The incentives are undeniable.
The choice is simple.
Individuals
Corporations
Financial managers
Pension funds
Endowments
Sovereign wealth funds
Central banks
Nation states
Join, or die
Isn't it ironic...
Just when we're at the precipice of issuing unprecedented amounts of government debt, a superior risk-off asset is born.
Bonds are dead.
They just don't know it yet.
Bitcoin is the savior.
They just don't know it...yet.
Occupy Wall Street
Tea Party
These were the same movement.
One side blamed big banks.
One side blamed big government.
Both were correct.
This system is a collaborative kleptocracy between Wall Street and the Government, facilitated by the Federal Reserve.
The Triffin dilemma
A country's status as a reserve currency leads to a perpetual trade deficit.
America has hollowed out our industrial base. We export nothing but inflation to provide the world with dollars.
Tariffs are an attempt to treat the symptom, not the cause.
