“Mr. Transitory” just told NPR that the Fed got it wrong on inflation. They should have hiked the rates sooner, in hindsight.
You don’t say?
You told everyone for a whole year that inflation would, “Go away. Don’t worry. It will all be fine.”
Anyone with common sense knew that was foolish.
We printed ~40% of all currency in the country’s history in just the last 3 years.
Every single one of those dollars HAS to go somewhere.
This is why 12 men in a room trying to figure out economic policy for the free market of 8 billion+ people is a fool’s errand.
Completely destroying the wealth of its people and creating a wealth gap not seen before between the 1% and the rest of the world.
Central banking elites and politicians did this.👇
So what do we do?
Outsource your monetary policy to the immutable and predictable bitcoin network immediately.
It is a great time to admit you don’t know what you are doing, Jay.
You are already half way there.
Make the jump and go all in.
Russia is already pricing oil in bitcoin and gold so we are already behind the curve.
Russia and China, plus your Fed have all said they are going to stop completely or at least really slow the purchases of bonds from the U.S.
Plus you have American worker showing investors that they should have no faith long-term in the trajectory of their working output ie. worker output the lowest since 1947.
Who would ever want to take our bonds, uncertain they will ever get paid back? Whether through inflation eating at the bonds (soft default) or through straight non-payment (hard default).
The ramifications of this are that the Americans are left holding the bag in the form of higher prices with bonds going through the floor and rates going to the moon.
Now long-term this would actually be good as it would cause the restructuring and removal of all bad actors in the system like a forest fire cleaning everything so good can thrive again.
In the short term there will be carnage but that’s Darwin, right? The strong and the smart will survive.
We have lost accountability and it needs to make a comeback.
Failure is how we learn.
We are actually stunting growth and progress by bailing out zombie companies.
Bitcoin doesn’t allow for bailouts.
It doesn’t allow for crony capitalism.
It doesn’t allow for the lies and opaqueness.
It is the freest and and fairest market ever conceived that trades 24/7 and has no “hours of operations” or slimy traders manipulating things “after hours.”
Are we going to use the next iteration of the internet to become the leaders of blockchain and AI/VR/5G/3D printing or are we going to cede to the Chinese and Russians?
The moment is upon us. Any politician that is against bitcoin is against individual freedom and standing in the way of progress for America…and for humanity.
If not, we will go the way of the CBDC (Fed spy-coin) where everything in your life is tracked and government tells you what you can or cannot do. Literally.
More to come on the most evil technology to exist that Orwell warned us about…
Stay strong,
Brandon
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Author Brandon Gentile
