Episode notes
The bond market is cracking, the yen carry trade is unwinding, and Bitcoin didn't blink. Economist Steve Keen, who called 2008 years in advance, says the same private debt bomb is back, bigger, and he's calling it the Trump Depression. Behind the scenes, Treasury Secretary Scott Bessent is quietly revaluing gold off a 1970s book price of $42 an ounce, and that same trick could fund the Strategic Bitcoin Reserve. Add Saifedean Ammous on why Bitcoin has to out-decentralize gold, and Samson Mow's new Omega 60 model pointing at $1 million Bitcoin by 2031, and two completely different sets of math keep landing on the same number. This isn't a crash. It's a transfer.
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