The Debt Tsunami with Caitlin Long
SHOW NOTES:
https://www.whatbitcoindid.com/podcast/the-debt-tsunami
Caitlin Long is the Founder and CEO of Custodia bank. In this interview, we discuss the financial system's instability, the impact of COVID-19, and the role of the Federal Reserve. We talk about the different types of banks, the stability of the banking system, the history of debt reduction by US presidents and the role of interest rates. The podcast also covers the power of federal bank regulators, the divide among Americans on various social issues and the potential of Bitcoin.
THIS EPISODE’S SPONSORS:
Iris Energy - https://irisenergy.co/
Wasabi - https://www.wasabiwallet.io/
Ledger - https://www.ledger.com/
Unchained - https://unchained.com/
Orange Pill App - https://www.theorangepillapp.com/
SUPPORT THE SHOW:
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
→ https://www.whatbitcoindid.com/sponsorship/
TIMESTAMPS:
00:00:00 Debt Tsunami; bank risk
00:12:30 Dishonest money
00:23:23 Crisis coming; wealth gap
00:37:23 Banks & stablecoins; Fed blocking innovation
00:46:36 Corruption, centralisation, & candidates
01:03:41 Keep fighting D.C. corruption
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/learn-bitcoin
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
#Bitcoin #Finance #Economics
****
“We will hit an insolvency in the US at some point…we’re nowhere near as the naysayers think we are, now that said, it could happen tomorrow because the financial system is that unstable.”
— Caitlin Long
Caitlin Long is the Founder and CEO of Custodia bank. In this interview, we discuss the financial system's instability, the impact of COVID-19, and the role of the Federal Reserve. We talk about the different types of banks, the stability of the banking system, the history of debt reduction by US presidents and the role of interest rates. The podcast also covers the power of federal bank regulators, the divide among Americans on various social issues and the potential of Bitcoin.
- - - -
The COVID-19 pandemic has undeniably shaken the financial world. The Federal Reserve played a crucial role in stabilizing the banking system during this period. As with many other central banks, the Fed printed large amounts of money. However, we are still dealing with the serious consequences of the measures taken: high inflation has been generated, long-term treasuries have seen historic sell-offs, and there are concerns over the impact on the US Dollar.
In this podcast with the Wall Street veteran Caitlin Long, we discuss the banking system in the wake of the unprecedented economic events that occurred as a result of the pandemic. We cover the significance of the separation of banking and commerce, and the differentiation between community banks, regional banks, and global systemically important banks. Caitlin explains the interplay between counterparty credit risk, bank runs and banking insolvency.
We discuss the price of borrowing money, which Caitlin views as being the most important price in the economy. It determines how capital is allocated across time and industries. However, A good price of capital is hard to determine, and this price is often manipulated. Further, there has been a recent shift in focus from making money to wealth preservation in light of the devastating effects of inflation on people's lives, which materially affects capital markets.
We also cover Caitlin’s firm Custodia Bank and their Bitcoin custody platform. Despite concerns about the banking system, Caitlin explains that she is building a bank because she believes traditional finance and Bitcoin need to coexist. She discusses the need for a bridge between the two systems to ensure they don't harm each other, whilst marrying their respective attributes: the strong customer protections that come from being a bank with the best form of money.
-
2:39:16
Mr Obnoxious
1 month agoWhat Bitcoin Did with Jack Mallers, Matt Odell, & Harry Sudock
5241 -
LIVE
Alex Zedra
1 hour agoLIVE! Scary Game Night AGAIN
1,534 watching -
1:25:47
Glenn Greenwald
9 hours agoProf. John Mearsheimer On Israel, Iran, Lebanon, and Widening War in the Middle East | SYSTEM UPDATE #346
45.4K59 -
2:13:40
Roseanne Barr
4 hours agoThe Deep State Hit List with Ivan Raiklin | The Roseanne Barr Podcast #68
71.7K114 -
9:35
Colion Noir
4 hours agoViral Tiktok Lady Claims To Have The Solution To Gun Violence, You Won't Believe This
11.2K49 -
LIVE
Danny Haiphong
6 hours agoBen Norton: Hezbollah REPELS Israel's Ground War, IDF STRIKES Russia Air Base–Is WW3 Next?
899 watching -
DVR
Flyover Conservatives
21 hours agoPort Shutdowns Paralyzing Global Trade: What You Need to Know - Clay Clark | FOC Show
10K -
LFA TV
17 hours agoKamala’s Triple Whammy: Flooding, Port Strikes and War | Trumpet Daily 10.3.24 9PM EST
7.5K6 -
46:23
Donald Trump Jr.
10 hours agoJD Shows why He was the Perfect VP Pick, my Full Reaction | TRIGGERED Ep.179
86.9K160 -
LIVE
Right Side Broadcasting Network
2 days agoLIVE REPLAY: President Trump to Hold a Rally in Saginaw, MI - 10/3/24
5,694 watching