Charlie Bilello showed some official inflation rates in banks around the world: Global Inflation Rates… And then posted the Real Central Bank Rates (rate minus inflation)… US: -4.9% Poland: -4.7% Brazil: -4.6% Saudi Arabia: -4.3% Canada: -3.2% Chile: -3.1% Malaysia: -3.0% Norway: -2.7% Eurozone: -2.5% Philippines: -2.5% S. Korea: -2.1% Read more…
We’ve seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you’re already rich in assets, inflation is a big nothing burger. But it’s a problem if you’re poor. Original Article: “Inflation Is Great If You’re Already Rich“ This Audio Mises Read more…
I’ll admit I have no idea what this restaurant chain is, but I like what they posted about their bitcoin hodlings. Maybe you can find some counter arguments for your decision too: https://threadreaderapp.com/thread/1397932629463388161.html Hodling #Bitcoin as a Company is not easy, over the past year it felt like we were battling an Read more…
Ray Dalio said in an interview that he owns some bitcoin and that he’d rather have it than own bonds. Generally we shouldn’t care what yet another rich old white billionaire says, but this one feels like a tipping point. Ray Dalio was very much against bitcoin only a while Read more…
A bitcoiner on twitter wrote: https://threadreaderapp.com/thread/1397020794937561088.html /1 SHORT THREAD “Why it’s INEVITABLE that #Bitcoin will win” Someone, who isn’t too financially literate but fairly smart, sent me a text asking about shitcoins My reply is below Note: # of people spreading this message is growing exponentially Nobody can’t stop this /2 (BEGIN Read more…
The biggest crime is being perpetrated towards the upcoming retirees. Consider this: You’ve worked your entire life in fiat. You’ve been a company man, made sacrifices, put your head down, followed every rule, worked like a cog in the corporate machine. Nice. And you’ve been promised a retirement. It looks Read more…
Money is precious time. Inflation is robbing you of your time. Watch the interview with Robert Breedlove and then the little short movie about inflation. Money = Human time. Inflation on money = theft of human time. Central bank = Institution managing money. Central bank inflating monet supply = Institution Read more…
From Mises Institute: https://mises.org/wire/12-myths-fueling-government-overreach-times-crisis This is a US-centric article but it’s very clear in showing how crises can increase government power and how hard it is for it to let go of that power. 04/22/2021Robert Higgs Congress and the president have adopted many critically important policies in great haste during Read more…
With Ethereum 2.0 coming closer and closer, it’s time to reevaluate some of the shady history behind Ethereum and the developers. Trader University: In this video, I discuss Ethereum’s dirty history, including its problematic premine and presale. 62% of the current Ethereum money supply was premined or presold in a Read more…
Turkey is banning cryptocurrency payments. Also it’s banning payment providers from offering onramps for crypto. The Turkish Lira is in an inflationary downward spiral. I remember when I was a university student I visited across Samos to the Asia Minor area and the prices were so low, even though the Read more…