https://twitter.com/dan_pantera/status/12885292397722951711/ “There are decades where nothing happens; and there are weeks where decades happen.”
— Vladimir Ilyich Lenin
We quoted that line last month – and, it just happened. The United States printed more money in June than in the first two centuries after its founding.
$864 billion
2/ With that first trillion we:
- defeated British imperialists;
- bought Alaska and the Louisiana Purchase (13 states’ worth of territory);
- defeated fascism;
- ended the Great Depression;
- built the Interstate Highway System;
- went to the Moon.
3/ For the sticklers out there with the knee-jerk counter-argument:
“Hey, you need to use constant dollars – take into account inflation!”
The answer is:
That’s EXACTLY why one should get out of paper money and into #Bitcoin
Its a testament to the fact that it's about flow, not the numbers. Watch the flow. If the flow stops, it's game over.
And each halving time (to double the debt) comes faster...