Dear Member,
A few years ago, when I talked about the Fed printing trillions of dollars and eventually causing very serious inflation and all sorts of other problems, it probably seemed crazy to many people.
My argument for buying bitcoin because of this inevitable money printing also may have seemed a little… well, odd to some folks at the time.
And that’s understandable. Most people still believe the Fed printing massive amounts of money is a good thing because it can make the stock market go up (temporarily).
But some are starting to realize that something a little weird – and unsavory – is going on.
And even more are discovering that there are a lot of ways printing money and handing it out to select groups could go horribly wrong.
Take a look at the following comics, which went viral on Reddit and Twitter a few weeks back.
Tons of people who were never interested in the Fed before are suddenly loving “money printing” content. Americans are starting to catch on to the potential flaws of reckless Fed policy.
Today everybody’s talking about how much money is being printed. Some are cheering it on. Others are warning of the dangers.
This conversation wouldn’t have taken place in “normal circumstances.” But the Fed’s unprecedented actions to stimulate the economy in the midst of the COVID-19 pandemic has forced people to think about it.
Unfortunately, this conversation should have started a long time ago. The Fed began printing money before COVID-19 to keep the stock market afloat.
Oh well. At least we’re finally starting to have the discussion. People are slowly digesting how serious the situation is. And eventually, a lot of them will buy bitcoin and gold.
People aren’t buying lots of hard assets yet. But more are starting to every day.
I believe we’re still very early in the gold and bitcoin trade. And from my view, the upside is pretty breathtaking.
There will be bumps along the way, of course. But I’m confident that the long-term trend for gold and bitcoin assets is headed up. I believe demand for inflation-resistant assets will continue to grow for a decade or more as central banks and governments prolong the crisis by trying to “rescue” the economy over and over again.