THE BITCOIN CHRONICLES ISSUE #2: “GRADUALLY, THEN SUDDENLY”; HEMINGWAY’S WARNING ABOUT HABITS
HI DENIZENS, AND WELCOME BACK!
"GRADUALLY, THEN SUDDENLY"; HEMINGWAY'S WARNING ABOUT HABBITS"
Keynesian economics, global reserve currencies, and fiat money is a pattern of insanity that's been playing itself out over and over again, for thousands of years. We just don't learn. Or do we? This process of insanity is the literal inspiration for Bitcoin's creation. Excessive overspending leads to excessive currency manipulation. This Currency manipulation leads to uncontrollable inflation. this inflation leads to a course correction of interest rate hikes and tax increases. this, in turn, initiates the Fiat collapse.
"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to their owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it."
-Ayn Rand
BACKGROUND:
Debt is the amount of money owed to someone else
Deficit refers to negative net money
Governments are borrowers whose debt is maxed out
They owe monthly interest expenses to Central Banks and Lenders.
When Interest rates are raised, they owe more.
Government Debt is then issued (bonds) to fund Deficits.?
If the market doesn’t want to buy, Intrest rates go higher. This process continues until “no-bid”.
“No bid” on Government bonds = No liquidity for Governments to pay their bills
The world today is 400 Trillion (and climbing) in Debt
We make 100 Tillion (and Shrinking) annually
We’ve Printed 250 Trillion in the last 20 years
80% of that has been printed in the last 2 years
“Once the base layer of money is corrupted, everything is corrupted”-Jeff Booth
THE RESET, MY THOUGHTS
Don’t think of your money as wealth; Think of it as “Government issued debt certificates, undergoing slow-motion default, through inflation.”??
Currency debasement is a pattern of economic insanity that’s been playing itself out over and over again… for thousands of years.
The Main Stream has no clue what the problem is, period. Red VS Blue, Left VS Right, and “Enemy” VS “Allies”; It’s all noise. The fundamental problem is that our money is broken.
The solution is that we need a currency reset based on sound money, not CBDC’s
Any leader who tells you the system can fix it, is either lying or doesn’t understand the problem. Everything that we’re seeing and hearing on the news today is the noise created by that simple fact.??
We are in the end game of fiat money and The Fed has lost its mind. They had 50 years to make it work and blew it on transitory inflation. They printed way too much money and they know it. Inflation is running as hot as the sun and they’re scared
They’ve become the compulsive gambler at the casino at 2 am on a Tuesday. They’ve lost it all and are now making increasingly stupid moves. The clown car bouncing off the rails of inflation and deflation. They’ve fallen asleep and hit the inflationary rail. Now they’ve slammed on the brakes, salvage whatever credibility remains, and get back to the middle of the road.
Now, the’ve walked themselves into a corner there’s no way they can “Pivot” without a serios reason. On their next move, their credibility is gone regardless.
According to Lawrence Lepard, “My guess is that they continue until something breaks. J. Powell said he wants to be Paul Volcker which means he’ll keep raising interest rates.”
They’ve made it clear that they’re continuing on this path, even if it trashes the world economy and all our trading partners
Fed will become like the UK; where the Pound crashed and they had to massive QE and reverse all their policies.
THE DEFLATIONARY DEATH SPIRAL EXPLAINED
As we unravel, Interest rates go higher, the deficit gets bigger, interest expenses increase, more debt (bonds) is issued, and Interest rates go higher……cycle repeats until “No Bid”
“No bid” on Government bonds = No liquidity for Governments to pay their bills
The Deflationary Death Spiral has now reached the Fed leading to the US Currency crisis and forcing Pivot
Hyperinflation “Be Damned”, is where the pace of the global fiat system collapse rapidly increases. Here is when we begin to see the government CBDCs narrative being gradually, covertly, and insidiously sold and introduced
We’ll experience a dramatic smear campaign on bitcoin and crypto from governments prior to the rollout of CBDC’s
This all starts happening by mid-2024 at the latest
You heard it here first my fellow denizens… unless you didn’t
?THE END GAME, MY THOUGHTS
1) The Federal Reserve- which is not federal and has no reserve- will “publically” keep raising rates until the US dollar starts to break, regardless of the global impact- which you may be starting to pay attention to now with Japanese, Swiss and British, and German banking systems starting to crack.?
**Notice how I’m only including rich nations?.. That’s because developing countries are used to this type of madness and we’re not. But it’s coming to us**
2) J. Powell will resign or get fired
3) The fed will “pivot” and start printing until we enter the Weimar republic, Zimbabwe, and Venezuela zone… globally
4) You’ll all start hearing about CBDCs (The Tyrant’s dream money) more and more- different times in your respective countries depending on the rate of your currency collapse
5) It’s already playing out now but we can still pretend “everything’s fine” and it only happens “over there”. The Pivot will happen in 18 to 24 months.
Recommended Investment types for the 4+ year plus holds;?
Gold,?
Silver?
Commodities
Commodity-based technology (semi-conductors)
Farmland
Bitcoin
** Gold is going to 5K on its way to 10K and Bitcoin is going to 100K on its way to 1 million in the reprice after the collapse**
FINAL THOUGHTS
The British Pound is the only fiat currency in the history of humanity that lasted over 100 years without collapsing- today it’s worth 1 tenth of 1% of its original value- Think about that…
Keynesian economics, global reserve currencies, and fiat money, in general, is a 50 to 80-year unsustainable Ponzi scheme that always collapses… always. And now it’s happening to us.
The Feds Priority is to maintain dominance as the global reserve currency.
WW3 is on and the objective is Global reserve status. The Fed CBDC vs BRICS.
Jerome Powell said he wants to be like Paul Volcker, which means he’ll keep raising interest rates..
The one thing that the Fed does care about is the continuity and integrity of financial markets-but nothing else.
This means that the potential collapse of currency institutions and governments of G7 countries is irrelevant. We’re already seeing cracks in Japan, Switzerland, Germany, and the UK.
Problem – Our money is Broken.
Solution – Currency reset based on Sound Money.