Talked to a guy about how the Fed's purpose is to basically to fund the treasure and that both parties are really just fighting for control of the printer.
He agrees that there's no turning the ship around... but still has half his portfolio in bonds.
On a bitcoin standard what happens to bonds? Do they get demonitized, or have a lower internal rate of return?
I don't know. I think we'll have an interesting case study with El Salvador's Bitcoin backed bonds.
I do think there is a lot of risk in the current fiat backed bonds.
I'm more inclined toward reits, energy, commodities, value stocks like industrials and a nice stack of bitcoin.
