65 episodes

Fed Watch is a weekly podcast with Bitcoin Magazine's Podcast Editor CK and Historian/Economist Ansel Lindner of Bitcoinand Markets.com.

Ck and Ansel interview the best analysts, traders, and thinks in both Macro economics and Bitcoin as well as give the audience their takes of important news and press conferences in the macro space.

This is the perfect podcast to learn about and stay on top of Bitcoin, Macro Economics, and the world at large.

Fed Watch - Bitcoin and Macro BTC Media

    • Technology

Fed Watch is a weekly podcast with Bitcoin Magazine's Podcast Editor CK and Historian/Economist Ansel Lindner of Bitcoinand Markets.com.

Ck and Ansel interview the best analysts, traders, and thinks in both Macro economics and Bitcoin as well as give the audience their takes of important news and press conferences in the macro space.

This is the perfect podcast to learn about and stay on top of Bitcoin, Macro Economics, and the world at large.

    Fed Breaks Ranks with ECB, European Debt Crisis 2? - FED 71

    Fed Breaks Ranks with ECB, European Debt Crisis 2? - FED 71

    After a week off due to illness, we’re back with a new episode of Bitcoin Magazine’s “Fed Watch'' podcast. In this one, Christian Keroles and I sit down to talk about the mysterious competitive world of central banking. Topics include Powell’s reappointment and, funnily enough, what it means for the ECB. There is an epic pivot in loyalties happening right now, as the Fed takes to heart its role as the US central bank and distances itself from a responsibility to Europe.
    0:00 Welcome to Fed Watch #71
    1:30 Comparing US Inflation to the ECB and BOJ
    2:55 Tom Luongo the next Fed Watch Guest
    3:38 Reappointing Jerome Powell as Federal Reserve Chairman
    7:33 Central Banks Adressen Stabl eCoins, Bitcoin And Crypto Assets
    12:37 The ECB and Central Bank digital Currencies
    13:07 Europe is under Pressure
    16:53 Bitcoin can Benefit from The current Situation in the EU
    18:28 Speculative Attacks with Bitcoin
    22:36 Europe in the weakest Makro Position
    23:45 The Current Bitcoin Price Action
    28:51 Go Follow: @AnselLindner & @Ck_Snarks
     
    We start the episode with our first trivia winner. I wanted people to answer the question, if central bank balance sheets matter, why are the ECB and BOJ’s inflation rates lower and balance sheets higher relative to GDP than the US’s? Mitch (@wittyusername30) had the best answer. Congratulations. To paraphrase: central banks don’t print money, they swap inert reserves for useful collateral. This has a deflationary pressure on the economy. Powell gets renominated as Chairman Powell was renominated by Biden for Fed Chairman, winning out over his competition, Lael Brainard. Several reasons were cited, like Powell's path through Senate confirmation is much easier, while Lael might meet with a split vote along partisan lines in a 50/50 Senate. Also, officials said Powell was being “rewarded” with another term for successfully shepherding the economy through the 2020 Covid recession. I view this appointment as having a deeper meaning.
    1) We’ve talked at length on this show about Powell’s refusal to go along with the Central Bank Digital Currency (CBDC) hype. Other central banks are pushing hard for CBDC, and Powell continuously splashes cold water on that idea. This symbolizes a break with globalist interests in favor of American banking interests.
    2) Powell has faced rising Progressive opposition from Congress. Crazies, like Sen. Elizabeth Warren, have attacked him because he is not dovish enough and not buying into the Fed’s role in climate policy. His reappointment is a repudiation of sorts against Progressives and their toxic ESG initiatives.
    3) Lael is the more globalist-friendly choice. Powell symbolizes a break with globalists to a more America-centric policy. ECB Regulation and Panic Next, we jump right into ECB news. This week they released a new regulatory framework for electronic payments. The Eurosystem will use the new framework to oversee companies enabling or supporting the use of payment cards, credit transfers, direct debits, e-money transfers and digital payment tokens, including electronic wallets. The PISA framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet. ECB Press Release This stands in stark contrast to the US, where the White House and Treasury tried to carve out a bitcoin exception in the recent Infrastructure Bill, which ironically was thwarted by altcoiners wanting to protect scams that are Decentralized In Name Only (DINOs). The ECB is scared that the Euro will lose market share in the years to come, whittling away their “monetary sovereignty”. They want to block competition from dollar stablecoins and bitcoin, while at the same time provide the market with a digital Euro. A digital Euro the market hasn’t seen fit to provide itself by the way. It was during the peak of EDC1,

    • 31 min
    Central Banks Clueless, Inflation and Growth - FED 70

    Central Banks Clueless, Inflation and Growth - FED 70

    In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sat down to give an update on Fed news and central bank activity around the world. Topics in this episode include, people at the Federal Reserve and their positions, the Fed Stability Report, Treasury curve update and inversions, the inflation narrative, ECB and BoJ updates, and of course, bitcoin.
    Bitcoin Day Kansas City First, Christian and I debriefed the recent Bitcoin Day event in Kansas City where I spoke about the end of the dollar system as we know it. It was a great event, with another one coming up in Sacramento early next year. I might try getting one down in Jacksonville next year as well, so be watching out for that.
    Fed News Next, we jump right into Fed news, starting with the resignation of Quarles. This was kind of a surprise since he had over 10 years left in his term. He has recently faced some backlash from progressive members of Congress, along with Powell, as slightly more hawkish members of the Fed who ignore MMT (modern monetary theory) nut-jobs. 
    This resignation has a chess move aspect to it. Brainard, who has recently been threatening to take Powell’s job as Chairman, was first favored for Quarles’ position as Head of Supervision. With him gone, Brainard now has an easy path to simply fill that role, leaving Powell basically uncontested for the Chairman reappointment.
    These moves might seem insignificant to those who are unaware of the shifting tide within the central bank elite. Most central bankers around the world are looking to MMT and CBDCs (central bank digital currencies) as a way to break out of the debt trap and deflationary environment which the world finds itself in. Powell has the most important central bank job in the world. He has been standing in the way of that dangerous agenda. In a similar fashion to a geopolitical realignment, from NATO to AUKUS, Powell appears to represent the same division, from global concerns to national, within the central bank elites.
    Fed Stability Report This week the Federal Reserve published their biannual Stability Report. This report is meant to increase transparency of the Fed, to show the public what they are paying attention to, and what could possibly affect their monetary policy going forward. The main highlights from the report is the Fed’s warning about a rising risk to risk assets. Of course, the mainstream financial press is going to hop on that with their usual gusto.
    Another interest warning from the report was about Evergrande and the rising risk of contagion out of China. We’ve been way ahead on this, talking about this very situation for months now. We all know the horrible shape that the Chinese economy is in, and that is slowly working its way into the mainstream investor consciousness.
    My prediction, based on the fact that this report came at basically the same time as the taper announcement, is that the Fed is setting up a scapegoat for when they have to eventually halt or reverse course on the taper. They will blame their “policy error” on China and the sheer power of their monetary policy. It’s comical. Their monetary policy literally does nothing, else we’d have no problems to worry about.
    US Yield Curve Next we talk about yield curves. We aren’t experts on the bond market, but we know that the bond market is much smarter than we are, and much smarter than the Fed. I highlight that the 20-year and 30-year yields are still inverted, along with the 5-year and 10-year breakevens. The latter being the most inverted in history!
    This should tell us that all is not well with this recent market action. Inflation expectations in the future are mixed, signaling a severe retracement in the “recovery” and the CPI.
    The inflation narrative is going rabid. It’s gotten to the point where people are making fun of the transitory stance despite all signs to the contrary. It’s as if the critics haven’t looked at a chart rece

    • 54 min
    The Interest Rate Fallacy with Dylan Leclair - FED 69

    The Interest Rate Fallacy with Dylan Leclair - FED 69

    In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sat down with Dylan LeClair of Bitcoin Magazine’s Deep Dive once again. Dylan is one of the most familiar people with the niche between market technicals and bitcoin fundamentals. It was great to pick his brain over the current Federal Reserve taper and environment in which they are cutting rates. I include as many of the charts we talk about below, but you can also check out the episode on YouTube to see our screen shares.
    Dylan was nice enough to share the link directly to his slides here, or check below in the LINKS section.
    If you are in the Kansas City area, come out to Bitcoin Day to meet some bitcoiners, listen to some great talks, and network in the bitcoin space. Check out Bitcoinday.io.
     
    LINKS Bank of Canada ends QE bond buying program, a sign that higher rates are coming https://www.cbc.ca/news/business/bank-of-canada-decision-1.6226796
     
    Bank of England: Four scenarios for the November meeting https://think.ing.com/articles/bank-of-england-four-scenarios-for-the-november-meeting
     
    Economic growth rate slows to 2% on a sharp slowdown in consumer spending https://www.cnbc.com/2021/10/28/us-gross-domestic-product-increases-at-2point0percent-annualized-pace-in-q3-vs-2point8percent-estimate.html
     
    Predictit.org for Fed Chairman https://www.predictit.org/markets/detail/7398/Whom-will-the-Senate-next-confirm-as-Chair-of-the-Federal-Reserve
     
    Dylan’s Slides
    https://docs.google.com/presentation/d/1zsFh4dn3_RgCa2rvH7gE82nPiM_Z48NT2sjfcpqK4FM/edit?usp=sharing
    ---------------------------------------------
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    "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!
    Get 1 Month free with promo code: PODCAST
    https://deepdivebtc.substack.com/01e06e79
     
    Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022
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    • 58 min
    Bonds, Inflation, and Bitcoin with Sam Rule - FED 68

    Bonds, Inflation, and Bitcoin with Sam Rule - FED 68

    In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sit down with Sam Rule for the first time. Sam is a new addition to the Bitcoin Magazine team, researching and writing on their Deep Dive letters and series. His areas of interest are macro and long-term debt cycles, so, we tackle topics like monetary vs fiscal policy, Federal Reserve taper, inflation vs deflation, CPI, labor market, and bond market. He provided a great slide deck of charts where we focus much of the discussion, you can find those here or at the link below, or watch along on YouTube.
    ---------------------------------------------
    Bitcoin Magazine is back in print!
    Get Bitcoin Magazine shipped directly to your front door!
    Get 21% off with promo code: MAG21
    https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription
     
    "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!
    Get 1 Month free with promo code: PODCAST
    https://deepdivebtc.substack.com/01e06e79
     
    Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022
    Get 15% off tickets with promo code: MAG21
    https://b.tc/conference/

    • 1 hr 2 min
    Powell Under Fire, Renominated or Replaced? - FED 67

    Powell Under Fire, Renominated or Replaced? - FED 67

    In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I get you up-to-speed on Jerome Powell’s reappointment as Chairman of the Federal Reserve, the recent leaks as an attempt to sabotage that reappointment, and news and the current state of monetary policy at the European Central Bank (ECB) and the Bank of Japan (BoJ). Next, we have a lengthy conversation about the geopolitical developments as they pertain to the US, Europe, and the shift to the Pacific, tying in bitcoin as part of the coming great game. Of course, we cover the Bitcoin ETF (BITO) that launched this week. It’s a little bit of a different episode, kind of a “this is where we are in the world of central banking” discussion.
    ---------------------------------------------
    Bitcoin Magazine is back in print!
    Get Bitcoin Magazine shipped directly to your front door!
    Get 21% off with promo code: MAG21
    https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription
     
    "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!
    Get 1 Month free with promo code: PODCAST
    https://deepdivebtc.substack.com/01e06e79
     
    Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022
    Get 15% off tickets with promo code: MAG21
    https://b.tc/conference/

    • 54 min
    Valuing Bitcoin Using Sovereign Credit Default Swaps with Greg Foss - FED 66

    Valuing Bitcoin Using Sovereign Credit Default Swaps with Greg Foss - FED 66

    In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian and I welcome back Greg Foss to the show to discuss his new articles he’s written on Bitcoin Magazine about Evergrande from a professional in the high yield credit space. We get to know Greg a little better in this one and discuss, not only the facts of the matter on Evergrande and high yield, but also his beloved Canada and some predictions of the future.
    ---------------------------------------------
    Bitcoin Magazine is back in print!
    Get Bitcoin Magazine shipped directly to your front door!
    Get 21% off with promo code: MAG21
    https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription
     
    "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!
    Get 1 Month free with promo code: PODCAST
    https://deepdivebtc.substack.com/01e06e79
     
    Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022
    Get 15% off tickets with promo code: MAG21
    https://b.tc/conference/

    • 50 min

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