Chris Liss on Nostr: A few things that occurred to me: If saylor is really doing a speculative attack on ...
A few things that occurred to me: If saylor (npub15dq…lm5m) is really doing a speculative attack on the dollar (and he’s not the only one), first off, he better hire some good security.
Second, if the dollar is under speculative attack, which it seems to be, then Powell will have to raise interest rates, not lower them. If he lowers them, the attacks will escalate.
Third, if he raises rates to defend the dollar, bonds will get killed even more. Imagine owning long-term debt in a currency that’s under speculative attack!
Fourth, if the US raises rates, other countries will have to raise theirs too, otherwise no one will buy their debt. But they too are under attack, and they are even less likely to be able to service the higher rates. I’m not sure what they can do.
Fifth, if the US realizes it can’t defend against the attack, it’ll have to buy bitcoin while it still has the resources ior seize it from the ETFs 6102-style (per preston (npub1s5y…6q7z)).
Sixth, if this is occurring to someone like me who knows nothing, it’s probably occurred to people in the USG. Might they conclude that it’s time to raise rates high enough to slow down the attack, acquire some coins by hook or crook, and gain a relative advantage over the rest of the world by owning a disproportionate share of its digital gold?
I’m probably missing something, but wanted to put this out there.
Second, if the dollar is under speculative attack, which it seems to be, then Powell will have to raise interest rates, not lower them. If he lowers them, the attacks will escalate.
Third, if he raises rates to defend the dollar, bonds will get killed even more. Imagine owning long-term debt in a currency that’s under speculative attack!
Fourth, if the US raises rates, other countries will have to raise theirs too, otherwise no one will buy their debt. But they too are under attack, and they are even less likely to be able to service the higher rates. I’m not sure what they can do.
Fifth, if the US realizes it can’t defend against the attack, it’ll have to buy bitcoin while it still has the resources ior seize it from the ETFs 6102-style (per preston (npub1s5y…6q7z)).
Sixth, if this is occurring to someone like me who knows nothing, it’s probably occurred to people in the USG. Might they conclude that it’s time to raise rates high enough to slow down the attack, acquire some coins by hook or crook, and gain a relative advantage over the rest of the world by owning a disproportionate share of its digital gold?
I’m probably missing something, but wanted to put this out there.