$35 Trillion in the Red

<p>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. </p> <p><strong>Affiliate LINKS:</strong></p> <ul> <li>🇺🇸 <a href="https://partner.river.com/jupiter">Buy Sats on River</a> - The best way to stack in the US</li> <li>🇨🇦 <a href="https://www.bitcoinwell.com/jupiter">The Bitcoin Well</a> - An amazing automatic self-custody Bitcoin platform</li> <li>⚡ <a href="https://app.thebitcoincompany.com/signup?ref=JUPITER">The Bitcoin Company</a> - Spending your Bitcoin Via Lightning</li> <li>🏦 <a href="https://use.foldapp.com/r/XNHPXTFC">Fold Card</a> - Pay bills Stack Sats</li> <li>💵 <a href="https://borrower.saltlending.com/register?referralCode=GkPQdbqWG">SALT Lending</a> - Get access to your BTC Value w/out Selling</li> </ul> <p><strong>Links:</strong> </p> <ul> <li><a href="https://x.com/KobeissiLetter/status/1818386268545245234">The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.</a></li> <li><a href="https://x.com/KobeissiLetter/status/1818050246242365893">All while deficit spending as a percentage of GDP is currently at World War 2 levels</a></li> <li><a href="https://x.com/FinanceLancelot/status/1818595449185419742">Bloomberg just confirmed businesses are warning investors they're unable to pass on costs to the consumer anymore.</a></li> <li><a href="https://x.com/charliebilello/status/1818664102241144905">A week ago we saw the biggest one-day drop for the S&P 500 since December 2022</a></li> <li><a href="https://home.treasury.gov/news/press-releases/jy2512">Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh Frost</a></li> <li><a href="https://www.bnnbloomberg.ca/investing/2024/07/31/us-plans-to-hold-note-bond-sales-steady-for-several-quarters/">US Plans to Hold Note, Bond Sales Steady for ‘Several Quarters’</a></li> <li><a href="https://www.youtube.com/watch?v=z7lOcJqZEl4">'We Did It—Congratulations': David Schweikert Decries US Reaching $35 Trillion In National Debt - YouTube</a></li> <li><a href="https://www.zerohedge.com/markets/fomc-18">Hawkish FOMC 'Still Waiting For Greater Confidence' On Disinflation</a> </li> <li><a href="https://www.zerohedge.com/markets/quarterly-refunding-treasury-hold-bond-note-sales-steady-several-quarter-will-modestly">Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For "Several Quarters", Will "Modestly Increase" Bill Offering Size</a></li> <li><a href="https://bitcoinmagazine.com/politics/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony">Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony</a> </li> <li><a href="https://www.congress.gov/bill/118th-congress/senate-bill/4155/text">Lummis-Gillibrand Payment Stablecoin Act</a> </li> <li><a href="https://store.bitcoinmagazine.com/products/the-bitcoin-dollar-book">The Bitcoin-Dollar</a></li> <li><a href="https://cryptoslate.com/insights/tether-holds-more-us-treasuries-than-germany-ranks-19th-globally/">Tether holds more US Treasuries than Germany, ranks 19th globally</a> </li> <li><a href="https://www.lummis.senate.gov/press-releases/lummis-announces-revolutionary-proposal-to-supercharge-the-dollar-bolster-u-s-economy/">Lummis Announces Revolutionary Proposal to Supercharge the Dollar, Bolster U.S. Economy » Senator Cynthia Lummis</a></li> <li><a href="https://www.youtube.com/watch?v=_Ou_oxWsCcc">Cynthia Lummis Unveils Bitcoin Strategic Reserve Bill - YouTube</a></li> <li><a href="https://x.com/SenLummis/status/1817302883894722687">Senator Cyn…</a></li> </ul>