companies to offer their own bitcoin products and services as a true game changer in the industry knightig is safely unlocking the power of bitcoin for forward-thinking individuals and institutions alike led by robbie guttmann yenzao and ross stevens nydia has absolutely exploded onto the bitcoin scene recently and has quickly become a leader in this space so whether you are a professional investor looking for asset management services or a company looking to white label your own bitcoin product or service consider nidig your single source solution for everything bitcoin i think we just left off with there's this dark side to the exorbitant privilege which is and perhaps this is related to triffen's uh they often call it dilemma but it's actually a trilemma um you can't have it all right you can't have your cake and eat it too and one of the consequences of being the global reserve currency is that your industrial economy gets priced out in other marketplaces so is is that related to uh i forgot the gentleman's name but uh the prediction goldsmith goldsmith james goldsmith um no because he saw this as a global issue for the developed world which is what it was um so all of these countries that had strong reserve currencies doesn't have to be the global reserve currency we're all going to be killed the global reserve currency with the biggest power obviously gets killed the most mm-hmm and the u.s didn't have a social security network um safety net for anything while europe did so europe managed to stop the worst of this because it had some sort of safety net now americans are not fans of this but i'm a european and grew up with it i grew up with free health care and certain types of state support and they're just different systems and that's fine but what happened is the workers in germany and italy did okay until the eu then they repeated the same mistake all over again and then china became so dominant so let's go back into the money system now so so what happens now is that wages are never going up again so everybody keeps saying inflation's coming inflation is in the old terms of inflation of demand driven cpi and never ever coming back in our lifetimes right and in fact it's provable because you take the births deaths ratio and put it against cpi at least by NUMBER_TOKEN years exactly as i said you hit your peak spending in your NUMBER_TOKENs that's inflationary power and it exactly follows it and i'll share this chart and you'll be able to see it but also what happens in NUMBER_TOKEN alan greenspan did something that we haven't done before which was as a stock market crashed he hit the panic button and cut interest rates to stabilize the panic the unintended consequence of that is it suddenly became a tool in the central bankers box is huh there was no recession in NUMBER_TOKEN maybe interest rates can stop the business cycle because that's really what we want to do if we can stop the business cycle then we can probably reach our employment mandate and if we're lucky we can reach our inflation mandate because demographics mean it's actually pretty hard to to generate inflation in that way currency debasement different type of inflation not measured right as we all know i'd just like to point out here revisiting this point of self-deception where you
START_SPONSOR_TOKEN companies to offer their own bitcoin products and services as a true game changer in the industry knightig is safely unlocking the power of bitcoin for forward-thinking individuals and institutions alike led by robbie guttmann yenzao and ross stevens nydia has absolutely exploded onto the bitcoin scene recently and has quickly become a leader in this space so whether you are a professional investor looking for asset management services or a company looking to white label your own bitcoin product or service consider nidig your single source solution for everything bitcoin i think END_SPONSOR_TOKEN