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How Bad will Inflation Get? | Jim Bianco

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 15 June 2022

⏱️ 79 minutes

🧾️ Download transcript

Summary

Tell us the truth, Jim. Are we doomed?

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Topics Covered:

0:00 Intro
5:30 Why is Inflation Breaking Everything?
9:55 Indicators
12:36 Is inflation a big deal?
16:51 Destroying Wealth
21:13 Bond Markets
27:45 Bonds and Interest Rates
31:51 Volatile Commodities
34:35 Oil
38:45 Reducing Spending
46:00 The Global Markets
54:30 The Meta Black Swan Event
1:00:20 Bankrupting Sovereigns
1:07:45 The Great Reorganization
1:12:00 What Happens Next?
1:15:40 Closing

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Resources:

Jim Bianco:
https://twitter.com/biancoresearch?s=20&t=tFtQalkxjU6PAptGxFkfaQ 

Tweets from the Episode:
https://twitter.com/biancoresearch/status/1536183102506139648?s=20&t=BC9X_HA07wKzkMkPMt4yIQ 
https://www.economist.com/finance-and-economics/2022/04/23/does-high-inflation-matter 
https://twitter.com/biancoresearch/status/1536204256801349635?s=20&t=nQxIOLDkCDCR8q_6--wwpw 
https://twitter.com/biancoresearch/status/1536713031849213956?s=20&t=pia3hx_qRgKaxNl0G-LyuA 
https://twitter.com/LukeGromen/status/1534990729042444301?s=20&t=N11OFoW-n62j2CrzrYUiBw 
https://twitter.com/robustus/status/1535645524556230656?s=20&t=oMjZY63pCEofa4VDbWjaaQ 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Banclist Nation. Welcome to another state of the nation. We got a hot topic today.

0:12.1

It is definitely top of mind as all of the markets around the world, tumble, including

0:17.2

crypto. That topic is inflation. David, who's on and what are we about to get into?

0:22.8

Jim Bianco, which every time we bring Jim Bianco on, I just feel like we're getting a

0:26.7

little smarter. I definitely could feel like being a little bit smarter right now, Ryan,

0:31.6

because we all know why the markets are tumbling. The Fed is raising interest rates. But what

0:36.6

happens next is just like a fog of war to me. I do not know what happens next. There are

0:41.8

fallouts of what's going on across the world. This is not just a crypto market phenomenon.

0:46.4

This is a global, this is a US equities market phenomenon as well. But it's also going

0:51.1

on in like all macro fiat currencies. And we have like the war in Ukraine is still relevant.

0:57.6

The food shortage is relevant. Supply chain is still broken. So how we get out of this

1:03.2

pain? I do not know. And so Jim Bianco, like no one really knows what the future holds

1:09.0

for us. But Jim Bianco knows more than I do. And so I think he's going to help shed some

1:12.9

light on what feels like a very confusing and tumultuous time.

1:17.0

Yeah. We're hopeful Jim can help explain some of this to us because we feel very comfortable

1:22.0

in the crypto world. But as we said before in Bankless, we're kind of learning a bit more

1:26.1

about the old financial world by way of crypto. And we just haven't gotten to that chapter

1:30.1

yet of how does inflation interact with crypto assets? Crypto has never been present in

1:37.9

an era as like the era that's happening right now. So Jim is going to serve as that bridge

1:44.2

for us. What I love about him is he knows macro very, very well and can school us there.

1:49.8

And he also knows crypto and defy so can talk about that too. So we're going to get into

1:54.3

that episode with Jim want to give a shout out to our friends at Metamask as well. I

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