Steven Howe

@hodleye @PeterSchiff @TFTC21 Bitcoin has a 100% monetary premium. You have to trust that people will still want it.

@PeterSchiff @TFTC21 But I have trust issues. Bitcoin solves that major flaw.

Stanley Druckenmiller just told Morgan Stanley that stablecoins will power the entire global payment system within 15 years. He also said Bitcoin "wasn't needed" as a store of value. He's half right and completely wrong at the same time. Stablecoins ARE more efficient than legacy payment rails. The market crossed $315 billion, up $180B since early 2024. Bessent projects $3 trillion by 2030. No debate there. But calling stablecoins the future while dismissing Bitcoin misses the point entirely. Stablecoins are tokenized fiat. They make the dollar faster, not better. They still inflate. They still get debased. They still depend on the same central banks that destroyed 99% of the dollar's purchasing power since 1913. Making a broken currency more efficient doesn't fix the currency. It just helps you lose purchasing power faster. Bitcoin fixes the money itself. 21 million. No CEO. No reserve requirements. No government that can print more when spending gets out of control. Druckenmiller bought BTC around $15,000 in 2020. It's $71,000 today. Nearly 5x on an asset he says "wasn't needed." The payments system needs fixing. But the money needs fixing more.

@justin_hart Big Reddit Energy

Bill Maher to liberal guest: “Don’t patronize me.” Piers Morgan backs up Maher. Libs are big mad that Bill gave the time of day to Trump.

I'm not selling my crypto until guys like this are advising people to buy.

@DefiantLs Big government

🤔

@libsoftiktok It's weirdos who don't want to compete.

Why do they always look like this

@CBSNews @PeterSchiff

The U.S. economy has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis. cbsn.ws/33KX8lE

@mikejon13504661 @PeterSchiff What if there's a rotation out of US stocks into foreign stocks, bonds, etc., as well as a depreciating USD?

@PeterSchiff You said the market would only crash in terms of gold but not nominally. Is this still true?

At one time the stock market didn't crash until after the #Fed hiked interest rates. But thanks to the Fed keeping rates too low for too long, there's now so much debt that all it takes to crash the stock market is the mere talk of rate hikes in the future. Then after enough..

@ceviche_guevara @PeterSchiff I mean, to be clear, I don't think they're all faking it. But to the extent that there's suddenly an increase in people reporting to be sick just in time for Christmas, no one should be surprised. I'm not shitting on "workers," it's just human nature.

@SteveHoweNow @PeterSchiff I think it’s a shit assumption to think they’re all faking it as opposed to them actually being sick. But continue to shit on workers in order to continue to fanboy.

I'm sure these airline workers were all looking forward to working on Christmas Eve and Christmas Day. But they all just happened to catch #COVID19 and now they're stuck at home with their families. thehill.com/policy/transpo…

@ceviche_guevara @PeterSchiff So you think people prefer working at airlines to staying home with family on Christmas. Okay. Interesting take.

@ceviche_guevara @PeterSchiff What is so low about pointing out the obvious fact that most people would rather spend Christmas with family? People aren't complete idiots. They'll take advantage when they can. It's important to understand in a time when more and more moral hazards are being made/contemplated.

@Nick74736704 @PeterSchiff Do you think the fed, gov't will allow that to happen?

@PeterSchiff Wouldn’t a lack of stimulus cause a deflationary spiral? Particularly in asset prices.

As Nov. personal sending rose more than income, the savings rate fell to 6.9%, its lowest level since Dec. of 2017. Stimulus money has been exhausted and rising prices are eroding purchasing power. Without more stimulus recession will ensue. Without it #inflation gets much worse!

@RetailMuppet Serious question, why is what you said relevant?

@PeterSchiff everything has ti be exactly the same as it was before. there are certainly no differences between 1980 and now. none at all 🙄🙄🙄. oh wait - projected population declines in developed economies? lol 🙄🙄🙄

Anyone who thinks #inflation has peaked doesn't understand inflation. Inflation doesn't peak with negative real interest rates. At an actual peak real interest rates are very high as investors expect inflation to get much worse. Inflation peaked in 1980 at 13% with 7% real rates!

@JohnnySpasmodic @PeterSchiff Rates at 3%, for example, would likely cause problems, but real rates would still be quite negative, so it doesn't seem like it would deal with inflation (wouldn't encourage people to save instead of borrow and spend). What do you think?

@PeterSchiff Not saying it's peaked... but total debt is radically higher now than in 1980 as you know. It will take far less "tight" conditions to shunt inflation -- but you'll get huge real economy damage at the same time.