Bitcoin and The Bond Market: Why The Many are Predicting Rate Cuts and Stimulus and The Alternative View To Consumer Price Inflation – April 14, 2023,
Currently, Members of the Chinese Communist Party have large holdings in Bitcoin, but even their large holdings aren’t enough to push the price of Bitcoin to $ 30,000 USD all by themselves. Based on my data, people in the marketplace are beating big that Rate Cuts and stimulus spending are coming.
I think this is possible. However, the Western Worlds War on fossil Fuels is clearly causing consumer price inflation, and from where I stand, that equates to the central banks having ZERO control over consumer price inflation.
Consumer prices are because of Federal policies from Western leaders on fossil fuels; this isn’t a secret anymore. Obviously, earlier on, when many believed the Federal Reserve when it said inflation was transitory, meaning that inflation would RETREAT, some imagined that the war on fossil fuels had nothing to do with consumer price inflation.
But obviously, people who share my views on the PETRODOLLAR have concluded that even if I’m not 100% correct, there’s some substance to what I’ve been writing about for years now.
There are people who claim that “it’s all about the Fed;” I’m in the “it’s all about Democracy camp.” Idiot voters will vote for idiot things; that’s my position.
Accepting that Socrates was seeing far into the future is hard for many to comprehend, but Socrates is 100% correct, and eventually, humanity is going to have to get more serious about how to properly set up a Republic.
We are repeating history by allowing idiots to destroy civilization; imagine how better off humans would be if idiots were not in the way of productivity. Money is nothing but a medium of exchange, and Bitcoin as money is currently a failure; I’ve been saying for years now, that it will be extremely difficult to value Bitcoin if the U.S. fiat dollar system fails.
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Gold works on the blockchain; Gold works so well on the blockchain that it could even take on other physical, decentralized forms in the event there’s a power failure; Bitcoin on the flipside is 100% digital, 100% grid, and internet reliant.
The Bond Market is also a joke, which to me is why both Bitcoin and the Bond Market are working in tandem to make the same bet. As I’ve stated plenty of times, central banks exist merely for the benefit of the Federal government.
The central bank raising rates is there to tell the Federal Governments that they’re doing something wrong and austerity should be imminent. Austerity is a hard sell in a democracy, but if the economy keeps shrinking and deflating and there are calls from the Bond Market to increase the money supply, well now you’re asking for hyperinflation because this is how SHORTAGES happen.
The war on fossil fuels by idiot voter have led to higher costs for businesses, which would be fine if consumers could or were willing to pay higher prices. The evidence either suggests this economy is not a reflection of demand or the consumer can’t or doesn’t have the money to pay for an economy in which the GOVERNMENT is trying to phase out fossil fuels.
Now, let’s imagine the U.S. government wasn’t already Trillions of dollars in debt and instead had a trillion-dollar surplus, well then I would understand cutting rates until the coughers were dry, but we forget about the welfare state before the war on fossil fuels, that welfare state still wants to it’s free to check every month.
and those free checks being deployed have no PRODUCTIVITY attached to them, meaning that prior debt-financed welfare is INFLATIONARY. You have to remember that when the government redistributes money, it’s a form of MALINVESTMENT; these welfare checks are sending out INCORRECT pricing signals to the market.
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Unproductive people are able to spend money as if they were productive; that in itself is a trade deficit; what I’m getting at here is that if the Federal Reserve and other central banks lower interest rates, they’re INCENTIVIZING people to be less productive.
This all sounds great until the bill comes due, and the only way to pay the bill is to double, triple, or quadruple the existing TRILLIONS of dollars of debt. While this is happening, by the way, you have to think that Left Wingers are going to be pushing for MORE REGULATIONS and higher taxes, because, after all, they were showered with free money for their prior STUPID ideas.
So for myself, I think the Bond Markets and Bitcoiners are right in their assumptions, but this is not a bet I’m willing to take because both the Bond Market and Bitcoin are heavily reliant on the U.S. dollars hegemony, yet they’re betting against it?
Interesting times ahead!