
The podcast examines the instability in the global monetary order, driven by factors like declining confidence in paper currencies and the Japanese yen carry trade. It highlights how rising rates in Japan force investors to sell assets bought with cheap Japanese debt, impacting markets globally. The discussion points out that Bitcoin's price drop correlated with the sell-off of the Japanese yen, not unrelated news. For the average person, this means less access to money and a decreased willingness to spend, affecting everything from stock market investments to everyday purchases like pizza. The hosts suggest diversifying investments into assets like gold, silver, and Bitcoin to hedge against economic uncertainty, while emphasizing the importance of paying off high-interest debt.
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