The recent Federal Reserve announcement, described by Mohamed El-Erian in [this interview](https://www.youtube.com/watch?v=CeY9l7q-kx8) marks a pretty pivotal moment. The Fed displayed a surprisingly dovish stance, indicating a willingness to accept higher inflation rates for an extended period. This approach, coupled with comments on slowing the reduction of the balance sheet, suggests a shift from strict inflation targeting to a broader, more flexible strategy that allows higher inflation. I don't think they have a choice if they want to get out of the trillion dollar debt problem alive. They are going to devalue the US dollar.
The dovish signals from the Fed are not isolated. Other central banks, including the Bank of #Japan and the #Swiss National Bank, have also shown a propensity towards maintaining loose monetary policies. This global dovishness reinforces the appeal of non-sovereign assets like #Bitcoin, as investors worldwide look for ways to protect their wealth.
Translation...bitcoin is going higher...much higher.
You can sum it all up as "collectivism." All just different flavors of collectivism.
Thanks Jack. I knew a lot of this history but learned about some new players. Bravo for sharing this!
Does anyone have any thoughts on what is going on here with the USD/JPY pair? It’s is back at intervention levels but the DXY keeps trending down. Will they have to weaken the $ again to keep the lid on USD/JPY?
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l
Everybody benefits from a weakened dollar. That weakening will continue because the US really needs that right now.
Looks like some shorts have been getting their faces ripped off this afternoon post-Powell presser.
I feel ya. Frick the bird app.
If I told you actor Woody Harrelson's father was one of the shooters you probably wouldn't believe me would you?
Damn. I thought you was dead. Glad to see that's not the case.
In honor of TikTok muting all our vids and people being bearish at $69k✨🪓 https://video.nostr.build/a1182bc09678c05942fb3952f9eb3bec21de4f10f469967b0bb6827c49c2955e.mp4
5th highest daily close in Bitcoin's history and people are melting. LOL!
After all the hysteria of the past 24 hours, Bitcoin still finished the day with the 5th highest daily close in its history. Chill people. When in doubt...zoom out.
“What is Nostr?” explained in 49 seconds by me and nostr:npub1hu3hdctm5nkzd8gslnyedfr5ddz3z547jqcl5j88g4fame2jd08qh6h8nh 🤙
Keep doing God's work you two!
I'm still trying to figure out who is selling all this corn at such low prices.
How do you like your eggs cooked with your steak? And any steak cooked more than medium rare is a crime against humanity IMO.
