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Podcast: The Peter McCormack Show
Episode: Debt Cycles & the Rise of Bitcoin with Greg Foss & Dylan LeClair - WBD374
Description: Location: Remotely Date: Thursday 15th July Company: Validus Power Corp, Bitcoin Magazine Role: Bitcoin Strategist, Director of Financial Markets & Research In Ray Dalio's video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give. The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the...