I'm a liberal, but all of my friends are conservatives. We are all working class. I know exactly why so many people voted for Trump. The fact that so many liberals have no clue is a problem.
If Trump wins, it's because Americans are angry at the system. The fact that democrats don't understand is insane. They are so wealthy, they can't possibly understand how normal people feel.
It fucking sucks being a centrist. Both sides are illiberal populists who are fiscally irresponsible. Both sides ignore real issues and instead focuses on the culture war. It's disgusting. It's better to just get high and ignore politics.
I'm so bullish on the dollar. Rates aren't going to come down soon, and people need dollars to pay debt. High rates makes debt more expensive. The US economy is still doing great, and that's also bullish for the dollar. I'm even more bullish if Trump wins.
Just surprised nobody is mentioning rates or inflation. The US can't handle higher rates with this much debt, so that's kind of a big problem. Either rates have to come down, likely through a recession, or there could be very bad inflation. The macro situation is kinda messed up.
I'm worried that inflation won't come down, and rates will go up. Inflation could get quite bad if that happens, but it's unlikely.
I think what is more likely is taxes will go up, and there will be cuts to spending, which would allow rates to come down. It would also likely cause a recession, IMO.
I can't believe people think the election matters. There is basically no difference between Trump and Harris on the economy. The only differences are cultural issues.
Why are people so split on the economy? Half think it's great, and the other half think it's terrible. It's like people are living in different worlds.
There is no way bitcoin was made by 1 person. It was definitely a group of people. Finney came up with the name, Back came up with the genesis block. Multiple people were posting as satoshi, and multiple people made the software. I strongly suspect Szabo knew about it, and was involved. Craig Wright knows Finney was Satoshi. Kleiman and Dai were probably involved. There is no way 1 person could have made bitcoin.
I'm so tired of all these fake satoshis. If satoshi is even still alive, why would he ever reveal himself? If satoshi is still alive, then he must already be rich, otherwise he would have sold his bitcoin.
I completely agree, but I think the boost from liquidity could run out. There are situations where liquidity fails to boost price levels, such as a liquidity trap.
But a meltup is a real possibility, one that I'm worried about. High rates and high debt could lead to runaway inflation. It appears people are betting on this scenario, judging by the price of bitcoin, gold, and silver. Bond yields keep going up, which also supports this hypothesis. But, the dollar hasn't gone down yet because the economy is strong, and bond yields are high. So there are some conflicting signals.
Big tech will delay the green transition. They will consume as much energy as we can produce, which means we will need to use more fossil fuels. All of these nuclear plants will power these massive data centres, both of which require considerable amounts of carbon emissions to build. And all of these chips that are necessary. There is no way we can build and power all of these data centres without delaying the green transition.
I don't think he told many people about it. Someone told me about bitcoin in early 2008, but they didn't use the name. He mentioned a distributed ledger, and mining for digital currency. He never said the words "bitcoin", "cryptocurrency", "blockchain", or "decentralization". But some guy in Vancouver knew about it, so who was he?
It happened so long ago, I didn't even think about it. But when I finally thought about the dates, it didn't make sense. It's been driving me crazy trying to figure out who that guy was. But it was so long ago, I can't remember that much about it. I just remember dating that girl, and thinking she would think I'm crazy if I even mentioned it. Imagine trying to explain bitcoin to someone back then, it sounded insane. I kinda thought that guy was on drugs
And if he was satoshi, then I know for sure who isn't satoshi. But it happened so long ago that I can't say for certain who it was. Just a guy in his 20s. He might have had a name for it, but I don't remember. He told me it was going to be the future.
Inflation isn't coming down because the government is printing money. And if rates rise, the government will have to print more money. This is why rates have to come down. The fed will keep rates high, or they will raise them, until inflation comes down.
No matter who wins the election, their policies will cause a recession. They can't kick the can forever. And a recession is the only way to get rates back down.
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