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It transfers wealth from the poor to the rich. It distorts absolutely every aspect of economic life. It inflames social tensions. It helps birth totalitarian regimes and scapegoating of outsiders such as ethnic minorities. It destabilizes nations and it has collapsed empires.
It transfers wealth from the poor to the rich. It distorts absolutely every aspect of economic life. It inflames social tensions. It helps birth totalitarian regimes and scapegoating of outsiders such as ethnic minorities. It destabilizes nations and it has collapsed empires.
It transfers wealth from the poor to the rich. It distorts absolutely every aspect of economic life. It inflames social tensions. It helps birth totalitarian regimes and scapegoating of outsiders such as ethnic minorities. It destabilizes nations and it has collapsed empires.
Bitcoin is a lifeboat for escaping a broken system, but one needs to understand that system in order to see that.
Are We at the Inception of an Inflationary Depression? It is an acknowledged fact within the circle of Austrian Economists that the Central Banks have to continuously rely on and actively indulge in the propaganda of Voodoo Economics to hide the extreme imbalances that they have created in the world economy. What lies in the decade ahead for much of the Western economies and most parts of the world is a prolonged period of high inflation combined with an economic depression. I should add that if one were to account for inflation correctly, even today, we are probably in stagflation (inflation...