If you read Barron's today, you will learn that Warsh is going to shrink the Fed balance sheet, drive up interests rates, and force politicians to stop spending.
Treasury companies are effectively closed end mutual funds. Most closed end mutual funds trade at a discount. So, agree, there needs to be more value than simply holding bitcoin -- if equity providers do not want to simply burn capital.
You dont need to be a hippie to feel the power of life pulsing through this story. It is for anyone who wants freedom. Galt's Gulch. Amazing. We'll done.
Is he predicting bitcoin goes to $10k? Unfortunate use of the word "when" I suspect.
He is a smart guy. But kinda robotic, and you get the feeling he is reading from a script in his brain sometimes -- versus being fully and emotionally centered, in the moment, with full conviction.
The petro dollar is dying. Major factors of the original deal had the Saudis agreeing to price oil in USD, in exchange for military protection. Now ships are rejecting and not confident in US military protection for shipping oil, so why price oil in USD?
I have notices there is an F Scott Fitzgerald-like longing for the unattainable in Oasis' and Noel's lyrics. There is recognition of something greater and better, but it is always slightly out of reach. Or is it me?