1/ I wanted to share this morning's member update with you all as it's probably the most important concept to understand in the world right now.
2/ This thread from @RaoulGMI is monumental. Please read the whole thing when you get a chance, but I'll summarise the core concepts for you here. You must understand these to appreciate what we are now on the precipice of, a global US dollar shortage.
3/ Simply put the world has too much debt, derivatives & leverage. Most of that is denominated in US dollars. The only way to pay it down is with USD. They are affectively short USD. When exiting positions & sitting on the sidelines, you are affectively buying USD.
4/ Right now everyone in the world is moving to the sidelines & waiting for the dust to settle. Literally everyone I know including people in this group want to sit in USD or USD stable coins. The estimated demand is in the 10s of trillions. Is it any wonder the USD is so strong?
5/ But the banks don't have that much laying around, particularly with their fractional reserves. This is why the FED is printing $1T a day to sure up repo markets. But they are treating that as temporary & that's only in the US.
How on earth is the FED meant to get $1T USD into
How on earth is the FED meant to get $1T USD into
6/ Australia? Europe? China? for global investors all rushing for the exits? They can't. That's why the system is frozen & collapsing. The only way out is if the FED bails out the entire world. Fire up the printers!
All this money must also move through the archaic banking
All this money must also move through the archaic banking
7/ system. People don't want to wait 10 business days to get USD! I think Bitcoin is about to take a new lease of life. In this situation, being outside the system, on a parallel ledger & being able to move money anywhere on this digital global liquidity rail is literally more
8/ valuable & has more utility, than the world reserve currency itself. The stampede for #Bitcoin could start at any moment.
Buckle up, things are about to get bumpy.
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Buckle up, things are about to get bumpy.
To receive all premium updates, research & my daily member update, sign up at:
nuggetsnews.com.au/nuggets-crypto…
