“He’s going to flip. He has to flip. Mathematically, that’s the whole point.” @LawrenceLepard says Fed Chair Kevin Warsh will ultimately be forced to cut rates and print money or risk the collapse of the financial system.
He warns that a bond-market revolt could trigger a third “big print,” send inflation sharply higher and force a monetary reset within the next three to five years.
How high could gold be revalued in the process?
Watch the full interview with @MichelleMakori:
https://t.co/F9so2SI5QN
The OpenAl/Hugging Face autonomous Al hacking incident reminds me of watching 2001:
A Space Odyssey in a theatre in 1968. Stanley Kubrick's "HAL" fore shadowed our present world.
Raise your hand if you saw it in a theater.
Great post. Digital scarcity was a work in progress for decades and involved several failed attempts at creating digital gold. Satoshi cracked the case.
People think one guy just snapped his fingers and created Bitcoin…
In reality Satoshi fit pieces of an elaborate puzzle together in perfect balance and harmony
Those puzzle pieces took over 40 years and countless individuals to make
So true. I was in VC/PE until 1983-2003. Could see the beginnings of this forming. Got out.
Dishonest model. The part about oh the last fund was bad but this one will be better, really rings true. The LPs generally would have been better off buying an index fund.