There is a provision in the infrastructure bill that provides low interest loans for critical minerals. Miners have high capital costs and this makes US projects far more attractive if approved. Unclear what is a "critical mineral" though.
We are living through the greatest collective delusion in human history. If Jim Jones was alive, he'd eventually convince 100 million to drink the Kool-Aid.
Translated headline: Research fraud at a subcontractor to Pfizer, now 16 doctors and researchers demand that vaccination in Sweden be paused https://tpow.app/299cb1c5
"This is gonna cost a lot of money. You can be on the side of people we're taking it from (via inflation) or on the side of people who are doing the taking."
Climate change in a nutshell.
Collaboration is only profitable if regime survives though.
“Some have put the global figure between $100 and $150 trillion over the next three decades...at the same time, addressing climate change is the greatest economic opportunity of our time.” -Yellen
The mafia offers the same opportunities to businesses.
Imagine a developer/business in crypto who is all in on a coin because a high price created an illusion of a sustainable market. Think about wasted time and money. Inflation causes this to happen across an entire economy.
Stagflation looks like this: the govt budgets $550 billion for infrastructure and by the time it is spent, the $550 billion doesn't even cover the materials cost. Many projects end up canceled or delayed for lack of funding.
Real losses will be greater if there is high inflation. The 1929 top was followed by massive inflation: dollar devalued from $20 per ounce of gold to $35 per ounce. 2000 saw far less inflation.
Melt-ups increase the potential energy contained in the next drop. In the rare, right conditions, it produces the force needed to flip the system from expansion to contraction.
Then all of a sudden, the ball starts soaring higher and people who normally prepare the trampoline start moving away from it. "I don't want to be here if this falls."
Once in awhile, sometimes once a month, sometimes once a year, a bowling ball is dropped onto a trampoline. The longer the ball hasn't dropped, the higher it will fall from. People can guess about how high it will fall from nd prepare the trampoline.
BSV is functional at 1/350th BTC's price. The economy doesn't need 349ths of BTC. Which coin is more likely to have its price obliterated in a depression? Which network will suffer more loss of business, more user defection.
What most miss is that the US manufacturing/producer economy is depressed, it is very "strong" because barring hyperinflation or Green destruction of energy grid, it doesn't have much lower to go. And China is very weak because system is not sustainable.
China is supposed to be rebalancing their economy, supposedly for past 15 years. Instead, they keep pushing the existing system to new extremes. Similarly, the US is trade deficit will collapse in the next cycle. https://tpow.app/76a9d7e0
$TSLA bull case from current valuation rests on electrification of transportation. This requires politicians to impose a Green New Deal. The kind of politician who, this past Tuesday, was defeated by a trucker who spent $153 on his campaign.
If Trump was still POTUS, Virginia would have gone deep blue in the election this week. Trump would be pushing vaccines on the public and tweeting about new highs in stocks every day.
If the Fed ended QE yesterday and threatened a first rate hike by March, commodity prices would have declined immediately and supply chain would unclog in following weeks. https://tpow.app/a7fae7ad