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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
The extra yield investors now demand to hold long-term government debt.
That's when buyers will shift from, I'll take any price to, I need to be paid for this.
Those rates structurally rise.
Which, remember, for mechanism one, makes the interest spiral even worse.
And the credit agencies have made it official.
See, in May 2025, Moody's stripped the United States of its last AAA rating, cutting it to an AA1.
That was the final one.
S&P downgraded back in 2011, Fitch in 2023, and now Moody's.
For the first time in history of the country of the United States, it does not hold a top credit rating from a single one of the three major rating agencies.
Not one.
The risk-free asset is no longer rated risk-free.
Let that sink in.
Because most institutional mandates are still written...
as if it is.
That brings us to mechanism number three.
And this is the one that ends the debate because it's not a theory.
It's a trade that's already happening at massive scale.
If debasement were coming, who would know first?
Not retail, not the doom accounts.
The people who would know first are the exact people running the world's central banks.
Showing 781–800 of 4,581 · page 40 of 230
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