Eskimo -BJ Penn Forever -Tim Duncan -BJ Penn Forever -
M1 since the creation of the Fed & the acceleration over last few months— Neminator-tactical trader-35yrs trading experience (@neminator1) October 10, 2020
1st trillion—80 years (1913–1993)
2nd trillion—18 years (1994–2011)
3rd trillion—5 years (2012–2016)
4th trillion—4 years (2017–2020)
5th trillion—4 months (Feb 2020–May 2020)#inflation #gold #silver
Looks like a hockey stick to me without seeing it in chart form.
We are going to hit 5th trillion in a month then 6th trillion the next week.
I'm just trying to wrap my head around it.
Just want a feel for what the next 3-5 years will be like in the US.
My opinion is they keep kicking the can down the road another 5-10 years and during that period things will seem great to most people as the government gives away money. After that it either crashes or they “save” us with debt jubilees and total digital currency. Either option is absolutely terrible. I’m guessing it will be the digital option. We aren’t folding as a financial superpower unless something catastrophic happens to our military. That said, there could be huge swings in the value of the dollar, the stock market, property, metals, etc.
Kicking the can down the road for 5-10... that was everyone's call in 2008. Everyone gets timing wrong though. Now a debt jubilee and digital currency, huge swiings etc... yeah all that has been on the table for a while. I don't have the background to understand everything on a high level but there are some huge challenges ahead.