An Interesting Week Ahead
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.
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.
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.
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.
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!