How the US climbed to world dominance as an economy since the 1870’s and is now losing ground quickly, to China.
In spite of a year of rate hikes from the Federal Reserve. CPI inflation went from 1.4% to 9.1% and then back down to 7.1%.
Before Bitcoin can get back to a bull market the global macro environment needs time to shake out.
FTX had football stadiums named after it. It had Super Bowl commercials!
Xingping Xi (Chinese President) is traveling to Riyadh, Saudi Arabia to meet with Mohammed Bin Salmon (Saudi Arabian Crown Prince) regarding this BRICS Reserve Currency which is rolling out.
The Bank of International Settlements (BIS) claims Foreign exchange (FX) swap positions have over $80 trillion of off balance sheet Derivative Debt
The railroad strike appears to be moving forward, since there was no headway made last week or over the weekend.
The government can keep track of every $600 transaction the average person makes, but couldn’t keep track of billions FTX stole!
As the national debt clock confirms, US national debt is $31.3 Trillion and our total debt to GDP ratio is over 135%.
“For Blockchain systems, governance is mostly how the blockchain ecosystem decides on which improvements to enact..."
Michael Saylor the Billionaire who put his company (Microstrategy) on a Bitcoin balance sheet.
We are not done talking about FTX! The corruption in this exchange is mind boggling.
Sam Bankman Fried foretold, back in June, that there were secret insolvencies among crypto exchanges
As this chart below details, in 1913 when the central bank was established in the US. $26.14 would buy what $1 buys today.
The BRICS nations (Brazil, Russia, India, China, South Africa) are putting out a reserve currency.
We will continue to stay on the global macro topic.
Bonds are crashing now, which means their rates are going up faster than FFR (Fed Funds Rate) is.
Interest rates will continue to rise until a new, neo-feudal order of Lords and serfs has been re-imposed on most of the world’s population.
Bitcoin is remaining stable at extremely low volatility compared to the VIX. The VIX is the volatility chart.
More proof today, that Banks know what is coming. A tectonic plate shift to the global monetary system.
How obvious does it have to get that the monetary system is collapsing in real time?
The President of Belarus has stated he wants to forbid all price increases! As their currency crumbles!
The UK prime minister Liz Truss, a Keynsian economics fan, argues that Tax reductions, and increased government spending will save their economy.
Since the Bank of England announced they were buying back their own bonds (Quantitative Easing) and printing the money to do so, amidst double digit inflation.
It’s all fun and games until the world collapses under a ginormous, unpayable mountain of debt! This is the sovereign debt crisis.
Bank of England is going back to Quantitative Easing and buying their own bonds. This move will help continuity of government.
We believe, although we are not directly privy to real time data, that JP Morgan, BOA, and Wells Fargo are all having insolvency issues.
For the first time in history US 20 year treasuries are dropping off faster than the S&P 500. In spite of what Cramer says about the economy on CNBC.
Bitcoin hangs in the balance waiting for this rigged and manipulated FOMC announcement to decide the monetary policy for the next month or more.
With BRICS nations adding Argentina and Turkey, making it 7 nation states and half of the global population.
In spite of gas pricess dropping recently, inflation has still not been tamed. 0.6% month-over-month increase in inflation from July to August 2022!
CPI was 8.3% today, while the forecast was supposed to be 8.1%.
Last week it was announced (details below), that proof of work mining may be on the block for an executive order to stop it.
We are going heavy Global Macro. First, we have to understand what is happening in Europe.
Bitcoin in 2022, has been a series of dumps followed by a series of Bart Simpson patterns
After the Jackson Hole Fed economic conference, Fed Chairman Powell’s speech, which was very hawkish on Fed Fund Rates for the future, caused all markets to crash big!
“The fragility in China’s real estate sector could spread to the U.S. if it deteriorated dramatically”. Fed Chairman Powell
Bitcoin always inverts the DXY, (US dollar index). So, when Fed monetary policy “tightens” there is selling pressure on Bitcoin.
Bitcoin is strengthening and accumulating well above it’s $17,500 bottom.
Bitcoin is bumping against resistance at $25,000 and has broken through but not closed a daily candle above that level.
Blackrock the world’s largest institutional investor is now offering a Trust to their clients with which to buy and hold physical Bitcoin.
Central Banks have long controlled the money supply in Nations. It started in England, with the first Central Bank, being controlled by the Rothschild Family.