¶ The Fed has run out of road
Well, speaking of uncertainty, so Quat the Raven, this is a guy who I like, I've learned a lot from. He tends to talk, you know, financial markets, macro. He has this really interesting article and he says, I'm sorry, but the Fed has run out of road. And the reason this is particularly interesting to me is because, Tony, we've talked on the show a long time, Brandon, I'm sure you've been a part of these conversations as well from time to time on can they continue to kick the can?
And he seems to think, no, not any longer. If I were to give you like a TLDR on this, and I think everyone should go read this article. It's basically the premise that we've been saying for a long time, but we're actually at the end of this game, the charade that they've been playing. They're going to have to choose between a depression, a deflationary crisis, or printing more money.
And of course, he comes up with the conclusion that they're going to print more money because it is the most expedient and not because it is the best thing for everyone long term. But Tony, I would love your your thoughts on this. Yes, because when you get to the very, very end, you are screwed no matter what you do, because that's it. You know, you're past the point of no return.
So if they print, which, you know, I also think they're going to do well, they're going to destroy your purchasing power. That means, you know, you go to zero, you know, whether they seize your bank account or not. And if they don't print, well, then you end up, you know, with something. I don't know if recession is the right word for it or something like exponentially worse than that. And it's just a whole world of pain on both sides of the equation.
And again, these people are responsible for this. They constructed this disgusting fraudulent system that they ran for decades on end and now they run out of steam and have no idea what to do And the world is going to unfortunately have to pay the price for it
¶ Bitcoin as a financial escape hatch
If I had my savings still in that worthless garbage paper sitting in a bank right now, honestly, I'd be terrified out of my out of my skin because I would literally not sleep because I don't know where my options would be if that's all I knew right but for those that have been paying attention for the last 17 years and understand you know that there is a product you know a new currency that's been gifted to the world that were specifically to fix this
problem to give people you know that life raft escape hatch to jump onto which is Bitcoin in full self-custody. People have adopted that standard. Yes, they don't like to read these headlines. They worry about them depending where they're living, but their stress levels are nowhere near the stress levels of the regular folk who has no idea what's coming his way. Imagine trying to be someone trading on Wall Street right now, trying to figure out
how to make sense of everything. Brandon, what's your take, man? Yeah, you know, it's funny because, you know, 17 years ago when the crash was happening, I was at Michigan State. This was the thing that I realized very quickly, right? School doesn't teach you about money. I had argued with professors and debated anyone I could. And, you know, you'll learn on the job and this and that. And it was just like questioning everything. Like, well, why am I here?
You know, I was very fortunate that I had a scholarship to play hockey or else I really would have been mad. You know, what am I paying for? So I can't imagine people that are in debt right now. all these things that have been sold down the river because of fiat, like we've been talking about all show and what happens when you have a fake currency.