Less Noise, More Signal

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE Pascal speaks with Ram Ahluwalia, CEO and co-founder of Lumida Wealth, about whether the AI investment cycle is still intact, how to distinguish infrastructure winners from costly CapEx spenders, and wha...

FULL EPISODE https://youtu.be/BLRIemqKELU DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP What if the bond market is underestimating the next inflation problem? Rates trader Fabian Wintersberger explains why rising Treasury yields have largely reflected higher real yields, while long-term inflation expectations remain subdued. He explores how resilient growth, geo...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE Interest rates trader and macroeconomic thinker Fabian Wintersberger joins Pascal on Less Noise, More Signal to assess inflation, resilient US growth, AI investment, bond yields, and geopolitical risk. H...

FULL EPISODE https://youtu.be/YuSSes0oLjk DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP What if you could pay for coffee using a fraction of your stocks? Jordi Visser explains how tokenization could make stocks, real estate and other assets dramatically more liquid, potentially redefining what counts as money. He also explores why AI agents could fundamentally c...

TBL & LNMS Collaboration MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE Pascal Hügli and Johan discuss the Binance hack and the growing cybersecurity risks facing Bitcoin and crypto, including how AI may accelerate vulnerabilities. They also weig...

FULL EPISODEhttps://youtu.be/YuSSes0oLjkDISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIPAI can replicate businesses in minutes. But can it replicate Bitcoin? Jordi Visser explains why AI threatens traditional competitive advantages while Bitcoin's scarcity and established network make it fundamentally different. He also challenges the idea that Bitcoin is simply...

FULL EPISODEhttps://youtu.be/sNqkyYtCpfcDISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIPFrance won’t default, and according to Jeroen Blokland, that’s exactly the problem. He explains why France has become Europe’s weakest link, why the ECB may ultimately be forced to step in, and why that strengthens the case for scarce assets like gold and Bitcoin. SUPPORT⚡️LNMS...

FULL EPISODEhttps://youtu.be/sNqkyYtCpfcDISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIPWhy do governments need inflation, and who ultimately pays the price? Jeroen Blokland explains why debt-driven economies increasingly depend on inflation and why holding cash and bonds could quietly destroy your purchasing power. SUPPORT⚡️LNMS on Lightning: lnms@ln.mtpelerin.com...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE Jordi Visser, a macro investor, shares insights on how AI, Bitcoin, and tokenization are reshaping markets, macroeconomics, and the future of finance. This episode explores the implications of technologi...

FULL EPISODEhttps://youtu.be/RULO7SHpJcsDISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIPIf Ethereum isn't a company, how should you value it? Lucas introduces “flow intensity,” a framework designed to measure Ethereum's economic activity against its own historical baseline instead of forcing traditional cash-flow models onto ETH. In the sample he presents, t...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE In this episode, Jeroen Blokland shares his insights on macroeconomic trends, investment strategies, and the role of Bitcoin and gold in a changing financial landscape. Discover how to navigate Europe&#3...

FULL EPISODE https://youtu.be/RULO7SHpJcs DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP Ethereum price targets range from roughly $2,000 to as high as $250,000. Lucas argues that the massive spread exists because investors are trying to force Ethereum into valuation frameworks that simply don't fit. He explains why company-style valuation breaks, why “ultras...

MEMBERSHIPSBecome a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODEEPISODEIn this episode, Lucas from Magic E shares his innovative approach to valuing Ethereum, exploring its demand, usage, and the challenges of traditional valuation methods. Discover how Ethereum's network acti...

TBL & LNMS Collaboration MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE In this episode, Johan Bergman and Pascal Hügli analyze the current Bitcoin market, macroeconomic factors, and the influence of options data, providing insights into potentia...

FULL EPISODE https://youtu.be/6X5gy_f-9es DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP Rising yields aren't the danger most investors think they are, according to Douglas Padgett. But that doesn't mean markets are safe. He explains why the macro backdrop remains supportive while the S&P sits historically above his fiscal-flow fair value. With Septem...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk EPISODE Bitcoin is back in bullish territory. But there’s a problem: liquidity is turning down, the market is pricing more Fed hikes, and macro should theoretically be working against Bitcoin. So why is BTC still movin...

FULL EPISODE https://youtu.be/6X5gy_f-9es DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP Trump wants lower rates and a booming economy. Douglas Padgett argues those goals fundamentally contradict each other. In this conversation, he explains why higher rates can actually add income to the economy, stimulate lending, and support growth rather than simply suppress...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE In this episode, Douglas Paget, a macro researcher and founder of Applied MMT, shares his insights on modern monetary theory, the current macroeconomic landscape, and implications for markets and policy....

FULL EPISODEhttps://youtu.be/5miw9cE3r2ADISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIP Stablecoins may be much more than a crypto story. Izabella Kaminska argues they could help the US preserve global dollar dominance while bringing control over the underlying Treasury assets back onshore. And if stablecoins begin paying competitive yields, they could threaten one...

TBL & LNMS CollaborationMEMBERSHIPSBecome a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODEEPISODEAI is getting powerful enough to attack Bitcoin infrastructure. But could the same AI revolution also make Bitcoin more valuable? In this episode, Johan Bergman von The Bitcoin L...

MEMBERSHIPSBecome a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODEIs the Bitcoin bear market already over? In this market update, we break down the signals that matter most right now: Bitcoin reclaiming key technical levels, short-term holders taking profits, institutional deman...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk EPISODE In this episode, Pascal Hügli discusses the current macroeconomic landscape, including the Fed's rate hike prospects, the implications of rising long-term yields, and the ongoing debasement trade involving...

FULL EPISODEhttps://youtu.be/7XXrSvD0bY8DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkCLIP Xiaoyin believes the important AI divide will not be human versus machine. It will be people who can command large fleets of AI agents versus people who cannot. Her own company now has three humans managing hundreds of agents, with productivity she says increased 20x. In this wo...

MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE In this episode, Izabella Kaminska shares her insights on global finance, US Treasury buybacks, stablecoins, and the evolving geopolitical landscape. Discover how systemic shifts and technological innova...

FULL EPISODE https://youtu.be/7XXrSvD0bY8 DISCUSSION 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk CLIP Chinese AI models used to have one advantage: price. Now Xiaoyin says they are getting remarkably close to the best US models while remaining dramatically cheaper. She explains why China has more frontier labs, comparable talent and data, lower costs, and a completely differe...