“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of global debt ever in human civilization." - Arthur Hayes
Our macro situation is teeter between Financial Armageddon on the one hand, if governments and central banks let interest rates rise, and possible war and revolution on the other, if they hyperinflate their currencies to absolve them of their debts. Is there anything that can protect us from this terrible situation? How on earth do you build a portfolio in such an environment?
Today we read, Arthur Hayes's amazing piece from the BitMex blog, "Pumping Iron":
https://blog.bitmex.com/pumping-iron/
Don't forget to read/listen to his other great piece mentioned "Choose Your Fiction":
https://bitcoinaudible.com/?p=3907
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