Oddbean

#AUStriches real wages have fallen to 2008 GFC levels. The RBA which pumped $500 Billion of Covid stimmies which they were surprised went into the #HousingPonzi is projecting it will take until 2036 - 22 years - for real wages to rebound to 2019 pre-Covid levels. With the lowest productivity in the Western world (pic 2), and the electricity grid being destroyed to soothe the minds of retarded cultists whilst Billionaires line their pockets with renewables subsidies, Australians are being told Bitcoin has no place in the economy and are expected to just put up with this colossal failure. Read the writing on the wall - People are going to struggle for a generation for absolutely nothing, and those at the helm will continue to make things worse just to ensure things don’t blow up on their watch. https://i.nostr.build/LXPDxuQyh1wvlxJc.jpg https://i.nostr.build/gjHZPjqAqaHISTZW.jpg nostr:note13cvwg280uq990j3372sqylmpxrp0k7w660jvntxzxtesyl5tyvyq3t5pfy