The institution is a psychopath.
All power and authority is consolidated at the top while accountability is diluted away.
Mediocrity is celebrated and compliance is rewarded.
It is all fuelled by non-transparency.
If the institution has contempt for its own people, how do you think they feel about you?
150 years of stable prices
What happened?
Fiat debasement is 100% certain. There is no return.
What book is missing?
In 2035?
#Bitcoin mining was once possible from a PC, now it requires heavy hardware and #energy
This is a #Bitcoin feature not a bug
#Bitcoin will always get harder and scarcer
We're creating a new reality.
"Those who gambled against our Country 🇸🇻 have lost millions.
Those who invested in our bonds have earned the second-highest yield in the world." @nayibbukele
The global monetary monopoly
Who are these 2 guys? Wrong answers only.
You too.. and you're right. The only reason i have this opinion is that Lyn Alden said she was bullish on stablecoins....
When she saw shes bullish, I tend to emerse myself into learning why...
But again, you are spot on.. Its really just a temporary alternative than anything!
The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money creation and lead to disinflationary demand destruction around the margins.
https://void.cat/d/LciK171UhVRj6yZuNHk2u7.webp
2) At high public debt levels, raising rates also increases federal interest expense, which increases the fiscal deficit, which is a source of ongoing inflationary stimulus into the economy.
https://void.cat/d/FX7vWUrUF4kiNidN1g5PQ3.webp
In the 1940s, inflation was fiscal-driven and public debt was high.
In the 1970s, inflation was mostly lending-driven and public debt was low.
Currently, the Fed is using a 1970s-style playbook to deal with 1940s-style fiscal-driven inflation.
⚡⚡💪🏼⚡⚡ 🙏 TY Lyn
Well, its likely the the government will now remove them from their CPI metric.
This one may need to wait until tomorrow for me sir.
I studied rocket science and this feels like that- lol
Delayed gratification let’s your habits compound into something beautiful :)
Remember #bitcoin 10 years ago and think #bitcoin 10 years from now.
