Macro Mayhem Masterclass

Money is more than paper—it's a tool for settling payments, physical or digital. The system runs entirely on trust; without it, we're back to bartering chickens.

A modern bank is less a vault, more a digital ledger. Bank runs now happen via apps, not queues on the sidewalk.

US dollars held outside the US in an unregulated, reserveless system. They provide crucial liquidity for global trade and make the US dollar the world's reserve currency.

Strength is short-term price moves. Dominance is structural power—the dollar as the global reserve currency.

Bretton Woods created a gold-backed dollar system. Robert Triffin predicted the fatal flaw: supplying the world with dollars would drain US gold reserves.

Going deeper into the shadowy offshore dollar system. How Eurodollars dictate global events and why understanding this system is critical.

Nixon closed the gold window. The dollar became fiat, backed by vibes and Treasury debt.

We replaced gold with vibes, outsourced dollar creation to shadow banks, and now the Fed runs global daycare.

The most powerful, least understood institution in modern economics. Fed tools include rate manipulation, QE/QT, and emergency lending.

QE is technically not money printing—it's an asset swap creating bank reserves. But psychologically and functionally, it behaves like money printing.

From Truman to Trump, the record is clear: independence is theater. The Fed is dependent on the political calendar, not data.

Real inflation = too much money chasing the same goods. Fakeflation = temporary price hikes from supply shocks.

Why your million-dollar yacht is "cheaper" than a rowboat. Hedonic quality adjustments are how economists adjust inflation numbers when products improve.

The most boring thing in crypto has morphed from a quirky market hack into a structural lifeline for Uncle Sam's borrowing habit.

Data, odds, and surprises from the betting markets. Breaking down election odds, where value exists, and where bets were placed.