Those of us 'old enough' remember the 70's and it kind of rhymes with the 20's:
- Inflation/Shrink-flation. Coffee came in 1 pound cans. Whip Inflation Now! (WIN)
- Property values rising such that it takes 30 years to save for a down payment on a "starter" home.
- Humiliating Foreign War (Vietnam)
- Impaired President (Nixon-Watergate, Carter-Oil Embargo + Iran Hostages)
One that may be relevant:
- Currency changed from precious metals to fiat.
The stock market did not do well during this period, but made it up once the money supply was under control.
Note it took 10 years to tame inflation, 30 years of getting it mostly right, and then the last decade or so, money printer go brrrrr just like in countries that ended up with hyperinflation.
It seems obvious US politics are largely performative and it doesn’t matter that much which party has power, they’re all advancing the same agenda. One faster than the other. Global corps are in full control. Borders/currency/nations don’t really matter anymore. The rise of crypto is not a coincidence, of course.
I've been using ETH as a unit of account for a while, it's hilarious that my 2019 altcoin investments/presale scams are "up 5x" in US token terms but down 3x compared to ETH in the same time period, so in reality I made horrible investment decisions.
I made my first real money from purely online sources the past 48 Hours and it's because of you guys I mean that without this I would never have thought this is possible, Bless Up and see you on the Island
It seems to me The Fed is controlling the market. They are buying U.S. Treasuries and Mortgage Backed Securities at an absurd rate. In Japan, their central bank is even buying ETF's.
Do you think that will occur here in the U.S? What do you think is the endgame for people who invest strictly in index funds?
I own too much commercial RE relative to my crypto and online biz stack. Market is now buying RE comps at a 5 cap (my RE market has tracked S&P). Why wouldn’t I sell?
How is the inflation in the US reflected in the UK? Is it happening on the same scale, or will it have the same impact on the UK when US reaches hyper inflation?
Been living in NYC for the past few years and got lucky with COVID priced rents, paying $1100 monthly for an apartment which I would now I have to pay $1800 for come renewal time. For a while, there was a lot to love about the city and it brought me a lot of career success due to the countless opportunities here. I also made some of my closest friends, including one who got me into investing in crypto early enough!
I knew it's going to get even worse in this city with the proof of vaccination, have zero respect for people that go along with it and cheer for it due to some emotional social justice stance. My fear was also that more restrictions are likely going to come, we have politicians pushing for proof of vaccination to even travel across states, it's a bill being worked on in the house.
It's all really for show and so politicians can appease the radical wings of their party but I won't get too much into that.
Decided enough was enough, secured a remote gig, and am moving to Florida soon. Gotta say though, Miami is not cheap with rents either as it seems like a lot of people are taking the hint and moving there in droves.
My hopes are that maybe one day NYC does come back more sane, it pains me to leave the city given the great life it has granted me but as much as I love it, I know it's time to go for the time being.
Those of us 'old enough' remember the 70's and it kind of rhymes with the 20's:
- Inflation/Shrink-flation. Coffee came in 1 pound cans. Whip Inflation Now! (WIN)
- Property values rising such that it takes 30 years to save for a down payment on a "starter" home.
- Humiliating Foreign War (Vietnam)
- Impaired President (Nixon-Watergate, Carter-Oil Embargo + Iran Hostages)
One that may be relevant:
- Currency changed from precious metals to fiat.
The stock market did not do well during this period, but made it up once the money supply was under control.
Note it took 10 years to tame inflation, 30 years of getting it mostly right, and then the last decade or so, money printer go brrrrr just like in countries that ended up with hyperinflation.
It seems obvious US politics are largely performative and it doesn’t matter that much which party has power, they’re all advancing the same agenda. One faster than the other. Global corps are in full control. Borders/currency/nations don’t really matter anymore. The rise of crypto is not a coincidence, of course.
I've been using ETH as a unit of account for a while, it's hilarious that my 2019 altcoin investments/presale scams are "up 5x" in US token terms but down 3x compared to ETH in the same time period, so in reality I made horrible investment decisions.
I just wanna say thankyou.
I made my first real money from purely online sources the past 48 Hours and it's because of you guys I mean that without this I would never have thought this is possible, Bless Up and see you on the Island
Would love to hear your opinion on vaccines and further restrictions. What’s the end play of the government, and how to play it?
Afghanistan debacle suggests the world can't trust the "fiat" behind US fiat. All the more important to think in BTC/ETH terms going forward.
It seems to me The Fed is controlling the market. They are buying U.S. Treasuries and Mortgage Backed Securities at an absurd rate. In Japan, their central bank is even buying ETF's.
Do you think that will occur here in the U.S? What do you think is the endgame for people who invest strictly in index funds?
Not a trick question, honestly asking:
I own too much commercial RE relative to my crypto and online biz stack. Market is now buying RE comps at a 5 cap (my RE market has tracked S&P). Why wouldn’t I sell?
Not sure if I’m too late but I have the following questions concerning selling too early:
1) In another article you said once your 2x up on alts, you should take profits. That still applies?
2) How about taking profits so that you can scoop up more BTC and ETH in the next bear market?
How is the inflation in the US reflected in the UK? Is it happening on the same scale, or will it have the same impact on the UK when US reaches hyper inflation?
Can you please have an intervention with Mark Cuban on his NFT portfolio? Shit's looking ruff:
https://debank.com/profile/0x293ed38530005620e4b28600f196a97e1125daac/nft?chain=
Off subject just delete if need be….does anyone know of any legitimate ways to earn btc/eth when US token flows are low?
Awesome post - straight to the point.
Been living in NYC for the past few years and got lucky with COVID priced rents, paying $1100 monthly for an apartment which I would now I have to pay $1800 for come renewal time. For a while, there was a lot to love about the city and it brought me a lot of career success due to the countless opportunities here. I also made some of my closest friends, including one who got me into investing in crypto early enough!
I knew it's going to get even worse in this city with the proof of vaccination, have zero respect for people that go along with it and cheer for it due to some emotional social justice stance. My fear was also that more restrictions are likely going to come, we have politicians pushing for proof of vaccination to even travel across states, it's a bill being worked on in the house.
It's all really for show and so politicians can appease the radical wings of their party but I won't get too much into that.
Decided enough was enough, secured a remote gig, and am moving to Florida soon. Gotta say though, Miami is not cheap with rents either as it seems like a lot of people are taking the hint and moving there in droves.
My hopes are that maybe one day NYC does come back more sane, it pains me to leave the city given the great life it has granted me but as much as I love it, I know it's time to go for the time being.
What are the top 2 most useful languages you would learn (besides English of course) and why?
"After all the chaos we think you’ve got ~3 years to figure out some sort of internet business. "
What's the big change in 3 year that will affect internet businesses?