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Wealth Theory 2y ago

The Fed has lost control of inflation. They will be forced to ease again into an inflationary environment to *hopefully* avoid mass defaults.

This has been the Bitcoin thesis since the genesis block. You can’t taper a ponzi and you can’t make the money good again.

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₿on 2y ago

What if I give you 100% of the original value of your existing bonds?

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Wealth Theory 2y ago

Then the real interest rate will still be negative after inflation kicks up again

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ROCKWOOD 2y ago

That move was the single greatest accelerationist move in the eyes of the bond normies. Fiat is a vegetable after that central planning stroke of fascism. Rip.

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Sean Harris🏀 2y ago

Bitcoin price is about to get even more volatile. Gonna be amazing days and crazy days. Strap in.

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HashTrash4Cash 2y ago

So honestly this may be correct, but FIRST I think the Fed will try bailouts and “not-QE” while keeping rates high-ish.

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Michael 2y ago

but the rates themselves aren't the main thing that matters; they were just a short for "easy money flowing into the system". If the let it flow but keep the rates up as a facade, that doesn't change the easy money and hence plays into the bitcoin thesis...

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HashTrash4Cash 2y ago

I do not disagree that it still plays into the BTC thesis. I do think it is different for the general economy though. Bailouts and QE are still more selective than ZIRP. ZIRP finds it’s way into every nook and cranny.