Is it possible that all of Team Transitory used the Quantity Theory of Money to come up with the Transitory narrative????
BTC appears to have another bear flag. BTC appears to be dumping leading up to a FED rate hike. BTC may bottom out at the FED Pivot.
This chart shows the ramification of ending the gold standard. In short, we have been screwed. The coincidence is that they decoupled the dollar from gold when all 3 had a 1:1:1 Ratio... In other words, gold, Real Output and Wages increased by 100% since 1947-ish.. This should paint a good picture for many.
I think gold may be gearing up for something special... #NFA