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“Unfortunately, politicians hold the conviction that money growth gives us economic growth. They are blind to the fact that government cannot create anything. Government cannot make man richer, but it can make him poorer.” - Mark Spitznagel
Anthony Pompliano 🌪x.com
The “debasement trade” - aka the “Turboamerica trade” after @FistedFoucault’s prophetic essay - is really starting to take off. When “debasement” becomes a consensus trade it’s hard to imagine putting the genie back in the bottle. 💵📉 https://t.co/t1zNICkSXE
Ok babe, so since the Treaty of Versailles, the world has been in a debt cycle loop. This makes governments debase their currency at ~8% a year.
Now, if you add inflation, currently around ~3%, the new hurdle rate is 11%.
Stocks, houses, diamonds, even my fancy Patek babe, they’re all... See more
Alors que du temps de l'économiste autrichien Menger les critères de détermination de la meilleure monnaie étaient sa vendabilité et son adoption par le marché, au XXe siècle, le contrôle étatique de la monnaie a ajouté un autre critère important pour qu'une monnaie soit considérée comme la meilleure : sa vendabilité selon le bon vouloir de son
... See moreMarie Oneissi • l'Étalon-Bitcoin
Before Scott Bessent became US Treasury Secretary he wrote this:
From his January 2024 Key Square Capital Management letter: “We believe that this inappropriately easy policy inflated the dot-com equity bubble…” “Our base case is that a re-elected Donald Trump will want to create an economic lollapalooza and engineer... See more
Lawrence Lepard, "fix the money, fix the world"x.comMSNBC guest says, “If you think MAGA is a strong political movement, just wait until you see bitcoiners” https://t.co/S1kzMGF5MA
Documenting ₿itcoin 📄x.comThe ₿ Word Bitcoin As A Tool For Economic Empowerment LIVE
youtube.com
Explaining why crypto has low correlation with risk assets and predicting its future as a major institutional asset class.
TRANSCRIPT
Yeah, so I actually strongly believe that Bitcoin and other blockchain assets are going to generally have a very low correlation with risk assets.
The reason is smart money doesn't own it.
And the reason all these other weird asset classes that intrinsically have nothing in common or highly correlated is modern portfolio theory was so successful
... See more