Show Notes
The Treasury Secretary said "whatever it takes" for the yen. The Fed has a facility that can hand Japan $60 billion with a keystroke, and Bessent says it might not be enough. Larry Lepard walks through what FIMA is, why gold moved 7% in three days, why gold stocks had their biggest week in 18 years, and why he thinks Wall Street still doesn't understand that they can never stop printing.
Also: the 10 year red line, yield curve control, Silicon Valley Bank as a preview of a phase change, why the ETF holders aren't the paper hands everyone expected, and Larry's number for the next high.
Bob Burnett and George Bodine ask the questions. Gary Leland is on vacation. He will be back in the future.
00:00 Cold open\
00:42 Titles\
00:47 Gary is on vacation\
01:05 Bessent steps in for the yen\
02:13 FIMA, the Fed's $60B printer for Japan\
03:25 We're going to need a bigger boat\
03:32 Gold moves 7% in three days\
04:46 Jackson Hole and the rate hike odds collapse\
05:59 The run it hot strategy\
06:27 The 10 year red line\
07:54 Bob's questions: bills, twist, buying time\
08:20 This is what a third world country does\
08:30 Bessent broke the Bank of England\
10:23 Yield curve control\
11:04 The $6.6T balance sheet\
11:40 BTFP, buy the \__\_ paper\
11:55 Gromen's negative 14% real rate\
13:21 Gold up 65%, silver up 400%\
13:54 Phase change\
14:09 Silicon Valley Bank\
15:04 Gold up $500 in a day\
15:57 Bob's Bitcoin question\
17:06 A hawkish Fed is just like DOGE\
18:03 Fire in the theater\
18:36 George: Bitcoin is in competition\
19:15 70 gigawatts\
19:46 Swan\
20:24 A billion into the ETFs\
21:01 ETF shares only down 10%\
22:06 One side of the rowboat\
22:27 The next high: 180 to 250\
22:34 Sign off
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THE BOOMERS\
Larry Lepard, author of The Big Print: [x.com/LawrenceLepard](http://x.com/LawrenceLepard)Bob Burnett: [x.com/boomerbtc](http://x.com/boomerbtc)George Bodine: [x.com/Jethroe111](http://x.com/Jethroe111)Gary Leland: [x.com/garyleland](http://x.com/garyleland)
Show: [x.com/btcboomers](http://x.com/btcboomers)
Nothing here is financial advice. Three guys who should be retired, arguing about money.
The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.
Your hosts:
Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.
Lawrence Lepard, sound money fund manager and author of The Big Print.
Bob Burnett, mining entrepreneur and founder of Barefoot Mining.
George Bodine, the World's Most Interesting Bitcoiner.
Listen to the audio anywhere:
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