Fedwatch 136 - Is This the Big One? Credit Suisse Today, Who is Next??

<p>Hosts: Ansel Lindner and Christian Keroles</p> <p>Special co-host: Nolan Bauerle,<a href="https://twitter.com/countbtc"> @countbtc</a></p> <p>Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies. </p> <p>(Find all associated charts and links at <a href="https://bitcoinandmarkets.com/fed136">bitcoinandmarkets.com/fed136</a>)</p> <p>In<a href="https://youtu.be/RAIG4e_zKBI"> this episode</a>, we are joined once again by Nolan Bauerle to bring you reporting on this crazy week in bitcoin and macro. Of course, we cover Credit Suisse, their long history of corruption and current crisis. Next, we tie this into the US banking crisis that started with FTX, to Silvergate, then Signature, with Silicon Valley Bank also failing along the way. Lastly, we discuss February’s CPI and PPI out of the US to see if that can be added to an analysis of the global financial situation giving us a more clear picture of what is happening.</p> <p>Throughout the entire episode, I try to build a narrative that what we are seeing in the bank failures, bailouts, and CPI/PPI crashing is a deflationary story. This is a tale of credit tightness and collapse, bailouts notwithstanding. In this context, bailouts only confirm the dire state of the private financial system and lead to deeper tightness and stagnation.</p> <p>This episode goes perfectly in the entire multi-year theme of Fed Watch. While bitcoin is a hedge against inflation, we don’t find ourselves in an inflationary scenario. What we are living through today is the end of a multi-decade inflationary credit bubble, and what do all bubbles eventually do? They bust. That will look like a monetary shortage, not a monetary abundance.</p> <p>In these credit bust situations, money