GM

US Money Supply decreased by 2% in 2023, which is the largest annual decline on record with data going back to 1959.

We continue to follow up on the m2. After the massive printing from China this is how it has looked and what will the price do?

Good morning!

Been spinning for a few minutes. Do I need to modify something in the address?

This was delivered to our house yesterday 🤣

I had no idea they were still being printed

The 2024 election will be the most annoying election of our lifetimes.

Good morning!

Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

–

Ludwig von Mises

Apparently one of the arguments Keynesians make for why Bitcoin's fair value is close to zero goes like this:

MV=PQ

M is the total money supply

V is the velocity of money, that is the average frequency with which a unit of money is spent.

P is the price level of the money unit

Q is an index of purchases

The value of the Bitcoin economy = (PQ)/(V*21000000)

Since almost nobody transacts in BTC for goods and services, Q=~0 and thus Bitcoin's economic value is basically zero.

While it's true that almost no one transacts in BTC on a regular basis, the logic is flawed.

MV=PQ is the equation of exchange. It's a way of measuring the amount of money that an economy needs based upon the demand for transacting. It's Keynesian demand-side monetary theory as opposed to Austrian supply-side theory.

Here's the unstated assumption for why the equation is wrong. More accurately, I'd say the equation is INCOMPLETE. The whole thing is built upon the assumption that the ONLY factor for demand of money is to SPEND it. We all know that's absurd. As such, this equation can AT MOST only quantify demand for SPENDING value, not storing value.

The Keynesians can't comprehend the value of Fuck You savings.

Get your predictions in by end of January for US debt by end of 2024 - 10K ⚡️ for the closest prediction! nostr:note1ctmksy8clrlnzpnj6ch9n2h6eq5970dmaalcq60wwnysxpx6qcmskesgzf

At the current rate (which is the same as the long-term rate of the past 50+ years), $1 Trillion will be added every 70 days, then every 50, then every 20...

By the time the #money supply has doubled to $44 trillion, the US will be printing $1 Trillion twice per week! This milestone is expected to happen in 2025 in just 15 months!

Price action today be like:

#Uranium continues to break out of a log-scale #bull flag pattern on its quarterly chart.

By moving from below its EMA ribbon to above, and by confirming that the ribbon has flipped to support, a major trend change has occurred on the highest timeframes. A trend change on this timeframe represents a new supercycle.

Similar charts are appearing across the commodity sector, particularly when we measure commodity prices against the money supply. As such, these charts are an inflation warning. From here on out monetary easing will be met with increased #inflation.

The salt at the end of Gensler‘s statement 🤣