this recovery from 2009 to 2020 was the slowest recovery we've ever had.

So that's what I'm saying.

The central banks are trying to counteract this by ever injecting themselves with ever

more liquidity, at the same time not being able to extract themselves from the monstrosity that they have themselves created

by conditioning markets to expect them to be there all the time when at the slightest sign of trouble.

And so the cycle just, you know, as we've just seen again now, you have an entire economy that's not prepared to take pain.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by

CoinDess. What's going on, guys? It is Friday, September 25th, and today I am actually going to

start with a quote. This is from a tweet sent last week after the Fed's FOMC meeting. Today, millions of

investors gather for the regularly scheduled ritual called Fed Day, celebrating free market

capitalism by hanging on the lips of what more gifts the head of the Central Market Politburo

bestows on the top 10% that own 87% of all stocks.

A subsidy benefiting the wealthiest while leaving the poor in the dust. A subsidy based on

lies told by idiots, signifying nothing other than a reflection of a bankrupt political system

that is incapable of developing structural solutions and entirely dependent on ever more debt expansion

and cheap money, a house of cards that will crumble when the efficacy of central intervention

and the ever-desperate efforts to make reality reach their limit. That tweet, that absolute

fireball of a tweet, comes from my guest today, Sven Henrik.

Sven is the founder and lead market strategist for Northman Trader.

You may have seen him on CNBC or CNN Business or MarketWatch.

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