Podcast and Chill #95
The Banking System; Blackrock; SBF behind bars
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“Few outside the banking world grasp the true importance of the Federal Home Loan Banks (FHLBs), whose collective loans to U.S. banks outpace the Federal Reserve’s by more than 10 to 1 as of summer 2023. Today Jack speaks to Michael Ericson, President of the Chicago Federal Home Loan Bank, and Dan Siciliano, chair of the Council of FHLBs and independent director of the San Francisco FHLB, about the FHLB’s mission, capitalization, and implicit government guarantee. Ericson and Siciliano argue that the declining advances from FHLBs to U.S. banks since May 2023 may indicate an easing of liquidity pressures in the U.S. banking system.”
“The endgame of all these currencies is hyperinflation, the Dollar, the Euro, the Yen… the Yuan, the Ruble, all of them; but I think when one of those currencies that’s run by more of a developed nation…that’s when everyone is forced to adopt bitcoin because it’s the only thing that works.” — Parker Lewis
“Lawyer Brian Klein joins the show to explain why Sam Bankman-Fried being locked up makes it “much tougher” for his legal team. This week, the judge presiding over the case said SBF went too far in attempting to intimidate key witnesses – chief among them former Alameda Research co-CEO (and ex-flame) Caroline Ellison. Will a jail cell change SBF’s defiant tune ahead of a hotly anticipated October trial date? Klein weighs in.”