"Mechanically, the market cap of bitcoin would have to rise 10 times from here to match the total private sector investment to gold via ETFs or bars and coins..."
"There is no such thing as a free lunch and someone will have to pay. Whether it will be bondholders (negative returns) or tax payers, or a combination of the two, it will likely be a big story for beyond the euphoria year of 2021."
...while these elites love to speak about “listening to the scientists”, they are among the least inclined to follow actual historical and comparative experience. Theirs is an oligarchic, authoritarian system of rule...
The Defense Department has not acted with the sense of urgency demanded by the president... if US-China relations plummet to the point where conflict appears imminent, America's military would be disadvantaged...
"We expect Congress to approve $700bn in additional fiscal support (vs. $1 trillion previously). If Democrats win both of the Senate seats in the Jan. 5 Georgia runoff elections - a 23% probability - our expectation would increase substantially."
