I think it’s right on schedule but the pace of late has accelerated beyond expectations!
The end of empires is typically characterized by their defilement.
“Gold, because you’re old”
Yup. Also like 60 days lockdown with two tiny kids. Character building. If we could handle all that, we figured we could handle a third 😂
Uh, yea this was like circa delta strain. Where that bioweapon knocked you down hard.
I lived this. Both parents with COVID in quarantine for 3 weeks with 2 kids under 2. One kid started teething and spiked a dangerously high fever. We didn’t know if it was COVID related too, worried kid would be hospitalized / parents separated from the child. Total nightmare. Fever went away and we all lived. No hospital. Still, total nightmare.
Re: the fiat flood
Why does it feel like I'm emerging from the hull of the Titanic, screaming "there's a breach!" But the music on deck is blaring, everyone is drunk and binging on caviar, and no one heeds my screams of 'the ship is sinking!' All whilst I know there aren't enough life boats for all.
zerohedge
@zerohedge
“So the Fed is about to hike another 25bps, ensuring that the deposit exodus from small banks who can't match 5% rates accelerates, just as the Treasury guarantees all $18 trillion in deposits.”
Sounds nefarious when framed this way, doesn’t it?
Pristine risk free collateral, they said (treasuries). Risk free eventually becomes risk full when the counterparty you’re lending to recklessly prints and spends. Unfortunately few are aware of the ramifications unfolding.
If we devolve into a hyper inflationary collapse, do you have enough 🌽?
#bitcoin
https://mobile.twitter.com/balajis/status/1636474563205955584
Link to thread. Now can’t sleep 🤦♀️
https://mobile.twitter.com/balajis/status/1636474563205955584
Do you have enough 🌽?
#bitcoin
So the fed has out $300bn on its balance sheet in the last week, erasing half its QT for the last 4 months. Balaji thinks we are about to devolve into a hyperinflationary collapse and spending $1m to ring the alarm so folks can get on the #Bitcoin ark. He is quoting @jack. He says in a digital age, hyperinflation can happen in hours. Buy Bitcoin and self custody it NOW. Can’t decide if he’s totally right or totally off his rocker.
You’ve gone silent. What’s your take on Balajis posts on hyperinflation? He’s quoting you.
Corporate profits aren’t a problem in free markets. Thing is that the only free market today is Bitcoin.
Can’t help but this is all a distraction of a much bigger narrative playing out this week; a smoke screen if you will.
It’s sad because the banking, political issues are systemic and there is no one person who can fix it. The change has to come thru a total death and rebirth process, and that’s exactly what we are witnessing.
It’s all based on trust but there’s no one to trust.