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#GM19 – The Economy is Getting Ready for a Hangover

GM Bitcoiners,

In the UK people drink… a lot. 

A popular summer pastime is attending a bottomless brunch – a late morning/early afternoon get together with food (typically classic English breakfast) and unlimited alcohol. 

Once things get going, a bottomless brunch can become a bottomless evening, day, or weekend. 

While you cannot avoid the consequences of drinking heavily, you can postpone the effects… by continuing to drink. 

When people feel themselves coming back to reality, they dose themselves again to avoid the hangover. 

But you can’t avoid the reality of the action, and once it arrives, it’s 10x worse

Everybody wants to have the freedom to do what they want ‘in the moment’ while also avoiding the responsibility of the action over the long term. The appeal of a ‘quick fix’ is just too tempting to pass up for most. 

Central Banks are no different.

They want to keep the good times rolling, so they’ve been quick to take action when the economy begins to feel the effects of reality, so they step in again to prevent short-term pain. 

No one wants the economy exploding on their watch, so it’s beneficial for everyone to just keep injecting the economy with cheap money.

But that cheap money has consequences. 


Zombie companies.

Misallocation of capital. 

Christine Lagarde is sleeping just fine apparently, what about you?

Reality is coming, and in uncertain times, we want money with a strong foundation. 

When money has a finite supply, cannot be manipulated for the few and can be verified, people must be more responsible. 

It also means you’re more adaptable when the ‘hangover’ arrives. 

If you want to save sats now for the future, we make it easy at FastBitcoins.

Written by Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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