Consumer credit grew by an average of $30 billion per month through the first seven months of the year.
Revolving debt now stands at $1.137 trillion - above the pre-pandemic record.
Everyone that has USD debt is, in effect, short the USD.
Crypto distracts from what’s important.
Long term savings (
) and focusing on aspects of your life that matter.
Crypto is yet another way to waste time, energy, effort and talent for little reward.
NEW POST: I fear global bank regulators (the BIS) are about to make a decision that will unintentionally “obsolete” the banks, by prohibiting a coming tech pivot...right as internet-native payment technologies are starting to scale.