Laeserin on Nostr: The Central Banks are in a monetary trap, where they need an expanding money supply ...
The Central Banks are in a monetary trap, where they need an expanding money supply to cover the (nominal) payment promises to the horde of state-funded retirees, pensioners, refugees, veterans, and welfare recipients, but they need a stable supply to keep the currency relevant for producers and equity owners, and to not lose global hegemony.
And now they have Bitcoin and metals breathing down their necks.
Published at
2024-04-25 08:25:57Event JSON
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"content": "The Central Banks are in a monetary trap, where they need an expanding money supply to cover the (nominal) payment promises to the horde of state-funded retirees, pensioners, refugees, veterans, and welfare recipients, but they need a stable supply to keep the currency relevant for producers and equity owners, and to not lose global hegemony.\n\nAnd now they have Bitcoin and metals breathing down their necks.",
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