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Rune of Svalbard
Eurodollar University
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Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Eurodollar University" channel.
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@deezeed2817 As USD value shrinks in it's ability to pay for old debts; governments will resort to desperate and dangerous measures to ensure their power is maintained. Best thing you can do is just stay out of the way lol
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You can't exactly prove it, which is why they have HR jump all the legal hoops with the hiring process.
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@sturmherooflance No offense, but this is conspiratorial nonsense. Supply and demand! Prices rose because $8 Trillion dollars got printed and most of it went into consumerism. The whole idea is for most of the debt to fuel production. If GDP doesn't keep up with debt obligations; prices rise and wages stagnate. You can't simply get a wage raise because inflation went up. If that were true, then debt could be printed forever without consequence.
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@szymonbaranowski8184 Keynesianism does exactly as it was intended to do. It's ultimately a state of permanent growth and inflation. At least that's the premise for it's survival. The gold standard failed because it only benefits productivity and exportation. So any trade imbalance will eventually result in one country holding all the gold. This historically fuels imperialism. Keynesianism was created because it aimed to maintain a balanced system regardless of production/inequalities. The issue is that (instead of gold leaving the country) - (labor leaves the country). The players changed, but the fundamentals stayed the same. Bitcoin is really no different that gold (in a currency/scarcity sense) and will result in the same thing. The truth is that the only sustainable system is a system of (boom and bust). Allowing the poor and wealthy to suffer the natural consequences of each ending cycle. But of course, boomers in office will protect their assets; so they'll hyperinflate the system to save their own hides.
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