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The largest dollar devaluation in the shortest period of time is likely coming in 2024/25.
Why?
Because the FED balance sheet is monetized to carry the US government interest expense since 2008 with a lag of 36 months.
#Bitcoin to new highs in this case.
Full credit @RaoulGMI
Why?
Because the FED balance sheet is monetized to carry the US government interest expense since 2008 with a lag of 36 months.
#Bitcoin to new highs in this case.
Full credit @RaoulGMI
The US interest expense made an all-time high on July 2021, with the FED balance sheet lagging behind 36 months this means we are likely going to see new highs there in July 2024.
#Bitcoin is the most efficient hedge against monetary inflation.
Act accordingly.
#Bitcoin is the most efficient hedge against monetary inflation.
Act accordingly.
Why did the interest expense spike?
Because they issued extreme amount of debt to get through COVID while the economy was basically dead.
To top it off that was followed by the most extreme rate hike cycle in history.
At some point the debt will be refinanced at the new rates.
Because they issued extreme amount of debt to get through COVID while the economy was basically dead.
To top it off that was followed by the most extreme rate hike cycle in history.
At some point the debt will be refinanced at the new rates.
Please verify yourself, sources:
The white line is on US govt interest expense:
fred.stlouisfed.org/series/A091RC1…
The orange line is FED balance sheet:
fred.stlouisfed.org/series/WALCL
The white line is on US govt interest expense:
fred.stlouisfed.org/series/A091RC1…
The orange line is FED balance sheet:
fred.stlouisfed.org/series/WALCL
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