When The Chair of the Federal Reserve... the Federal Reserve...
Says that the government needs to increase its debt in order to pay off its debt...
and isn't being sarcastic...
We know we're headed for a wild ride.
REMINDER,
The fed can print money to buy government debt and charge the government 0% interest while at the same time increasing interest rates for us.
There no law or rule that says different.
They can squeeze and ease simultaneously.
While westerners on Twitter are busy calling #Bitcoin a scam and a cult, people in Lebanon, Nigeria and Afghanistan are using it to escape central bank and government destruction of theor wealth.
Abandoning Twitter now is a bad move.
Most people don't understand Nostr like they dont understand Bitcoin.
We need to educate and protect newbies from the scams that we fell for... we can't do this here... it useless here... everyone on here gets it....
We need to be where the takers are...
The Fed is fighting 1940's style inflation with 1970's style tactics.
The fed is the funds to service the interest payments on its bonds
The Fed is going to act like a Ponzi in order to sustain itself.
I keep saying this again and again. The fed will not pivot and market sentiment is hopium because they still believe that the fed has control...
When the market figures put that they don't... the house of cards falls...
Inflation isn't dropping.
Expect interest rates to climb higher and more pain to come in the markets...
Bitcoin will continue to be tethered to commodities with such a low market cap..... expect pain for Bitcoin
but
hope for the best
In a couple month's, the fed will officially be opporating like a Ponzi.
'Its a months away from having negative tangible equity for the first time in modern history." Lyn Alden
Fiat = Ponzi.
Fed = Ponzi
Yet #Bitcoin is a scam?