Avatar
bitcarnicoin
977e6f92e40082b62ff8da348a57993666648634a9c449b5a220bd6576eda034
Beef & Bitcoin

This is boomers banking their +8% on fidelity I can feel it

The biggest risk is doing nothing and staying poor

Congratulations to the statists for setting fire to >50% of everything you borrow! You know this ends in a supercycle right?

1. United States

Budget Deficit: ~6% of GDP

GDP Growth Rate: ~2–3%

Observation: Deficit is about twice the GDP growth rate.

2. Canada

Budget Deficit: ~2–3% of GDP

GDP Growth Rate: ~1.5–2%

Observation: Deficit slightly higher than GDP growth rate.

3. United Kingdom

Budget Deficit: ~5% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit more than double the GDP growth rate.

4. Germany

Budget Deficit: ~3% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit higher than GDP growth rate but not double.

5. France

Budget Deficit: ~5% of GDP

GDP Growth Rate: ~1–2%

Observation: Deficit significantly higher than GDP growth rate.

6. Italy

Budget Deficit: ~5–6% of GDP

GDP Growth Rate: ~1%

Observation: Deficit much higher than GDP growth rate.

7. Japan

Budget Deficit: ~6–7% of GDP

GDP Growth Rate: ~1%

Observation: Deficit significantly higher than GDP growth rate.

---

Summary:

Several G7 nations have budget deficits significantly higher than their GDP growth rates.

Countries like the United States, United Kingdom, France, Italy, and Japan exhibit deficits that are more than double their GDP growth rates.

Canada and Germany have deficits slightly higher than their GDP growth rates but not double.

Periods of price boredom normally end with a last period of extreme boredom where even degen traders go touch grass. Looks extremely fwcking boring to me.

Some of the players I grew up watching. Cantona, Beckham, Zidane, Figo, Maldini, Bergkamp. What's happened to football?

Bigger deficits.

Higher inflation and taxes.

Slower economy.

More demand for bitcoin.

Ngu.

Less relative inflation and taxes for you.

Repeat until rich or hfsp.

"She loves you because you won't let her stamp on your guts" ~ Patrice O'Neal

Trump getting shot was nearly 3 months ago. Time does strange things when you're hodling.

Even a statist clock is right twice a day

Like both Russia and China didn't fancy joining the great power of the US in this prestigious achievement. Even 60 years later with much better tech. Very weird.