Happy Sunday! There is big shifts in the world taking place - authoritarianism, inflation, supply chain chaos, wars, Bitcoin adoption, etc. When you're at home just living your life it can feel like everything is normal. But when you look at it all, there's mega things happening on the world stage.

Alrighty, on to the Stir!

The World of Shortages

As you know, everything is pretty much in short supply right now. What's causing it? Here's an enlightening thread on why the world is currently experiencing supply chain chaos.

First off, what are the visible impacts of the crisis?

Product delays (good luck getting appliances before 2022), product shortages (see semiconductors), port buildups (fly over LA and you'll see), and rampant freight costs (sorry, retailer margins).

It's pretty bad. Global supply chains are very complex. We live in a highly-interconnected world.

A butterfly flaps its wings in Shenzhen and impacts when I receive my bike in New York. Ok, maybe not quite, but almost...So to understand the drivers of the crisis, we need a simple framework.

Let's break down what is happening using an Econ 101 classic: Supply and Demand.Supply here refers to everything related to manufacturing, production, and transportation.

Demand here refers to everything related to consumption. I'll walk through each side: First, demand. This one is pretty simple: it's through the roof.

Consumers are flush and not afraid to spend. Further, lockdowns and restrictions have meant more spending on goods vs. services.

So you have a ton of demand for goods--those goods need to come from somewhere!

Read entire thread here - it's very good.

The World of the US Dollar

We have ourselves a big problem. The United States, US Treasury, and Federal Reserve have printed ~30% of all U.S. dollars in existence, in the last year. Furthermore, if you had $100 in 1913, today it would only be worth about $3.

This is not good. What do you do about your hard earning cash slowly eroding in value? There appears to be an alternative solution - Bitcoin.

Less than 2% of the world owns bitcoin & its price is ~$61,000. What do you think will happen to the price as more people buy into Bitcoin? It's going to go up! Think about what the price will be if 10% of the world owns Bitcoin. You're probably going to wish you had some Bitcoin.

But it's so expensive right now? $61k? This article Is Bitcoin Too Expensive? does an awesome explaining how early we are and the potential of Bitcoin.

The World of Wisdom

"It is quite funny that we live in an age where we’re attempting to fix the loss of divine meaning with breath work and meditation apps." /source

End Note

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Live free,

Brennen