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In this video, I discuss the Minneapolis Fed paper on the obstacle that Bitcoin poses to out-of-control government deficit spending. This paper provides the theoretical foundation for Bitcoin bans and high taxes on Bitcoin.
The financial backdrop to this drama is the ongoing sovereign debt crisis, in which US debt dwarfs the size of the real economy, and thus can never be serviced or paid off without the assistance of Fed money printing.
Those who don't hold their savings in Bitcoin will be victims of central bank money printing and frog-boiling.
Not investment advice! Consult a financial advisor.
Minneapolis FED Research Paper Finds Banning or Taxing 'Bitcoin' Can Help Maintain Permanent Budget Deficits:
https://www.nobsbitcoin.com/minneapolis-fed-research-paper-finds-banning-or-taxing-bitcoin-can-help-maintain-permanent-budget-deficits/
US GDP:
https://fred.stlouisfed.org/series/GDP
US M2 money supply:
https://fred.stlouisfed.org/series/M2SL
US debt clock:
https://www.usdebtclock.org/
Fed holdings of US Treasuries and MBS:
https://fred.stlouisfed.org/series/TREAST
https://fred.stlouisfed.org/series/WSHOMCB
US debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S
Lagarde hates that Bitcoin is a global exit:
https://www.reuters.com/article/business/ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSKBN29I1PM/
Inflation disproportionately hurts the working class:
https://x.com/LastCoinStandng/status/1848202736216797303/photo/1
Neel Kashkari and "infinite cash":
https://www.minneapolisfed.org/people/neel-kashkari
https://x.com/Vis_in_numeris/status/1241905410157805568
https://x.com/janwues/status/1776204697927303601
Minneapolis Fed paper on Bitcoin and government deficit spending:
https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits
ECB Attack On Bitcoin:
https://www.youtube.com/watch?v=-REk4ZsZvh0&ab_channel=BitcoinUniversity
EU attacking Bitcoin via high taxes:
https://www.nobsbitcoin.com/italy-plans-to-raise-bitcoin-capital-gains-tax-from-26-to-42/
https://www.nobsbitcoin.com/denmark-to-consider-unrealized-cryptocurrency-gains-tax-next-year/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Fed
#debt
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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