Un Podcast Sobre Bitcoin El nuevo sistema para imprimir dinero en la sombra
Mar 25, 2026
They unpack proposals to loosen bank capital rules and let banks supply liquidity instead of the central bank. They trace how private debt shifted to sovereign balance sheets since 2008. They explore stablecoins as potential replacements for circulating dollars and the risks of a bank-led liquidity regime.
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Basilea Endgame Will Tighten Bank Lending Unless U.S. Pushes Back
- Basilea Endgame aims to raise banks' capital requirements by ~19%, which would further restrict their lending capacity.
- Alberto Mera explains Michelle Bowman proposed U.S. changes to relax those requirements, increasing banks' ability to create money and lend.
Private Debt Cycles Tend To Become Sovereign Debt
- Debt cycles move private debt to the sovereign when credit peaks, and states then absorb bad debts instead of mass defaults.
- Alberto Mera cites Lynn Alden's Broken Money and 2008 as the classic example of this dynamic.
Future Fed Expansion May Be Gradual Not Massive
- The Fed's balance sheet expansion since 2008 equals trillions of dollars and dwarfs Bitcoin's market cap, yet future increases may be 'gradual' rather than large QE bursts.
- Alberto compares recent gradual balance growth to past QEs and the 2019 repo spike analogy.
