I’m starting to feel the same 2008 vibes I felt (in my gut…I feel sick) before money markets broke the $1
This could get wild. Plus, I think most people have no idea…thank God for #Bitcoin
Discussion
How does it feel to be in the market in 2008?
Housing debt instruments were worth zero. No Bid. Now sovereign debt holdings have incurred massive losses due to rate hikes. Self inflicted…the Fed has been cornered
The difference I feel is that the rules changes via the FED hadn’t really begun in 2008 (QE…) This allowed for kick the can
Now, the Lender of Last Resort must backstop the entire Global economy via their rule changes/“tools”
Not possible w/out a gigantic expansion of monetary policy, that enables runaway inflation
Checkmate is on the table
Short Answer 2008 = no #Bitcoin
Thank God fir Satoshi 🤙