I know the sentiment has been that the US economy will enter a recession soon, but I no longer believe that is the case. The US government can no longer afford a recession, seeing how they are the country’s largest employer.
Since the start of COVID I believe the entire economy will now be in a perpetual state of inflation. This means the rich will truly get richer while the poorer get poorer. I’m not saying this as a bull case for bitcoin. The US debt is too large, and if we did enter a deflationary rate it would be too expensive for the government. They can’t pay it. It’s impossible.
That being said I believe that right now might be the most important time to buy assets, and ride the wave of this inflationary hell. Not to make money. No. Just to survive and keep up with inflation.
Would like to know everyone’s thoughts.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments