An EXCELLENT explainer and wake-up call for any behind-the-curve normies in your circle of friends and family -- and well written enough that you'll probably enjoy it also.

Includes entertaining 30 sec video explaining the difference between fiat money and (in this case) Bitcoin.

https://quoththeraven.substack.com/p/the-feds-fafo-moment-is-here

. . . Today, thanks to the rise of Bitcoin, meme culture, Reddit’s degenerate-finance underworld (this Bud’s for you, r/WallStreetBets), and good old-fashioned inflation punching people in the face, the Fed's once-inscrutable policies have now been forced into being internet punchlines.

Everyone, from your Uber driver to your grandma, knows something about “money printer go brrr.” Coinbase is running ads calling out the dollar debasement.

. . . For all the things I love and hate about Bitcoin, one thing is for sure. As I noted in my 2 hour long chat about the digital asset, it didn’t just introduce people to a new asset—it forced them to learn why it exists. You want to understand Bitcoin? You have to understand fiat money. And to understand fiat, you’re eventually dragged—kicking and screaming—into the insane world of central banking, open market operations, CPI manipulation, and why the “2% inflation target” is just a polite way of saying “we’re slowly robbing you.”

. . . In the past, the Fed didn’t need to be credible—it just needed to be confusing. Today, the veil is gone. Everyone knows the Fed will eventually cave and restart QE. They know the system is addicted to low rates, that every tightening cycle ends with a bailout, and that every bailout comes with another wave of fresh dollars. That’s why gold has basically said “fuck it” and torched higher while rates remain relatively high.

And crucially, people now know that when that next wave comes, it’s going to be a lot more than a bailout. It could be the final shove off the credibility cliff.

This isn’t just monetary policy losing credibility with economists or foreign creditors—it’s losing credibility with the people. And once that happens, the game changes.

When given the choice between fiat and sound money, people are now increasingly informed enough to choose the latter. You don’t need a PhD to understand that if the government prints trillions of dollars, the dollars in your wallet are going to buy less. People will respond in the only rational way: pulling forward demand (buy now before it costs more later) and shifting capital out of the dollar and into anything that might hold its value—Bitcoin, gold, land, cans of beans, Hunter Biden’s latest art project…it doesn’t matter.

The Fed thinks it’s still steering the ship. But the passengers have read the manual and are bailing out in lifeboats.

The next round of QE and bond buying will be historic—not because it’s new, but because everyone will see it for what it is: the Fed admitting it can’t stop printing without imploding the system. That’s when the floodgates open. Sound money assets—Bitcoin especially—will go vertical. Not because of hype, but because the farce of fiat will be naked for the world to see.

It’ll be Powell’s FAFO moment—Fuck around with the largest print in history with a well informed public for the first time and find out what happens when you lie for decades, and suddenly everyone understands how your tricks work.

The Fed can’t put the genie back in the bottle. The credibility crisis isn’t coming from a rogue economist or a foreign bondholder—it’s coming from Reddit. From Twitter. From Coinbase ads. From every TikTok explainer on inflation that ends with “buy Bitcoin.”

The monetary regime that’s ruled the world since the 1970s is dying. Slowly. Then all at once.

We’ve been saying big changes are coming. The next money print won’t just confirm it—it’ll prove it. And when it does, people won’t just meme the Fed.

They’ll move on without it.