Luke and Preston delve into America's financial fragility, exploring Treasury funding risks, shifting global power dynamics, and Fed policy challenges.
They discuss the rising relevance of Bitcoin and gold amid liquidity constraints, and how economic missteps, tech sector bottlenecks, and geopolitical shifts may shape the future.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:37 - Why the U.S. faces a multi-pronged "poly crisis" despite strong tax receipts
00:02:20 - How short-term debt issuance is straining financial system liquidity
00:04:02 - Why Japan’s bond and currency trends signal deeper global shifts
00:05:10 - The impact of U.S. shale decline and oil demand on inflation
00:12:18 - How hedge funds are absorbing Treasury debt—and why it matters
00:06:27 - The surprising risk factors in the tech sector like hyperscaler power limits
00:19:31 - The contradiction in U.S. housing policy and mortgage lengths
00:26:06 - Why Bitcoin and gold are diverging in investor appeal
00:49:16 - How global power shifts and sanctions are elevating gold’s role

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

 BOOKS AND RESOURCES
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