Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded. While the tragedy continues to play out, let’s summarize what has happened so far and what we can understand about the underlying economics.
More episodes from "The Gold Exchange Podcast with Keith Weiner"
Ep 52 - Jeff Snider: Solving the Eurodollar Puzzle
41:12Jeff Snider, Headmaster of Eurodollar University, joins the podcast to talk about the perverse complexities of the Eurdollar system. What even is a Eurodolllar? Why was the system created? Keith and Jeff discuss the Eurodollar market and then give their hot takes in a hilarious lighting round. Which is more likely: Stephanie Kelton replaces Janet Yellen or the Fed adds Bitcoin to their balance sheet? Find out the answers to all these questions and more in this insightful whirlwind of an episode!
The Current Yield Curve Inversion, Explained
12:15The yield on the 10-year bond recently fell below the rate paid by the Fed on bank reserves. That is, a bank gets paid more to lend to the Fed for a day than to lend to the Treasury for ten years. There is not merely an inversion between the 2-year and the 10-year bonds. Nor even the 3-month and 10-year. Now the overnight and 10-year bond are inverted. We explain why this is absolutely crazy.
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Ep 51 - Bryan Caplan: Economic Principles for Genuine Justice
1:02:07Bryan Caplan, Professor of Economics at George Mason University, joins the podcast to talk about his latest book, the minimum wage, betting, and much more! Is nature or nurture more important? Why should a Keynesian be against the minimum wage? What is the trillion dollar tab waiting for us to pick up? Watch this whirlwind episode, and let us know what you think in the comments!
Ep 50 - Brent Johnson: Has the Dollar Milkshake Spilled or Just Begun?
30:34Is the dollar heading to new heights or new lows? Brent Johnson of Santiago Capital joins the Gold Exchange Podcast LIVE in New Orleans! Listen to Brent discuss the historic rise of the DXY, the effects on (d)emerging markets, and how he sees a currency and sovereign debt crisis playing out. Will Powell be able to solve Triffin's Dilemma? Can foreign central banks escape the zugzwang position? Will the financial justice warriors finally be vindicated? Watch the full episode to find out!
Ep 49 - Lawrence Lepard: Fighting the Broken Monetary System
25:54Fix the money, fix the world. Larry Lepard, Managing Partner at Equity Management Associates and vocal sound money advocate, joins the Gold Exchange Podcast LIVE in New Orleans! Listen to Ben and Larry discuss the Fed's doom loop, the dollar parabola problem, and what investors might consider as their monetary escape hatch.
Ep 48 - Peter Boockvar: What Will Cause the Fed to Pivot?
16:51Chief Investment Officer of Bleakley Financial Group Peter Boockvar joins the Gold Exchange Podcast LIVE at the 2022 New Orleans Investment Conference to discuss market dynamics, the Fed pivot, unemployment and more! What's in store for the DXY, Yen and precious metals? Is the Fed pivot a question of when and why, not if? Can unemployment numbers remain low?
Ep 47 - Lobo Tiggre: The Future of the Dollar, Gold, and Commodities
29:36Lobo Tiggre joins Ben and Keith LIVE in New Orleans for a special edition of the Gold Exchange podcast. Lobo is the founder and CEO of Louis James LLC, and the principal analyst and editor of IndependentSpeculator.com. Lobo breaks down why the tech sector will be hit hard by the "banana", why the inevitable does not mean the imminent, and what a changing dollar price will do to commodities. This episode is jam packed with thought provoking discussion, breaking news, and expert predictions, so do not miss it!
Ep 46 - James Dow and Glen Whitman: Economics of the Undead
57:10In the last installment of our Zombie Month series, we welcome James Dow and Glen Whitman onto the Gold Exchange Podcast. James and Glen are professors of finance and economics at CSUN. James and Glen discuss the Economics of the Undead. What should you pack for the zombie apocalypse? Are vampires the best immortal investors? What would be money in a zombie pandemic? Listen to Ben, Keith, James, and Glen get into everything from zombie insurance to undead investing.