This is true. But one could say it is a form of austerity as well...
The economy grows is the government retreats from as many markets as possible.
Hmmm 🤔
Difficult...
It's definitely not gonna be 1, maybe a little of 2, and 100% a lot of 3😁
Haha awesome.
Russia basically admits that there is not going to be a BRICS gold-backed currency (this is 100% correct, BRICS countries love the money printer too much).
But de-dollarisation is happening anyways. Hmm what would be replacing the dollar? 🤔
#Bitcoin
A gold-backed BRICS currency will never happen.
Not one BRICS country wants to go on the gold-standard.
They are all too in love with the money printer.
Summary of the fall of Rome:
Centralisation → Debasement → Collapse
Great example of how history keeps rhyming. Even on something I thought was contemporary like "the current thing" 😂
True. Every nation can use Bitcoin to get forex into the country.
Global transactions are a headache with all these fiat silo's.
By adopting #Bitcoin African nations allow their people to participate in the global digital economy.
They wouldn't have to ask "permission" of other countries to do financial transactions.
If country A has #Bitcoin it can build an "encrypted wall of energy" in cyberspace that country B (which doesn't have #Bitcoin) can't touch.
At the same time country A is still able to attack country B's cyberspace in conventional ways.
No it is actually off by 15.1%…
😁
That the average person sees the state as a father to be trusted instead of an intruder to be mistrusted.
In other words, people don’t study history 😥
CPI numbers are being manipulated.
The basket keeps changing, making CPI is a terrible way to measure inflation.
Its “flexibility” makes it easy to manipulate & hide money devaluation.
https://damus.io/note1xjcngv6gsta3a4sm6kw63f7e6a3n0vafvz5z9umwtyyasz3e540qmtdcaq
The yuan might have a chance to be on par with the dollar.
But it’s the age of #Bitcoin so all it can hope for is to match the dollar in mediocrity.
Gold kept politicians honest.
Fiat gives politicians power to interfere with our lives.
With the gold standard governments had to be careful about how they spent their money...
...which led to better decisions.
https://damus.io/note1xjcngv6gsta3a4sm6kw63f7e6a3n0vafvz5z9umwtyyasz3e540qmtdcaq
🇫🇷France won't be happy about this...
And 🇩🇿Algeria will probably not be the last African country to join.
https://news.bitcoin.com/algeria-readies-1-5b-brics-bid-major-move-for-membership-in-the-cards/
I am so looking forward to a Chinese version of House of Cards...
The more the world descends into chaos, the more stable #Bitcoin will look.
#Bitcoin #art:
Ploughing in the Nivernais (1849) - Rosa Bonheur
