@JJWatt My guy, I will love you forever, but you were a big part of airing dirty laundry when Bill O’Brien was fired. Just challenging you on your own path, because you’re usually extremely grounded at all times.
@KobeissiLetter Bibi made a comment about Saudi and USA that was really interesting to me…as in, Iran is being isolated in the Middle East. I was reading into it, but it was interesting all the same.
@TexHash@IanCarrollShow Interesting take. I never considered belief in God to be disqualification for intelligence. Einstein believed in God. I can cite many high IQ individuals who believe in God. But, I guess @TexHash is the arbiter of intelligent thought, and they must be disqualified.
@TradingHaven@daniel_konar@RayDalio 4 decades is a fart in the wind in historical terms. Rome’s decline lasted 100’s of years. The US financial system is an extension of the British empire. Our bank rates were set by the bank of London until this March. You really really need to read history and learn roots.
@TradingHaven@daniel_konar@RayDalio You should study how empires fall. It always comes down to economics, inflation, wealth disparity, and devaluation of the currency to prop it up.
Every time from Rome onward, and likely before Rome. To tell me this has never happened before fails to understand history.
@TradingHaven@daniel_konar@RayDalio You sound like a 16 year old kid telling his father his views are antiquated. Only to call him 10 years later and tell him he wished he listened.
The US debt was $9T in 2007. It was $2.3T in 1987. It’s $37T today. 200 years to get to $2T, and 40 more to 20X it.
@TradingHaven@daniel_konar@RayDalio Not a single economist or treasury person except maybe Yellen, who was terrible, agrees with your view of debt.
Powell, Bessent, Jeffrey Sachs, name any one…they all say lines like we are on an unsustainable path. A great depression is imminent, and they pulled all levers in 08
@TradingHaven@daniel_konar@RayDalio You’ve clearly never run a P&L. Even Grant “OPM” Cardone would think your view of finance is remedial at best.
Debt has a cost. The interest on our debt going forward doubles our deficit, which leads to more debt, and more deficit. It is not the system. It’s the flaw with it.
@TradingHaven@daniel_konar@RayDalio I’ve taken economics classes. Have you? Money has a history of coupling and decoupling to hard assets. Most of US history had the dollar backed by gold. Roman money was backed by silver. But debt has a cost of interest and that fuels national deficits. It’s not sustainable.
@TradingHaven@daniel_konar@RayDalio People don’t invest in BTC like it’s a utility of blockchain for other uses. They invest in it to store value. You may have been in crypto since 2013, but you haven’t understood why liquidity flows into it. People don’t invest in AI, they invest in utility AI needs.
@TradingHaven@daniel_konar@RayDalio Now, why does the government print? To pay our debts. What drives the debt? Budget deficits. Why are there budget deficits? Shrinking middle class and trade deficits. You should probably read more books. Ray Dalio is a good place to start.
@TradingHaven@daniel_konar@RayDalio This is very simple. The S&P (10%) and Real Estate (4%) have gone up in price as M2 money supply has increased. BTC has outperformed both. The main reason people buy BTC is save for the future. Why don’t they do that in a 4.5% savings account? Because the government prints.