73: Gain-of-Function Monetary Policy

<p>The jobs myth collapsed overnight. The Fed’s the fall guy, and Scott Bessent’s hint is loud and clear: buy Bitcoin.</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>Show Notes</strong></p> <ul> <li><a href="https://legalinsurrection.com/2025/09/bls-revises-job-growth-down-by-911000-between-april-2024-and-march-2025/">BLS Revises Job Growth Down by 911,000 Between April 2024 and March 2025</a></li> <li><a href="https://www.hr-brew.com/stories/2025/09/10/910000-fewer-jobs-bls-revisions">Employers added 910 fewer jobs than initially estimated, per BLS revision</a></li> <li><a href="https://www.reuters.com/business/us-payrolls-benchmark-revision-estimate-suggests-labor-market-weaker-than-2025-09-09/">US payrolls benchmark revision estimate suggests labor market weaker than previously thought</a></li> <li><a href="https://www.international-economy.com/TIE_Sp25_Bessent.pdf">PDF: The Fed’s New “Gain-of-Function” Monetary Policy</a></li> <li><a href="https://thehill.com/business/5495567-august-wholesale-prices-deflated/">Wholesale prices fell unexpectedly in August</a></li> <li><a href="https://www.businessreport.com/article/us-wholesale-prices-decelerated-in-august">US wholesale prices decelerated in August</a></li> <li><a href="https://www.cnbc.com/2025/09/10/ppi-inflation-august-2025-.html">PPI inflation August 2025: Prices unexpectedly declined 0.1%</a></li> <li><a href="https://jdstaerk.substack.com/p/we-just-found-malicious-code-in-the">Anatomy of a Billion-Download NPM Supply-Chain Attack</a></li> <li><a href="https://x.com/P3b7_/status/1965094840959410230">🚨 There’s a large-scale supply chain attack in progress</a></li> <li><a href="https://x.com/P3b7_/status/1965336272550899932">Charles Guillemet on X: "Update on the NPM attack: The attack fortunately failed, with almost no victims.🔒 </a></li> <li><a href="https://x.com/BTCsessions/status/1965213302612787456?t=AoE0dwnNBhS7nZad3p5Hew">BTC Sessions 😎 on X: Confirmed unaffected NPM attack</a></li> <li><a href="https://www.youtube.com/shorts/31Zljed-StM">Electricity costs are surging, and AI could supercharge demand. - YouTube</a></li> <li><a href="https://www.youtube.com/watch?v=iVGTGpKpykM">How AI infrastructure is driving a sharp rise in electricity bills - YouTube</a></li> <li><a href="https://www.youtube.com/watch?v=XcyFJ6KYoL0">Bitcoin can 'easily' get to $200,000 before year-end, says Fundstrat's Tom Lee - YouTube</a></li> <li><a href="https://cointelegraph.com/news/us-lawmakers-seek-treasury-report-ironing-out-details-bitcoin-reserve">Congress bill mandates Treasury report on strategic bitcoin reserve</a></li> <li><a href="https://finance.yahoo.com/news/u-congress-demands-90-day-115830035.html">U.S. Congress Demands 90-Day Report on Strategic Bitcoin Reserve Security</a></li> <li><a href="https://bitbo.io/news/us-treasury-bitcoin-reserve/">US Treasury Given 90 Days to Outline Strategic Bitcoin Reserve</a></li> <li><a href="https://cointelegraph.com/news/us-lawmakers-seek-treasury-report-ironing-out-details-bitcoin-reserve">Congress bill mandates Treasury report on strategic bitcoin reserve</a></li> <li><a href="https://blog.getalby.com/lightning-channel-stats-h1-2025/">Lightning Channel Stats: H1 2025</a></li> <li><a href="https://www.youtube.com/watch?v=_Uhncw2BFdA">The Fed Will Make Bitcoin Worth Millions! - YouTube</a></li> <li><a href="https://x.com/MelMattison1">Mel Mattison (@MelMattison1)</a></li> </ul> <p><strong>MUSIC</strong></p> <ul> <li><a href="https://podcastindex.org/podcast/7216277?episode=33874518605">Hard Work [Live in Amsterdam] </a></li> </ul>