The “experts” gave us school closures, gain-of-function research, defeat in Afghanistan, 7% inflation, and 130% debt-to-GDP. I’m ready to listen to someone else.
Translation: Don’t buy things we don’t control. Buy negative yielding bonds and hold USD that we debase on a monthly basis
More importantly stay inside, don’t educate your children, eat only mass produced carbs and sugar, drink tons of alcohol, and for fun play the state lottery
There are extreme risks in investing in virtual or cryptocurrencies and it’s imperative that we act to protect investors' wallets.
I’m warning New Yorkers and investors across the country that investing in this unstable market is not prudent and could cause devastating losses.
As Bitcoin adoption marches on I’m going to miss reading this nonsense.
Established financial media can’t figure out why the peasants don’t believe their bullshit anymore. Pure cope entertainment.
Luckily we still have over a decade before full intellectual capitulation
Headlines that Bitcoin has a market cap of $1 trillion are misleading.
Rather, the market price for a few bitcoin now is such that if you applied that price to *all* bitcoin you would reach $1 trillion.
That is a huge stretch. If 10% of holders sold, the price would crater.
Now some are calling for a Commodity Supercycle because prices are rising. NO, It's not that complicated, the Central Banks are inflating all assets to the moon before the great deflationary reset
https://t.co/dvDskS8Mfv
All things of value have been inflated, mostly out of reach for the common man.
Housing, health care, education, savings... all unavailable at market clearing rates.
This isn’t going to magically reverse itself via your favorite politician. Your biggest risk is doing nothing
The road to socialism via inflation:
• Print money, crash the reserve currency, destroy savers, and force them into inflated assets.
• Asset inflation leads to inequality. Demonize asset holders and tax the nominal gains, thereby confiscating the real value of the assets.
Economics isn’t just something you find in a textbook. It can be a potent tool to right past wrongs and improve people’s lives. That’s why so many of Treasury’s 84,000 public servants joined the Department.
Today, I am proud to be one of them.
Waaaait a second... A crypto custodian now has a US Federal banking charter? But but I thought the government was going to “ban” Bitcoin.
https://t.co/8bAZHlUZ5m
New Bloomberg article today about how, as of mid-2020, the Bank of Russia holds more gold than dollar assets as reserves for the first time, as part of their ongoing de-dollarization efforts along with some gold price appreciation.
https://t.co/J32ybIA8P2
If you’re outraged about a handful of tech oligarchs choosing winners/losers with their monopoly platforms, wait till you figure out what’s going on with the $USD monetary system.
The only way out of all this is to decentralize at the protocol level. Eventually you’ll catch on.