Since the world was taken off the gold standard in 1971, inflation through monetary debasement has reduced the purchasing power of Fiat currencies by 70% and in some cases 85% over the last 30 years. Due to the central banks expansion of the money supply and too big to fail bailouts for insiders, inflation occurs in asset prices. The scary thing about this global debt based fantasy is that it generates increasing diminishing returns in terms of growth per unit of debt created. Technology is inherently deflationary, reducing the costs of production over time through innovation and increasing efficiency, the…

C Streuli

Ex Banker, Trader and Crypto Nerd

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