James Lavish joins me to discuss the current financial situation of the U.S., the effects of the debt spiral, how the fiat system is showing its vulnerabilities, the LDI crisis of the UK, and how Bitcoin can provide the ultimate solution.James Lavish began his career as an institutional investor. Now, he is the co-Managing Partner of the Bitcoin Opportunity Fund. He is the author of the popular newsletter “The Informationist.” // GUEST //Twitter: https://twitter.com/jameslavish/Newsletter: https://jameslavish.substack.com/ // SPONSORS //In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Ledn: https://www.ledn.io/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Join Me at Bitcoin 2023 in Miami (use discount code BREEDLOVE): https://b.tc/conference/Casa (use discount code BREEDLOVE): https://keys.casa/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE //00:00:00 - Coming up00:01:00 - Intro00:02:33 - Helping Lightning Startups with In Wolf's Clothing00:03:20 - Introducing James Lavish00:05:09 - How James Got into Bitcoin00:08:25 - Bitcoin is the Only Decentralized Protocol00:11:32 - The Significance of Inflation00:12:44 - The Analysis of the Current Financial Crisis00:15:48 - What is a Debt Spiral00:17:06 - The Effect of the Debt Spiral00:19:09 - The “Countermeasures” to the Debt Spiral Effect00:21:42 - Secure Your Bitcoin Stash with The iCoin Hardware Wallet00:22:38 - Do More with Your Digital Assets with Ledn00:23:23 - The Infected Fiat System00:25:38 - The Pension Fund Problem00:28:14 - The UK LDI Crisis00:32:28 - Symptoms of the Infected Fiat System00:34:15 - Why The U.S. Treasury Plans to Borrow $932 billion00:36:15 - No Feasible Solution to the Debt Spiral Problem00:38:32 - Bail-In: Definition and Role in a Financial Crisis00:42:12 - Take Control of Your Healthcare with CrowdHealth00:43:13 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet00:43:49 - A Chance to Win Discounted Tickets to the Bitcoin 2023 Conference and 10M SATS00:44:43 - Hold Bitcoin in the Most Secure Custody Model with Casa00:45:32 - The Debt Spiral Situation of the United States00:48:23 - The Pattern of Liquidity Crisis00:49:52 - Positive Aspects of the Debt00:51:21 - The Problem Lies with the Current Financial System 00:52:36 - What is a Credit Default Swap00:55:36 - The Trillion-Dollar Coin Loophole00:58:10 - What Happens When a Nation Defaults01:00:22 - Bitcoin is the Ultimate Solution to Hyperinflation01:01:30 - Vision of a Bitcoinized World01:02:35 - Bitcoin Needs to Gain Psychological Confidence01:04:08 - Where to Find James’ Work// PODCAST //Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101// WRITTEN WORK //Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ // SOCIAL //Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22