3 years ago

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In this video, I discuss the possibility of a planned US dollar devaluation that could be used to reset global debt/GDP levels.

Since it is impossible to pay off the current debt, or increase real GDP sharply in the short term, the only remaining alternative is to massively increase nominal GDP through inflation.

Annual inflation of 100% would very quickly bring debt/GDP levels back down to a more normalized level and allow the fiat system to reset.

The Fed and US Treasury have a choice: pull off the bandaid slowly, or quickly. Right now, the Fed is lurching between hawkish and dovish statements, trying to reign in inflation while still attaining a soft landing. The result is unnecessary market volatility.

There are many precedents to this kind of monetary reset, including Executive Order 6102 in 1933 and the subsequent devaluation of the US dollar against gold.

The only way to protect your finances against something like this is to hold stocks, real estate, and especially Bitcoin.

Not investment advice! Consult a financial advisor.

Powell choosing between inflation and recession:
https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession
https://twitter.com/therationalroot/status/1527390993892487168

Chart of total public debt:
https://fred.stlouisfed.org/series/GFDEBTN

US debt clock:
https://www.usdebtclock.org/

Historical chart of US debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S

US Gov confiscates gold and does a monetary reset:
https://en.wikipedia.org/wiki/Executive_Order_6102

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#fed
#monetarypolicy
#bitcoin

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