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Matthew Mežinskis

lines on the record: 85
first: 2024-09-18
most recent: 2024-09-18
sittings or episodes: 1
sources: podcast

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“That love that I didn't know that, yeah, so that's my hometown. Anyway, that's yeah, four capablets.io, you can find all the information or one base money at any of the platforms.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I appreciate it. It means a lot coming from you. I've listened to the show a lot over the years. I really do appreciate it. Good to be on it. And yeah, I try to put out high signal like this. I'm just going to talk about what I know I can back up with pictures and charts and numbers. So one base money is my handle. You can find me on all the platforms on Nostra as well. One base money. And my website is Porkopoulos.io Porcopolis.io. It's the old name of Cincinnati in the golden years of Procter& Gamble.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Know the trend is up, and I want to put it back to the broad numbers that we talked about 20 or 26 trillion now globally in money print, I think 60 trillion by the end of the decade, totally possible, 80 trillion by the end of two Bitcoin halvings from now, totally possible.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I don't know the answer to that, Preston, but I do know the trends are, the pattern has now become clear. We don't want to take the pain. We don't want to have a forest fire to clear out the underbrush. We want to just bail everybody out. And even though they try to normalize, even though they're trying to do the good things as they talk about in all their press conferences, we see at the end of the day.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That wasn't the only reason, but that was an issue. Now up to 30. Of course, it can go up to 100, you know, I mean, like Zimbabwe, these types of countries, you're talking 100% there at that point. They're just printing money buying debt and that's it.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“$118 billion. Yeah. So that's actually, even though they are a huge buyer of treasuries, they don't even compete. Fed the Fed has 6.7 trillion. They don't compete with foreign central banks. So that's where the big money is still. It's politics. It's real politic. And yeah, I think it's good. Yeah, I think they're going to do it. I absolutely think stablecoins are going to be here to stay to sop up some of that demand or that supply, I should say, of treasuries. Look at this chart. They're the main buyer. That's going to be the key in how financial markets, particularly the treasury market, is going to evolve here into the future.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Anyway, you can see QE 123 and then COVID. The all time high was about 28%. So the Federal Reserve in November 2021 owned $8 trillion of treasuries, while the total assigned new treasuries are $28 trillion, 28%. That has come down. We're at, again, this period of normalization. We usually, you and I can guess what's going to happen at some point close here. This just is not sustainable. But now it's down to just under 20%, 19.5% as of June 2024. So 6.7 trillion dollars worth of treasuries are owned by the Fed, 34 trillion in total. And as we know, that number is going just continues to go up the total debt. This is where I think that the headlines are a bit bigger than the reality here. I think at the end of the day, the problem the United States federal government is going to have is the biggest buyer is still going to be the Fed. Still going to be the money printer. How big is the market cap of Tether Preston? It's what, like a couple hundred billion right now?”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So basically from Vietnam was the worst time. I feel like a broad Federal Reserve history. One of the things that broke the gold standard was growing United States debt, but also what is interesting not talked about is in 1975, which was coincidentally the year that Vietnam ended and already the gold standard had ended. We get up to 18% of the United States Treasury is owned by the Federal Reserve. Federal Reserve prints money, base money, bank reserves primarily buys the treasuries. So debt was 500 billion. The Fed owned 88 billion of that 17%. And then from there, they decided, all right, let's fix this. And Reagan years came in. And actually, the debt kept growing. So the percentage got better. But the Federal Reserve didn't buy as much, relatively speaking. Then you have these crazy times about the global financial crisis. This goes down here because there's more corporate bailouts precisely during this time. The TARP and the tariff and those things.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Great. Right. So now back to the tether story, obviously, and the demand for treasuries. I mentioned earlier how we're about at 20%. This is a chart you don't see every day. This is a lifetime chart of the United States federal government and how much the central bank owns of that debt over time. I'm going to put it on log left so you can start to see things a little bit more. So basically, I'm not going to go through. I've done this many times back to the founding and stuff. Andrew Jackson paid it all off here in 1835, so on and so forth. But let's go. Let's go up here now to the Federal Reserve. You see, so the dark green is what they own. The light green is the total debt. Looks a little bit goofy, but you can see it in the tooltip. You know, World War I, World War II, you have big bumps.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, sure. But one of the gentlemen, very nice, good scholar I really enjoy is listening to him blanket on his name. He said, I've been thinking about this for 50 years and I think the gold community can agree like perhaps the safest place for gold is someplace off the planet, someplace like Mars. It's something that they've been thinking about. You can imagine being a gold bug in the 70s while the price is going to 850 an ounce. And it's just lucky for us that right now we have this thing called Bitcoin where you can you really can have a superpower by taking custody of it. Taking it outside of the traditional banking system because it is outside money just like gold is outside. It's different, it's different than a financial system And I think that that's in the end of the day. That's going to be”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Rehearsals. Yeah, a lot of trust, a lot of trust. And you see what has happened in China. It was a big, it was a big stink in the gold market. Like, are you going to keep your gold, our gold in Hong Kong? What are we going to do about Hong Kong? And these things are not going to end. I've read some of these books. There's this, I'm blanking on his name, one of the guys from Gata. Some of the people from Gatta, obviously a little wild. Some of them are.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, you know, I'm sure you've interviewed a lot of these folks, and I know you have listened to your podcast over the years. And I kind of came into my own of the financial awakening, let's say, in the light of the global financial crisis. I was listening to Peter Schiff. I was listening to Jim Turk. Jim Turk is obviously much better on Bitcoin than Peter Schiff. But I remember 10 years ago, and there's a lot of excitement, silver had that run up in 2011 where it went up like to $50 and of course crashed back down. People that really want to protect yourself, protect your family, all those things. You dig into it a little bit more. You get an account of gold money. You do these things. It's just, it's nice, but it's just not that exciting. You're still going through some KYC process. You're going through.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“If you're a Bitcoiner and you've been around a long time and you haven't experimented with or tried multi-sig, I just urge you please to do so because it's a superpower. It's battle tested. It's been around 10 years. And now with Taproot, these amazing upgrades. I mean, you can have like backup paths and all sorts of things that help you from a $5 wrench attack to help you against a state attack or just really preserving your funds for your family for forever. It really is an incredible technology. And I'm a traveler. I'm international. So, you know, I'm happy to recommend it. I mean, migrature.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not just the only, I just think Bitcoin is just, it's so incredible what you can do with it and the freedom that you have. And like I tell everybody, and I said this in my presentation about Nazi gold and moving crazy amounts of money around the world in Europe in the 1940s.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I just think it's so funny that the government's going to go after anything that it can to keep its golden goose clucking away. So they're absolutely going to go for it. And I think it's a much more realistic use of cryptocurrency to have it. You know, the title of my podcast is Crypto Voice. I'm the last Bitcoiner to have that title is well before it became a legal term like 2015, 2016. I came up with it. But crypto is going to come back to Bitcoin. You'll see. I think it's all”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think they're figuring it out. They know that there's real demand there. They know that it is a way to boost Treasury demand. So they're going to go after it for sure. 100%. I think it's hilarious, though, that Tether of all companies, like the one that was in the crosshairs for so long, this sort of nebulous Caribbean entity with nefarious investors or whatever. We don't know, yeah. Perhaps at some, yeah, we don't know. Those are the narratives. Those are the narratives, right?”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Which is just hilarious, it's hilarious to me to think that a politician is actually, you know, just talking about some cryptocurrency that way.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“100% agree. I think it's going to happen. We're on the road for that. I'm sure you saw that Paul Ryan interview on Bloomberg a while back. Unprovoked. He's talking about debt crisis and he's talking about a possible way to solve the debt crisis would be stablecoin demand for treas”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Exactly. And who are the biggest client of the central bank? It is their banks in their constituencies, in their systems. It's very difficult for me to see. A true CBDC system emerging where you basically just have 50 or 60 or whatever central banks that have their digital cash. It's like, why would you put all of that effort into one central bank when the whole point of having sort of the banking system as we have right now is that the central bank doesn't need to be involved in these things. You have client privileges, all the rest. I just don't see it. I think it's just a LARP. I think they're just kind of acting like it's something that's exciting and innovative and interesting for them, but I don't see it's anything.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It is the digital equivalent of that physical currency component or the M0 component, as you mentioned. So you'd have something like wholesale banking cash, which is bank reserves. You'd have retail, physical cash, and you'd have retail digital cash, which would be CBDC. So I imagine you've had people on your show talk about how Orwelly it is and can be, and you could just track transactions. And you really, if people start accepting CBDCs for all cash payments and all sort of smaller Venmo type payments that they have in the US today, I know, or SEPA instant payments as they have in Europe, then you wouldn't even need a need for banks, frankly. So this is actually one of the reasons why I think it's a lot of hype. I think it's banks. I think there's hope here, frankly.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Bank. They want to be nimble on their feet. They want to try to. It makes sense to me that they were the first one to write about it. But as we know, nearly every country has written said something about CBDC. Since then, and we have a lot of Caribbean banks that are active now started, some Southeast Asian banks starting China, obviously as pilot, CBDC. It's still a very small nascent thing at the moment. But what it is just to quickly explain would be a third rail of this base money.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So CBDCs are not new, at least from concepts. We know the Bank of England, I believe, was the first to publish a white paper on that about 10 years ago, 2013, 2014 was the first CBDC paper from the Bank of England. Bank of England is very interesting entity, by the way. And it's obviously the first modern central bank. The Swedish bank is older than them, but they really started doing the modern monetary operations, the Bank of England first. And they are really not transparent either. They don't publish the total balance sheet. So the Federal Reserve, you can find total assets and that. You can find the monetary base of the Bank of England, but there is other liabilities outstanding and other assets outstanding that don't publish the total. They say in their website that they publish, you know, 80 to 90 percent of the assets. But I think it's very interesting that it's an interesting central bank that has old ties and for whatever reason they are not fully transparent. That's one point. The part about the CBDCs, yes, they're a sort of a mid-tier central.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's the scary thing, obviously. And I live in Eastern Europe, and it's a scary thing for us, and I get into that in plenty of other shows. But, you know, we have real worries about our security over here. And I also have worries about false alarms and false flags or people that, you know, are going to want to use global chaos to do more evil things.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, that I don't have a handle on. Like you said, we're at the lower end of the range. We see that we're not at the 97 or the 2.5% tile so, so low. Again, Bitcoin is starting to move up. They tried to start to move up the printing press a little bit at the end of last year. Now they're down again a little bit. I can't say it's so scientific or predictable about what Fiat is doing, but compared to the.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Was the exact same time that Bitcoin was gearing up for the next cycle, 2018, 2019 And then we explode together for different reasons, but we explode together. And meme stocks exploded all the rest. So we explode together and then we go down together. And now Bitcoin is obviously way more, but you can even see that Fiat is still kind of going with it, right? It's a little bit that we're trying to pump it a little bit last year, put a little bit more. And Bitcoin, of course, was pumping a lot more. So very interesting.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So for 40% growth on the left, you'd get 160% growth of Bitcoin. Bitcoin's growth, as we know, is so huge. But Bitcoin over the last 10 years, specifically the 2013 cycle, the 2017 cycle, we've seen it's been pretty uncorrelated. Like it pumps, fiat may pump, it may go down. Bitcoin is pumping. You can kind of see that, right? And then this is understandable, right? Bitcoin is a non-correlated asset. It has been. It's been different than gold, different than fiat currencies, different than stocks. It's just been non-correlated. But what has been interesting, and I'm not exactly sure what it portends other than it might line up with these trend lines that I just drew to you about the monetary base, you can see actually with this last cycle, this COVID cycle, we sort of lined up, right? You see that the fiat money is enough of this. Let's slow it down.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“As you see here, so here is the same chart I showed you. Remember, this is the monetary based growth. In red now. And Bitcoin market cap change is in green. Now that's so extreme, I have to cap Bitcoins on the right. Understand that Bitcoin is on the right axis, monetary-based growth is on the left. These are multiples. The Bitcoin is four times higher the axis. I'm doing a multiple of four”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right. And when you do that, when you log VY and you log the X, a power trend line will look like an exponential trend looks Looks straight up. But on log linear, it will kind of look like it's decaying a little bit, but it's still a very high rate. So here I have another sharp skin display this a little bit. But bottom line about this new thing, I have sympathy for the four-year cycle. I think a lot of people, there's validity to that so far as reasons. Obviously, we have the avenue and all things that sort of coincide with that. We have a new crop of new Bitcoiners seems to just get excited every four years. People want to spend mommy and daddy's money on Bitcoin. I don't know. There's a lot of reasons.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right. So there is actually, I have some sympathy to the cycle so far. Also, one of the things I've been studying a long time is this power trend line that's had a lot of press, I guess, this year is Giovanni Fellow from Italy. It was the first to observe it. I actually did a chart as well in 2018, didn't know about him at the time. He was a little bit before me. The big ship.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And now can the words that I've been saying, let me put some numbers to them two and a half percentile, which again is a very rare event. That's 23 trillion. Our current value is 26 trillion. If we project out a little bit, let's say perhaps when a Bitcoin bull is happening next year, 24.2 trillion. I find it very hard to believe that Bitcoin would be pumping and the monetary base would be going down again. This is another thing. Bitcoin's kind of colliding with these new waves, right? So”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Regardless, you can see that you're looking at something like 60 to 80 trillion after 7 to 10, 9 years. And if you look, let's just zoom in, if we see from 2013 after, let's go actually from the global financial crisis. Financial crisis, we're kind of on trend based on the all-time trend, went up to the 97.5%ile, pretty rare air, came down pretty much back to almost trend before COVID exploded again. And now we're under trend. We still could go lower.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's even lower than the 12.7. Why is that? So if you measure it this way, just sort of a brute force, not so with a fine-tooth comb exponential curve on the USD values, these USD values, again, Wittgenstein's ruler, keep decreasing like the euro decreases as far as in terms of the dollar. The yen is decreasing as far as the dollar goes. So it's a very interesting phenomenon. The dollar keeps getting stronger. That's the point what I wanted to say with this slope of the scurve. But anyway, a lot of nuance there. The point is it could be even more. The actual growth rate is 12.7%, but if you look at the sort of USD equivalent values and then you run a trend line on that, it's only about 10% growth.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“To visualize what I'm saying here, dear listener, Derby, the best number I can give you is 12.7%. But if you kind of look at different ways, you look at this, like during a trend line on these USD values, and you would think that since there's a lot more data coming, a lot more data increasing in the later years, you would get an even higher growth, a faster growth, because it's like artificially higher.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's a big one. The British pound, they haven't even published their bank reserves until 2006. Bank of England is an incredibly opaque bank. That's one other thing. So all of this more data comes, it's like loaded at the end. You would actually think in dollar terms if you got a big increase, this would be higher. But again, it continues to show the thesis that if it's lower,”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Which is lower than the 12.7. So, again, what does that tell you? The way that I like the scientific way to calculate the real growth is higher. But if you look at it, you would think, especially since I'm adding more currencies later, like I'm adding the Chinese yuan from 2000.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Is how it looked. But yeah, we could table that if you want. I got a lot to say about that too. But this, just if we did a trend line, now this is a simple trend line, and actually, another quick aside, everything gets kind of lost in the numbers. But the slope of this trend line is less than that 12.7%. Wow. Because I'm doing a very dumb, simple exponential regression of all the USD values. And remember how I told you, I only have the top 50 currencies going back to like 2007. And then some of them drop off, right? But this is very interesting because the slope is like 10 and a half or something like that, 10.5%.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. I got a lot to say about this. I actually don't know current off the, like, I don't have a global M2 like I have a global monetary base. It's a whole different can of wax. But if you looked at the US, it's I think you can probably roughly say it's something like 100 trillion is this. Global bank liquidity, yes. It's like $100 trillion in the monetary base is $26 trillion. So you're roughly looking at something like a 5x multiple, 4 to 5x multiple.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's the same chart I showed you. We got the 26.12 trillion in June 2024. Yeah. Trend line is that by the way, this is well under trend, as you mentioned. Front line is $32 trillion. On linear scale, you see how quickly it grows. Let's just spoil it and let's go all the way out to, I think I go out to 2033 here. Was after two more halves of Bitcoin. So 83 trillion is the number.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. Yes, I agree. All of the prior bumps that we're talking about were preceded by, you know, this sort of decreasing, either getting close to zero or in the last two cycles negative, which is. Again, unique. I mean, they've never had to do that because they just haven't prepared themselves for this final kind of day of reckoning, which seems like it's coming. So I would say let me show you. Can I show you one more? Yeah.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“There's just no way. I mean, there's just no way everything that you talk about with guests on your show. I mean, it's just there's too many headwinds coming at them to try to change it other than, I don't know, going back to either some new Bretton Woods or adding Bitcoin, which we can talk about. But to me, that's the big thing. It's 1% a month. That's the number to think about. Yeah, it's kind of flat at the moment. Yeah, we got this yen carry trade maybe under winding and some money being deployed back there and not enough demand in the US and things like that. But again, if all those things happen, that's even more reason for them to print more in the Fed to buy more bonds.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Main things like stocks, stocks with dividends, population, GDP. And you can see growth rates of four, five, six, population 1%. But other things around general finance and the economy growing at four, five, six, seven, the highest thing that is not Bitcoin is stocks with dividends. It's 9%. Stocks without dividends reinvested to 7%. That's the slope of the curve, the slope of the exponential trend line. All of those things, you just stack them up. You look at them in a column. This money printing number is like pretty high. I mean, 12.7% on a really high, like a blended weighted average over 50 plus years. Even if they're flat right now at the very moment, it would be a Herculean effort to sort of, and I don't see how you would change the system.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Over the last trailing 12 months, they're still just positive a little bit 0.7%. It's flat, but it's still a little bit positive. So, you know, again, to me, it doesn't seem like there's just business as usual for these people, right? And that's kind of what I wanted to maybe a little dodge or pivot to your question, but back to the way that you started the question talking about the 12.7% and most people can't sort of get their heads around that. At the end of the day, and this is why I think Bitcoin is such an amazing relief from all this, is 12.7% compounded. That's compounding figure. That's about one percent a month. So 1% a month if you compound it, it's not 12% a year, it's about 13% a year. That's what we're at. So you can think about it that way. It's just a constant debasement. And I continue to be amazed that there's not like Bloomberg and a lot of these news organizations following something like this, really dig into it, find the growth rates, because I don't know if you saw the last report. I did one this time where I just put trend lines of all the other things like kind of.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I'm more interested in this stuff usually in the long term, to be honest. I don't consider myself sort of like a train spotter of the short-term stuff. But I have been paying attention and the yen carry trade unwind is an interesting story, of course I don't actually see them doing, you know, we saw on that M0 is a little bit of tapering off, just on the physical cache. But really, if you look at the, let me just quote your number here again. So if you look at the yen over the last 50 years, 50 plus years, it's 11. I told you the dollar was 9% growth rate. The yen is 11.6% growth rate.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Collapse of the dollar value of the other currencies. When you see this green area fall. So the point is, you know, I think that they're going to continue it. I think specifically the US is going to continue. And once the U.S. changes, all the other central banks are going to look at it as carte blanche to continue to print as well from their side. So yeah, like you said, it's on the lower end of the bound. Generally, you're at 12.7%. Sometimes you're way over it in recent decades, but now it's very low. And if you just look at this sort of pendulum swinging analysis, and you look at you look around and you look at the news and you look at everything else, I don't see not printing in the near future.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Against other fiat, yeah. Absolutely. So that tells me that they're going to have the courage to, and it's actually not the wrong way to say, that they're going to think that they have the courage to lighten up because the dollar's still strong. It's very strong historically against other currencies. And you could see even here the way that before 2022, we were valued at 30 trillion. But this fall is really not due to cutting. Yes, the US has cut. Europe has cut a little bit, but it's really due to...”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We went down to 26 trillion. So, what is that telling us? What is that showing? Remember, the black bars are kind of like the best way that we can measure the global weighted average of a print. Central banks are kind of still printing, kind of flat, kind of doing nothing. But the value of their currencies measured in dollars has fallen massively. It's fallen four trillion. And so it tells you that the dollar is still the best looking horse in the glue factor. As much as all people.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Say normalize the balance sheet. But now let's put back. So this, just remember, this is like kind of the scientific number, if we can call it that, of looking at the units first, you know, euros upon euros, yen upon yen, doing all these measurements of weighting them. But if I just went back to that chart I showed you before, or not the chart, but the metrics of the USD changes. It's a different metric. It's a change in the USD value. See that it falls even faster. So, you see, like 2021 on the upside, it's relatively the same, but on the downside, the money print is kind of flat, a little bit down, but the money has the black, the black bars or something. But the red bars go down as we looked at before. We were at 30 trillion”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Anyway, I'm all for protecting yourself and your family. I'm not saying that, but it can be reasonable too. People took out cash like crazy hair, and that happened. And then, you know, 9-11.com, there was. They printed more here you can see in the early 2000s. This was Greenspan being called the Maestro by the New York Times. Tried to cool that off, and then, of course, that was the crisis, and then the major QE 1, 2, 3. But here is interesting now. You can notice that in my chart, it really is the only time if you just take the broad span of 50 years where they've tried to, they've gone so crazy positive at times that they've had to go negative at other times, right?”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's amazing. This is amazing. Yeah. So the craziness all started after 2000. You see the first big spike was Y2K. This is literally Y2K where it goes up to almost 30%. Yeah, people were taking out cash like Mad worried about Y2K. I remember this one libertarian, this crazy guy, Gary North. Who was, I don't know, he has a checker pass, in my opinion, but he like buried a tractor and crazy stuff that people were doing during Y2K.”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Exponential growth in log scale is going to go straight line. Let's just put everything on so we see it. There's the chart on log. So the chart is on log and you see it kind of looks like a straight line. I'm not drawing trend lines here, but you kind of see that the green itself goes a trend line. And then here is basically brass tacks. This is the number. So there's the annualized compound growth rate of the money supply at 12.7%. But here's interesting”
2024-09-18 · We Study Billionaires · BTC200: Base Fiat Money and Bitcoin w/ Matthew Mežinskis (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT