So with this cycle of lowering interest rates into a recession and increasing them into
Jekyll Island, The Federal Reserve, & The End of Fiat - Julian Figueroa & Peruvian Bull (THE Bitcoin Podcast)
"That's why Bitcoin is so brilliant… it removes humans from the monetary system for the first time in all history."
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1 So with this cycle of lowering interest rates into a recession and increasing them into 2 a boom, they just keep allowing more and more bad debt to accumulate, accumulate, accumulate, 3 accumulate until we get to the point where we're at 80% private debt to GDP and 130% 4 public debt to GDP in the US.
5 And there's so much debt that the system starts to fall apart when every time we hike.
12 You know, we're not, there's no banking panic that they're talking about.
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a boom, they just keep allowing more and more bad debt to accumulate, accumulate, accumulate,
accumulate until we get to the point where we're at 80% private debt to GDP and 130%
public debt to GDP in the US.
And there's so much debt that the system starts to fall apart when every time we hike.
And that's where the Fed has to cut.
You know, we have a Fed meeting today.
They're cutting again.
Show notes & resources
"That's why Bitcoin is so brilliant… it removes humans from the monetary system for the first time in all history."
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Julian Figueroa and Peruvian Bull. Julian and Peruvian have a documentary coming out on December 23 about Jekyll Island and the Federal Reserve, which they worked on with Isabella Santos and Ian Carroll. We go deep into the dark history of the federal reserve’s creation on Jekyll Island, the immediate aftermath and Fed’s historical track record, the damage that the Fed causes from war to inflation to booms and busts to inequality and a whole lot more. We also get into countries adopting a Bitcoin Strategic reserve, what that means for fiat currencies, and why individuals need to understand bitcoin now more than ever.
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Peruvian Bull:
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Julian Figueroa:
