Yes and following your logic, talk to BTC Maxis and they’ll think like BTC Maxis.
I land somewhere in the middle, believing that in a scenario of hyperinflation, we will see dollar denominated assets inflate and that includes BTC.
I don’t buy into the USD hyperinflating and crashing. However, we’re gonna see some bad shit. I think high levels of prolonged inflation is very likely
Posted Using LeoFinance Beta
The business cycle remains undefeated. That is bad shit happening and a cleansing. This is what an economic move down does.
Depends upon what prolonged is. There is not the money out there to sustain the higher prices and the Fed is looking to pull things way back.
That doesnt mean we get a change by the next CPI but the fallout (results) from the actions over the last will hit by year end or early 2024.
Posted Using LeoFinance Beta
The cleansing is just as important as the boom. As with living organisms (including human beings), toxicity needs to be flushed from the system before good health can be restored.
This requires momentary discomfort, but that can't be helped. Instead, we get denied the momentary discomfort only to deal with a protracted discomfort later. People knew this in 1921, but it seems like an ancient mystery to people since.
Posted Using LeoFinance Beta
That is true. People think they can stop the business cycle and alter it. People want the boom without the bust.
Thousands of years shows the bix cycle is undefeated.
When the downhill slide starts, prices decline as things fall in value.
It is the money on one side, assets on the other of the see saw.
Posted Using LeoFinance Beta