How Housing Prices Prove the Money is Broken

Using a Bitcoin lens, I'll explain why the housing market is propping inflation numbers up and why traditional "experts" can't explain it.

Plus, a Bitcoin reality check, my thoughts on a town that claims to be getting sick from the local Bitcoin mine, a visit to noobie corner, and a lot more.

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Links

• Here’s the inflation breakdown for August 2024 — in one chart (https://www.cnbc.com/2024/09/11/heres-the-inflation-breakdown-for-august-2024-in-one-chart.html)

• 37% of US small businesses have seen their earnings drop over the last 3 months (https://x.com/KobeissiLetter/status/1833905774650630312)

• Good news for consumers: Some experts say companies are done with price gouging. (https://www.marketwatch.com/livecoverage/cpi-report-for-august-inflation-data-expected-to-weigh-heavily-on-fed-s-rate-cut-plan/card/good-news-for-consumers-some-experts-say-companies-are-done-with-price-gouging--tEKuGb4lU9naEgIeZsuP?&mod=home-page)

• US economy is rapidly slowing - Global Markets Investor (https://www.globalmarketsinvestor.xyz/p/us-economy-is-rapidly-slowing)

• Dow falls 400 points, Nasdaq reverses losses after CPI report (https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-cpi-inflation-data-looms?mod=home-page)

• Higher 'core' inflation in CPI could derail chance of larger Fed rate cut (https://www.marketwatch.com/livecoverage/cpi-report-for-august-inflation-data-expected-to-weigh-heavily-on-fed-s-rate-cut-plan/card/higher-core-inflation-in-cpi-could-derail-chance-of-larger-fed-rate-cut-QzclbdxkWkL17QgnfvN4?mod=home-page)

• How Many Americans Own Stock? (https://www.fool.com/research/how-many-americans-own-stock/)

• Median Sales Price of Houses Sold for the United States (MSPUS) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MSPUS)

• 314% increase since 1999 for the average US family health insurance premium. (https://x.com/charliebilello/status/1833345166586814774?t=hwFJNsuq2bEezMrnZUDOow)

• Apple's treasury lost $15b in the past decade (https://x.com/Leishman/status/1833215910208852449)

• River Report: Why Business Bitcoin Adoption Grew by 30% in 1 Year (https://blog.river.com/business-bitcoin-adoption-2024/)

• Inside the Texas bitcoin mine reportedly making residents sick - YouTube (https://www.youtube.com/watch?v=cEhPTdorNDs)

• Marathon's Commitment to Granbury, TX | MARA Granbury (https://www.maragranbury.com/posts/marathons-commitment-to-granbury-tx)

• Michael Saylor on CNBC Today - $13 Million BITCOIN - YouTube (https://www.youtube.com/watch?v=-jXOtjAoKWs)

Noobie Corner

• How Bitcoin Fees Work&… (https://river.com/learn/how-bitcoin-fees-work/)