My bigger question is why are we even doing it?
One sub question is why has Scott Bessent been in front of so many microphones concerning this?
This is absolutely forcing the reset of the world order and accelerating the demise of fiat.
I believe we are going to see the bond market implode soon. So yield is going to skyrocket and interest rates are going to be forced down, which means more borrowing, which means more money created by banksbout of thin air. A song that's been playing on a loop for 50 years. But there's not that much time left on the juke box I'm afraid. And the whole thing comes tumbling down. But this time, not only does the bond market implode, but the stock market is going to go with it, popping the ridiculous AI bubble.
I am starting to believe that it is less than crazy to think that one reason we are doing this at all is to lay the groundwork for the change that they want to make. The revival of the US dollar into the digital realm and one last hurrah for money out of thin air.
It's getting gross. There's countries that have no more fuel. People have no idea the depth to which this is going to go, even if they stopped it right this very moment. Iran has been waiting for this and they're playing their part perfectly. They look strong.
The suffering is going to be more concentrated in the eastern hemisphere, including Europe and much of Asia. The western hemisphere is going to suffer, too, but we have plenty of oil. We're just going to need to start pumping it out of the ground again.
But the thing that really worries me is the US doesn't actually make anything anymore. People sit behind computers and mash keys. And AI is going to replace 80% of that most likely.
The whole thing is a house of cards. We've known it for a long time, but I don't think very many people at all are aware of the hardship that lies ahead for the entire world at this point.
And then there are the paths forward.
1. The US foolishly decides to put boots on the ground as if we cannot remember what happened in Iwo Jima when we did the same thing for a small island.
2. We stop this ASAP and somehow reign in Israel. I think this is least likely.
3a. Some idiot sets off a nuclear weapon.
3b. One side decides to unveil a weapon that has not been seen on the battlefield yet. This is actually one of the higher possibilities in my opinion. It could actually play out sort of like the nuclear bombs set off in Japan.
Or maybe I'm just a negative, crazy man that is wrong wrong wrong. That would be the very best of all, honestly.
Anyway, as an American, I do not feel proud of my country in this, though I still want to believe there are some things in the situation room that if we knew would explain why we've put ourselves in this incredibly ridiculous position. And I am personally sorry that we've dragged the whole rest of the fucking world into it.
And oh yeah, it may not happen at first. In fact, at first, it may drop with the rest of it all but in the end Bitcoin is going to absolutely rock when this happens.
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