General Update, Virus, Dollar, China and Japan - E209
03/30/20 • 16 min
In this episode I discuss the bullish case for bitcoin being driven by QE but not via a weaker dollar. The dollar will continue to strengthen in a volatile way. Bitcoin will be bid because the traditional market will get worse and worse at price discovery and bitcoin will get better and better. I bring in two articles. The first one is about China's consumer credit bubble popping and the second is about primary dealers in Japan refusing to sell their JGB's to the Bank of Japan. That effectively stops QE as a weapon of the central bank. The primary dealers would rather use their JGB's in dollar swaps with the Fed.
China consumer credit: https://www.zerohedge.com/economics/scope-pain-immense-chinas-consumer-default-tsunami-has-started
Japanese bonds: http://archive.vn/ao4qM
Website: https://bitcoinandmarkets.com/e209
In this episode I discuss the bullish case for bitcoin being driven by QE but not via a weaker dollar. The dollar will continue to strengthen in a volatile way. Bitcoin will be bid because the traditional market will get worse and worse at price discovery and bitcoin will get better and better. I bring in two articles. The first one is about China's consumer credit bubble popping and the second is about primary dealers in Japan refusing to sell their JGB's to the Bank of Japan. That effectively stops QE as a weapon of the central bank. The primary dealers would rather use their JGB's in dollar swaps with the Fed.
China consumer credit: https://www.zerohedge.com/economics/scope-pain-immense-chinas-consumer-default-tsunami-has-started
Japanese bonds: http://archive.vn/ao4qM
Website: https://bitcoinandmarkets.com/e209
Previous Episode
A Devalued Government - E208
In this episode I use a tweet by Pierre Rochard and a video from Daniel Hannan as a jumping off point to talk about globalization, the growing distrust in our institutions, non-monetary rewards, and what this current crisis will lead to.
Links:
Pierre's tweet: https://twitter.com/pierre_rochard/status/1242103963287203840
"If everyone added to their cash balances during the good times, they wouldn't need to beg politicians and central bankers for bailouts during the bad times. But inflation penalizes cash balances. This is why we #Bitcoin."
Daniel Hannan video: https://www.youtube.com/watch?v=94lW6Y4tBXs
Website: https://bitcoinandmarkets.com/e208
Next Episode
Bitcoin Market Commentary, Read Through - E210
Hi Bitcoiners, I'm reading through my Friday newsletter The Fundamentals Report along with my extra commentary. Topics covered are the virus and effects of lock downs and shortages in gold and the dollar. I also talk about how bitcoin fits into this market.
Show notes post: https://bitcoinandmarkets.com/e210/
Report: https://bitcoinandmarkets.com/r83/
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