“In the field of forecasting and the practice of monetary economics, there are two individuals who deserve great respect: Robert Mundell, who has recently passed away, and Satoshi Nakamoto, who remains unknown,”
-Lu Lei, Vice-Governor, People's Bank of China, 2021
We're all entitled to our own views. And only in comparing them can we collectively find solutions.
One can acknowledge the horrible mistakes made by the last administration, and still consider the ways in which a violent swing in the opposite direction could possibly wreak even more havoc in the future.
I pray I am wrong, but I do have dire concerns for the future. The status quo had its major faults, but it was stable and progressing along a largely metered and known path.
Ultimately, I just want more time to people to adopt the parallel system that is Bitcoin before they are destroyed by the implosion of the current global order.
All I want is time.
That was a cataclysmically idiotic move.
To be fair that's tangentially covered in your bond auctions point.
The accelerated decline of the dollar as a global reserve asset due to likely isolationist geopolitical policies.
My feelings on Trump extend far beyond my own personal gain.
I stand to benefit immensely from a Trump presidency in financial terms, but I worry about the way his policies will affect the average American and hasten the decline of America's standing in the world.
You may disagree, and that's fine. It's the difference of opinions that makes a market.
And please don't tell me that you pronounce "naan" the same as "nan"...
Trump won big yesterday. What happens now? My analysis below 👇
https://the-orange-revolution.npub.pro/post/18840b23/
#Bitcoin #politics
I enjoyed this read and agree with you on most points you covered.
The primary area that I think about that wasn't covered was the acceleration of a shift to a multi-polar world and the fall of the dollar as a global reserve currency due to more isolationist geopolitical policies.
As Bitcoiners, we've all seen this coming, but I think a second Trump presidency accelerates this, allowing the dollar to wane in influence, and inflation to rise more as foreign dollars return home and deficits continue to rise due to policies that will reduce the federal government's income.
🌞 GM #nostr ! #election #uspol #election2024
https://video.nostr.build/b558c334c642fd3937af54dd0e23926c4d0c8d9b94c646152ebbbf92b25653b6.mp4
Not a Trump fan, but this is fantastic.
n(ah)stir.
"ah" as in naan.
That would be awesome!
Please share it when your done! This sounds super interesting!
Might be the autism, but I am obsessed with Obsidian.
