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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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Jack Spirko 1y ago

Great post by Jeff.

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MickBurke 1y ago

Same reason we have pine and not oak. Oak shows the devaluation of the dollar. Same reason we have seed oils rather than animal fat. Animal fat shows the devaluation of the dollar.

Regardless of what you price dollars in, everything but a worse fiat currency plainly shows the devaluation of the dollar.

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