MacroJack (@MacroJack21 on Twitter) is the author of “The Fiat Cave” Substack. In this episode, Mike sits down with MacroJack to talk about his journey in finance and how he became interested in Bitcoin. The episode covers topics such as macroeconomics, inflation, interest rates, and the Federal Reserve Bank.
01:00 - How did MacroJack get interested in finance?
05:35 - Financial Principles
07:00 - MacroJack’s start in auditing and journey to hedge fund and PE research
09:30 - Introduction to Bitcoin
10:30 - Running into Marty Bent
12:15 - What kept MacroJack interested in Bitcoin?
13:15 - Leaving NY and moving back home in 2020. Going further down the Bitcoin rabbit hole and spending more time on Twitter
15:00 - Expanding the money supply and inflation. Listening to “Macro Voices”
17:30 - How “money printing” works
20:20 - Questioning the validity of the Federal Reserve Bank
22:00 - Setting interest rates is like setting prices
23:00 - Housing market assessment & how difficult it is to purchase a home
26:45 - Gold ownership ban in 1933 and evaluating how savings methods changed over time. How interest rates changed throughout history.
30:30 - Will Bitcoin get banned? What would happen if so?
34:00 - Not your keys, not your coins.
36:00 - Benefits of Multisig.
37:10 - OnRamp as an alternative to exchanges
38:45 - MacroJack’s Bitcoin learning curve
40:30 - Altcoins vs. Bitcoin
43:00 - Do we have a free market in banking? Is fractional reserve banking legitimate?
45:20 - “The Fiat Cave” - Generational Wealth and Generational Health
54:00 - Fiat money and terrible nutritional advice
57:30 - Central planners and lack of critical thinking in the population
59:20 - General sense of apathy in the United States
1:02:30 - Life becoming more and more unafordable
1:05:30 - Productivity continues to go up, but people are having to work more and more. Closing remarks
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