Jack Mallers
Mallers asserts the US strategy in the Strait of Hormuz has failed, as evidenced by Trump extending military deadlines multiple times and Iran rejecting ceasefire offers while allowing only select ships passage under its terms.
The closure of the Strait of Hormuz, a chokepoint for 15-20% of global oil flow, is causing severe commodity inflation. Brent crude is up 50%, diesel nearly 50%, and jet fuel up 95% according to the data Mallers cites.
Mallers argues the US faces a monetary trilemma: forcibly reopen the strait at high cost, negotiate a deal that looks like a loss, or print money to manage the ensuing economic crisis. He believes all paths lead to significant money printing.
Mallers cites Jerome Powell stating the Fed will 'look past' the oil price shock, which he interprets as a signal the central bank will not hike rates and may cut them to avoid a sovereign debt crisis given high US interest expenses.
March ISM data shows services employment collapsing while prices rise, a classic stagflation signal Mallers calls the Fed's worst nightmare, forcing a choice between fighting inflation or supporting a weakening economy.
Mallers highlights a shift away from the petrodollar, noting Iran is reportedly allowing ships through the strait in exchange for Chinese yuan or stablecoins, not dollars, due to OFAC sanctions fear, which he sees as a monetary order change.
Strike is developing a yield-on-cash product where customer fiat could fund overcollateralized Bitcoin-backed loans, aiming to offer returns above the Fed funds rate by lending to productive Bitcoiners rather than the US government.
Mallers personally follows a carnivore/keto diet and periodic fasting, arguing it avoids processed foods he links to spiking cancer rates. He cites the Warburg effect, claiming cancer cells are glucose-dependent and ketosis starves them.
Mallers connects systemic failures in money, food, and health, arguing fiat currency debasement leads corporations to optimize for cheap, processed food ingredients, which in turn contributes to metabolic disease and rising cancer rates.
He believes Bitcoin adoption for payments is limited not by technology but by Gresham's Law and incentives, as people prefer to save appreciating Bitcoin and spend depreciating fiat, especially when credit cards offer cash back and rewards.
Mallers frames the current era as a battle for the future monetary order, with Bitcoin representing an open-source, proof-of-work alternative to a potential gold-backed Chinese yuan system or a failing fiat regime.
He advises financial prudence: earn more than you consume, review debt, turn on Bitcoin DCA strategies, and avoid trying to time the market amid global economic fragility, while maintaining that no one is coming to save individuals.