
TraderS | 缺德道人|Jun 30, 2025 16:54
According to the logic of the Pennsylvania Plan:
Commodities will rise because the depreciation of the US dollar will push up their prices.
The US dollar will depreciate because the increased supply of dollars and changes in market confidence may weaken its value.
Bitcoin may continue to rise as inflation concerns and doubts about the traditional financial system may enhance its attractiveness, but regulatory risks and market volatility need to be vigilant.
At present, for Besant, he is facing the mess left by former Treasury Secretary Yellen, as Yellen did not issue long bonds when interest rates were still at a low level in 2021 and 2022. Resulting in oneself having to rely on issuing short-term bonds and continuously rolling over loan extensions to make up for the shortfall. On Monday, Besant said in an interview that considering the current yield level, it is unreasonable for the US government to expand the issuance of long-term treasury bond bonds.
Both he and his boss, Trump, knew very well that they had to rely on short-term debt to survive for a long time, and only after the interest rate was cut could they be relieved. Kawako's daily insults and insults towards Powell on Twitter are actually just incompetence and rage, after all, the Supreme Court has already ruled that he has no right to replace the Federal Reserve Chairman, and even if Mr. Bao is replaced, the Fed's interest rate cut is a one person, one vote voting system, and only replacing the Chairman cannot completely solve the problem. Trump needs to reach a consensus with the forces behind financial capital before it can truly solve the problem of interest rate reduction.
Regardless of the fancy fiscal plan or the promotion of stablecoins, they are all patch like remedial measures for the deteriorating fiscal situation and the decline in world currency status after the US dollar enters a weak cycle. And Bitcoin is a high-quality asset for combating fiat currency depreciation and inflation, with a long-term bottom up like gold happening and continuing for a considerable period of time.
PS: Attached is a mind map of Lu Qiyuan's plan for Pennsylvania for reference
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