Globalese 😂
Financial repression + high inflation = bond and cash holders get rekt. They basically inflate the debt away. Hard assets like #Bitcoin protect you
Discussion
Let me get this straight:
They bury the entire economy in debt, and then they say the way out is to make everyone elses money worth less .
People have every right to put these peoples head through a window.
Yes, I agree. The fiat system is wealth transferring machine from savers to borrowers. Governments take so much debt, it’s impossible to be paid back. Instead they get creative on how to liquidate it in another way.
There are 4 ways to reduce debt:
1. Austerity (political suicide)
2. Raise taxes (probably political suicide and lower productivity)
3. Default or restructuring (political suicide and usually only a path if your debt is not denominated in your own currency)
4. Inflate the debt away
-> compared to the other options this is the most expedient, least well-understood and most common big way of restructuring debt.
Unfortunately it’s not a hard choice for politicians, if they don’t want to end their career.
This form of huge veiled global theft is only possible on the fiat standard.
Abandon the sinking ship. Adopt #Bitcoin.