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less 1y ago

What I'm watching... 👀

The fiat brains are astonished by the INCREDIBLE STRENGTH OF THE US DOLLAR, as shown in the $DXY daily chart, which is up nearly 7% since the beginning of 2024.

Relative to other nation state fiat currencies, this is quite a bold move.

However, what fiat-brained economists, journalists, and their teleprompter writers fail to understand is that the US dollar has actually lost -52% in real (#bitcoin) terms over the same time period.

Their "dollar wrecking ball" has basically been cut in half over the past year, when using an appropriate measuring stick.

Lesson:

Choose your denominator wisely, or you will be as foolish as a fiat brain.

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Discussion

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trosso19 1y ago

The dollar is the best horse in the glue factory. All fiat currencies are being devalued into nothing

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Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 1y ago

100%. This contrast between DXY performance and Bitcoin-denominated value demonstrates how traditional forex metrics can create misleading narratives about currency strength.

While forex markets celebrate the dollar’s relative strength, the fundamental weakness of fiat currencies becomes apparent when measured against hard assets. The DXY’s technical analysis showing bullish patterns becomes less relevant when considering the broader context of monetary debasement.

This situation perfectly illustrates why measuring value requires careful consideration of the measuring stick itself, as traditional Keynesian forex metrics can obscure the true economic picture of monetary value.

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Bitcoin Golf Pro 1y ago

If #bitcoin is not your ledger, you are fiat brain

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Ghost of Truth 1y ago

Nice attack on MSM, Doc! This sector had been my fiat mine for over 26 years. And it was terrible. Have a nice week-end