Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss how Fed money printing has been the primary way that the US has financed its foreign wars over the past 20 years. When you have only a small percentage of the population actually fighting in a war, and that war is being funded by inflationary money printing (or by shifting the debt burden to subsequent generations)-- It's quite likely that you will end up with more expensive and more useless wars than you otherwise would have. Under a Bitcoin standard, no nation will be able to go to war without the express social and financial approval of its population, who will need to be willing to fork over some of its Bitcoin to fund the war. When you hear "fiat money," you should immediately think of lies, broken promises, death, and destruction. By contrast, Bitcoin promises to usher in a more peaceful and just society. Not investment advice! Consult a financial advisor. Memorial Day: https://en.wikipedia.org/wiki/Memorial_Day WW2, Korean War, and Vietnam War all funded by tax increases: https://en.wikipedia.org/wiki/Revenue_Act_of_1942 https://en.wikipedia.org/wiki/Impact_of_the_Korean_War_on_the_economy_of_the_United_States https://en.wikipedia.org/wiki/Revenue_and_Expenditure_Control_Act_of_1968 Obama and Bush both cut taxes: https://www.americanprogress.org/article/obama-vs-bush-whos-the-bigger-tax-cutter/ Costs of the 20-year war on terror: https://www.brown.edu/news/2021-09-01/costsofwar Federal Reserve's balance sheet: https://fred.stlouisfed.org/series/WALCL Conscription in the US: https://en.wikipedia.org/wiki/Conscription_in_the_United_States How many Americans served in WW2: https://timeline.com/its-amazing-just-how-many-americans-served-in-world-war-ii-18d197a685ca How many Americans served in War on Terror: https://www.forbes.com/sites/niallmccarthy/2018/03/20/2-77-million-service-members-have-served-on-5-4-million-deployments-since-911-infographic/?sh=2cedd71350db Kunduz hospital airstrike: https://en.wikipedia.org/wiki/Kunduz_hospital_airstrike The Invisible Cost of War in the Age of Quantitative Easing: https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #fed #war Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=zT6MWfaxkCw

Join the Trader University email list: https://www.trader.university/email-list In this video, I discuss the implications of Powell's speech at the Jackson Hole conference yesterday. Although Powell warned in his speech that he was willing to cause a large amount of "pain" in order to get inflation under control, I continue to believe that the Fed is closer to the end than the beginning. The 2s10s spread is already deeply inverted, signaling that the Fed is already too tight, especially if it goes ahead with its September hike. I continue to expect the economic data to weaken and for the stock market to call Powell's bluff. Our highly financialized and levered economy is not able to withstand the same level of interest rates that Paul Volcker was able to achieve. Plummeting tax revenues could lead to a sovereign debt crisis if the Fed continues to tighten and roll off its balance sheet, as the US Treasury is forced to issue more debt into a market where there is no marginal buyer left besides the Fed. Not investment advice! Consult a financial advisor. Powell's speech at Jackson conference: https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm Don't call it a recession: https://www.washingtonpost.com/archive/opinions/1978/12/03/yes-well-have-no-banana/ff66f487-7e1a-4579-a199-5750373405c9/ https://www.youtube.com/watch?v=exDVxkLoNUw&ab_channel=TraderUniversity The Bear Market Is Over: https://www.youtube.com/watch?v=AIbnO1lQd5E&ab_channel=TraderUniversity Fed funds probabilities: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html Average monthly returns for stock market: https://www.yardeni.com/pub/stmktreturns.pdf Debt/GDP chart: https://fred.stlouisfed.org/series/GFDEGDQ188S Federal deficit as % of GDP chart: https://fred.stlouisfed.org/series/FYFSGDA188S Tax receipts are already falling sharply: https://www.bloomberg.com/news/articles/2022-08-01/us-treasury-lifts-quarterly-borrowing-estimate-to-444-billion https://www.bloomberg.com/news/articles/2022-08-22/california-s-july-revenue-falls-12-short-as-boom-times-fade 2021 Jackson Hole symposium speech transcript: https://www.rev.com/blog/transcripts/fed-chair-jerome-powell-jackson-hole-symposium-speech-transcript-tapering-could-begin-this-year Powell changes his mind about inflation: https://nypost.com/2021/11/30/jerome-powell-its-time-to-retire-term-transitory-inflation/ Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #fed #inflation #stockmarketcrash Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=r4linZYPYyI