re: Fed hides weekly M1 supply, says "money doesn't matter"

quote:

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opinions may vary, but I disagree with Powell that there are no consequences for debasing your currency. It starts with artificially propping up the stock market and concentrating wealth, but I think it ends with people opting out of your bonds and ultimately your currency if you push hard enough and let the positive feedback loop go forever.

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the fiat milkshake theory looks more and more like a reality - all the other worthless fiat currencies will flow into the fiat currency which is just slightly better than all the rest (usd).

the thing that is perplexing is that we need to continue to convince others to own our native unit even if they aren't transacting with it. will dollarization take place across the globe when other harder means exist?

we all know where my money is...