Looks like the Federal Reserve has flip flopped back to saying it will likely cut rates this year…
The Fed’s fickle approach to their monetary policy does not instill confidence.
I prefer #Bitcoin.
Volatility should be in value, not policy. A drastic price change is less impactful on my life than a drastic unpredictable change in policy.
If #Bitcoin tanks, I’m incentivized to produce value and exchange it for a higher quantity of satoshis than I could have before. But, if the policy changes and interest rates rise, then somehow I end up having to work harder for the same dollar; just for it to buy me less and less.
I’m not ecstatic about the possibility of interest rates falling, because they never fulfilled their purpose in the first place, and this is why I opt out.
I’m tired of seeing the elite politicians selfishly wasting our tax dollars, trading insider information, and living a life of luxury. Then to turn around and ask for more, tell us to be honest and work harder, and live a life of frugality.
#Bitcoin is going to tear these crooked parasites into bits and pieces. The tables are turning. We have known mass suffering for the select few to thrive. Now it’s time for the select few to suffer.
They can kick and scream about how their wealth doesn’t go as far. We can tell them to work harder, eat crickets, and HFSP.
They thought they were inflating away our life savings, but in the end they will realize they abused their power until there was no more power to be abused. A reoccurring theme throughout human history.
Fiat maxis think we are nearing the end, and have been predicting the end of times since the 1400’s.
They are half right, it will be the end: the end of Fiat.
But it will only be the beginning of human existence still, due to #Bitcoin and the revolution that was started with the internet.
If you think of societal revolutions similar to the halving events that marks the beginning and end of epochs, then humans are entering our 3rd epoch and ending our 2nd.
The first revolution was agricultural, the 2nd industrial, and now we are smack dab in the middle of the digital revolution.
#Bitcoin is only the end as much as it is the beginning. 