I just know that from my (indirect) contact with folks who are working with lawyers in the administration, the lawyers are in general a very smart and qualified group of individuals
CDNS, trading around 357 looks good going into earning release on 10-17-'25 sold this bullish PUT spread using 10-24 expiration buy to open the 330 strike PUT sell to open the 370 strike PUT collected a premium of $16.45 in advance, defining my max risk of $23.55
all true, but the USD is still, by far, the most dependable currency, as there is no viable alternative which one? certainly, not the BRIC nor the Chinese Yuan., nor the EU
the original quote was in the context of what's happening at the Fed (below). My response to your complaint about that quote is about what I know from actual experience. You can rant all you want about RFK. I agree, however, that he is, shall we say, "unconventional."
Based on what I see happening - I genuinely believe there is no intent to fix USD. All signs point to BTC but I don't see that being a stable place to park wealth. Lots of moving parts, lots of volatility. USD has had plenty of up & down cycles over the years but this feels different. This feels intentional. Once Powell leaves and mid terms are over - all bets are off IMO.
Its largely unknown how it will all turn out. USD can not and will not go bankrupt, regardless of the doomer speak. We will end up in a global war long before that happens. As USD starts to break down, small countries will fall into chaos and then into war. This would create a domino effect until all debt can be unwound. The GENIUS Act is the latest 'tool' used to extract the last bit of productivity from small countries who do not have a stable currency. The debt cycle and global reserve currency all operate under a cycle - meaning it will all come to an end...slowly. Gold and silver have been the only two forms of money that has lasted, and even those are starting to become obsolete after thousands of years. For the USD, its fate was sealed with the creation of social security. Once Social Security runs out, the flaws of USD will be fully exposed. My thesis is that there will be two currencies - a centralized currency run by one or more country and then a decentralized currency like BTC and even ETH.
It's always interesting to check in and see what the right wing on Twitter is talking about.... Why would the bolded be true?
[QUOTE="Space Ghost”]For the USD, its fate was sealed with the creation of social security. Once Social Security runs out, the flaws of USD will be fully exposed.[/QUOTE] Spacy, you’re confused and all mixed up. social security was created in 1935, some 9 years before the USD became the de facto global reserve Even if the SS runs, the US will borrow more, and entities/countries/individuals will continue to buy US debt, as there are no viable alternatives
while i am no expert on options trading, i do follow certain self-imposed rules. stay away from stocks that trades below $10 whose avg daily trading volume is less than 400K
