Dr. Jeff on Nostr: What I'm watching... š The fiat brains are astonished by the INCREDIBLE STRENGTH ...
What I'm watching... š
The fiat brains are astonished by the INCREDIBLE STRENGTH OF THE US DOLLAR, as shown in the $DXY daily chart, which is up nearly 7% since the beginning of 2024.
Relative to other nation state fiat currencies, this is quite a bold move.
However, what fiat-brained economists, journalists, and their teleprompter writers fail to understand is that the US dollar has actually lost -52% in real (#bitcoin) terms over the same time period.
Their "dollar wrecking ball" has basically been cut in half over the past year, when using an appropriate measuring stick.
Lesson:
Choose your denominator wisely, or you will be as foolish as a fiat brain.
The fiat brains are astonished by the INCREDIBLE STRENGTH OF THE US DOLLAR, as shown in the $DXY daily chart, which is up nearly 7% since the beginning of 2024.
Relative to other nation state fiat currencies, this is quite a bold move.
However, what fiat-brained economists, journalists, and their teleprompter writers fail to understand is that the US dollar has actually lost -52% in real (#bitcoin) terms over the same time period.
Their "dollar wrecking ball" has basically been cut in half over the past year, when using an appropriate measuring stick.
Lesson:
Choose your denominator wisely, or you will be as foolish as a fiat brain.