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Elbertio
Reputation Activity
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Elbertio reacted to GoldDiggerDave in Run on US bank
If you look at the bigger picture all the western economies are being run like a "one world government" all synchronous swimming printing money increasing interest rates all at the same time, they even belt out the same slogans.
All western fiat is being printed out of existence at ever faster rates and the governments are pretending its a good thing by saving us from one financial disaster or another, there will be another financial establishment that needs a bail out soon either in the UK or Europe so they can justify printing a few more trillion pounds or Euros just so they call all keep in sync.
We have seen the sharpest raise in the cost of living in generations and they are still pumping out more cash and most people can't see this is making us all collectively poorer. Anyone highly exposed to inflation or in the rent/debt cycle are going to be far worse off in the coming years.
The final death-nail for fiat.........I'd have a guess and say UBI.