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MY CLUBHOUSE THESIS: HYPERINFLATION IS CLOSE

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Mar 11, 2021.

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  1. Jack Kruse

    Jack Kruse Administrator

    Boomers who decided to stay and play need to add BTC to their asset stack to protect their fiat risks going forward.

    No other asset offers this governmental protection. BTC is like the FDIC for fiat assets now.

    Concern that some or all of that wealth could evaporate has especially weighed on entrepreneurs who’ve been through the 2008 Great Recession. The number of business owners who say they plan to retire sooner than expected has doubled since last August, according to a survey by financial services firm Wilmington Trust.

    BTC should be your key wealth manager and not your home.

    Boomers dealing with two major economic events in less than 15 years may have them wondering if it’s time to take money off the table, especially as they near retirement = #BTC Hodling
     
  2. Jack Kruse

    Jack Kruse Administrator

    If you make the right choices today and become a Bitcoin HODLer no matter what, your best days have not arrived. Opportunity favors the bold.
     
    Sean Waters, CjHedberg, zohar and 5 others like this.
  3. Jack Kruse

    Jack Kruse Administrator

    No one can do your push-ups for you. You can also do many things in this life you shouldn't do. You really shouldn't follow any guru, but the one inside of you. You can't ask somebody to give "reason d'être", can you? We are fully capable of creating or finding one for ourselves, no? If you don't, why not? Only you decide what the meaning of your life is to be. People talk about what it is to "be"; there is no meaning in life unless you bring it. There are lots of meanings of different lives around us, and you must decide what you want your own to be. Today was an interesting day on ClubHouse. Here is the post mortem https://www.patreon.com/posts/50824864
     
  4. Jack Kruse

    Jack Kruse Administrator

    This week in macro: rates on 1 month issued US treasuries turned negative...........
     
  5. Jack Kruse

    Jack Kruse Administrator

    I expect the velocity of money to pick up now = hyperinflation. A U.S. court on Wednesday, May 4th, 2021 vacated a nationwide eviction moratorium for rental properties that had been put in place by the CDC to provide relief for Americans hit economically by the coronavirus pandemic. It is on now.
     
  6. Jack Kruse

    Jack Kruse Administrator

    [​IMG]

    Why is there no longer governor dissent at the Fed?

    When did group think get entrenched?

    WHY the distinct break in 1996, you ask? 1996 marked the year FOMC meetings began to be transcribed & released to the public w/5-year lag. It was also in the midst of the Greenspan era when GroupSTINK was becoming entrenched. Board members' legacies are thus secured as yes-men AND yes-women
     
    Sean Waters and CjHedberg like this.
  7. Jack Kruse

    Jack Kruse Administrator

    Sean Waters and CjHedberg like this.
  8. Jack Kruse

    Jack Kruse Administrator

    Sean Waters, CjHedberg and zohar like this.
  9. Jack Kruse

    Jack Kruse Administrator

    2.7M Homeowners are in forbearance now - Fed agencies trying to get $50B in aid to renters, homeowners by June 30th, when the moratorium ends. Now the aid stalled. Will be a summer consumer spending headwind = real estate flu is close

    [​IMG]
     
  10. Jack Kruse

    Jack Kruse Administrator

    CH thesis update: Hyperinflation is becoming a growing concern in the USA and we must make sense of how this will affect the stock/bond market but more importantly, it will force a crash in the crypto market while #BTC goes up as M2 rises.

     
    GavinH and Sean Waters like this.
  11. Jack Kruse

    Jack Kruse Administrator

    The first battle will be hyperinflation in the economic reset. The second battle will be fiat confiscation and value destruction and this is why banks will add BTC to their sell-side once they front-run you.https://www.cnbc.com/2021/05/05/bit...reds-of-us-banks-says-crypto-firm-nydig-.html

    Yellen is now warning the public of higher interest rates: she knows hyperinflation is coming.
    Treasury Secretary Yellen conceded that the Federal Reserve may have to hike interest rates as the government unleashes further massive spending.

    "It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat," Yellen said at a Monday event that was aired Tuesday morning.

    After the stock market close, Yellen tried to walk back her "somewhat" comment, at least somewhat. She said she's "not predicting or recommending" rate hikes. Yellen added that she's not concerned about inflation. When she tells you this you better be investing to protect your assets.

    The U.S. government has spent $5.3 trillion on Covid-related stimulus since March 2020, including a $1.9 trillion package passed soon after President Joe Biden took office. Thanks to heavy government spending and coronavirus vaccinations, the U.S. economy is rapidly rebounding, nearly eclipsing pre-pandemic peaks in the first quarter. Job growth is booming, too.

    But the Biden administration is pushing for another $4 trillion in spending. President Biden has proposed funding those two packages with tax hikes on top earners, including nearly doubling the capital gains tax rate, as well as corporate tax increases.

    That is close to 10 Trillion dollars coming into the market in 2021 that is priming the pump for a massive spike of inflation. The market is not ready for it.

    Tax hikes targeting corporations and capital gains, along with higher interest rates, would likely be negatives for the stock market on top of all this stimulus.

    Yellen ran the central bank before current Fed chief Jerome Powell. Powell and current policymakers have signaled they want to see much more economic strength before even talking about curbing asset purchases, with rate hikes far down the road. But Yellen's comments raise expectations that "taper talk" could start at the June Fed meeting.
     
  12. Jack Kruse

    Jack Kruse Administrator

    Many people think that the fruits of their labor stored in the form of fiat currency in their bank account really belong to them. Unfortunately, this is not the case. This money is simply reserved for you under certain conditions that can change according to arbitrary decisions of private banks or governments.

    Your bank may well prevent you from carrying out any transaction of your choice for totally arbitrary reasons. Similarly, your bank can decide to confiscate the fruits of your labor at the request of your government for equally arbitrary reasons.

    In today’s banking system, the fruits of your labor are at risk. The danger of censorship threatens you at all times. Most do not know this........it must change.

    They will need to know where to run when this becomes reality.
     
  13. Jack Kruse

    Jack Kruse Administrator

    The US taxpayer needs a 'Harry Markopolos type' right now to protect it from The Fed and Congress. If you cannot afford a forensic accountant, then just buy a ton of #BTC as your vaccine from monetary tyranny.

    Stock futures rose ahead of the jobs report, after the Dow's record close.....then this happened: The April Jobs report numbers were so low that CNBC’s Steve Liesman thought they were wrong this AM on live TV.

    https://www.cnbc.com/video/2020/05/08/april-jobs-report-us-economy-coronavirus-squawk-box.html


    Right now 29% of unemployed Americans have been jobless for over a year!!!!!
    So things are not as Rosy as Team Biden wants them to appear.


    Square just beat in Q1 with revenue of $5.06B, up 266% YoY, with $3.5B in bitcoin revenue, up 11x YoY, gross profit of $964M, up 79% YoY, with $495M from Cash App. A reminder Cash App only deals with BTC. I am not a big fan of Cash App but I love that they are BTC soloists.


    2018: Ray Dalio: “Bitcoin is a bubble”
    2021: Ray Dalio’s CFO: “I’m leaving you for a BTC company
     
    Sean Waters, CjHedberg, JanSz and 2 others like this.
  14. Jack Kruse

    Jack Kruse Administrator

    What’s a debt ceiling limit... if you consistently ignore the ceiling and never impose the limit

    [​IMG]



    Yellen on the debt ceiling "There are a series of extra-ordinary measures that have become very ordinary, in that we have invoked them so often..." Phew. Good thing we don't abide by debt ceiling limits...Fiats are programmed to debase. Pure Math.

    When you own BTC you know your future is bigger than your past
     
    zohar, Sean Waters, CjHedberg and 4 others like this.
  15. Jack Kruse

    Jack Kruse Administrator

    BTC seemed quiet this week, yet in reality: -NYDIG recruited Dalio's CFO & launched a partnership that could put BTC tools in 300M bank accounts -Citi said bottom's up demand is pushing them in it but no rush because its here to stay -Goldman announced crypto trading division
    When you own BTC you know your future is bigger than your past
     
    GavinH, zohar, Sean Waters and 4 others like this.
  16. Jack Kruse

    Jack Kruse Administrator

    Remember the BTC number 4 blog post and what I said about the South China Sea?

    President Duterte admitted that PRC's maritime militia has de facto annexed what was left of the Philippines' holdings in the South China Sea. Maybe he should have invited American vessels to fish in PH's EEZ instead? Gray zone tactics work when the target refuses to push back. Biden is rolling over to the CCP now.

    “That statement will be a cause for a big celebration in Beijing. They'll be jumping with joy because that's what they want to hear,” retired Supreme Court senior associate justice Antonio Carpio said. https://bit.ly/3uv4XDW

    Scarborough Schoal cannot be allowed to be overtaken like these other outposts.
     
  17. Jack Kruse

    Jack Kruse Administrator

    Liberalism NEVER wants lockdowns to end. It’s not about science, it’s about CONTROL. Don’t let them control your life! BTC is the vaccine for government control.

    Improving one’s mental focus, however, takes time and patience. There will be times with hyperinflation or crypto winter when it’s quite a struggle to train one’s concentration. That is when you make the biggest difference to your ability to become self-sovereign.

    COVID is going to end up being worse for civil liberties than 9/11 was. That says more about our failing gerontocracy than it does about a virus.
     
  18. Jack Kruse

    Jack Kruse Administrator

    The wise keep their eyes open with regards to the Fed actions because no one can hit their #BTC target with their eyes shut.

    We are what we repeatedly do. Excellence, then, is not an act but a habit if you're focusing on the things that bring the most value in your life. This is how health and wealth are linked. Nature and BTC are 100% decentralized. Begin your habits there.

    IMPLICATIONS OF HYPERINFLATION IN A TECHNOCRACY?
    What happens if inflation actually does go vertical = hyperinflation?

    Digital stays cheap, but physical becomes a premium product.
    Zoom > flights
    Twitter > theaters.
    Even more of life would crowd onto centralized tech platforms.
    Crypto thus saves us in two ways: BTC and tech decentralization.

    Do you believe this?

    Right now most of tech is centralized.

    It means new tech has to be created.

    Digital’s advantage will be more clear than ever before as the cost of atoms goes up substantially while bits only goes down. This can only happen in a decentralized world...........we are a long way off right now.

    Tech fraud has to be made more costly in a decentralized technocracy if humanity is to proceed.
     
  19. Jack Kruse

    Jack Kruse Administrator

    YELLEN SAYS WE EXPECT SOME HIGHER INFLATION OVER THE NEXT COUPLE OF MONTHS FOR TECHNICAL REASONS.
    [​IMG]
     
    Sean Waters, GavinH and CjHedberg like this.
  20. Jack Kruse

    Jack Kruse Administrator




    Buffet and Saylor agree inflation is here in a big way.
     
    GavinH, Martina, Sean Waters and 2 others like this.
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