This has to be the best chart in Macro, it’ll be interesting to see what happens over the next couple of halvings.

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Even better with the timescale.

Interested in your comments on this.

I guess the debt spiral is going to play a big part, they can’t push too much higher before that gets way out of control. Then they’ll have to print like crazy so I’d anticipate the volatility will increase and lots of stuff will break.

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