Central Banking, Bonds & Inflation with William Elman & Greg Mercer - WBD359

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 11 June 2021

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: New York
Date: Wednesday 9th June

As of February 2021, annual growth in the money supply reached 39% in the US, leading to widespread fears of inflation and the impact on the economy. Consumer prices soared 5% in May, the largest increase since 2008. While the Fed has argued that inflation will revert to normal by next year, others are looking to hedge the risk of inflation.

Bitcoin is viewed by many as the ultimate inflation hedge. With its fixed monetary policy and transparent, consistent and decreasing supply issuance, it is the antithesis of fiat currencies, perpetually debased by governments' increasingly extreme monetary policy.

Are we right to fear more significant inflation? And what role do Bonds and Bitcoin play?

In this interview, I talk to William Elman and Greg Mercer. We discuss bond yields and what they signal, the pros and cons of market intervention and the ever-increasing government debt.

Transcript

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0:00.0	A lot of the tools that we're using today to combat this coronavirus crisis were
0:06.5	cooked up in 2008 during the great financial crisis, but now they're on steroids.
0:11.5	They've completely blown up to magnitudes that are unprecedented.
0:14.7	Hello there from New York City, how are your? What a week? So what started as a seed planted
0:22.2	by Michael Peterson in El Zontay has led to the country becoming the first to make
0:27.5	Bitcoin legal tender, requiring all economic agents to accept Bitcoin. This has been a truly historic week and I
0:35.3	personally want to congratulate Michael but also Jack Manners and the El Salvadoran
0:39.9	government for what has been, well how do we even comprehend what it's been,
0:44.0	but it's going to be a bright future,
0:46.0	especially for the people of El Salvador
0:48.0	have an economic freedom with Bitcoin.
0:50.0	Anyway, welcome to the What Bitcoin did podcast,
0:52.0	which is brought to you by Gemini, the only place I am using for buying Bitcoin.
0:56.0	I'm your host Peter McCormack, and today I've got an interview with William Elman and Greg Mercer,
1:01.0	where we're going to be discussing central banks, bonds and inflation.
1:05.0	But before that, I do have a message from my show sponsors, and today we cook off with Ledger,
1:10.0	the world's most popular hardware wallet.
1:12.0	Now, a hardware wallet allows you to take custody of your Bitcoin,
1:16.0	and I've been a Ledger customer since early 2017,
1:19.0	and I'm still using the same nanos I bought back then.
1:22.0	Now Ledger makes it easy for you to safely match using the same nanos I bought back then.
1:23.0	Now ledger makes it easy for you to safely manage your
	...

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