{"podcast":{"title":"The Bitcoin Layer","slug":"the-bitcoin-layer-7070444","podcast_index_feed_id":7070444,"rss_url":"https://feeds.simplecast.com/Y2219Riv","website_url":"https://mysoundwise.com/soundcasts/1665708396190s","image_url":"https://image.simplecastcdn.com/images/31efc846-0793-410a-9634-9cbb9ab441fd/a42dcdab-5758-48ca-b40a-791279675300/3000x3000/b_black_500x500.jpg?aid=rss_feed","author":"The Bitcoin Layer","episode_count":285,"summary":"The Bitcoin Layer is a premium markets research provider, covering bitcoin through a global macro lens | Research, Analysis, & Education Featuring Nik Bhatia, author of the #1 Amazon bestseller Layered Money and USC Marshall School of Business professor. Subscribe to our research publication and YouTube channel to learn about global macroeconomics, bitcoin, Lightning Network, the monetary and financial system, the Federal Reserve, interest rates, and geopolitics. Most importantly, develop a framework for understanding global markets—connect the dots between economic and financial concepts to see the bigger picture. Look no further for your bitcoin and macro education!","last_synced_at":"2026-07-31T20:19:22.621040+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444"},"episode":{"title":"Is China Sitting on the BIGGEST DEBT BOMB in Modern History?","slug":"is-china-sitting-on-the-biggest-debt-bomb-in-modern-history","published_at":"2026-01-21T23:30:58+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/is-china-sitting-on-the-biggest-debt-bomb-in-modern-history","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://youtu.be/GDZqw6QkW-U","audio_url":"https://cdn.simplecast.com/audio/93f29295-b98b-46ce-9822-223c512497e8/episodes/a7b0bdac-ae5d-4a46-ac56-eef6d7d62195/audio/9b871e2d-22fe-4ebd-995a-880d535fb389/default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"In this episode, Nik sits down with Brian McCarthy to break down China’s debt-driven growth model, rare earth leverage, and why central planning has created deep structural risks. They explore how China’s manufacturing dominance masks massive capital misallocation, why rare earths have become a geopolitical pressure point, and how a potential unwind could reshape global markets. The discussion ties China’s internal fragility to global liquidity, geopolitical escalation, and the long-term implications for Bitcoin as a non-sovereign store of value.","meta_description":"In this episode, Nik sits down with Brian McCarthy to break down China’s debt-driven growth model, rare earth leverage, and why central planning has creat…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2616,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/is-china-sitting-on-the-biggest-debt-bomb-in-modern-history/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/is-china-sitting-on-the-biggest-debt-bomb-in-modern-history.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}