Has Crypto Bottomed? | Macro Markets w/ Jeff Snider

we understand the money system is in trouble. we should focus on which crypto Currency the working class should utilize to overcome the woes.

Oh yay, another libertarian economist that knows how the government should be run by not running at all. The government has been propping up your capiralism and subsidizing your anti government outlook for decades. Kneel at the robe and kiss the ring my dude. Let's just let the roads and bridges fall apart because it's not cost effective or profitable to maintain them, useless expenditures that don't benefit profit. Green new deal, gtfo, a buzz phrase from 6 years ago, what the hell is he even talking about? No one's talking green new deal, let alone trying to get it passed when there's no way in hell it can. US will be goose stepping over Central America and Asia before a green new deal happens. gtfo

Yes please continue with these breakdowns of data and what's happening in this economy. We get conflicting viewpoints, a bit confusing. Enjoyed this interview, thanks!

PBN, thanks for the content. If I recall correctly, J.R. Hicks, the economist who designed the income-expenditure interpretation of J.M. Keynes' General Theory claimed he was "more Keynesian than Keynes" in terms of the role of expectations in determining liquidity preference and interest rates. Snider appears to be more Hicksian than Hicks in terms of the emphasis he places on monetary and macro expectations. I'm VERY intersted in what formal statistical approaches he uses as a basis for his predictions. Is it the standard "rational expectations" approach of e.g., J.F. Muth, or is he using something else? Thanks for the content. Since we are all swimming in the deep end nowadays, I hope you will continue with your deep dives.

bottom is already in, BTC is now coiling up. Buy now or buy at 30k? ur choice. 🙂

Please cut down the intro countdown to at most 20 seconds…

Tired of this shit. No one knows the bottom so quit wasting time thinking you do. The answer is dollar cost averaging.

It's impossible to fix this supply chain problem because it's purely political rather than private sector screwed up. We are seeing unprecedented phenomenon as we are ending the golden age of abusing cheap Chinese labor. Even if political aside, there is no way to fix an aging Chinese population with less workers, less people want to work and very expensive price for labor. Chinese labor is still cheap at the moment but look at how the corrupted officials illegally pump up real estate price making labor more expensive because workers need at least enough to afford essential and housing is 1 of them. At this rate, Chinese labor only gets more expensive and may potentially by pass Western labor. This is what the market priced in. We are at the point global economy forcing China to spend its saving in the form of UST. History is repeating like (if I remember correctly) I read a piece about 1 of the 1900s recession resulted in the Fed rushed to transferred gold (real money) to other nations to circulate money flow to preserve the gold standard. The problem was that American industrialization was way ahead of all the other nations resulting in excessive gold inflow to the US at the expense of other nations. Other nations threatened to ban the gold standard which the Fed rushed to balance it by circulate gold back out. That resulted in big recession. Soon after, the Fed had to stop the gold outflow resulting in global recession. We are experiencing that now. Instead of US being US, we are acting as foreigners who take back the money flow which we experience a small dead cat bounce due to reflationary effect. Because of corruption and lack of regulation, the banking system in China messed up big time. In the normal environment, the huge account surplus flowing in China could only leave them living comfortably, not being super rich. Right now, the huge crisis is ruining their system furthermore. The problem with China is that they rely on production. If they have to spend their UST saving by selling out UST and give every citizen money, they lose the status of production. That only further puts pressure on supply chain cuz the Chinese won't work anymore. China knows that the only thing they have is cheap labor. And it seems like they are ruining their only way to make money now. Soon, this bubble has to burst. No money incoming = huge debt blow up.

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GALACTIC INVESTOR

Bro.Paul WE LOVE THIS BREAKDOWNS you’re doing within the overall economy & crypto perspective.More power to you Sir! 👍👍✌🏻

Paul, really enjoy these kind of interviews that take a further look into the workings of the US and essentially global economy. Thanks 👍🙏

I can't get behind crypto being the answer to the monetary system collapsing. Not with how Governments and corporations wield their power. While that may be obvious to many in economic spheres that this is where it's heading, I can think of a book that waves massive red flags about this very idea.