Cryptocurrency Predictions 2022 and Beyond

Cryptocurrency Predictions 2022 and Beyond

Cryptocurrency Predictions 2022 and Beyond

How Some Millennials Got Rich In 2021

Take A Fun Journey Into The Crypto Future With George Gammon

Cryptocurrency Predictions 2022 and Beyond

Cryptocurrency Predictions For 2022 And Beyond!! (Shocking Intel Revealed)

55,663 viewsOct 4, 2021 

George Gammon 

334K subscribers

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Cryptocurrency Predictions 2022 and Beyond

 Cryptocurrency Predictions 2022 and Beyond 


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00:00shocking predictions for cryptocurrency00:03going into 202200:06and beyond i’m gonna explain this to you00:09in three00:10simple fast steps step number one00:14people are getting00:17rich00:19and we’re not talking about rich some of00:21these people are getting to be00:23millionaires even billionaires in00:27cryptocurrency but let’s think through00:30the numbers the devils and the details00:33as they always say00:351400:36of americans now own cryptocurrency00:39their combined net worth has gone up00:43almost 200:45trillion00:46dollars since the beginning of 2022.00:50i’ve got a chart right here going all00:52the way back to march 2020 the beginning00:54of the cervasis sickness all the way to00:56today september 2021.01:00on the left we started zero01:02trillion dollars if we go up to two01:05trillion01:06the market cap for cryptocurrency that’s01:10what this chart is illustrating starts01:13off at01:15144 billion dollars this was not01:1910 years ago01:21this was basically one year ago or a01:23little over a year ago at the beginning01:26of the cerveza sickness01:28it goes pretty straight for a01:31cryptocurrency chart and then before01:33january it goes completely parabolic and01:37peaks out over01:39two trillion dollars and then it comes01:41crashing down but it’s rebounded to a01:44point where it’s still right around two01:47trillion dollars so if we take the two01:50trillion dollars we subtract where it01:52came from at 144 that’s why i’m saying01:55the net worth or the increase in net01:59worth for these 1402:02of individuals who own cryptocurrency02:05has gone up by almost02:072 trillion02:09a staggering amount but to understand02:12what may happen to the price of02:15cryptocurrency and cryptocurrencies02:18themselves moving into the future02:21we have to understand02:23who02:24owns crypto today02:26the demographics and why those02:29individuals own so much crypto why have02:32they moved over into that space what has02:35prompted them to make those decisions02:38first of all the demographics the main02:40group that owns cryptocurrencies male02:43ages 25 to 34.02:46they’re making on average about 25 to 3502:4900002:51editor going throughout the chart we can02:52see this is 25 to 35 000 pounds this02:55study was done in the uk so in dollar02:58terms might be a little bit more but you03:00get the general idea we know one thing03:03is for sure in the trailing 12 months03:06they absolutely03:08crushed it03:10they knocked the cover off the ball a03:13lot of these crypto currencies are up 203:153 4 5 10 100 times03:19who knows but at the end of the day03:20demographics are just numbers and03:23statistics i think it’s far better to03:26get your mind around who actually owns03:29cryptocurrency through a visual03:32representation so i summoned03:35all of my artistic ability and created03:38this guy right here his name is crypto03:42caleb03:44let me describe03:45all of crypto caleb’s characteristics03:50first of all of course he’s kind of a03:53hipster guy he’s got his really clean03:55haircut with the part right on the side03:58and of course he has a beard because04:00caleb has so little testosterone that04:03he’s got to over compensate for it by04:06having that facial hair and he has04:09tattoos showing what a badass he is he’s04:12got his el salvador04:14shirt on and of course he’s holding a04:16sign that says follow me on insta while04:20he’s holding his soy04:22cafe04:23latte that he just got at starbucks he04:25has a dog because every male in that age04:28group has to have a dog and take it with04:31them everywhere regardless of whether04:33they’re going to a restaurant04:35in an airplane or how wildly04:38inappropriate it may be he’s wearing04:40these pants that04:42kind of aren’t pants they’re more like a04:45modern day version of knickers i have no04:47idea why men actually choose to wear04:51these pants it would be sort of like a a04:54prison sentence for me if i did04:56something wrong it would be my04:57punishment and all of them have these04:59badass off-road vans or always mercedes05:04i think it’s some sort of transit van05:06they’ve got the ladder on the back and05:08these racks where you can put all your05:10luggage it’s a proper bear grylls05:13type of off-road adventure vehicle they05:17like to think that they can bug out at05:21any time but the only thing they’re05:22really doing is kind of bugging out of05:25their parents basement so now we know05:27what the average crypto05:29investor looks like let’s dive into the05:33psychology what has prompted them what05:35has driven them to make these decisions05:39well it starts off like it usually does05:42with the fed in your drunk05:44insolvent uncle sam they have been05:47sending crypto caleb stemi checks for05:50the last year his income has skyrocketed05:54from all the05:56free money that he is getting from the05:58government but more importantly the fed06:02has kept real rates06:05negative for a long time now i know that06:09if you buy into the cpi there’s been06:10several times throughout the past few06:12decades where real interest rates have06:15been positive but if you actually look06:18at how much prices have gone up i think06:22everyone would come to the same06:23conclusion06:24that real rates of interest are usually06:28negative that means that you’re losing06:31purchasing power by holding cash or by06:35holding a bond that is only paying you06:38let’s say two or three percent it’s06:42really important that you06:44everyone watching this video right now06:47understands how that impacts society as06:52a whole we might not consciously always06:55think about it but subconsciously06:58we know that if we keep our money in the07:01bank07:02or in bonds we’re going to lose07:05purchasing power over the long run so07:09what this does is it pushes us the07:12average investor the average joe and07:15jane and07:17crypto caleb07:19further and further out the risk curve07:22they’ve got to take more and more risk07:26to make sure that their savings is not07:28only keeping up with inflation but07:31hopefully accelerating at a faster pace07:34but it’s not just stemis and negative07:37real rates pushing people further out07:39the risk curve it’s also that there’s07:42fewer opportunities out there for those07:45young people who are graduating college07:48or those middle aged millennials will07:51call them the government has created all07:54of these economic distortions they’ve07:57created malinvestment and a07:59misallocation of resources which has08:02incentivized businesses to speculate08:06on financial assets instead of08:09reinvesting back into their business08:12growing their business trying to produce08:13more goods and services by hiring more08:17people and creating jobs because of the08:21actions of the fed and the government08:23our entire economy has been08:26financialized and what that means for08:29crypto caleb is fewer08:32good job opportunities and the central08:35planners have also08:37disincentivized caleb to become an08:39entrepreneur himself because of all the08:42additional regulations and most likely08:45taxes going to the moon in the future we08:48hear the administration and the08:50mainstream media all the time talking08:53about how bad and evil the capitalists08:57and the entrepreneurs the producers and08:59job creators are in our society and we09:02really need to bring them down a few09:04notches09:05for the greater good09:07so why on earth would caleb want to sign09:10up for that09:11it’s far easier to take your stemi09:13checks and just put them on doji coin09:17because at the end of the day09:19it is yolo time you only09:23live09:24once but this meme is just a09:27representation that illustrates09:30how much the fed has pushed the average09:34investor out the risk curve if i had a09:37picture of jerome powell right here he09:40would be holding a sign saying take more09:43risk to explore this yellow attitude09:47that has been driven09:49by the fed and the government creating09:51negative real rates and inflation let’s09:55cut to the internet and a comedian named09:59remy you guys are really gonna get a10:01kick out of this one10:04coming up bad news for savers as even10:06those with high interest savings10:08accounts are seeing their money10:09disappear thanks to inflation but first10:12we’ll detail every possible thing you10:14could die from he’s a rational investor10:17dividend i just uh saved some numbers10:19paycheck just like all his ancestors him10:22looking for high yields that’s never the10:24case he’s seeking six percent return10:26slow and steady wins the race when he10:28checks his accounts just to see what10:30they’re fielding it’s like driving in10:32maryland ain’t nobody yielding what is10:34he to do he shouldn’t be in a drought so10:37he visits his advisor just to sort it10:39all out inflation’s higher than your10:41bond rate that’s what i was fearing so10:43your savings account is slowly10:45disappearing and your cds are pointless10:48that’s not very funny what would you10:50like me to do put it all in dog money10:53dog money dog money dog money dog money10:57i’m trading it in for dog11:03[Music]11:13moves i ain’t gonna be a pun i sold my11:16ira and bought an nft a one all in all11:19doge i dish them out like a tommy gun11:21you think i was statehood the way i’m11:23passing on watching tons i feel like11:25matt gates you know what i mean assuring11:28everybody it’s above 18. it’s a modern11:31day gold rush the price is a boom like11:33reggie white versus all this i’m headed11:35straight to the moon11:37my broker’s calling you know that it’s11:39on11:40buy dog money don’t stop till it’s dawn11:44step number two11:45now i’m going to reveal my first11:50prediction11:51are you ready for it11:54your 401k11:57is going to turn into11:59a 401k12:019.12:02[Laughter]12:04sorry about that after that last video i12:07could not resist that little joke okay12:09let’s start with these charts first of12:11all the unemployment rate goes back to12:142008 all the way to 202112:18starts around four percent and then12:19skyrockets up to about 12 percent during12:22the gfc then gradually comes back down12:25to an all-time low or very close to an12:28all-time low 2020 before the cerveza12:31sickness under 412:32but then it goes completely parabolic up12:35to 15 or 16 percent and keep in mind12:39this is the u312:41unemployment number that’s the headline12:43number you always see on cnbc and12:45bloomberg which i think understates the12:49real rate of employment dramatically12:52we’ll save that for another video so the12:55way the fed in the government measures12:57u3 it has come back down in july it was13:015.4 percent but notice there’s quite a13:05delta between the 5.4 percent13:08we have now13:10and the under 413:13we had13:14prior to the cerveza sickness so the fed13:16is looking at this13:18and they have this mandate for13:21unemployment so they want to get this13:23number back down to under four percent13:26and then there’s also13:28politicians like aoc13:31elizabeth warren bernie sanders that13:34think jerome powell is nowhere near13:37dovish enough13:40oh yes that’s right that 120 billion13:43dollars the qe13:45isn’t near enough for those politicians13:48who want more and more13:51central planning they want to see the13:54fed bring the unemployment rate down to13:57maybe 113:59or 0.5 percent regardless14:02of the rate of inflation but i’m sure14:05most of you by now have heard jerome14:07powell always come out and say that14:09inflation is14:11transitory in fact in that14:14presentation that they gave to congress14:17the other day with janet yellen or14:19whatever they want to call it i i can’t14:21stand to pay any attention to those14:22things but in their14:24testimony we’ll call it uh both he and14:27yelen said that yes inflation is14:30transitory and their argument really14:32revolves around something called the14:35phillips curve14:37so we start here on the bottom three14:40percent four percent goes all the way to14:42seven percent this is the unemployment14:45rate14:46over here14:48the vertical line14:50starts at two so it goes up to seven14:51percent this is the rate of inflation14:54so basically what the phillips curve14:57says14:58is that as the rate of unemployment15:02gets higher15:04the rate of inflation gets lower15:07so there’s an inverse correlation15:10between the unemployment rate15:13and inflation said another way if15:15unemployment goes down15:18then inflation will go up so the fed is15:22looking at the unemployment rate being15:25higher much higher than it was at the15:28end of 201915:30and they’re looking at the phillips15:31curve and saying well there’s no way15:34that we have sustained inflation because15:37the rate of unemployment isn’t low15:40enough and for most of you who are15:42really paying attention right now you’re15:44probably scratching your head and saying15:45wait a minute george15:47wasn’t the phillips curve really15:49debunked in the 1970s15:52and i would argue that was debunked15:55pretty much in every single decade but15:57believe it or not the 900 phd’s at the16:01fed still use the phillips curve to make16:06decisions and to predict16:08whether or not inflation is transitory16:11or permanent but then the next question16:15becomes okay we know16:17the phillips curve is broken16:20but has cryptocurrency16:23broken the phillips curve16:26even more16:28and this is a fascinating thought16:30experiment to dive into this deeper16:33let’s go right to the internet and a16:35blog post from one of my good buddies16:38who actually used to work16:40at the fed his name is joseph wang16:45alright so joseph’s blog is called fed16:48guy it’s i’d strongly suggest16:53checking it out every one of his blog16:54posts16:55are awesome and thought provoking and16:59extremely17:00interesting to say the least so let’s17:03start by going over his recent or most17:05recent blog post wealth17:07side effects17:09and this is where he is arguing that17:12because the stock market and17:14cryptocurrency has gone up to such a17:17significant degree17:18since the beginning of 2020 that it is17:22having an impact on the labor force17:24participation rate and therefore the17:28unemployment rate so a lot of people are17:30choosing to not go back to work because17:33they’ve increased their wealth so much17:37by17:38we’ll call it quote-unquote investing or17:40speculating in cryptocurrency and the17:43stock market why on earth should they go17:46back to work and make 15 an hour when17:49they just made 30 00017:51in the last two months in doji coin as17:55an example he starts by pointing out17:57this chart of the estimated increase in18:00median wealth from 2019 to q2 202118:04and it is true18:06that the people at the top of the18:09economic18:10ladder18:11really saw most of the gains their net18:14worth increased by an average of 55318:1800018:20wow that is18:23really incredible but then he also18:25points out the surge in asset prices has18:29been so extreme that even less wealthy18:33cohorts saw meaningful gains since18:372019. and we can just go back to the18:40chart and see people even18:42in the18:4325 to 50 percentile their net worth18:48increased by 1818:5000018:52that is a significant amount assuming18:55you’re making18:56let’s say thirty or forty thousand18:58dollars a year so joseph’s hypothesis19:00which i would completely agree with is19:03because we’ve seen such extreme wealth19:05gains this has dropped the labor force19:08participation rate19:10significantly because people are just19:12choosing not to go back to work and19:14what’s odd is we have this dynamic in19:17the labor market where job openings are19:21at all time highs so the fed is sitting19:25back kind of scratching their head none19:27of this makes sense to them because if19:29job openings are at all time highs that19:32would indicate that the labor market is19:35very tight and therefore the19:36unemployment rate should be a lot lower19:40than the 5.4 percent that we saw on the19:44chart going back to the whiteboard now19:46let’s go ahead and start connecting some19:48dots with cryptocurrencies19:51so this section of the blog post is19:53called dark money cryptocurrencies are a19:56two trillion dollar asset class absent20:00from flow of funds data because they20:03exist on decentralized ledgers outside20:07of national reporting systems20:10crypto as an asset class was negligible20:13in 201920:15but may have grown to levels that are20:17impactful on a macroeconomic level like20:20dark matter it is exerting influence20:24without being seen now we go over some20:27more statistics that really put things20:29into perspective it’s called fast money20:32the scale and speed of the rise in20:35household wealth is simply unprecedented20:37the roughly 40 trillion20:40increase in household wealth over the20:42past two years is real money that can be20:45spent on goods and services20:48and he points out here correctly just20:50not all at once20:51[Laughter]20:53don’t sell all at once so the price will20:55come crashing down20:57this has obvious implications for21:00consumption and inflation but also on21:02the public’s urgency to seek employment21:05we were talking about earlier21:06stopping the flow of unemployment21:08payments may be less impactful and i21:11think that definitely has a lot to do21:13with it as well but i’ve done several21:15videos on that so we’ll stick to the21:17topic of this wealth creation21:20cryptocurrency and demotivating people21:23to go back to work21:25so stopping the flow of unemployment21:27payments may be less impactful in21:29encouraging employment when the stock of21:31wealth has grown tremendously21:34and this chart is really jaw dropping21:38its households and non-profit21:40organizations net worth level so we can21:43see it dip down which is what you would21:45expect in the gfc21:47and since then it’s gone straight up21:50into the right but look at what happened21:53after the cerveza sickness21:55it not only goes up into the right it21:57goes pretty much straight up it’s a buzz22:00lightyear chart to infinity and beyond22:04to infinity22:06and beyond just to reiterate over the22:09last two years household wealth has gone22:12up by approximately22:144022:15trillion dollars the fed appears22:18confused by the labor market there are22:20many signals of the labor shortage even22:22though the unemployment rate is also22:24elevated the fed is holding rates low on22:27the belief that the economy is far from22:29maximum employment even though inflation22:33is high this goes back to the phillips22:35curve that we were talking about22:37but if the wealth effect has22:39structurally changed the labor market22:42then the fed is viewing the world22:44through an outdated model22:48so let’s think about this for a moment22:51what happens is people still have the22:53same amount of purchasing power or if or22:56more purchasing power for that matter22:58but yet they’re not going back to work23:00producing goods and services and in the23:03mind of the fed if people are unemployed23:05then they should see a decrease in23:08demand and that ties into the inflation23:11rate so if demand goes up even though23:13the unemployment rate stays persistently23:17high the fed is going to see that and23:19assume that inflation is transitory23:22because they’re going to assume that23:23they actually have less purchasing power23:25because they’re not taking into23:27consideration this wealth effect that23:30joseph wang is pointing out extremely23:33well so therefore it may take much23:36higher wages to reach the pre-pandemic23:39unemployment rate the fed may be23:41inadvertently running the economy much23:45hotter23:46than they realize23:48so in order to get people to go back to23:50work when they’re making 30 00023:53every two months trading cryptocurrency23:55wages are going to have to go from 15 an23:58hour let’s say up to 30 or 50 or 7524:02dollars an hour and then that will24:05exacerbate the problem of inflation that24:09the fed24:10thinks doesn’t exist24:13so my first prediction is the fed is24:16going to continue to use the phillips24:18curve to make policy decisions moving24:22forward and because cryptocurrency has24:26created so much wealth at least paper24:29wealth on the balance sheet of those 1424:33of americans who have less of an24:35incentive to go back to work the24:38unemployment rate24:40as measured by the government and the24:41fed is going to be persistently high24:45therefore the fed is always going to24:47come back to the conclusion that24:49inflation is transitory regardless of24:53how many years it goes up at six percent24:58eight percent 1025:0012 who knows how high it will go and25:04we’ve seen this movie before it’s not25:07the first time the fed has inaccurately25:12come to this conclusion i’d like to take25:14you back to the early 1970s at the time25:17the fed chair was a gentleman by the25:19name of arthur burns and just like25:22jerome powell he was coming out and25:24making the claim that inflation is25:27transitory but we all know what happened25:29throughout the rest of the 1970s25:32arthur byrne was proven wrong over and25:36over and over again and i think jerome25:39powell will also be proven wrong in this25:44decade and i know a lot of you right now25:46are saying okay george i understand the25:49stuff with arthur burns and the25:52inflation being transitory or permanent25:55but that’s not really a specific25:58prediction about cryptocurrency or the26:00price of cryptocurrency26:03but don’t you worry26:05my friend26:07we are going to connect all the dots26:10in step number three coming up right now26:14step number three26:15now it’s time to reveal26:18my big26:20cryptocurrency26:22predictions but before i do26:25i can give you a prediction that is 10026:29guaranteed26:31to come true26:32and that is mr joseph wang will be26:36speaking at the next rebel capitalist26:39live event26:41in houston if you haven’t checked out26:43rebel capitalist live definitely do so26:47as soon26:48as this video is done we’ll put a link26:50in the description below but it’s just26:53rebelcapitalistlive.com26:56you can see all the speakers that will26:58be in houston january 7th through the27:019th guys like ron paul chris cole g27:05edward griffin gals like lynn alden27:08lynette zhang and like i said mr joseph27:12wang the fed guy27:14himself but back to the cryptocurrency27:18predictions in step number one27:20we saw that crypto caleb has gotten27:24rich to the tune of two trillion dollars27:30just in the last year then in step27:32number two we saw that all of these27:35gains have most likely decreased his27:38willingness to go back to work therefore27:41the unemployment rate stays higher than27:44it otherwise would and the fed thinks27:47that inflation is transitory so they27:50continue to put the pedal on the metal27:52don’t worry about inflation this means27:55that it most likely will run hot into27:57the future and let me be very clear when27:59i’m talking about inflation i’m28:01specifically referring to the stuff28:04the goods and services you buy28:07daily so i set up this chart just to get28:10a visual of the main concepts i’m trying28:14to communicate28:15first28:16on the left it goes from 0 up to 1628:20this is the rate of increase28:22so right in the middle this red line28:24let’s just assume this is the rate of28:27inflation going into the future and i’m28:30not saying this is a prediction in and28:32of itself we’re just using this as a28:34thought experiment so inflation going28:37from eight percent to 10 1228:401528:42well stocks and real estate28:45let’s say they are also going up in28:48nominal terms but28:50they’re only going up at maybe four five28:53six seven percent per year28:56which for most americans the average joe28:59and jean they look at that and they29:00think they’re getting rich29:02but then they start to do the math29:05and they’re like wait a minute here yes29:08my house is going up at five or six29:10percent per year but my grocery bill is29:14going up by 30 percent per year29:18so they realize it dawns on them that29:21the stocks in real estate are going up29:24at a lower rate or less than29:27inflation29:28but then they look at crypto29:30currency and they see that it is going29:33up at a rate that vastly exceeds29:37inflation29:38so they come to the conclusion logically29:41that the only way they can stay ahead of29:44the inflation curve29:46because remember we’ve got the fed and29:49your drunk insolvent uncle sam that is29:52pushing the average joe to take more and29:56more risk because of these negative real30:00rates so the average joe says to himself30:03well i’ve only got one choice if i want30:06to actually increase my purchasing power30:09or at least30:11just stay up with the rate of inflation30:14i’ve got to move all of this capital30:17from stocks and real estate into30:21cryptocurrency and for those of you who30:23are cryptocurrency fans you may be30:25saying well that’s fantastic news30:28because that means the price30:30is going to go to the moon but30:32unfortunately there is a big30:35problem to dive into this deeper let’s30:38go right to the internet and check out30:40this study from the bis the bank of30:44international30:46settlements30:48this is a report titled early warning30:51indicators they call e-w-i’s30:55of banking crises30:58let’s scroll down here and we can get to31:00some of their charts31:02evolution of ewi that’s early warning31:06indicator31:07variables around past31:10banking31:11crises these charts are a little31:14difficult to decipher so let me walk you31:16through them this zero indicates when31:19there was a banking crisis and this31:21black vertical line and it shows31:24different metrics they used to try to31:26predict when this banking crisis would31:30come to fruition and not only predict31:33when but also the probabilities of it31:35actually panning out so the first metric31:38they use is credit to gdp31:41so the overall credit in the economy the31:43public and private debt31:45relative to the country’s gdp let’s just31:48use the middle red solid line because31:51that’s the median so what this is saying31:54is it’s going up at eight percent above31:58the trend line the historic trend line32:01it’s not saying that it’s going up at32:03eight percent nominally that’s just32:06eight percent above the trend so if the32:09trend let’s say was two percent32:12and now it goes up to eight percent32:14then the delta would be six percent and32:17that’s what this solid red line would32:20indicate32:21another thing interesting about this32:22credit to gdp32:24is that when it gets to a peak that’s32:28usually32:29when you see the banking crisis32:31so it happens kind of in real time32:35contrast that the data represented in32:37this property price gap and we’re going32:39to focus on that solid red line again32:42and this represents the same thing it’s32:45just the delta between the historic32:47trend line and the current rate of price32:50appreciation or the gap between the32:53prices and the income level so the price32:57to income ratio difference between what33:00they’ve experienced let’s say over the33:02past33:0320 quarters and the historic trend33:06that’s the important metric33:08but you can see here it peaks out33:10usually about eight quarters prior33:13to an actual banking crisis so this33:16would be more of a leading indicator and33:19they also have metrics like dsr which is33:22debt service ratio i’m not going to get33:25too into the weeds on those other33:27metrics because i want to focus on33:29credit to gdp and also property price33:33gap33:34what this bis study shows us is these33:37are the most predictive indicators when33:40you’re trying to assess the33:42probabilities of a banking crisis33:46so i’d imagine a lot of you are asking33:49the question right now okay george if a33:52country gets over its skis so to speak33:55or they breach this level which would33:58indicate the no bueno zone34:03the bis might not use that terminology34:06but they caught probably the danger zone34:08what is the probability that this34:10country has a banking crisis34:14and from what i’ve read in this report34:16the probability can be as high as 5034:21depending on what metrics that country34:24actually triggers but the metrics we34:26just went over are so powerful34:29that they usually supersede the rest so34:32as an example if the property price gap34:35or price to income ratio in a specific34:37country gets too extreme34:39even if that country hasn’t triggered34:42any of the other red flags it could34:45still make the probability of a banking34:47crisis go up to that 50 percent number34:51and what i would argue is in a country34:53that has been so financialized like the34:56united states not only could a property34:59bubble imploding create a banking crisis35:02but i think you could see the exact same35:04thing happen if the stock market were to35:06go down by 50 percent just sit back and35:10ask yourself the question35:12what would the economy look like if the35:14stock market went down35:16by 50 percent35:18and stayed down by 50 for the next35:21decade something similar to what we saw35:24in japan in the 1990s35:28i think most of you would come to the35:29conclusion and rightfully so that that35:32would create an economic crisis35:34in the united states to the likes which35:37we may have never seen it may even35:39exceed what we saw during the great35:42depression so let’s think this through35:46using the example35:47of these hot air balloons that i think35:50gives us a great visual representation35:53of the overall concept so we’ve all seen35:56it on a sunday morning those hot air35:58balloons are going up over the sky and36:02the clouds blue sky it’s a really cool36:04thing and they’re all these bright36:06colors and at the bottom of those hot36:09air balloons you see this little woven36:11basket and that’s where the people are36:14kind of hanging out there and floating36:16around36:19in the past when we have a proper36:22fundamentally sound economy36:25i see it as though it’s this hot air36:27balloon that’s controlling or leading36:31this basket36:32that is following it around36:34so in a healthy economy that really36:37revolves around producing goods and36:41services36:42true wealth36:44the real economy would be that hot air36:46balloon36:47and the financial economy like the stock36:50market or the housing market would be36:52the basket36:53underneath that hot air balloon36:56so wherever the balloon goes in other36:58words wherever the real economy goes37:00however well it does37:02the basket will do the same the stock37:05market and the housing market but what37:08has happened as a result of everything37:10that we talked about in step number one37:14is we’ve completely reversed the roles37:17so now we go into this completely37:20distorted type of economy that’s been37:23totally37:24financialized37:26so the balloon has gone from the real37:29economy to the financial economy37:33and it’s the one that has power or37:36control of the direction of everything37:39else and now the basket is the real37:42economy so wherever the financial37:44economy goes37:46so goes the real economy and that’s why37:48the fed has had to come in so many times37:51and bail out the banking system and the37:54banksters themselves because they know37:57that if the financial economy collapses38:00the stock market or the real estate38:02market the real economy will collapse as38:06well but here’s where it gets38:09interesting if we see this dynamic play38:13out in the future38:14because the fed has to let inflation run38:18so hot before they reduce the size of38:20their balance sheet or they increase38:22interest rates we see the capital flows38:25going from stocks in real estate that38:28have a negative38:30appreciation rate or negative yield38:32compared to the rate of inflation we see38:34the capital flows go from stocks and38:36real estate into cryptocurrency38:40then because we financialized the38:42economy so much38:44we could transition38:46into a brand new type of hot air balloon38:50where the price of38:52cryptocurrency38:54is the actual balloon and now the real38:57economy is tied to the price39:00of doji coin39:02and let’s go back to that thought39:04experiment we did during the reading if39:06the stock market goes down by 50 percent39:09remember most of you would agree that39:11that would collapse the entire real39:13economy same thing for the housing39:16market but now if all of the capital and39:19the assets on the balance sheets of39:21americans is tied up in cryptocurrency39:24the same thing would be true that at the39:27price of cryptocurrency goes down by 5039:3060 70 percent then this in and of itself39:35would collapse the real economy39:38regardless of what was happening to the39:40stock market and the real estate market39:42and to make this even more bizarre if39:45the economy started to go down as a39:48result of the price of crypto collapsing39:51then the fed39:52would have to come in and save the day39:55because they have these mandates such as39:58the unemployment rate well if the40:00unemployment rate in the real economy40:01let’s say goes up to 15 percent40:04because crypto40:06falls out of bed and goes down by 5040:08percent then the fed would be left with40:11a decision40:13they would have to come in and literally40:16prop up the price of crypto40:19just like they have done quantitative40:21easing40:22to prop up the price40:24of the stock market and the housing40:26market but step back for a moment and40:29think about this paradox40:32let’s take out the word crypto and just40:34replace it with the word bitcoin40:37of all the cryptocurrencies this one has40:40the highest probability of competing and40:43maybe taking down the u.s dollar so the40:47fed would be put into a position where40:50they have to prop up the actual40:52competitor to the currency that gives40:56them power40:57in the first place so what are my big41:00crypto predictions moving into 2022 and41:04beyond well the fed is definitely going41:07to continue to push41:10people out the risk curve by maintaining41:13a negative real interest rate and i41:17think the negative real rates we see now41:20could actually increase moving forward41:23and this will incentivize people to take41:26money out of the stock market in real41:29estate and move it into41:31cryptocurrency so as long as we see this41:35dynamic at play41:37there are no certainties only41:39probabilities but i think there’s a41:41significant probability that the market41:44cap for cryptocurrency continues to grow41:48now which ones go up and down41:51i have no idea i’ll let you draw your41:54own conclusions and i want to be very41:56clear i’m not saying that this is a41:58reason to speculate in42:01currencies i would never ever buy42:03something just42:05because i thought the price was going up42:07that’s just pure gambling what i’m doing42:10is going through a thought experiment so42:12you can better understand the risks we42:15have42:16to the real economy and one more thing42:18i’d like to point out this dynamic that42:21we’re talking about with cryptocurrency42:23taking all the inflows could continue42:27into the future as long as there’s not42:30another asset class that comes up right42:33alongside it where the gains are even42:36more than what we’ve seen in42:38cryptocurrency can anyone say42:41nfts42:43for more content that’ll help you build42:46wealth and thrive in world of out of42:48control central banks42:50big governments check out this playlist42:53right here and i will see you42:55on the next video English (auto-generated)

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