Monday, February 5, 2018

Eagles Beat Patriots

It was a great Super Bowl as the upstart Eagles took down the dynastic New England Patriots and their 40 year old quarterback, Tom Brady. Sure, Brady had another typical year and Super Bowl where he displayed why he is one of the greatest players in NFL history, but time marches on.

The Pats may win a few more Super Bowls before the Brady-Bellichick era is done, but it will end. Pats fans know it,  and the rest of the NFL can't wait for it to happen. We can revel in what they have accomplished and be awed by their achievement of staying at the top for so long, but we will someday have to say goodbye.

The same is true for the dollar as the world's reserve currency. The Fed and the rest of the world's central banks have inflicted too much damage on fiat currencies for them to be able to continue their run as the base of the global financial system. Fiat debasement is now a requirement. Regardless of recent price action, the dollar will weaken into the future while bitcoin strengthens. There is no way around this. Like the Pats and Tom Brady, there will still be occasional glimpses of the old glory, but fiat's decline and fall is on the way.

Disclaimer: Nothing here should be construed as investment advice. These are nothing but my rambling thoughts. I do own gold and bitcoin, but do not recommend these assets for others. You have to do your own homework and know what you are getting into. Governments hate these two assets and will try to make sure no one who owns these things wins. You have been warned to stay away!

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