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
Pushing rates and the term premium way up.
and the smartest money on earth already fleeing paper for hard assets at record pace.
That's not a collapse, but that is a debasement.
Slow, deliberate, and already underway.
And the only question left is which side of this is your capital on?
Now let me walk you through how this actually unfolds because if you can see the sequence, you can position ahead of it.
And I want to be clear, I'm not giving you a date.
Anybody who gives you a date is selling you something that I'm not doing here.
I'm giving you the order of operations because the basement, like manias, tend to run in the same pattern.
It does not start with a crash.
It starts with a hire for longer becoming permanent.
Rates that everyone assumed would fall back to the old normal, they just simply don't.
Because the term premium is structurally higher now.
The price-sensitive buyers won't lend cheaply to a borrower, so the cost of money stays elevated and the interest line keeps climbing.
That's stage one, and we're already living it.
Now, stage two is the squeeze.
As interest eats a bigger and bigger share of the budget, the political pressure to get rates down becomes unbearable.
Not because the economy needs it, but because the government's own interest bill
That's what needs it.
This is the moment fiscal policy starts quietly dictating monetary policy.
Showing 821–840 of 4,581 · page 42 of 230
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