Podcast and Chill #78
De-Dollarization is Overhyped; Money Supply is Falling; Bitcoin Mining
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“Recent efforts by foreign leaders have led some to claim that the U.S. Dollar system will soon cease to be the global reserve currency. Brent Johnson of Santiago Capital returns to Forward Guidance to argue that these arguments are utterly wrong, and he explains why in great detail. He expects a major squeeze to occur sometime over the next two years, although he and Jack discuss the potential for China’s re-emergence from recession as a catalyst for more potential short-term dollar weakness.”
“Danielle DiMartino Booth, CEO and chief strategist of QI Research, returns to Forward Guidance to share her findings on the problems brewing in commercial real estate, the collapse in money supply (M2) growth, and her updated views on the auto and housing markets.”
“All this article serves to do is force you to one side or the other. Either you kind of go into this skeptical about Bitcoin or maybe not knowing much about it and come out of it feeling very strongly that Bitcoin is evil, and Bitcoin miners are evil, and they’re literally killing people… Or you’re on our side of the aisle so to speak, and you roll your eyes and you’re like this is biased and the New York Times is a fucking joke.”
— Lane Rettig