The dollar is heading for its worst year since 1973, falling more than 10% year-to-date while nearly every other major asset class explodes upward. Just last night, Bitcoin hit a new all-time high of $125,000, pushing its total market value to $2.5 trillion, as Cryptopolitan reported. Gold is now close to $4,000 an ounce after […]
Recessions are generally good for the dollar, as they signal lower rates of lending and of monetary circulation.
But because so much of our economy is predicated on a payout on
magic beansAI build out, we could actually see ourselves awash in cheap cash with nothing materially valuable to spend it on at some point in the near future. All our material capital tied up in enormous data centers that do nothing but devour electricity. Fewer and fewer people willing to trade with a nation whose primary exports are bizarro TikTok videos and arms to Israel.Stagflation rides again.