Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the sixty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Contents

00:00 Intro

00:38 Review of Fed Balance sheet (Base money)

02:24 BTC market cap vs. Fed Balance sheet

03:29 Power trendline: BTC penetration (95% R-squared)

09:15 Compare prior trendlines to this %

Here we analyze, on a 95% R-squared power trendline, how the Bitcoin market cap compares to the total Fed Balance sheet. This is solely looking at the percentage, the penetration, of Bitcoin versus the Fed Balance sheet over time. We also predict out to 2030, as I like to do!

Power trend coefficients:

y = a * x ^ b

y = y-intercept * x ^ slope

y = 1.01E-16 * x ^ 599%

Prior video that analyzed Fed balance sheet exponential trendlines: https://www.youtube.com/watch?v=bbmSgENk090

Prior video that analyzed BTC market cap power trendlines: https://www.youtube.com/watch?v=sVKzQYtX1PY

Host: Matthew Mezinskis

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the sixty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:15 The balance sheet of the Federal Reserve

01:45 Disclaimer 1: Monetary base (Total Fed assets)

03:50 Disclaimer 2: Bitcoin is analogous to more than USD base money!

04:58 Recent Fed balance sheet activity

06:15 Bitcoin market cap data

10:05 Question 1: When was the Fed last at $1 trillion?

11:47 Question 2: When was the Fed last at $500 billion?

Here we look at the history of Bitcoin's market cap, and how that compares with the monetary base of the dollar. Note, the dollar is just one (certainly the strongest) fiat network in the world, but there are many other fiat currencies that have their own monetary base and are not connected to the dollar at all! Also, I explain why the monetary base is the best monetary comparison to Bitcoin.

Host: Matthew Mezinskis

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the sixtieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:20 Review of debt after Vietnam

02:22 Ronald Reagan and US debt

04:25 Bill Clinton and US debt

09:47 US debt up to and during the GFC

15:24 US debt through Covid and until today

18:07 What does it mean to 'monetize' the debt?

24:12 Conclusion... and think about the dollar

Here we look at the history of the United States Federal debt during the late 1900s, from the Reagan years, through the Clinton years, then the GFC, and through Covid stimulus until today. I answer an important question through it all... how much US debt is being directly 'monetized' by the Federal Reserve, and what does that mean?

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:20 Review of 1800s during Gold standard

01:50 World War I

05:05 Fed debt holdings before Great Depression

08:00 Great Depression period

09:10 World War II

12:03 Vietnam War

Here we look at the history of the United States Federal debt during the early and mid-1900s, from World War I, through World War II, and through the Vietnam War and the dawn of the fiat standard.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-eighth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:25 First congress, first president, first constitution 01:20 Federal reserve ownership of government 01:55 Total public debt 03:13 Debt vs. Money 05:15 First Bank of the United States 07:20 Second Bank of the United States 09:05 Civil War 11:35 National Banking System 13:45 Classical gold standard Here we look at the history of the United States Federal debt during the 1800s, and how it relates to wars, central banking, and gold. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-seventh video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:20 Log scale

01:20 Best BTC-fitting trend is power trendline

02:20 2010 power trendline

05:20 2012 power trendline

06:10 2014 power trendline

07:30 2016 power trendline

09:45 2018, 2019, 2020, 2022 & all-time trendlines

10:40 What do these good-fitting trends tell us about today?

12:04 What about projecting to 2030?

Here we look at the best fitting trendlines across Bitcoin's USD-pricing data; from 2010, all the way until 2022, as well as all-time trendline (until 13 April 2023).

All-time trend coefficients:

y = a * x ^ b

y = y-intercept * x ^ slope

y = 7.23E-18 * x ^ 588%

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-sixth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:10 Fed Funds target rate

04:14 Fed Funds effective rate

05:29 Interest on bank reserves

08:40 US 1 year T-bill

09:13 US 2 year T-note

10:08 US 3 year T-note

10:35 US 5 year T-note

10:40 US 10 year T-note

11:00 US 20 year T-bond

11:20 US 30 year T-bond

12:44 Austrian Business Cycle Theory

16:20 Central bank planning board policy rates

18:55 Policy rates exacerbate booms and busts

20:20 Inverted yield curve means recession

22:00 Pretence of knowledge

Here we look at the Federal Reserve policy rates, versus the market rate for US government securities. We use this backdrop to describe the basic Austrian Theory of the Business Cycle, and how the central bank exacerbates booms and busts.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:55 From discount rate to Discount window

05:25 2006 regulation allowing 'Interest on reserves'

07:38 IORR and IOER are dotted lines

09:35 How and why a 'corridor system?'

11:34 Floored!

19:40 It's definitely possible to lend any and all reserves...

20:18 ...Unless you have an IOR (floor) system

21:55 Not just Bernanke; Yellen & Powell too

Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rates.

The Fed has claimed they operate a 'Corridor system.' In reality, the system has been flooring interest rates since 2008, and I explain why in this video.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-fourth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

02:00 Exploding reserves (and balance sheet)

03:20 What happens when supply outstrips demand...

04:35 "Tool 1:" Interest on required reserves

09:09 "Tool 2:" Interest on excess reserves

14:12 Zero interest rate policy years

15:00 Trying to "normalize"...

Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1980s until and just after the Global Financial Crisis, which at this time morphed from being the Discount Rate, to the Fed Funds Rate.

Many were confused why such extraordinary money printing by the US central bank did not result in hyperinflation... the answer was a new policy tool of the Federal Reserve: Interest on bank reserves.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the fifty-third video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:45 Review of all-time high rates

03:03 Once the hard work was done...

05:34 Fed begins new 'Target rate'

10:42 Greenspan put

12:16 The birth of the housing bubble

14:40 Cracks in the system

16:50 Banks expect (demand!) lower base money rates

23:20 Fed funds now has lower and upper bound

Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1980s until the Global Financial Crisis, which at this time morphed from being the Discount Rate, to the Fed Funds Rate.

If we look closely at the troubles of the GFC, we can actually see that the banks expect the Federal Reserve to cater to them, bail them out, and provide lower rates, as they are borrowing and lending around 100 bps below what the Fed was targeting for many weeks from September through December 2008. The Federal Reserve, eventually, indeed complied with this demand.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.