Mike Maloney made a good point that while there have been many fiat currencies throughout history, this is the only time that every country has been on a fiat system simultaneously
I bought my first XRP today on Coinbase, and revisited how to access my Ledger Wallet; MAJOR learning curve. This crypto world is very complicated. I realize I will have to learn it and would rather do it now.
Wednesday doesn't matter and is irrelevant. The dollar has already collpased and has been hyperinflating. The Fed will continue to Hyperinflate the dollar just as they have been doing the past 16 years. Nothing about it changes on Wednesday or the days after. The country and gov has already collapsed. We are well past the point where rates cuts or increases mean anything. Printing currency with raised rates just helps to collpase things faster. Which is why the Fed raised rates on purpose with continued QE in the first place. To get us where we are today to roll out the new CBDC/crypto economy. Which they are signaling is right around the corner. .25 or .50 cuts or increases in rates are a nothing burger at this point. The only thing that is relevant now is purchasing power. Which the dollar has none even though its still accepted as a form of payment......... we've already reached the end of the road. Wednesday is nothing more than a psychological operation/distraction to keep people from focusing on what I stated above which is, it's already over; people just haven't figured it out yet. Rate talks and Jacksonhole type speeches are just window dressing to make it seem as if everything is business as usual when all the lights are already out. Most of us financial press or talking heads are just chirping in the dark at this point.
thank you for the Update Greg.........muchly appreciated
Mike Maloney made a good point that while there have been many fiat currencies throughout history, this is the only time that every country has been on a fiat system simultaneously
don't worry Trump to the rescue! (NOT)
I bought my first XRP today on Coinbase, and revisited how to access my Ledger Wallet; MAJOR learning curve. This crypto world is very complicated. I realize I will have to learn it and would rather do it now.
Yep. They will inflate to infinity. That is all they have.
Inflation isn't too bad if you live outside don't eat or drive
Huge problem when money supply grows faster than GDP each additional dollar of debt only results in a fraction of a dollar of GDP
Hate and Fear are two sides of the same coin.You had to clean house Greg and you did. It smells a lot better today! Thanks.
As of August 13th 2024, the most recent numbers I can find show the world in 315 TRILLION in debt... Not to be the bearer of even worse news...
Thank You Brother. 🙏✝️👍
Death by Inflation .... alohaearl the inflationologist
Keep "preaching" your message. Some awaken more slowly than others!
Gold,silver and crypto.
If this doesn't wake folks up nothing will
The crash cart is unlocked and ready for the pt to crash- God help us.
What are we to be positioned in? I have gold, silver, a bit in the stock market ,cash, food ,water. prayers!🙏🏻
Ur set now go and pick up a hobby sport Learn how to foil !!
Hey Greg, just my two cents;
Wednesday doesn't matter and is irrelevant. The dollar has already collpased and has been hyperinflating. The Fed will continue to Hyperinflate the dollar just as they have been doing the past 16 years. Nothing about it changes on Wednesday or the days after. The country and gov has already collapsed. We are well past the point where rates cuts or increases mean anything. Printing currency with raised rates just helps to collpase things faster. Which is why the Fed raised rates on purpose with continued QE in the first place. To get us where we are today to roll out the new CBDC/crypto economy. Which they are signaling is right around the corner. .25 or .50 cuts or increases in rates are a nothing burger at this point. The only thing that is relevant now is purchasing power. Which the dollar has none even though its still accepted as a form of payment......... we've already reached the end of the road. Wednesday is nothing more than a psychological operation/distraction to keep people from focusing on what I stated above which is, it's already over; people just haven't figured it out yet. Rate talks and Jacksonhole type speeches are just window dressing to make it seem as if everything is business as usual when all the lights are already out. Most of us financial press or talking heads are just chirping in the dark at this point.
-Dillon Critique from what's THE DILL? (substack)
https://www.blackboxpolitics.substack.com