Rising interest rates are just the symptom; the underlying cause of that is nobody wanting to buy paper promises from untrustworthy, thieving assholes anymore. ๐คทโโ๏ธ
This is just a chart of the market deciding to reject the governmental "trust me bro" status quo & ditching those quicksand castles in search of solid bedrock to build on. ๐โโ๏ธ
I don't blame them; I applaud it. ๐ค
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I explained already; people aren't lending to governments anymore, so they're going to have to print money until their eyes bleed. ๐โโ๏ธ
Bye bye, fiat. ๐ค
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