Don’t Tread on Me (Tread Carefully)
Modern Monetary Policy has resulted in the most disastrous situation mankind has ever faced. All markets are in chaos, every player trying to avoid the grasp of inflation— and everything has nowhere to go…but up!
Futures for commodities like Nickel move with such incredible volatility in our rapidly inflating economy that the wicks are quite literally off the charts in 2022. The Nickel Scamwick aside, can a consumer of Industrial Nickel withstand a rise in price from under $20,000/contract to $30,000+?
Not without raising the prices of their products! And it is the same in every single market today (4/25/2022). The government has destroyed confidence in the dollar by printing so many dollars the economy cannot absorb them;
One look at this graph should tell you something scary — unless your asset more than 5x’d in price in the last two years, You lost a considerable amount of value in it due to inflation. This applies to everything from your home, to your car, etc. What’s worse — The politicians now want to tax the difference between the old price and the new price, under a downright stupid plan to tax *unrealized gains*.
Of course the say it’s aimed at “billionaires”, but the truth is, our markets are so distorted, that no investment can possibly keep up with inflation. And no common person could pay a tax on the increase in value of assets they hold from one year to another without realizing gains (making some kind of sale of those assets…) Can you imagine having to sell your house to pay the tax on the increase in it’s price? That’s the insanity being proposed!
Usually, as a trader, I’d like to say I have some kind of Alpha to share, I really would, but the only alpha in the market is escape from inflation, and I think even common people understand inflation is affecting them in the cost of homes, cars, groceries, etc.
At this point, after years of trading, investing, and endorsing Bitcoin/Ethereum as a solution, I can comfortably and comically say: The markets (Stock and real estate included) don’t make any sense at all.
DogshitInu2000 coin could make millionaires out of random traders, I’ve seen it happen. I’ve also seen totally legitimate projects lose people tons of money.
I once lost 60+ Eth on Compound.finance in an oracle exploit! (https://www.comp.xyz/t/dai-liquidation-event/642)
And Compound is basically one of the most robust and secure defi protocols securing billions of dollars in value!
To make it about something non-crypto, a house in one area like San Francisco might have 5x’d in the last few years, but in Arkansas they sure didn’t! (Although I’ve seen houses in my neighborhood double in price and quite a few of them go up for sale).
I strongly believe the only solution to the inflation is to remove the Federal/Fractional Reserve Banking systems and replace them with something else. I think that something else is Ethereum.
The Federal Reserve’s interventions in markets are not stopping crises, they continue to occur. (https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States#Great_Depression_onward)
End the Federal Reserve for the good of our American Republic and the World. Our dollar cannot be a useful currency so long as one group of 13 banks controls printing and loaning it to our governments.