“Bitcoin is [still] screaming for more liquidity.”

The FOMC has a long and sordid history of not acting appropriately until it is forced to do so.

1. Too little, too late.

2. Too much, too late.

3. Repeat.

It soon may be forced to act.

For your reference:

This is the 100-year chart of the S&P 500 in #gold terms that I allude to in my recent interview with nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgq73kpcjhhrptf9gnd9qksu3k2nxr09tusez8ltmk8z9x4h6wdavuwmfgqg

This "30,000 foot view" of the secular peaks and troughs of US asset financialization is incredibly telling... and critical to grasp.

History does not repeat... but it does rhyme.

Based on this chart, I think the closest correlate with where we are in the current cycle is approximately 4Q 1972.

Question:

If, in 4Q 1972, you could invest for the ensuing 10 years in either:

- US financial assets (including stocks, bonds, and real estate)

OR

- International equities and hard assets (including bitcoin and gold)

...which would you choose?

I'm not telling anyone what to do. But I am encouraging you to consider where we are--economically-speaking--and, importantly, where we are headed.

Onward and upward.

Well my first solo episode was part train-wreck and part awesome.

Hopefully I'll get smoother and less painful to listen to as I work out the kinks!

Here's the YouTube link if you want to hear/watch some distracted #macro and #bitcoin talk.

(Also, I have no idea why the thumbnail pic is sideways. 😂)