919 sats \ 0 replies \ @mallardshead 9 Feb \ on: The Nationalization of the Work Force econ
The thing is oil has collapsed, and that's with two wars and inflation. It's lowered quite a few industry inputs, and we're witnessing the largest reshoring of jobs in my lifetime. For Hire signs are everywhere I go. The fed fund rate is only 1% above the historical average. Then we have ai and the renewable energy transition is in their infancy. Silicon production is about to explode on our shores. The DOW at/near all-time highs. California now has enough water to have historic farming seasons and we provide huge percentages of these products. It seems the rocket is nearly fueled and we're a rate cut or two from ignition. Bitcoin will love absorbing the excess. Hyperinflation, scarcity, and disruption are no friend of a commodity money.