Preview Mode Links will not work in preview mode

Bitcoin & Markets

Sep 30, 2023

Bitcoin & Markets: Macro, money, geopolitics and news


In this episode, I discuss collateral re-use and collateral multiplier. Similar to Fractional Reserve Banking, collateral rehypothication creates a hyper-elastic environment for US Treasuries, in good times. In bad times, this behemoth takes time to turn, but when it does collateral chains start to shorten and their is a move into the primary market for US Treasuries. This causes rates to at first look like a dollar shortage and turn into a collateral shortage, a certain period prior to credit events or recession. Right now, with rates still going up, we can know the shadow banking system has not turned yet, and we have at least 6-12 months left before a recession will hit. Enjoy.

Thanks for listening. If you are reading this, hit the like and subscribe button in your podcast app or on Youtube or Rumble! 

Full write up and charts

Link to tweet:

Link to paper mentioned:




FREE weekly newsletter

Value 4 Value:
Fountain app:


Cash App:$AnselLindner

Disclaimer: The content of Bitcoin & Markets shall not be construed as tax, legal or financial advice. Do you own research.

#bitcoin #macro #geopolitics