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An Interesting Week Ahead

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An Interesting Week Ahead

Weimar a go go?

Josh Centers
Mar 19
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An Interesting Week Ahead

www.unprepared.life

I’ve been completely overloaded lately, which has made it hard to get our usually elaborate Unprepared posts out. I even considered putting Unprepared on pause, but this is no time for a prepping newsletter to go quiet. So what we’re trying instead are shorter but more-frequent missives.

The old curse wishes for you to live in “interesting times,” and there are three converging factors that might make this week very interesting.

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There are no more frightening words in the tech industry than “Balaji was right again.” He was famously mocked by the tech press for warning of COVID-19 in early 2020, and has a good record of predicting awful things.

His latest prediction? That we’re 90 days away from Weimar-esque hyperinflation, and he’s bet $1 million dollars it’ll happen.

Twitter avatar for @balajis
Balaji @balajis
I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this… https://t.co/tcuBNd679T
Image
Twitter avatar for @jdcmedlock
James Medlock @jdcmedlock
I'll bet anyone $1 million dollars that the US does not enter hyperinflation
6:30 PM ∙ Mar 17, 2023
9,015Likes1,811Retweets

Inside tech circles, there are quiet whispers of “The Big Print.” Basically, the Fed printing even more money to prop up at-risk banks. They’re not unfounded. From the Washington Post:

“In other words, if banks were suddenly forced to liquidate their bond and loan portfolios, the losses would erase between 77 percent and 91 percent of their combined capital cushion. It follows that large numbers of banks are terrifyingly fragile.”

Which brings us to the second reason this week is going to be interesting: Fox News is reporting that Donald Trump will be arrested Tuesday with fingerprinting, a perp walk, the works, which would be unprecedented.

Twitter avatar for @charliekirk11
Charlie Kirk @charliekirk11
Fox News reports that New York City D.A. Alvin Bragg is preparing to arrest Donald Trump complete with fingerprinting and “normal processing” all under a misdemeanor charge federal prosecutors refused to pursue.
12:14 AM ∙ Mar 18, 2023
8,761Likes3,357Retweets

Predictably, President Trump isn’t taking it well.

The question is how eager his supporters will be to take to the streets have being left out to dry after January 6th.

Ah, but influencer Jack Posobiec has found an easy way to protest: cause a bank run.

Twitter avatar for @JackPosobiec
No Bailouts Poso 🚫💰 @JackPosobiec
We protest with calling out of work We protest with truckers not running We protest with bank runs And we will win
5:05 PM ∙ Mar 18, 2023
6,112Likes1,946Retweets

Will it happen? Will it work? No idea, but Posobiec is highly influential, with 2 million Twitter followers.

Here’s wishing you a boring week!

Unprepared is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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