Over time, due to aging demographics, governments need to borrow more money to support GDP growth to pay interest on the debt.
At over 100% of GDP in debt there isn't enough economic cash flow to fund the debt growth so it gets "printed" via Fed Net Liquidity and also forced, via regulation, onto the balance sheet of the banks.
That debases the currency and lowers the denominator, optically making scarce assets more valuable.
Crypto (Mainly Bitcoin) is the life raft as it not only offsets the annual 8% debasement but also gains value due to adoption effects.
These two charts remain the most important chart in all macro and the ones the least people understand.
It's all demographics. It always has been
This too shall pass...
Crypto is still feeling the tightening in liquidity from the stronger dollar and higher rates in Q4 2024. That is almost done and financial conditions are easing fast and M2 is headed back to new highs. This is just a regular correction... 1/
The US Government is literally telling you that they are going to kickstart alt season by buying your bags...
Something I never thought would be on my bingo card.
Good morning Tokyo!🗼 Today marks a historic moment.
The Meme World Order is taking over Tokyo Tower to host an unforgettable event after months of planning. I’ll be moderating panels, interviewing guests, and covering the action.
And yesterday, with the help of @OfficialMoonDAO, we made history by sending the FIRST cryptocurrency (@MrMigglesOnBase & @ownthedoge) to the moon via hardware wallet—literally—with @NASA 🚀. Yes, the first crypto is officially en route to the moon! 🌕
Every day feels like magic in the making, and it fills me with hope for the future of Miggles and all Meme World Order projects 🌐
Memes are a movement, and we’re just getting started. See you at the top! ✌️
@SuperchiefNFT@pudgypenguins@MrMigglesOnBase@ownthedoge@ElonRWA@doms4ever@purrlabs@pepecoins@OfficialMoonDAO@mumu_bull@GlueNet
Miggles to the Moon (Real) 🌕
Tune into NASA’s rocket launch livestream and hear from @OfficialMoonDAO about our mission “Pyramid to the Moon” 🚀
Join us at 2:30pm JPT // 11:30pm CST ⏰
https://t.co/hFe3AJ8jXr
Still remember the day @tylerocket casually dropped into our Telegram chat.
Just like any new miggles PFP I see, I clicked his profile out of curiosity - 'NASA Engineer' 👀
'So... can we literally send miggles to the moon?' I joked, but we both also knew this was not a joke simultaneously. Humanity’s optimism lies in memes, science, and creations.
Now here we are with @MrMigglesOnBase, @purrLabs & our friends at MWO changing the game. 🚀
For humanity and all Miggleskind.
💙🌐