Fellow humans,
Trusting data is no simple task. Many valid questions and concerns should arise when determining the validity of any data set, some more easily resolved than others. Because of the information superhighway, individuals can typically and quickly find reliable information by searching online. However, everybody should know by now — the internet is littered with false and misleading information, while accurate information can either be found by reading between the lines or finding a reliable source. Regardless of our approach, an important factor when sifting through any data set is the source. If we can trust the source, then we can usually trust the data.
What better source than ourselves as witnesses? When we witness something firsthand, we should probably trust the information. Many people have been talking about a potential recession for months, because of the economic situation our government has created. I’ll tell you up front — I’m no “expert” in government policy or economics. In fact, my associate’s degree in general studies should tell you that my knowledge comes from an informal setting. In other words, my credentials are my ability to find and study reliable sources on the internet and from books. Other than tens or hundreds of thousands of dollars and a diploma, not much different than college. Regardless, we don’t always need a high-level college education to see and understand what’s happening right in front of us.
According to Wikipedia, “In economics, a recession is a business cycle contraction when there is a general decline in economic activity.[1][2] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).” Their definition is very closely aligned with my understanding of a recession, which is essentially an economy moving in the wrong direction. Let’s travel back in time to March and April of 2020, when our politicians stopped our economy in its tracks, sending many businesses to an early grave and causing detrimental effects on the survivors. Maybe the plan all along, maybe not. The best way to cause a “general decline in economic activity” or “widespread drop in spending” is to minimize travel and local spending, which is exactly what happened in the name of “stopping the spread,” which didn’t happen.
From my perspective, we’re in a recession right now, and not the early stages. I’m starting to believe the recession began in 2020, because economic activity declined and spending dropped, which are key components of a recession. A major missing component were mainstream narratives screaming RECESSION. “The news” is the absolute truth, right? God help us. Most of us were distracted in 2020, because Uncle Sam decided (because of centralized monetary policy) to pump trillions of dollars into our economy, propping up financial markets with false capital. Why false capital? Were meme-coins, GameStop, and rock NFTs really worth that much? Did real estate truly need to become so expensive so quickly? A weakening dollar can and will have these effects. When governments hand out “free money,” we end up buying things we don’t need, pumping the market value of many things, which certainly happened.
According to fortunebuilders.com, the average sales price of real estate in New York has increased 26.5 percent year over year. Whose annual income has been increasing by 26.5 percent each year? Maybe “the elites,” but not most of us. Everybody needs somewhere to live, while barely anybody is able to keep up with real estate prices. Maybe happening by design, maybe not. Either way, false capital is hindering our ability to afford life’s essentials. Inflation is the problem, and Bitcoin is the solution, but we don’t have to go down the monetary policy rabbit hole today.
Too much “free money” is the primary cause of inflation, and everything else is secondary. However, some people would like us to believe otherwise. Persistently high levels of inflation can incentivize the Federal Reserve to reduce money printing and raise interest rates, which is exactly what’s happening right now. The Federal Reserve is taking action via quantitative tightening, which is basically the opposite of printing extra money, and also raising interest rates, which disincentivizes people from borrowing money. These actions have an impact on all financial markets, because the dollar is the global reserve currency. However, one market in particular has been negatively impacted relatively hard — the stock market, which has been correlated with bitcoin’s market lately, but hopefully not for long.
As we can see with our own eyes, two major U.S. stocks and Bitcoin have been destroyed in the market recently (not because of the asset fundamentals though). I’m sure you would like to know what else happened recently. The Federal Reserve raised interest rates by 0.5 percent, which is the largest move since 2000. They are literally manipulating global markets, which has an impact on everybody. I feel like I’ve said this a million times — some people benefit from these actions, but most do not.
For the record, I don’t care about Trump or Biden, Republican or Democrat. I wrote in Jocko Willink in 2020, and I care about the truth and freedom. Don’t let politicians fool you. They’re professional smooth-talkers. President Biden wants us to think inflation is higher than usual because “the wealthiest corporations” are not paying their fair share of taxes. If you’ve been reading SALtoshi Whitepaper for a while, or doing your own research, then you know the true cause of inflation.
Also, President Biden is omitting an important detail — the American government is one of the wealthiest corporations in the world, and they have a money printer. Maybe they’re not officially registered as a corporation, but they surely operate like one. Profits and power are far too common in American politics. They should pay their fair share by acting more responsible with our money, which they seem incapable of doing. Buying bitcoin is opting out of the dollar, which disempowers their entire operation.
Until next time,
Salvatore Norge
P.S. — Buying bitcoin at $30k seems like such a wonderful decision.
“Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread. Otherwise, I may have too much and disown you and say, ‘Who is the Lord?’ Or I may become poor and steal, and so dishonor the name of my God.” — PROVERBS 30:8-9
I’m not very wise. Never financial advice. Do your research.