During their IMF "discussion," Jerome Powell and Christine Lagarde don't agree on everything. We investigate how globalization impacts Europe and the United States in different ways.
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Fed Watch is a podcast for anyone who are interested in current developments involving central banks and how Bitcoin may integrate or replace portions of the old financial system. To comprehend how bitcoin will become a worldwide currency, we must first comprehend what is now taking place.
First and first, let me state unequivocally that this was not a discussion. These financial bureaucrats were merely using this platform to communicate their message to the world's population. They all agreed on the fundamental arguments, which were that inflation is excessive and that supply shocks may be blamed on Russia for most of the problem.
The main message from Lagarde and Powell was that they needed to reign in demand in their respective economies to get the consumer price index (CPI) back into their acceptable range of 2%, because the rise was being driven by a supply shock.
As the adage goes, the media is the message. Despite the fact that this event is designed to present a united front for the global financial system, there are numerous key areas where Powell and Lagarde disagree once you dig a bit deeper.
THE RESPONSE OF BITCOIN TO LAGARDE AND POWELL
Because this is a Bitcoin program, Keroles and I spend a lot of time talking about how bitcoin solves the banking system's flaws that Powell and Lagarde mention.
A Bitcoin system will remove most of the complexity out of the process, rather than depending on central planners (who profess to following the market anyhow). We won't be misled into believing that the expert class knows best, and people won't be burdened by a narrative of inadequacy and inefficiency.
That's all I've got for this week. Thank you to all of our readers and listeners. If you like what you're hearing, please subscribe, leave a review on iTunes, and spread the word!
