/biz/ - Business & Finance

>>24014493

Sure anon!!! The Burrito index tracks true inflation. The Fed says they are going to target twice typical inflation, that means inflation around 10-15% conservatively! That's why you see such high valuations for stocks. Apple is valued at 2T, this number no longer makes sense based on traditional valuations. Two reasons for this, firstly the stocks aren't so much overpriced as they are being inflated relative to fiat. Secondly because equities like tech stocks are being used as a store of value. A place to keep your funds safu when the Fed is devaluing them. The stocks aren't going up as much as fiats purchasing power is going down. How are you going to afford a house? Your money is being devalued even though you have the same amount of it in your bank account! Taxation isn't theft. Inflation is.

This is because of the Keynesian monetary policy that the US has adopted after the gold standard was removed 50 years ago. It leads to boom and bust cycles. We are used to them now but we live during the exception not the rule. For most of financial history, currency was backed by something (gold), not merely printed arbitrarily.

It's Bitcoins time to shine. PTJ and Druckenmeiller have capitulated. So have many others. Ray Dalio says "he might be missing something". PayPal offers it. Fidelity is now shilling it. ETF's are coming next year. JPMorgan completely flipped on it. Citibank says 300k. FUD. The metrics show that money is moving away from gold ETF's into Greyscale. Google analytics are showing that there is virtually no new interest in Bitcoin. Institutions. Metrics are showing that large orders are coming in. Look up Michael Saylor (right now). Look up Square. This is the beginning.

Gold has been used successfully for thousands of years as a store of value. What happens when something comes along that's better than gold in every conceivable way and in ways we haven't yet programmed in?

The gold bull.

>>23137810
Richard Heart for the overall outlook on what cryptocurrency was and is.

Roger Ver on his ideas of Satoshi's vision, the original intent of Bitcoin.

Anthony Pompliano on current Bitcoin news.

Raoul Pal on macro financial news, and how they relate to Bitcoin.

Real Vision for finance.