This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices episode 252 was pre-recorded back on December 14, 2020. I'm Eric Townsend.

This episode is brought to you by ABBEC's technologies, pioneering the design of smarter

markets that better meet the needs of both market participants and society as a whole,

and by the North Shore Global Uranium mining ETF. Ticker, you are NM, a focused play

on miners and holders of Uranium. There won't be any market wrap or post-game segment this

week, instead we'll be bringing you part 2 of our holiday special, in which we're

taking a deep dive on the topic of fiat currency being debased in real value. Patrick Sarrezna

hosts the series and I'll be acting as a panelist alongside both Grant Williams, author

of the things that make you go this letter and producer of the Grant Williams podcast

and Ronnie Sturfily, publisher of the Ingold We Trust Report and fund manager for Inquimantum.

In last week's episode, we began with a review of the major events of 2020, then discussed

the topic of fiat currency debatement at a high level before moving on to distinguish

fiat debatement from inflation. Then we discussed which trading strategies are appropriate to

hedge each of these separate and distinct phenomena. We even pondered where their Bitcoin

is replacing gold as the favorite store of value hedge against fiat debatement. This

week, this week, we're going to return to the distinction between inflation and fiat

debatement and talk through the long list of hedging trades against each of those two

...