Another country is entering a phase where the solution to any weakness is always the same: put more money on the table.
And this is happening at the exact moment when other liquidity fronts were already opening up.
The US ended the shutdown, unlocked pent-up payments, and set the TGA on track to inject billions into the system.
Europe continues its anemic growth, pushing governments towards looser policies even without admitting it.
And China, which never fully exited stimulus mode, maintains cheap credit, ample liquidity, and gradual fiscal expansion to support a weakened economy.
The picture is starting to become clear.
Major economies, each for a different reason, are converging towards more spending, more support, and more intervention.
It's not "coordination." It's survival.
Four different engines blowing in the same direction: more liquidity entering a system that can no longer function without help.
Saving in scarce assets has never been more necessary, but I see many investors impatient with short-term pricing. The more governments try to save the fiat system, the more evident it becomes why Bitcoin exists.