Episode notes
James Lavish is a former hedge fund manager, now co-managing partner of the Bitcoin Opportunity Fund, board director of Strive, and author of The Informationist newsletter.
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TIMESTAMPS
00:00 - $40T debt, quiet part out loud
01:04 - Global bond yields, warning signs
08:45 - Nominal growth vs real growth
10:51 - Why saying inflation out loud matters
12:22 - Central banks want market control
14:04 - Why people believe the fiat story
16:25 - Why inflation is not normal
26:36 - Four exits: spending, taxes, default, inflate
33:25 - Japan’s yen defense
39:38 - Soft default mechanics
42:33 - Contagion risk, how systems break
48:52 - Repo crisis 2019
53:12 - Bitcoin as the escape hatch
58:08 - Paper Bitcoin, ETFs, SATA, strategy
1:14:35 - When not owning Bitcoin becomes risky
1:19:38 - What James watches next
ℹ️ EPISODE SUMMARY
Bram Kanstein and James Lavish discuss why politicians are now saying the inflation plan out loud. They map how $40T debt, rising bond yields, and “bond vigilantes” squeeze the Treasury into perpetual debasement. They confront nominal GDP talk, fiat obfuscation, and why most people misread inflation as normal. They trace contagion risk, repo stress, and what a failed Treasury auction would mean. They frame Bitcoin as an opt-out, not a get-rich trade.
