mckontext on Nostr: “The last great bubble is faith in central banks.” ― Michael Gayed That is also ...
“The last great bubble is faith in central banks.”
― Michael Gayed
That is also true of bitcoiners, gold bugs and others who have learned about the inherent evils of the central banking Ponzi scheme. Because everybody still seems to think that central banks providing massive amounts of liquidity will be stimulative by default. And I get why it’s easy to believe that - it has been true throughout all of our lifetimes. But what if that stops working? What if the crisis gets so bad that literally all of the money they print, no matter how much it is, will go only towards putting out fires, both literal and metaphorical? To subdue protests, to provide emergency services amidst chaos and turmoil, to feed people who have lost their jobs (and perhaps families), and who are unable to put food on the table in an increasingly stagflationary environment? To pay off interest on national debts, to prevent the bond and stock markets from completely collapsing, to bail out banks (of course), to provide emergency housing, to introduce and enforce increasingly Draconian measures in order to suppress the uprisings, revolutions and capital flight? To hunt down and persecute the dissidents, the rebels, or whoever they deem is "to blame” for whatever is happening?
I hope I’m wrong here, as in - it does not get as bad as described above. But I think it is important to keep in mind that we are, from a historical perspective, in the Fourth Turning of a generational cycle and this sort of stuff is usually embedded into the societal shift that is happening.
Stay safe, stay sane, and most importantly, take care of yourselves, friends 🧡🤠
WAGMI #plebchain
― Michael Gayed
That is also true of bitcoiners, gold bugs and others who have learned about the inherent evils of the central banking Ponzi scheme. Because everybody still seems to think that central banks providing massive amounts of liquidity will be stimulative by default. And I get why it’s easy to believe that - it has been true throughout all of our lifetimes. But what if that stops working? What if the crisis gets so bad that literally all of the money they print, no matter how much it is, will go only towards putting out fires, both literal and metaphorical? To subdue protests, to provide emergency services amidst chaos and turmoil, to feed people who have lost their jobs (and perhaps families), and who are unable to put food on the table in an increasingly stagflationary environment? To pay off interest on national debts, to prevent the bond and stock markets from completely collapsing, to bail out banks (of course), to provide emergency housing, to introduce and enforce increasingly Draconian measures in order to suppress the uprisings, revolutions and capital flight? To hunt down and persecute the dissidents, the rebels, or whoever they deem is "to blame” for whatever is happening?
I hope I’m wrong here, as in - it does not get as bad as described above. But I think it is important to keep in mind that we are, from a historical perspective, in the Fourth Turning of a generational cycle and this sort of stuff is usually embedded into the societal shift that is happening.
Stay safe, stay sane, and most importantly, take care of yourselves, friends 🧡🤠
WAGMI #plebchain