The Bond Meltdown Ends In A Global Money Print

In this Global Macro Update, Nik explains why he believes the current global bond meltdown and liquidity contraction will end in a massive global money print. He walks through the global balance sheet, $600 trillion in real assets, $600 trillion in financialized assets, and $600 trillion of banking balance sheet, set against $350 trillion of debt and only $120 trillion of global GDP, and why that math makes repayment in today's dollars impossible. Nik covers why he expects the print in the United States to come from commercial bank lending rather than Fed QE, why the ECB and the Bank of England will have to print at the policy level, and what all of it means for bitcoin. The Bitcoin Layer and its guests do not provide investment advice.