Central bankers fear deflationary spirals above all and will debase currencies to avoid them.
Bitcoin and Gold will protect your buying power in that scenario. And they're neutral monies that aren't tied to a single market, or any one country's fate.
Between the deflationary and inflationary extremes, the cash will be eroded by inflation, #Bitcoin will be volatile, and Gold will be frustrating.
But Japan barely containing global yields and interest expenses swallowing budgets tells us an extreme is approaching.
I'm convinced something nearly broke on October 21st, 2022. But few noticed.
Watching the charts that morning it was clear that something big was happening. But then the Fed (via Nick Timiraos) and the Japanese MoF intervened at the same moment.
Google, Microsoft, Meta, and Apple are entering into an AI arms race that will deeply impact humanity with unpredictable (positive and negative) outcomes.
Their work could determine the outcome of the power struggle between the US and China.
According to Google, "the scale of the largest AI computations is doubling every six months, far outpacing Moore’s Law."
In other words: We're entering the "suddenly" part of AI advancements.
It's only a matter of time before AI is applied to offensive cyber warfare campaigns. And eventually to drones / fully autonomous weapons systems.
In early 2022 many of us speculated that Central Banks would be forced to move towards neutral reserve assets after the world's 11th biggest economy was kicked off SWIFT and had their assets seized.