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The Bitcoin Layer · Friday · 20 min

Central Banks Have Lost Control

In this episode, Nik welcomes back James Van Straten of CoinDesk for a conversation on the global bond meltdown and the fiscal crisis building in the United Kingdom. James explains why he thinks central banks have lost control, walking through the Bank of England's reversal on gilt sales and why moving that debt to the Treasury does not make it disappear. He covers why the UK housing market has gone no bid as short-term mortgages reset, and why the Bank of England will eventually have to hike to defend the pound. Nik and James also discuss bitcoin's rally and why AI may be the most deflationary force either has seen. The Bitcoin Layer and its guests do not provide investment advice.

0:00-20:28
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In this episode, Nik welcomes back James Van Straten of CoinDesk for a conversation on the global bond meltdown and the fiscal crisis building in the United Kingdom. James explains why he thinks central banks have lost control, walking through the Bank of England's reversal on gilt sales and why moving that debt to the Treasury does not make it disappear. He covers why the UK housing market has gone no bid as short-term mortgages reset, and why the Bank of England will eventually have to hike to defend the pound. Nik and James also discuss bitcoin's rally and why AI may be the most deflationary force either has seen.
The Bitcoin Layer and its guests do not provide investment advice.

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