$35 Trillion in the Red

I discuss the macro mayhem this week and why it's time for Bitcoin to shine. I also explored the Bitcoin Reserve bill and tried Alby Hub & Cloud.

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Links:

• The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.


• All while deficit spending as a percentage of GDP is currently at World War 2 levels


• Bloomberg just confirmed businesses are warning investors they're unable to pass on costs to the consumer anymore.


• A week ago we saw the biggest one-day drop for the S&P 500 since December 2022


• Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh Frost


• US Plans to Hold Note, Bond Sales Steady for ‘Several Quarters’


• 'We Did It—Congratulations': David Schweikert Decries US Reaching $35 Trillion In National Debt - YouTube


• Hawkish FOMC 'Still Waiting For Greater Confidence' On Disinflation


• Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For "Several Quarters", Will "Modestly Increase" Bill Offering Size


• Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony


• Lummis-Gillibrand Payment Stablecoin Act


• The Bitcoin-Dollar


• Tether holds more US Treasuries than Germany, ranks 19th globally


• Lummis Announces Revolutionary Proposal to Supercharge the Dollar, Bolster U.S. Economy » Senator Cynthia Lummis


• Cynthia Lummis Unveils Bitcoin Strategic Reserve Bill - YouTube


• Senator Cyn…