Quote from: philipma1957 on Today at 03:22:28 PM

Quote from: shahzadafzal on Today at 01:24:54 PM

Behold printer is coming.. brrrrrrrr!!!!

https://www.reddit.com/r/Bitcoin/comments/zttmhu/steady_lads_printer_is_coming_17_trillion/

Well the problem is the printer was here all of 2022.

They were printing money for all Long Term Care insurance companies.
They were printing money for all social security benefits.
They were printing money for all I savings bond holders.
They were printing money for all TSP holding the G-Fund.

Do the math for the above and the money already dished out to the people above is remarkably close to 1.7 trillion dollars.

But the mass media did not talk much about the above.

Oh in 2023 all of the above are still on schedule for more more more.

1) Now as an I bond holder - nice
2) as an 401Tsp g fund holder - nice
3) as a social security beneficiary starting in 2023- nice
4) as the caretaker of the owner of a Long term care policy - nice
5) as the husband to a person that has a federal pension getting 8% raise - nice

as a BTC miner - not nice
as a BTC holder - not nice
as a guy trying to be like JJG Just DCA - neutral to nice.

All of the above illustrates why hedging is okay to do.

Only USA people can do the I-Bonds
So do some 1 a month for 100
and DCA at least 100 a month for your BTC

or just complain that the telegraphed moves by the fed suck even when they are easy to hedge.

Am I fortunate that I get a benefit from all 5 listed not really.

1)It means I live in the USA - lucky I guess not sure

2)It means my wife's 401 tsp never got big stock gains last 10 years.
3)It means I am older (66 in 30 days)
4)It means my bro-in-law is really sick (dementia)
5)It means my wife is getting older 67 in 3 months

As for 2-5 I rather be 35 years old and working hard as long as I was with my wife.

Oh to all of W.O

Merry
Christmas!

I am not an economist but as far as I understand "serving" 1.7 trillion budget under 0% vs. 4 - 5% are two very different things so it makes sense to me for the Feds pivot sooner than later. Having the budget as high as 1.7 trillion and keeping raising interest is like shooting yourself in the leg...