2023-10-07 12:06:32
The implications of the bond market imploding are far greater than a stock market crash, and very few people want to consider what it means for government budgets, military spending, social security, pensions, insurance, banking & more
The 'smart money' in fiat knew that the Fed raising rates was going to cause a recession & positioned for that by shorting stocks & longing bonds, as that's how it always plays out. But the opposite happened so lots of fiat geniuses got rekt. There is no smart money in fiat.
Fiat traders and money managers may pretend to know what is happening, and they will inevitably get a few calls right. But to win in the fiat casino you need to get all the big calls right. In the long-run, an infinitely tiny percentage can pull it off, just like all gambling.
Money management is 100x larger than it should be because fiat money loses value & people need to invest just to save. There's no rhyme or reason to the entire industry. The only winning move is to not play & the only way to not play is to hold sovereign hard money: bitcoin.
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