“It’s important to remember that big monetary changes have happened before. Every few generations the system resets itself and starts something anew. The period of change can be disruptive, but on the other side, something comes out that is either better or worse, depending on how we all work together to shape it. To use the control system analogy again, the metal ball is picked back up and put back in the electromagnet control system.” - nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
The first global-modern fiat monetary inflation was when the Spanish plundered South America for silver.
They funneled massive amounts into Europe, blood money, yet the first monetary QE.
It funded all modern history until the Industrial Revolution, which piggybacked on that by the exploitation of global resources, principally Oil.
This piggybacked modern Colonialism, the Federal Reserve and the Dollar as the Global Reserve Currency.
#CliffsNotes
