108 sats \ 6 replies \ @tomlaies 16 Mar 2023 \ on: Fed Balance Sheet Explodes By $300BN As Bank Bailouts Lead To Record Discount bitcoin
I encourage everyone to look at this link: https://fred.stlouisfed.org/series/WALCL
I personally find it breathtaking to think how we're literally living through history being made. And I don't see any scenario where the coming few years aren't stagflation. I like to be an optimist but this is really emotional and I can't fathom how it isn't for so many people out there?
I agree. Since 2008 this is irreversible. My only question is whether it will involve a world war or not.
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A collapse seems inevitable to me. Especially when you look at world history. It always happens. Systems fail, its just a matter of when and how much wreckage.
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Why collapse? What factor makes you think a big event is more likely than long term hardship of stagflation? I can't follow
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When I say collapse I mean the dollar. But I also mean the US control over the financial system. Why? The short reason is that you can't do what they are doing forever without it collapsing. You can't keep inflating supply forever. All fiat currencies have collapsed. They politicians don't always admit it but it is true. Like I said, the question is when. It may be in the next year, next 5, or next 20. I don't know.
Read Mandibles btw. Great book.
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Most don't understand their own checking accounts, let alone the Fed's exploding balance sheet 🤷♂️
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Banks will still exist for the people too dumb to manage their own money.
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