WEEKLY -- On Sunday -- All previous Editorials are available on the Substack Archive Further long term archives are available at LinkedIn and Wordpress https://boomfinanceandeconomics.wordpress.com
Trump has been sold on the idea of the Bitcoin/Crypto/Stablecoin world being a way to support US Dollar dominance. There is some truth in that but it is very little. The Total Market Cap of the Crypto world is (currently) equivalent to US$ 3.37 Trillion. But Total Global Debt (public and private) exceeds well over $ 300 TRILLION. So the entire Crypto world (after 17 years) is equivalent to about 1 % of that. It is a Casino/Ponzi Scheme where Bitcoins and Cryptos are the Casino Chips. No President or national government should lend it credence IMHO. It is equivalent to praising and supporting a gambling den. Presidents and National Governments should not offer any support whatsoever to what has also been a major crime scene for its 17 years of existence. Search my Archive for the word "casino" -- it will reveal many articles on this matter. https://boomfinanceandeconomics.substack.com/archive
TMI! Just tell me if BBB is an overall positive for the next 3 years or is it detrimental to the economy? Will the Trump administration reign in the waste and corruption or contribute to it?
Dr. Brady: I have to congratulate you – you’ve taken an old dog, and taught him new tricks, new ways of thinking… When I first heard your statements about inflation, deflation, and especially the ‘national debt’, I thought you were a nutter… but I’ve kept listening, and learning every Sunday, and have come to realize what’s coming out of your mouth is closer to ‘truth’ than it’s opposite…
I’ve come to realize that the ‘economic propaganda complex’ is feeding us a load of manure. Instead of alignment or opposite, the truth seems to be orthogonal to what the propaganda is saying.
Thanks Matthew -- Yes we are bombarded with lies and propaganda on economics and finance in the mainstream media and on the Internet from "experts" who don't seem to understand anything about economics and finance. That's life. The truth is certainly hard to find. But you have come to the right place. You can read my Archive here -- https://boomfinanceandeconomics.substack.com/archive
Trump has been sold on the idea of the Bitcoin/Crypto/Stablecoin world being a way to support US Dollar dominance. There is some truth in that but it is very little. The Total Market Cap of the Crypto world is (currently) equivalent to US$ 3.37 Trillion. But Total Global Debt (public and private) exceeds well over $ 300 TRILLION. So the entire Crypto world (after 17 years) is equivalent to about 1 % of that. It is a Casino/Ponzi Scheme where Bitcoins and Cryptos are the Casino Chips. No President or national government should lend it credence IMHO. It is equivalent to praising and supporting a gambling den. Presidents and National Governments should not offer any support whatsoever to what has also been a major crime scene for its 17 years of existence. Search my Archive for the word "casino" -- it will reveal many articles on this matter. https://boomfinanceandeconomics.substack.com/archive
TMI! Just tell me if BBB is an overall positive for the next 3 years or is it detrimental to the economy? Will the Trump administration reign in the waste and corruption or contribute to it?
Dr. Brady: I have to congratulate you – you’ve taken an old dog, and taught him new tricks, new ways of thinking… When I first heard your statements about inflation, deflation, and especially the ‘national debt’, I thought you were a nutter… but I’ve kept listening, and learning every Sunday, and have come to realize what’s coming out of your mouth is closer to ‘truth’ than it’s opposite…
I’ve come to realize that the ‘economic propaganda complex’ is feeding us a load of manure. Instead of alignment or opposite, the truth seems to be orthogonal to what the propaganda is saying.
Thanks again !
Thanks Matthew -- Yes we are bombarded with lies and propaganda on economics and finance in the mainstream media and on the Internet from "experts" who don't seem to understand anything about economics and finance. That's life. The truth is certainly hard to find. But you have come to the right place. You can read my Archive here -- https://boomfinanceandeconomics.substack.com/archive