Politicians will resort to their easy button, villinaising producers, implementing energy subsidies for consumers, and in the worst case, using price controls. The summation of these popular quick fixes for inflation will be increased government spending.

The central bank will be called upon once more to explicitly or implicitly finance the government through bond purchases funded by “money printer go brrr.”

Currently they call this “Modern Monetary Theory,” although it used to be called money printing. Same sauce, different packaging.

I hope you understand after reading this essay [that] the value of inside money has drastically declined in the past few weeks.

I am fully confident that over time some central banks may tire of shipping gold around the world to pay for things. They would rather conduct a small but rising amount of trade in a digital currency, which would naturally be Bitcoin.

If you believe you should spend fiat and save gold, the mental leap towards spending fiat and saving Bitcoin is minuscule.

On a medium-term basis, it is time to back up the John Deere excavator and scoop up as much gold and Bitcoin as you can afford. This is it, the start of a monetary regime change. Nothing lasts forever, and the days of Petro / Eurodollar supremacy are over. The phase shift will be chaotic, it will be volatile, it will morph, but it will 100% be MASSIVELY inflationary in fiat currency terms.

Don’t let anyone paint you as a stark raving Cassandra for taking drastic action to protect your standard of living by saving using different types of monetary hard assets. You cannot cancel the largest energy producer from a monetary system without massive repercussions.