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Business Roundtable


Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech (AI, VR, Biotech, Chips, Electric Battery), Blockchain / Crypto, Real Estate, Legal, Vehicles, Franchising, Farming, Sales, Charity 

 

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Jun 15, 2021

BRT S02 EP24 (71) 6-13-2021 – Bitcoin, Bonds, Credit Markets and Reserve Currencies

Topic: Bitcoin, Bonds, Credit Markets and Reserve Currencies  

Guest: Greg Foss

What We Learned This Week

  • Bitcoin is Digital Energy
  • Bond and Debt Markets cannot hold up, way too much debt with Governments worldwide
  • Bitcoin could become Reserve Currency as Fiat currencies like the Dollar collapse
  • Credit Markets need to be monitored as an Investor
  • $900 Trillion Total Global Debt

 

Greg Foss Links: 

https://twitter.com/FossGregfoss   /    https://ca.linkedin.com/in/greg-foss-a553ab32

Bitcoin as Portfolio Insurance Paper - https://bitcoinmagazine.com/markets/executive-summary-why-every-fixed-income-investor-needs-to-own-bitcoin-as-portfolio-insurance

http://www.worldgovernmentbonds.com/cds-historical-data/

 

Greg Foss is a former credit trader, who has worked in finance and the bond markets for nearly 30 years. This talk is a breakdown a paper Greg recently wrote entitled – ‘Why Every Fixed Income Investor Should Needs to Own Bitcoin as Portfolio Insurance’.

 

 

He gives an overview of the credit markets, how bonds work, interest rates and inflation and US Treasury historical rates. Greg ties this to the overall market, currencies (fiat and hard assets), stocks and the effects current Government deficits have.

Greg tells every investor to pay attention to credit markets as they are indicators of what is going on with stocks. His belief is the US Dollar is dwindling as the reserve currency, and Bitcoin (not Gold) is the better hedge vs inflation.

Greg thinks Bitcoin will one day replace the US dollar as the reserve currency of the world. He goes further to give his insights on Bitcoin, the intrinsic value and where it will be in 10 to 20 years. 

 

Notes:

Value of time, energy of work.

Fiat defined

Bond basics and interest rates

Bitcoin basics – ‘digital energy’ – 1st low thermodynamics – energy stored.

Cash/gold as currency – Blockchain – no forgery – vs. gold (is it Tungsten?)

Bitcoin intrinsic value – 21 mil ‘hard’ cap of BC, equation

Credit default swaps market and how it applies

Devaluing a currency -  ‘debasement’ print more money and existing money  in market,( lower or decrease)  - more dollars to buy that house.          

Jeffery Gundlach – current Bond King, formerly it was Bill Gross of Pimco

All US credit and world – priced out of NY

Leverage – 10x leads to credit implosion in 2008.

Ratings Agency – S&P signs off on bad debt 2008.

Banks – levered 15-20x, fractional reserve swift system – takes days or weeks to settle. 

Credit markets & CD’s - $900 Trillion Total Global Debt    

Actual  intrinsic value -  90 TR / 21 million = 4.5 million / BC

Energy priced in BC and reserve asset of world

Always hedge the risks – manage risk

‘Volatility is the price of return’ – Bill Miller

BC volatility similar to Amazon stock – many draw downs over 20 years.

 

 

Crypto / Blockchain Topic:

https://brt-show.libsyn.com/category/Crypto-Bitcoin-Blockchain

 

Best of Blockchain / CryptoHere

 

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

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Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.