We try to have one every weekly, although sometimes we publish before an audio version is ready
This year’s Bilderberg topics, banking system top of mind 👀
A.I.
Banking system
China
Energy transition
Europe
Fiscal challenges
India
Industrial policy and trade
NATO
Russia
Transnational threats
Ukraine
U.S. leadership
covered by CNBC now 🤷🏽♂️👇🏽
No, new Treasury issuance isn’t new money itself, it’s new debt. Only the Fed and banks can create new money through QE or loans.
While many obsess over the debt ceiling fight, markets ponder what an agreement will bring in terms of liquidity drain, as the Treasury refills its general account at the Fed. Money used to buy T-bills means money not hitting the system elsewhere (until govt spends it). We wait.
I am very excited to announce “Layered Money Goes to DC”! In June, I’ll head to the Capitol to meet with members of Congress, give them copies of my book Layered Money, and represent bitcoin as an American ideal. Please consider throwing some sats toward supplying books! https://geyser.fund/project/layeredmoneygoestodc
REGIME SHIFT
something we have been watching closely
the chart shows how strongly positive the correlation is now between 10-year Treasury yields and stocks
when yields head lower, it won't be supportive to stocks as it was last year 
Everywhere you look, it’s dedollarization. Headlines and narratives, of course. Because on the ground and within the banking system, it seems that all anybody wants is dollars. How realistic is dedollarization, though? Not very, especially when you look at the hard numbers. In today’s free post, we’ll explore how hopes of a euro-, yuan-, or gold-centric monetary system are intangible. We’ll also explain how bitcoin adoption is the only competitor with promising, albeit early, momentum.
Bitcoin’s adoption trend calls into question any momentum the euro, yuan, or gold might have in challenging the dollar. The dollar remains dominant and entrenched, but the internet’s currency is just beginning to strengthen its running legs. Let’s see before how long it enters a full sprint.
https://thebitcoinlayer.substack.com/p/dollar-challengers-euro-yuan-gold
The reason I started a substack in the first place, September 2021, was that I was generally sick of relying on twitter to reach readers
Here’s our latest update, all weekly updates are free to everybody! https://thebitcoinlayer.substack.com/p/objects-in-the-mirror-are-closer
Banks under fire for more than poor hedging and low-interest deposit rates. JPMorgan and Deutsche Bank are both being sued by Epstein accusers.
Just published "Jamie Dimon to be interviewed under oath in Epstein sex trafficking case" for #[0] https://thebitcoinlayer.substack.com/p/jamie-dimon-to-be-interviewed-under
Treasury curve in full bull steepen mode. This only occurs when front-end yields collapse. This only happens when rate cuts are priced in. This only happens in recession or financial crisis.
It’s here.
Layered Money just crossed 49,000 total books sold. I would be lying if I said I wasn't really looking forward to 50k. It has been a long journey. Epic timing as I start to clear the deck for deep work on book #2. Beyond blessed. #bitcoin
UBS / Credit Suisse rescue talks are going down to the wire. Doesn’t look like CS is able to open on Monday without a savior.
Wow, even though the slow demise has been apparent to us all for years, still crazy to think about this ship going under.
Next week gon’ be 🔥
You have a gift sir! We are are grateful for your ability to explain the future before most can see it.
Bitcoin adoption happens one use case at a time. It seems that, unbelievably, many are learning about fractional reserve banking for the first time today.
Enter: bitcoin.
To give you a sense of just how differently the front end and long end of the yield curve are behaving.
2s are 13 bps ABOVE their levels from Thursday 3/2, six days ago.
10s are 10 bps BELOW their 3/2 levels.
Expectations are firm for higher policy rates, followed by lower rates. 2s trade with a 5 handle, yet 10s struggle to stay above 4%. It shows the unwillingness of investors to part with their Treasuries despite the higher discount rates.
This is typical late cycle fixed income market behavior.
Just on here zapping myself from my Wallet of Satoshi to my ZBD lnurl #[0]
Lightning 🤝 Nostr
I just interviewed #[0] for #[1] about Nostr.
Mind. Fully. Blown.
Nobody breaks down technological trends like Jeff. The future is built on this protocol. Do you agree and to what extent?
Switched it