Regarding altcoins:
They will soon continue their HTF downtrends. OTHERS Open Interest is close to flipping bitcoin:native ’s OI, which has historically been a pretty bad sign for alts
bitcoin:native is due for a pullback, its quite overextended on lower timeframes
Speaking of higher timeframes if we clear 81 and 92k, new ATHs will follow
@abcampbell@JDW303i Well, it is debatable, at least in the long term.
I don't think there is hardly anyone who says that oil doesn't influence prices, but oil prices do not explain the long term increase in the Consumer Price Index, whereas the increase in the monetary base does.
@Globalflows@philostamm During the classical gold standard, without the Fed, the real wage index constantly outperformed real GDP per capita.
So, yeah, we would be way better off without the Fed.
@Globalflows@philostamm Although the Bretton Woods system wasn’t great by all means, it was 𝐟𝐚𝐫 better than what we have now...
Real wages aren’t supposed to stagnate for decades. From 1947–1971, they were on par with real GDP per capita, or even slightly outperformed it.
@Globalflows Literally not true. Without Fed or government intervention (Civil War 1861–1865), the CPI has been continuously declining due to growth deflation.
And your chart doesn’t even show the timeframe before the Fed was created.
@TXMCtrades I don't like that chart either, but purchasing power has declined, and housing is as expensive as ever.
I don't get why you always advocate for central banks. Sure, we've improved in some areas, like life expectancy, but you're ignoring how much better off we'd be without them.
@vaporwarefan96@blankxbt@TheFlowHorse What’s your point?
That the Fed is just 𝐫𝐞𝐚𝐜𝐭𝐢𝐧𝐠 to the issuance? It’s not the Fed’s mandate to finance deficits.