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.

What's going on, guys? It is Saturday, August 12th, and that means it's time for the weekly recap.

Sort of. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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Hello friends, happy Saturday. At the end of this week, I had to travel a little bit last

minute. And so my choices were either one, skip the weekly recap altogether, or two, do something

just a little bit different. So obviously I decided to go with doing something just a little bit

different. And basically what you're getting is a long read Saturday on top of a long read

Sunday, which is coming tomorrow. Tomorrow's episode is a fun walk-down memory lane if you are

interested in Bitcoin. The piece is actually from 2019. I think you'll really like it. And for today's

weekly recap, I have two pieces that are obviously much more contemporaneous,

and I think in some ways do certainly reflect big themes that have been on display both this

week and last. The first is by Brian Brooks and Charles Kalamiris, and of course Brooks was the

acting U.S. Comptroller of the currency in 2020 and 2021, and before that the chief legal officer

at Coinbase, and is now a partner

at Veller Capital Group. Calamurus is now Dean of Economics, Politics, and History at the

University of Austin, and was the chief economist of the Office of the Comptroller of the

currency under Brooks. The piece they contributed to the Wall Street Journal was called

Stable Coins can keep the dollar the world's reserve currency.

...