#MarketDownturn “No money.” The Covid-era thrill of cheap money is over, leaving behind a mountain of debt.
Worse still, American household net savings have been negative for six consecutive quarters. This means that consumption exceeds production, a phenomenon we have only seen twice before: in 2008 and 2020, during periods of severe economic collapse. The American people are exhausted, producing nothing but consuming. In fact, much of the productive power has long since shifted to China and other Asian nations. National economies have disappeared, while the government has run up $2.1 trillion in deficits over the past 12 months. Everyone is buried in debt.
Because the market no longer believes the Fed’s story. Rising yields show that inflation expectations have spiraled out of control. No matter what they do, the purchasing power of paper money is deteriorating by the day. The US dollar is crumbling like a sandcastle, and central banks don’t have the tools to stop it. Herein lies the real danger: the only thing that gives fiat currencies their value is the market’s belief in them. Once that confidence evaporates, the dollar’s reign will come to an end.
The American dream is over. Just like the last days of Rome, the American empire is rotting from within. We are losing not only the value of money, but also confidence in the system itself. The Fed, Washington, and Wall Street have fed us lies for years. But eventually, those lies will unravel. The world will free itself from the domination of the US dollar. $BTC and your freedom, take it