Buy Bitcoin as US Enters 'Treasury Looting Phase'

That's right, buy while you still can because pretty soon there won't be anything left...                                                                                                                                                                                                                                                                                                                                                                                                                 March 12, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20The%20Inflation%20Cafe%27&body=New%20Post%3A%20%0A%0Ahttps%3A%2F%2Fthe-inflation-cafe.beehiiv.com%2Fp%2Fnew-post-5958) [Bitcoin Buying Advised as U.S. Enters the ‘Looting-the-Treasury Phase’]( Amid rising national debt levels in the United States, influencers on X say Bitcoin is the only realistic solution to sidestep inflation. by Martin Young [The CoinTelegraph]( Two crypto influencers on X have called on their followers to snap up Bitcoin, gold and silver, citing the risk of rising national debt in the United States. In an X post on March 11, entrepreneur and angel investor Balaji Srinivasan argued that Bitcoin is the only realistic solution to escape the inevitability of unsustainable government spending and potential asset confiscation. “We’re in the looting-the-treasury phase of imperial collapse,” the former Coinbase chief technology officer told his 994,000 followers. [Continue Reading at]([CoinTelegraph.com]([…]( [My personal favorite free newsletter Bravo Cycles]( [Dr. Branimir (Brana) Vojcic, Editor, is an Emeritus Professor, a former ECE Department Chairman at the GWU, CEO and Co-founder of LN2, and President of Xplore Wireless, LLC, a Wireless consulting company.]( [Brana, aka BraVoCycles, brings to the Market Timing and Price Projections newsletter his scientific enthusiasm and expertise in cycles, married to his over 30 years of experience in fundamental and technical analysis of financial markets, to achieve unprecedented insights into the behavior of the stock market and presented opportunities in individual instruments, for the benefits of the newsletter readers.]( BraVoCycles Newsletter Market Timing and Price Projections bravocycles-newsletter-market-timing.beehiiv.com/subscribe?_bhba=553c2e93-aa65-45fb-b6bb-4f92fcb8c5cb [Expect Another Surge in Food Prices Fueled by ‘Dynamic Pricing’]( Restaurants are moving towards dynamic menu prices. Expect big surcharges for peak times. Don’t expect off peak prices to drop much. Labor costs are rising too. by Mike ‘Mish’ Shedlock [Mish Talk]( Surge Pricing Is Coming to You Restaurants are experimenting with surge pricing to deal with peak hours and staffing demand. They like it. You probably won’t. The Wall Street Journal reports Surge Pricing Is Coming to More Menus Near You Restaurants like San Diego-based Cali BBQ are experimenting with a form of the dynamic pricing long used by airlines, hotels and ride-hailing services. Technology providers are pitching services that enable restaurants to change prices weekly or monthly, increasing or slashing the cost of a taco or sandwich between a few quarters to several dollars, depending on demand and sales patterns. [Continue Reading at]([MishTalk.com]([…]( [‘Buy Now, Pay Later’ Goes From Niche to Normal as Young People Use it for Daily Essentials]( What began for many as a way to pay for concert tickets and vacations is becoming an ordinary tool that Gen Z and millennial shoppers use for food, contact lenses and trash bags. by J.J. McCorvey [NBC News]( Buying now and paying later is still a popular way to splurge on airfare to Cabo. It’s an increasingly common way to buy groceries and lawn furniture, too. Consumers ages 35 and under comprise 53% of “buy now, pay later” users but just 35% of traditional credit card holders, according to LexisNexis Risk Solutions. Many of those core “BNPL” borrowers have grown so comfortable using the installment loans for just-out-of-reach luxuries that they’re putting more everyday purchases on them as well. Apparel and accessories were the most popular product category among millennial (ages 30-44) and Gen Z (18-29) users of the BNPL provider Afterpay in 2021 and 2022. [Continue Reading at]([NBCNews.com]([…]( [Key Events This Week: CPI, PPI and Retail Sales as Fed Enters Blackout Period]( from [Zero Hedge]( With 10yr US yields around -10bps lower, and the S&P 500 around +2% higher than where they were just before last month’s higher-than-expected CPI, DB’s Jim Reid concludes that “it’s fair to say that markets have shrugged off this upside print alongside the high PPI and core PCE prints that followed.” The question now is whether this week we get to do it all over again, but before we preview the US CPI (tomorrow) and PPI (Thursday), the other main US highlights are the NY Fed 1-yr inflation expectations survey (today), retail sales (Thursday) and UoM consumer sentiment (Friday). There are also 3-, 10- and 30-yr UST auctions today through Wednesday. [Continue Reading at]([ZeroHedge.com]([…]( [Not Again with the ‘Shrinkflation,’ Please]( Shrinkflation is just inflation by another name, and two other facts to keep in mind during tonight’s State of the Union address. by Eric Boehm [Reason.com]( President Joe Biden will reportedly use tonight’s State of the Union address to once more rail against what the White House has taken to calling “shrinkflation”—the annoying corporate practice of shrinking the size of products rather than raising prices. Politico reported this week that “recent drafts of Biden’s State of the Union address have included a reference to shrinkflation as part of a broader segment on administration efforts to pressure companies to lower costs across the board.” A White House spokesperson told the outlet that Biden “will continue to call out rip-offs such as shrinkflation, greedflation, and price gouging.” You’ll note that, up there in the first sentence, I acknowledged that shrinkflation is annoying. It is, and polls show that consumers are indeed put off by the practice. [Continue Reading at]([Reason.com]([…]( [CNN Beclowns Itself by Confirming the Escalating Cost-of-Living Crisis While Trying to Pin it On Trump]( by Jack Hellner [American Thinker]( A recent article from Matt Egan at CNN admits that Americans have a problem paying for things… but neither he, nor any of the outlet’s other employees ever bring up Joe Biden or his policies as a significant cause of the problem; read here: Americans’ cost of living remains a massive headache, even as recession fears fade The long-rumored recession has been postponed – or perhaps canceled altogether. The soft-landing vibes are real. Inflation is cooling. The economy is growing at a shockingly strong pace. And unemployment hasn’t been this low for this long since the late 1960s. And yet, hidden behind these boomy-economic indicators, a frustrating reality persists: Life is far too expensive for far too many. [Continue Reading at]([AmericanThinker.com]([…]( [Eventual Financial Death Spiral Now Imminent – John Rubino]( by Greg Hunter [USA Watchdog]( Analyst and financial writer John Rubino warned nearly four months ago of a [“U.S. Financial Death Spiral.”](This past week, Bank of America caught up to Rubino and issued a warning about a “US dollar death spiral” because the federal government was going deeper in the red by creating [“$1 trillion in new debt every 100 days.”](Maybe this is why gold and Bitcoin have been hitting new all-time highs day after day. Rubino says, “When a building was worth $200 million and someone sells it for $48 million, that means there is a loss that someone has to take. Those losses are mostly on the books of regional and local banks. So, they are in big trouble financially. . . . You will get these massive bank runs that the government will have to step in and bail out. This is one of many things that will happen in the not-so-distant future. This will impact government finances in a scary way that will send people’s attention to the currency. In other words, if we have another $3 trillion bailout on top of everything else that’s going on . . .what is that going to do to the dollar? . . . . Currencies are being inflated away with all these bailouts, deficits, wars and all these things that are going on that are bad for the currency. So, people start selling government bonds, which push up interest rates and blows up even more bad real estate and paper . . . until you get a debt spiral, a real live financial death spiral than cannot be fixed. . . . I was talking to a real estate guy the other day, and he said this is not just inevitable, it is imminent. It is happening now. It is happening quickly, and it is going to hit the headlines. . . . In this case, what is inevitable in commercial real estate is also looking imminent.” [Continue Reading at]([USAWatchdog.com]([…]( Update your email preferences or unsubscribe [here]( © 2024 The Inflation Cafe' 5500 Military Trail, Suite 22-307 Jupiter, FL 33458, United States of America