Thanks to our friend Mike Fay at
for another riveting appearance on his show. You’ll find the two-part episode here-After many of the non-consensus arguments from our 10/22 video became more well known, we realized that it was beyond time to get together again. We connected for a spicy conversation that touched on several different topics; each of which I believe readers here will find interesting. Grab a bourbon and a cigar for this one.
Part 1
In part one, we revisited some of the old points we made back in October 2022 and covered some of the major developments since that time:
• Lack of meaningful outrage from the March bank bailout
• Fed pivot or no pivot?
• TradFi bros avoiding gold
• Gresham’s law in currencies
• Inflation or deflation?
• Why gold and bitcoin both work as system hedges
• Dave Portnoy buying back Barstool Sports from PENN 0.00%↑ for $1
• Polarizing initiatives diminishing returns at Disney DIS 0.00%↑ , Anheuser-Busch Inbev BUD 0.00%↑ , and BlackRock BLK 0.00%↑ CEO Larry Fink walking back his commitment to ESG
• The low tolerance among the populace for a return of COVID mask theater and broad economic lockdowns
Part 2
• Tom Luongo’s Federal Reserve vs World Economic Forum theory
• Were the crypto banks targeted in March?
• Rugged individualism in 2023
• Playing around with AI tools and their obvious limitations
• Thoughts on political candidates as we inch closer to a potential 2024 election
• How the magic juice produced by companies like Pfizer PFE 0.00%↑ and Moderna MRNA 0.00%↑ has created a new generation of "anti-vaxxers”
I still think nothing will age as well as the 10/22 video (only time will tell), but this one had me wondering if I was being a little too candid. Enjoy!