I spent the first two weeks of October skiing on the South Island of New Zealand. My guide, with whom I spent all of last season in Hokkaido, assured me that New Zealand was one of the world's most badass places to backcountry ski. I took his word for it and spent two weeks with him, travelling out of Wānaka chasing...
"The Achilles heel of the over-leveraged Western financial system is a shortage of cheap hydrocarbons." The US is a net exporter of said hydrocarbons. If gas/oil prices go up (as Iran tries to retaliate against Saudi Arabia, assuming a US failure to protect them), global prices go up, but it will form a decoupling between US and non-US prices. The short stick will go to China and India, that will no longer get ultra-cheap illegal Iranian oil, and Europe. Some US companies will make a killing, and overall the US economy will get the least fucked up. If this leads to money printing (likely), then yes, bitcoin will go up faster.
Let's go
Masterfully written...
Gracias¡
"The Achilles heel of the over-leveraged Western financial system is a shortage of cheap hydrocarbons." The US is a net exporter of said hydrocarbons. If gas/oil prices go up (as Iran tries to retaliate against Saudi Arabia, assuming a US failure to protect them), global prices go up, but it will form a decoupling between US and non-US prices. The short stick will go to China and India, that will no longer get ultra-cheap illegal Iranian oil, and Europe. Some US companies will make a killing, and overall the US economy will get the least fucked up. If this leads to money printing (likely), then yes, bitcoin will go up faster.