think its all gone through.. Cancel culture needs to wiped out once and for all.

[@RUDY1985T]

Nice

[@ArchivingClownWorld]

Bitcoin price suppression has been a blessing

[@AllSeeingEyesMetal]

The poorer nations have better energy sources to mine bitcoin long term

[@satstacker6306]

USA is a very wealthy country. Lots of room to raise taxes to solve the federal debt problem. Bitcoin (and gold) will do well with prosperity as well.

[@XxChuyoxX]

Raise taxes and leave people who are broke even more broke? It's not that easy.

[@therealscot2491]

Also in an open border world the rich can leave so lefties will be left in the dust

[@PAPAPASCHALIS]

print money or initiate war

[@organic723]

"They did 500x leverage"....(pause for girlish laughter ??)

[@mr_digdeeper]

Stack sats and relax.

[@chetandosco]

UK GDP is 3 trillion not 1 trillion.

[@yj10guy]

Wouldn't half five be 4:30? Or is he saying half past five? I'm retardet.

[@malvaron]

I’m with you! In Sweden at least, half 5 means 4:30.

[@shaunmcfarlane1099]

lol "half 5"

[@BecamePneuma]

Why do people still use Dorian Satoshis Nakamoto’s face? For clicks because he has an Asian name? I don’t like this. Nobody thinks he’s really the real SN and has come out and denied it. Let this man live out his days without plastering his image everywhere. Does anyone else feel this way? He didn’t ask for this. Leave the man alone.

[@XxChuyoxX]

Relax, it's not that deep

[@edreeves121]

Bitcoin idiocy is astonishing.

[@decentri777]

Pure signal.

[@malikwilliams265]

I just can't find myself getting comfortable with the fact that 4 million of the bitcoin supply is lost forever. A bitcoin standard doesn't count for human error which will be its ultimate downfall. Which will be the ultimate reason why institutions won't be 100% in they will just pump it and dump it.

[@sebastianmichaels143]

The actual number of BTC doesn’t matter. What matters is that it’s finite on a fixed schedule of issuance. It’s divisible to 8 places now. In the future they can add decimal places if needed.

[@ralfbo685]

What's wrong with a deflationary money?

[@JamesVannordstrand]

Bitcoin is infinitely divisible. Even if 20 million was lost it wouldn't matter. A soft fork could make the last million divisible enough for mass usage.

[@PredTrades]

How does that affect how Bitcoin works? How people handle their finances has zero affect on how Bitcoin operates.

[@jshagenow]

You have to remember that while the supply should never increase over 21million - bitcoin is infinitely divisible-so the liquidity should always be there

[@casamurphy]

This is what happens if no candidate gets 270 Electoral college votes: en.wikipedia.org/wiki/Contingent_election