Economics
The American Consumer is About to Run out of Money
"Rolling Recession" about to get a lot bigger
"Rolling Recession" about to get a lot bigger
Why on God's green Earth would anyone lend this entity money?
People aren't confident in the US economy at the moment and are actively offloading US debt as a result.
Given the current global economic backdrop of soaring debt levels, excessive deficit spending, emergent inflationary pressures, and financial uncertainty, the principles of Austrian economics appear strikingly relevant.
What we are witnessing now is a scenario so perplexing that it is completely borking the "irrational longer than you can stay solvent" trades.
Do we need inflation? Should we be thanking the Fed for everything they steal? One of the biggest barriers people have to replacing paper money with gold or Bitcoin is the idea that inflation is necessary. Central banks, and the academic economists they pay, have been very successful at convincing
"Rolling Recession" about to get a lot bigger
Why on God's green Earth would anyone lend this entity money?
People aren't confident in the US economy at the moment and are actively offloading US debt as a result.
Given the current global economic backdrop of soaring debt levels, excessive deficit spending, emergent inflationary pressures, and financial uncertainty, the principles of Austrian economics appear strikingly relevant.
What we are witnessing now is a scenario so perplexing that it is completely borking the "irrational longer than you can stay solvent" trades.
Do we need inflation? Should we be thanking the Fed for everything they steal? One of the biggest barriers people have to replacing paper money with gold or Bitcoin is the idea that inflation is necessary. Central banks, and the academic economists they pay, have been very successful at convincing
This is an alarming trend that, if it is real, signals tough times ahead.
The 19th-century gold rush serves as a compelling analogy for bitcoin's supply-demand dynamics and its ultimate use as a medium of exchange.
The fiat system is immoral and evil. It corrupts and robs; enriches the wealthy at the expense of everyone else; and allows the ever-creeping growth of government surveillance and control.
Boomers and Gen X own approximately $126 TRILLION of assets. But despite their tremendous amount of wealth, they are in a precarious situation.
The fiat maxis really don’t want people to save money. https://t.co/7hR7QJJLya — Marty Bent (@MartyBent) September 13, 2023 "No currency should be able to buy the same basket of goods over very long timespans through hoarding." This is a line that people who have been
