On this episode we discuss the new tariffs levied by the trump administration on Mexico and Canada and if they are a negotiation tactic or a true shift in economic policy. We touch on the new taproot assets protocol that has enabled USDT to mint on Bitcoin and its potential impacts. We discuss the changing dynamic of US Treasuries and who is going to step in to become the major buyer if tariffs continue. We give a brief overview of Microstrategy convertible bond offerings and the new preferred stock offering STRK. Finally we end with a brief anecdote on fiat currencies and government control of money.