Is it too soon to talk about Crypto yet?

[rumwrks]

1, 2, 3 don't apply here. So in this case there must be a goal #4. Maybe to benefit the proponents? In particular if the proceeds from selling off national assets are then 'invested' in a Ponzi scheme.

Seems pretty obvious that the goal is to cash out the crypto holders (and producers..) who've been busy openly bribing the very people suggesting this thing and leave the taxpayers in the lurch. Anyone who thinks differently is either fooling themselves or just claims otherwise because they're also hoping to cash out.

 

[MinnesotaEric]

1, 2, 3 don't apply here. So in this case there must be a goal #4. Maybe to benefit the proponents? In particular if the proceeds from selling off national assets are then 'invested' in a Ponzi scheme.

You missed something: the world is shifting under our feet.

The old world was ruled by interest rates and investors who watched the Fed interest rate like hawks.

For decades investors watched the Fed's rate changes and quantitative easing was the game. But today, it’s the U.S. Treasury and Congress—not the Fed—that are setting the tone. Our National Debt is too big and because of that, our central bank's traditional monetary policy is cornered. When deficits become so large central banks lose control and their tools don't work the same. They can’t raise rates too far, they can’t shrink the balance sheet for long and they can’t fight inflation without fiscal crisis. So they stop fighting.

So, kinda like Quick's third option of revenue running out in the future, except the goal of our sovereign wealth fund is to punch out of Fiat devaluation.


Bitcoin isn’t just surviving this transition, it is being repriced for it.

 

[MinnesotaEric]

Seems pretty obvious that the goal is to cash out the crypto holders (and producers..) who've been busy openly bribing the very people suggesting this thing and leave the taxpayers in the lurch. Anyone who thinks differently is either fooling themselves or just claims otherwise because they're also hoping to cash out.

Or we're realists and recognize that Bitcoin is monetary armor.

The U.S. is locked into perpetual deficits. What’s your escape plan?

 

[California]

Or we're realists and recognize that Bitcoin is monetary armor.

The U.S. is locked into perpetual deficits. What’s your escape plan?

Bitcoin will reduce deficits?

How does that work?

 

[MinnesotaEric]

Bitcoin will reduce deficits?

How does that work?

Bitcoin will not reduce deficit spending.

As I stated in post 312, deficit spending is here to stay.

But deficit spending continually reduces the value of fiat currency.

And storing fiat currency means losing wealth.

So the question is how to maintain or grow existing wealth?



One answer that is increasingly becoming popular is by converting fiat into Bitcoin.

 

[California]

Your wealth in Bicoin is going to grow only so long a there are people willing to buy it from you for more than you paid. No different from the Melania coin.

 

[MinnesotaEric]

Your wealth in Bicoin is going to grow only so long a there are people willing to buy it from you for more than you paid. No different from the Melania coin.

This real estate thing is a trap as well!

Maybe it is time to learn about money?

Think about it:

Do you think the purchasing power of the dollar is going to increase or decrease in the future?

Do you think that indebted nations will print more money or less money in the future?

Do you think that those same indebted nations will expand their money supply faster than population expansion?

Do you think that those same indebted nations with shrinking populations will shrink or expand their money supply?

Do you think that the purchasing power of the US dollar will increase or decrease against the value of Bitcoin?

 

[Fuddyduddy1952]

Do you believe you're a more financially astute investor than Warren Buffet?

 

[California]

This real estate thing is a trap as well!

Maybe it is time to learn about money?

Started from nothing, retired at 54. Money I had made in real estate by then, has continued to provide us a comfortable life now 25 years later.

Now we're banking 529 funds for grandchildren.

Maybe I could teach you about money.

 

[rumwrks]

Or we're realists and recognize that Bitcoin is monetary armor.

The U.S. is locked into perpetual deficits. What’s your escape plan?

I don't need one because I'm invested in a broad market that has outperformed inflation consistently over the long term for the past 100+ years and is based on actual companies making actual products that people can actually use. I started with a large negative and am now what I would personally consider fairly well off... (well off enough to last until I die by any actuarial table and then some anyway).

BTC has been fluctuating MORE than the normal market (and yeah blah blah chance to buy... yawn..) which is not "decoupling" (lol) since it keep tracking the same trends except with wider swings (sometimes delayed a few days at which point the stupid hype machine kicks back in....). I've haven't seen a significant general market correction where BTC didn't dip more. The only reason it ever got a foothold at all is because interest rates were so low people were able to arbitrage into it with the easy money. If we have a real market correction you can bet your last satoshi that the BTC holders will be rushing the door even harder than the people invested in traditional finance.

The only support BTC has is the fact it's not regulated properly and is rife with wash trading and other pump & dump scams and schemes (Tether printing another few billion of unbacked nothing to dump into the market and prop it up everytime we turn around.. which is *somehow* to the BTC maxi's so much not a problem where they consider the fed printing money one.. Even though the fed is backed by national monetary policy and tether is backed by .. well.. known and previously convicted scam artist crooks printing fake money mostly...).