The system is Broken, Bitcoin solves this19 Nov 2023 10:55
The run off vote in Argentina takes place today , the polling is neck and neck over the past week but I suspect Argentina will vote for more of the same rather than embracing the candidate with a radical financial policy that could potentially change decades of crisis.
What is very clear is the Overton window is now opening all over the world, candidates from mainstream as well as upstart parties are recognising the current financial system is holed below the waterline and needs immediate and radical action to save the global financial system.
For those in denial , the USA is currently pumping the economy EACH MONTH with the the same amount of $ it took to save the system back in 2008 , the system is loaded with $30trn of debt, totally unsustainable when invested on that debt alone accounts for more than they spend on the military. The picture is very similar throughout out the world , they’ve spent what they haven’t got and the only possible way out is to print more money and therefore create ever increasing inflation. Yes inflation is falling short term but this is temporary, the money printing will be cranked up next year ( election year in US & UK ) in order to pacify the naive public who trust the banks and central bank even though both have been technically bankrupt for decades, this is illustrated time and time again with bank runs , if the banks had the money it wouldn’t matter if ppl wanted their cash as there’d be enough liquidity to satisfy demand, but history tells us there simply isn’t the cash in these ponzi organisations.
Bitcoin solves this .
Bitcoin has been remarkably stable this week given the SEC have once again kicked the can down the road, albeit signalling a more favourable climate with the correspondence to ETF applications .
The halving tracker suggests a steady move upward in the coming week, a win for Milei could certainly give the price a boost.
GLA
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