0 sats \ 2 replies \ @Jonathan_Adly 19 Feb 2023 \ on: Ghana At The Threshold Of Default bitcoin
That’s the thesis behind why the Fed can’t continue to raise rates and have to live with a 4% CPI for the next few years.
Higher for longer, means lots of political upheavals and social instability that will eventually hit the US itself. Wall Street is right, rates won’t go more than another 0.5 and will come down before the year end.
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10 sats \ 1 reply \ @TomK OP 19 Feb 2023
I think it already hit Main Street. But the Fed is fighting the WEF-commies and their money printer ECB. They also need to sterilize the backfloating dollars from the failing petrodollar system before they lead to hyperinflation. They go way higher than 6% imo. Let's see
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0 sats \ 0 replies \ @sudonaka 20 Feb 2023
there is no way out for the dollar
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