What Bitcoin Did
This Is The End Of The Dollar System | Jeff Ross
- Bitcoin technicals: Bitcoin has repeatedly failed to hold above the 100-day moving average since October (rejected at ~$97k in January, currently ~$75k). Guest expects potential capitulation toward $50–60k range before sustainable recovery.
- Macro-economic policy shift: Trump administration in "war footing" mentality with massive fiscal spending on military, manufacturing, energy, and rare earths rather than austerity. This will expand the liquidity blob into the real economy.
- Three economic "burners": (1) Liquidity size and direction; (2) ISM Manufacturing PMI recovery from unprecedented post-WWII contraction; (3) Return of bank lending and leverage into markets.
- Geopolitical escalation & World War III thesis: Guest argues we're already in WWIII (proxy wars, fragmentation). Predicts U.S. may occupy Karg Island in Persian Gulf to control Iran's oil as leverage in multipolar world shift.
- Structural inflation 3–6%, with deflationary AI/robotics headwinds: Wartime spending will drive inflation; automation simultaneously creates deflationary pressure but displaces workers, causing social instability.
- AI/jobless recovery crisis: Technology is eliminating white-collar and blue-collar jobs simultaneously. Without redistribution mechanism (UBI or universal basic services), desperation and civil unrest will escalate.