Proof of Steak on Nostr: NOSTR late night thoughts. It’s pretty clear to me that Powell is going to crash ...
NOSTR late night thoughts. It’s pretty clear to me that Powell is going to crash the system. I’m of the opinion he has a few objectives, collapse the Eurodollar market, send net interest expense to 1T and by doing so force feed a real fiscal debate down the throats of Congress/WH.
Is it coordinated so everyone can reset with a cbdc? Asia, Europe, perhaps, but the US isn’t getting one, not yet anyway, not as long as Powell is around and he has 3.5 years left. I think part of his objective is to create usd demand in the wake of the crash and Euro/Asian CBDC rollouts to offset recent BRICS+ dedollarization moves.
We know what CBDCs are. We know people will find and use alternatives. What if Powell is banking on this too? We think btc is the obvious alternative. He thinks the dollar is. We’re probably both right.
Is it coordinated so everyone can reset with a cbdc? Asia, Europe, perhaps, but the US isn’t getting one, not yet anyway, not as long as Powell is around and he has 3.5 years left. I think part of his objective is to create usd demand in the wake of the crash and Euro/Asian CBDC rollouts to offset recent BRICS+ dedollarization moves.
We know what CBDCs are. We know people will find and use alternatives. What if Powell is banking on this too? We think btc is the obvious alternative. He thinks the dollar is. We’re probably both right.