The buzz in the crypto market continues how the global printing of money by the US government (and others) will bring about the collapse of the current global financial system. The only problem is that the world stock markets continue to boom giving politicians and commentators solid reasons to crow that things will be ok.
The fact that the world is entering a recession is being ignored by share buyers and many more ignorant people who are using the strength to challenge those of us with a negative view.
The attached graph clearly shows the correlation between money printing and share prices:
Frankly, you cannot blame Trump and his lackeys for opening the printing presses as they need the buzz to have any hope of winning their November election. They will claim it is protecting businesses and jobs, yet we all know that it’s keeping the media buzz and Wall Street friends happy.
We also know that printing money is fantastic for those with lots of assets and the rich, as it pushes prices up.
But it is terrible for the masses. The value of savings are destroyed and someone eventually has to pay for inflated assets or devalued currency. No-one wants to see the below happen again, which is incidentally not Venezuela or Kenya. One of the World’s great economic powers, undermined by a war and a virus, decides to print money.
No-one wants to see the below happen again, which is incidentally not Venezuela or Kenya. One of the World’s great economic powers, undermined by a war and a virus, decides to print money.
The Central banks have gone crazy. They are trying to paper over cracks that cannot be solved by money. They are killing the people’s trust in the value of their money.
Eventually whether it is 2021, 2022, or 2023. The price must be paid.
Then they will realise that only crypto, money that cannot be inflated through printing, is the only money that can be trusted. Welcome to why Bitcoin will be worth $100,000 per coin.