BTC123: THE LEGACY BANKING SYSTEM IN SHAMBLES

W/ ALF PECCATIELLO

28 March 2023

Preston Pysh hosts financial expert, Alfonso Peccatiello, to discuss the crumbling legacy financial system and explore critical insights into the global economy, in this riveting episode of the podcast.

Subscribe through iTunes
Subscribe through Castbox
Subscribe through Spotify
Subscribe through Youtube

FOLLOW

Subscribe through iTunes
Subscribe through Castbox
Subscribe through Spotify
Subscribe through Youtube

IN THIS EPISODE, YOU’LL LEARN

  • Global perspectives and insights.
  • Twitter debates: QE returns or not?
  • Predicting the 10YR-2YR inversion’s future.
  • Dispelling Bitcoiners’ mistrust in the banking system.
  • The impact of immediate withdrawals on banks’ cash reserves.
  • Shadow banking and insurance companies under the microscope.
  • Piecing together the European inflation & bond yield puzzle.
  • Debating the debt spiral scenario.
  • From problem talk to finding solutions.
  • Forecasting the oil market: 6 months & 1 year outlooks.
  • Real estate and REITs in times of high debt and interest rates.
  • Unexplored insights: What’s being overlooked?
  • Examining inflation stickiness in today’s economy.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Preston Pysh: Hey everyone. Welcome to this Wednesday’s release of the Bitcoin Fundamentals Podcast. On this week’s episode, I have back Mr. Alfonso Peccatiello, better known as Macro Alf. During the show, we talk about all the excitement happening around the world with banking and the unprecedented actions happening by all central bankers.

[00:00:16] Preston Pysh: Alf is a former bond trader at a large cap bank and understands the plumbing and implications extremely well. We get into how the banking system works and what might come next with the spreading global impairment and what it might mean for Bitcoin and other asset classes. So without further delay, here’s my chat with Macro Alf.

[00:00:39] Intro: You are listening to Bitcoin Fundamentals by The Investor’s Podcast Network. Now for your host, Preston Pysh.

[00:00:58] Preston Pysh: Hey everyone, welcome to the show. I’m pumped to have Alf back here. You’re such a thoughtful thinker in how the legacy financial system works and fixed income, and I love those types of conversations. So welcome to the show, Alf.

[00:01:10] Alf Peccatiello: Preston, my pleasure to be here. And I guess a lot of people will be wanting to know what’s going on in the banking sector, what’s causing all this trouble, and so let’s see if my experience can help the audience understand a bit further what’s going.

[00:01:25] Preston Pysh: That’s exactly where I want to start is because you have such a depth of understanding of, of the legacy system. I guess my first question is just like, what’s your one over the world of everything that’s happening and prioritize, like this is one of the most important things that people really need to be focusing in on and and understanding because it has like all these other compounding effects beneath it.

[00:01:46] Preston Pysh: So where would you start?

[00:01:48] Alf Peccatiello: So look, I think money’s misunderstood at the higher level of management, even in the financial industry. Look, money in the traditional banking system, or in the traditional finance economy works as follows. There are different layers, and the safest form of money you can have in traditional finance is the liability of the government.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

BOOKS AND RESOURCES

NEW TO THE SHOW?

P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

SPONSORS

  • Invest in Bitcoin with confidence on River. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.
  • If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.
  • Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.
  • Get the professional support you need to prepare for your future career with UBC Sauder School of Business.
  • What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.
  • Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.
  • Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.
  • Let an expert do your taxes from start to finish so you can relax with TurboTax.
  • Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.
  • Have Commonwealth Private‘s Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy.
  • Support our free podcast by supporting our sponsors.

CONNECT WITH PRESTON

CONNECT WITH ALF

PROMOTIONS

Check out our latest offer for all The Investor’s Podcast Network listeners!

WSB + BFF + RWH Promotions

The Intrinsic Value Newsletter