We have a few things to discuss.
Crypto is my preferred candidate for the inflation, and Tether just added a few hundred million bucks in liquidity. Don’t be dumb or stupid or naive, this is the financial Elites (Fed) trying to suck your money into asset price inflation. Instead of Putrid spending his welfare check on Gold and natural gas; they want me to park my currency into an asset class that they have accumulated.
How bad will the inflation be? We’re six months into this fiscal year, and the six-month deficit almost matches last year’s entire deficit. That’s nuts. Seattle baby!
2019 will now almost certainly surpass a Trillion Dollar federal deficit. The interest on the debt is starting to get serious, looks like interest outlays will cost 400 Billions this fiscal year. So the 2020 deficit will almost certainly be above a Trillion, maybe as high as 1.5 Trillion. And this is in normal economic times.
The general economy in the USA is flat, since around 2004 it has plateaued, which we can see from the gasoline consumption charts. Looks like the peak of our oil civilization was 2005. So with a flat real economy, the additional debt is like a noose around the neck; and this will continue to impact the oil price charts btw.
Isn’t it amazing that the USA has increased domestic crude output from 5 to 12 million barrels per day since 2005, and still gasoline consumption continues to struggle? Living in America must be like sprinting on a treadmill. Better stay healthy 🙂
Now recall how badly burnt the dumbasses were by Crypto, they won’t be going near this stuff for a long time. So don’t fear missing out, the bull run hasn’t started yet. The metrics don’t say that; a bull run in Bitcoin has NEVER happened without a new high in transactions. 2019 is when you build a position that’s ultra cheap.
Yeah, Putrid has been tasked with formulating the monetary framework of a next generation crypto; I’m timing its release to dovetail with the bottom which should be in by the summer. For the rest of the year, I expect Bitcoin to bounce between 2 and 6 thousand. I’ll be accumulating when Bitcoin crashes, and using free leverage via the alt coins that survive:
What are the surviving alts? the whales say …
The crypto I’m designing is a dark financial product, called Epic. Its function is to be invisible and discrete; a monetary instrument that can get past capital controls, borders etc. without any record or trace. My readers finance its development.
Now I’m assuming all my readers have enough bling so booking profits into Gold doesn’t matter anymore; whenever the shit hits the fan it shouldn’t matter, you should just use Crypto to stay in the game and have some fun. It’s entertaining.
I’m tempted to stay on Crypto full time, and move back to Asia and mix it up with some Sociopaths … Reader, look into those dark eyes …