Global Money, China, and Why Bitcoin Still Follows the Curve

Show Notes

This episode is a dense but revealing walkthrough of global monetary power, Bitcoin valuation, and why most popular money supply narratives miss what actually matters. Matthew opens by updating his global monetary base dataset, adding Switzerland as its own category and showing how concentrated global central bank power really is. He explains that while total global base money exploded from roughly 5 trillion dollars before the global financial crisis to nearly 32 trillion during COVID, it has since contracted to around 27 trillion. The extreme phase of expansion has already passed, even though printing remains inevitable. A major focus is China’s relative monetary strength. Contrary to popular belief, China was strongest as a percentage of global base money when the overall system was much smaller. During COVID, when global money surged, China’s share actually fell to its weakest level before slowly recovering. Matthew stresses that relative power must always be viewed in context and that property rights and freedom matter more than raw monetary scale. He then shifts to Bitcoin priced in gold and silver, framing these ratios as long term valuation governors. Bitcoin remains extremely cheap relative to both metals, sitting far below its historical gold trend of roughly 65 ounces per Bitcoin. Using scenario analysis, Matthew shows how even a return to trend with moderate gold prices implies significantly higher Bitcoin prices over time. The episode closes with a clear stance. Ignore short term noise. Follow structure, probability, and the power curve. Porkopolis Economics - Episode 342 Chapters: 00:00:00 - Global Monetary Base Chart Updates 00:02:31 - Monetary Base and Property Rights 00:05:42 - Bitcoin Gold Ratio and Power Trend Analysis 00:15:43 - Bitcoin Correlation Analysis and Market Trends 00:19:04 - Bitcoin vs Gold Mining Adoption Cycles 00:23:01 - Bitcoin and Gold Price Trend Analysis 00:27:29 - Intelligence Officer on Russian Assets in US 00:33:26 - Bitcoin Weakness During AI and Gold Boom 00:40:22 - Federal Reserve M3 Money Supply Analysis 00:44:10 - China Base Money Analysis in Yuan 00:47:43 - Bitcoin Price Comparison: Dollar vs Yuan 00:49:37 - Understanding Money Supply Layers and Metrics 00:55:03 - Money Supply Growth and Financial Crisis Risks 00:59:12 - Federal Reserve Data and Bitcoin Gold Trends Show Sponsor: Debifi - https://debifi.com/ Donations to Porkopolis Economics via BTCPay are appreciated: https://donations.porkopolis.io/ Porkopolis Economics covers macroeconomics, money, geopolitics and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis. Data-driven. Scale matters. Smaller, decentralized states mean more opportunity for liberty than larger ones. Host: Matthew Mezinskis https://porkopolis.io https://x.com/1basemoney Show content is not investment or financial advice in any way. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6266922845601792