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You are probably asking yourself "Is Jerome Powell stupid? Doesn't he know he is going to tank the Economy? Why is he raising rates?"

The answer is: He is not trying to tank the economy, he is trying to tank Bitcoin at any cost. If that means tanking the economy and making millions jobless, then so be it.

Brick 2y ago

That results in mutually assured destruction. When a policy leader cannot admit defeat they may burn everything down in contempt. One man vs billions? That's a hard bet.

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Discussion

Hindu 2y ago

They've been walking around with their daggers drawn since the times of Macchiavelli.

Brick 2y ago

But how do you stab logic, reason, and math?

Hindu 2y ago

Exactly!

They're used to the old way.

Little do they know...

They're getting desperate.