Comments by "Frederick Miles" (@frederickmiles8815) on "Michael Saylor: Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast #276" video.

  1. Why dont people understand that right now we have massive monetary deflation - CPI, trimmed CPI is not inflationary they are KPI's. The Fed doesnt print dollars they print collateral used in repo markets - the dont buy assets they swap. The entire market is built on security lending fraud - the price increases are due to production / operating costs as more and more capital is misallocated to service debt (similar to end of the 1920's) when production became so costly that firms produced less and charged much, much more - they also paid labor more and downsized. This is a negative feedback loop that eventually causes factories to shudder for days, to weeks, to months, as the cost of production - driven mostly by debt burden - spirals out of control. You see this first associated with commodities and base manufacturing (China, then US) - will lead to global depression.
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