The U.S. Economy After The Pandemic

For all the talk about pent up demand driving strong economic growth after the pandemic, the truth is we must pay the bill for all the stimulus during the pandemic. Because we borrowed so much to mitigate the recession, we need to spend less during the recovery to repay the debt.

Rising Long-Term Rates Shouldn't Be Hurting Gold

Rising long-term interest rates are not helping the U.S. Dollar so they shouldn't be hurting gold. 

The U.S. Dollar is falling despite rising nominal rates because the rise is driven by inflation fears. The Federal Reserve is so far behind the curve it can't even see it. 

This is very bullish for gold.

Lots Of Electrical Power Is Wasted Creating Bitcoin

You can't power anything with Bitcoin.

But a lot of power is wasted creating Bitcoin and operating the network.

Once Bitcoin crashes for good, and all of this finally nonsense finally comes to an end, all of that power will be freed up for productive uses.