Magsplaining
Japan has been the “monetary experiment lab” for decades and the consequences are rippling outward. In this episode, I’m joined by Roberto Rios (Peruvian Bull) to unpack Japan’s 1980s bubble, and how decades of financial repression set the stage for the yen carry trade. We break down why the carry trade exploded, and what it means when it unwinds for risk assets, bonds, bitcoin. We also connect the macro picture to hard assets: why physical markets in the East are pressuring gold/silver paper markets in the West, and how changing liquidity conditions could shape Bitcoin’s next phase. Finally, we tackle the big question: are Bitcoin’s 4-year cycles fading? TIMECODES00:00 Japan’s bubble was insane 05:00 Yen carry trade: how it works + why it got huge13:00 Zombie companies + why recessions matter17:15 Society effects: lost generation, wages, birth rate collapse25:00 Mt. Gox, Japan, and Bitcoin adoption + MetaPlanet30:00 East vs West: physical vs paper gold/silver + the “disconnect”38:00 What macro means for Bitcoin + cycles debate44:50 Liquidity, “stealth QE,” and what to watch next GUEST LINKS Guest: Roberto Rios / Peruvian Bull YouTube https://www.youtube.com/@peruvian_bull [https://www.youtube.com/@peruvian_bull] Substack https://dollarendgame.substack.com/ [https://dollarendgame.substack.com/] X: https://x.com/peruvian_bull [https://x.com/peruvian_bull] 🎙️ FOLLOW MAGS X (Twitter): https://x.com/crypto_mags [https://x.com/crypto_mags] Podcast hub: www.magsplaining.com [www.magsplaining.com] 📌 SUPPORT THE SHOW Like, subscribe, and share this episode Sponsor: magsplaining at gmail dot com Tip in Bitcoin: mags@blink.sv ⛏️ PRODUCT PROMO CODE Get 5% off of Bitcoin miners at Plebsource with MAGS. ⚠️ DISCLAIMERS No Financial Advice. Entertainment/education only; not financial, legal, or tax advice. I may use affiliate links that support the channel at no extra cost to you. Bitcoin and crypto are volatile, do your own research.
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