Ryan Miller

speaker
4,581 appearances 12 recordings 2 series first heard Mar 2026 last heard 10 Aug

Ryan Miller’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
4 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.

Appearances

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There's the honest way, you don't pay.
Then there's the sneaky way, you pay back every dollar you promise, but each of those dollars is worth a fraction of what it was when you lent it.
The first is default, but the second is debasement.
And debasement is the entire history of every empire that ever over levered.
Rome clipped its coins.
Every reserve currency in history eventually inflated away its obligations.
Not with a bang, with a slow but deliberate erosion.
So the real question is not, will the US collapse?
The real answer to that is no.
The real question is, as the government inflates and represses its way out of $39 trillion of debt,
Will you be a holder of the assets it needs to confiscate or an owner of the assets it cannot?
That's the whole game, my friends.
Let me show you the machine underneath it all.
Three mechanisms.
Then I'll show you how to position.
So everything on this show runs through one single formula.
I call it my fundraise formula.
It is capital equals trust times the transaction.
capital is never just the deal it's the trust that makes the deal possible and it's multiplied by the mechanics of the transaction itself and here's why that formula is the key to understanding sovereign debt because a government bond is nothing but trust when you buy a 30-year treasury note you are making a single bet and that bet is you can trust the us government to pay back in dollars that still hold their value three decades from now
The entire $29 trillion treasury market is built on that one act of trust.
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