PSA:
Hey, you know how El Salvador had dollars, but when the Fed printed more, they didn't get any? (obviously).
We are all El Salvador. The Fed printed money and covered the balance sheets of their own member banks against "insolvency". The rest of us, we will face higher prices later.
Because we're not a hedge fund like Blackstone, Blackrock, we don't get to use the free money to buy houses.
Unless you are standing close to the money spigot, their money printing is completely screwing you.
Solution is to buy a hard asset like bitcoin with the fiat you've got. And/or rebalance to whatever risk/reward you think is best (I don't know your situation).
Submitted June 30, 2021 at 07:24AM by walloon5 https://bit.ly/2UQHgJw
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