{"podcast":{"title":"TFTC: A Bitcoin Podcast","slug":"tftc-a-bitcoin-podcast-226249","podcast_index_feed_id":226249,"rss_url":"https://feeds.fountain.fm/ZwwaDULvAj0yZvJ5kdB9","website_url":"https://fountain.fm/show/V71wG3DhMtF9fDqaJRWX","image_url":"https://feeds.fountain.fm/ZwwaDULvAj0yZvJ5kdB9/files/COVER_ART---DEFAULT---55747ff8-effb-4bbd-9e7f-431b5947e3ec.jpg","author":"Marty Bent","episode_count":1026,"summary":"TFTC is a podcast hosted by Marty Bent about Bitcoin. Join Marty, Editor in Chief of \"the best newsletter in Bitcoin\", as he sits down to discuss Bitcoin with interesting people.","last_synced_at":"2026-07-31T02:21:04.939910+00:00","page_url":"https://stenobird.com/podcast/tftc-a-bitcoin-podcast-226249"},"episode":{"title":"#776: Yields Must Rise, Fed Must Hike with Michael Howell","slug":"776-yields-must-rise-fed-must-hike-with-michael-howell","published_at":"2026-07-30T14:00:28+00:00","page_url":"https://stenobird.com/podcast/tftc-a-bitcoin-podcast-226249/776-yields-must-rise-fed-must-hike-with-michael-howell","show_page_url":"https://stenobird.com/podcast/tftc-a-bitcoin-podcast-226249","url":"https://fountain.fm/episode/YTKqgk41qjKyMeWl3xHV","audio_url":"https://feeds.fountain.fm/ZwwaDULvAj0yZvJ5kdB9/items/LAv35SWz6SVsXvem1LOF/files/VIDEO---DEFAULT---dacc0672-27fd-4f0c-9ddc-801e086da505.mp4/ORIGINAL.mp3","summary":"Michael Howell joins TFTC to break down why the Fed is trapped by rising bond yields and surging nominal GDP, forcing a return to rate hikes despite market expectations. We dissect the AI capex bubble, Treasury’s hidden debt monetization via bill issuance, and why global liquidity trends point to a crypto bottom by late 2026. Howell explains why Bitcoin outperforms gold as a monetary inflation hedge, how China’s PBOC liquidity drives gold, and why $40 trillion national debt is just the beginning of a state-led capital war era. CrossBorder Capital on X: https://x.com/crossbordercap GLIndexes: https://www.glindexes.com/ Find the Home Mining Playbook here: https://www.tftc.io/home-mining-energy-playbook STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/yHGkvYxdqT Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Block: Cash App : For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. Square : Visit http://square.com/go/**tftc** for up to $200 off eligible Square hardware. Bitkey : Use code TFTC10 for 10% off the new Bitkey. Aven https://www.aven.com/bitcoin CrowdHealth https://www.joincrowdhealth.com/tftc Unchained https://unchained.com/tftc/ Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief…","meta_description":"Michael Howell joins TFTC to break down why the Fed is trapped by rising bond yields and surging nominal GDP, forcing a return to rate hikes despite marke…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3857,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/tftc-a-bitcoin-podcast-226249/episodes/776-yields-must-rise-fed-must-hike-with-michael-howell/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/tftc-a-bitcoin-podcast-226249/776-yields-must-rise-fed-must-hike-with-michael-howell.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}