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Podcast and Chill #83
Trading Platforms Comment On SEC; Rate Hikes and MMT; Kidnapping Tales
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.
“If everything but bitcoin is a security, Bosonic and Prometheum say they can deal with that compliantly.”
“Warren Mosler, founder of Valance Co., Inc. and author of “The 7 Deadly Innocent Frauds of Economic Policy,” is widely viewed as the intellectual godfather of Modern Monetary Theory (MMT), a framework for understanding money and debt which underscores a government’s ability to print money to pay for goods and services without relying necessarily on borrowing or taxation.
Mosler joins Forward Guidance to apply these ideas to today’s financial issues. He argues why a failure to raise the U.S. debt ceiling would be truly catastrophic, and he makes the case that the Fed’s rate hikes are actually contributing to inflation, rather than fighting it, because the government is printing more money in order to pay its debt.”
“Action begets action. Bodies at rest tend to stay at rest. Bodies in motion tend to stay in motion… Make something happen, anything.” — John D'Agostino