Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
A reminder that if the US doesn’t reduce spending, inflation will be high for the foreseeable future. None of the sources of income are likely to increase significantly so need to reduce spending https://i.imgur.com/x322Mrl.jpg
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
All these pension funds that are buying long-term bonds are going to be underwater. Also thinking that the US is going to be fine because there are no better ways to save money is nonsense. Numbers don’t lie, foreigners are becoming sellers and not buyers of treasuries https://i.imgur.com/Uj7L6Tl.jpg
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
What would they buy instead? For one, they would buy Gold. That’s what Russia and China have been doing. The US weaponizing the financial system to go after Russia was a shot in its own foot https://i.imgur.com/BPt5ikj.jpg
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
Here is a more clear picture of what’s happening with China: https://i.imgur.com/y19MJsw.jpg
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
Another possible scenario is to buy American tech stocks. That’s what the SNB has been buying. That’s what happened in the CARES act scare. A lot of entities were selling treasuries and buying American tech stocks. https://i.imgur.com/Aq301Lq.jpg
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
The last possibility is to buy bitcoin. That’s what El Salvador has been doing. I think this is the most novel approach and probably the smartest.
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
The US needs to figure out a path forward or the state and the dollar will not be in great shape! Stop spending!
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borodutch pfp
borodutch
@warpcastadmin.eth
so, how many usd did you short so far? @remindme 1 year
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ken pfp
ken
@kenergy.eth
I short usd through a mortgage 😂 One of the best ways to be short - no margin calls, fixed interest rate and repayment schedule 😎
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borodutch pfp
borodutch
@warpcastadmin.eth
"fixed interest rates" until your 5 year term is over 🥲
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ken pfp
ken
@kenergy.eth
What do you mean? Conventional mortgage is still 30 year fixed rate. Got a refi when rates were near 0 during the pandemic so I'm still good for 29 years
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borodutch pfp
borodutch
@warpcastadmin.eth
oh, sorry, was talking 🇨🇦
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ken pfp
ken
@kenergy.eth
Oh oops, assumed we're talking USA like we're the only country in the world 🇺🇸
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borodutch pfp
borodutch
@warpcastadmin.eth
tbh, i wish we had 30 year terms in 🇨🇦 🥲
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