"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control). Where is the US now? 129% debt-to-GDP." — Jesse Myers Don't miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power... and you have a recipe for fire. Hope you aren't invested in wood... Check out the article and the many other great links mentioned in the show: The Bondholder's Burning Platform - by Jesse Myers: https://www.onceinaspecies.com/p/the-bondholders-burning-platform The Capital Strip Mine: https://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1 Read_587 - Bitcoin & The American West: https://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283 Read_512 - Why The Yuppie Elite Dismiss Bitcoin: https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8 A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy ------------------------------- "All that is gold does not glitter, Not all those who wander are lost." — J.R.R. Tolkien --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state defeated its overlord, especially at the apex of its global power." — Alex Gladstein For Independence Day and for all those travelers out there I'm bringing back an absolutely amazing piece by the one and only Alex Gladstein. If you haven't heard it, then you are welcome for bringing it back. If you have heard it already... then you are welcome for bringing it back Link to the original where you'll also find Gladstein's other great works: https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea HAPPY 4TH! A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • Debit card with Sats Back on EVERYTHING: bitcoinaudible.com/fold ⁠⁠⁠⁠⁠⁠⁠• Buy Bitcoin at https://swanbitcoin.com/guy ------------------------------- “The price of freedom is eternal vigilance." — Thomas Jefferson --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message