Oddbean new post about login | logout It amazes me that nobody I know IRL truly believes that monetary debasement leads eventually to higher asset prices and CPI. Weimar 2.0.
Americans are so heavily propagandized, it’s not even funny
No one in the west was taught proper economics. We all had to learn this outside of school. This was done on purpose. I can empathize with them. Most people don't want to care about this kind of stuff and would rather trust experts. Ironically if we could get them on hard money they wouldn't have to.
I think people think that debasement is normal and don’t question it or see alternative that can fix the issue, they don’t see debasement as stealing It’s sad.
I don't understand why the same people won't work 40 hours for me in exchange for some toilet paper that I draw numbers on, and yet they do the same for government & bank credit issued/printed paper that is backed by even less than my shit-backed toilet paper. The shit-backed toilet paper peso at least has a fixed supply, I can only shit so many times per day.
it will NOT be same like weimer in digital age - when all 200 printing press are ON - it will different LONG GAME !
Yeah, they can just keep adding zeros, like 🇹🇷 does.
(high relatively for now ) agrentina vietnam indonesia nigera many more do NO WHEEL barrow main diff wiemar one just one cuontry doing/happenning when all of europe or world happens NOBODY will see anything reason u notice turk lira or eqypt pount becos RELATIVE faster
Yeah, coordinated, peaceful decline.
not necessary coordinate - done under pressure just like swiss CHF is no good anymore
They backed their currency with Apple Stocks, instead of gold. 😂
No joke. https://fintel.io/i/swiss-national-bank
of course not - also no more swiss banking secrecy
They're embracing Bitcoin, tho, so I think they're just moving on.
no way SNB - may be will do ETF only