It’s really not a secret. In most countries public debt become unsustainable and it’s impossible pay it off due to the fiscal pressure of democratic elections. The only way to sort this out is by increasing inflation.
PS. Certainly they won’t try to cause HUGE inflation, because it’s common economic knowledge that inflation above 40% cause economic recession. They aim at 5-15%.
That is why some countries in europe are in danger. See Italy: they used to pay coffe with 2-3 liras then up until there was the switch to Euro, a coffe would have costed around 1000 1500 lire. Now they can’t do that anymore.
I don’t understand the goal of this ruling class though.
That’s a tough one. First of all, you have to figure out if there really are some people pulling the strings, or is it all more or less uncoordinated. Every time the rulers or other persons of influence meet in Davos or at the Bilderberg group meeting, you get this feeling that they are one big clique. But on the other hand, they can’t all be friends, there are still conflicts and wars after all.
I think in the end it’s all about the fight for power. The governments want to be re-elected so they offer social programs. Their countries cannot handle the debt, so the central bankers offer low interest rates and money printing, which in turn raises their power. Then you have globalists, who want their multinational companies to make money without limits and borders. For some reason it seems they support this leftist revolution that unveils before our eyes: LGBT, BLM movements, multiculturalism.
How should this be good for business, I don’t know. Maybe if people feel these are very important issues, they will support further reduction of personal freedoms, increased surveillance, which of course means more power for the rulers. I don’t know, it just seems off when corporations get involved politically.
Obviously the relationship of the supply and demand for currency (like all other prices in the economy), which means how much people in the country and abroad need the currency for transactions vs how much the government “prints” it (with the help of commerical banks creating credits).
So far, prices have actually risen. Just limited the downside potential. But the limits mostly haven’t been triggered. Therefore I haven’t actually sold much.
Can take years before reach bottom. Companies will close one after the other and will take more time due to free printer money. Only weapons sale and some pharmaceutical are better.
As I am heavy bullish with BTC, so it looks of course very good (+30%). But as you know with Crypto this can change massively in a blink of an eye. My long term plan is to achieve a certain stock of BTC and let it rest for the next +5 years. Little bit invested in single share picking, but no ETF’ at all for now.
Holy crap. Depending on the current price, that’s either a flat or a house in Poland
Tell someone who does not grasp the concept, that you want to keep this much value in an imaginary virtual asset. He will think the World has gone crazy
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