Post
Topic
Board Economics
Re: Do you believe history repeat itself? Economic wise.
by
wxa7115
on 16/04/2021, 18:31:43 UTC
High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
When it comes to fiat currencies history always repeats itself, the people change, the era changes but the results are always the same, which is why it should be obvious that the system is specifically designed to steal your wealth, after all it is impossible to think that politicians are so dumb, it is simply impossible this could be the case since they know that the best way to tax their populations is with the inflation tax because otherwise people can escape all the other taxes.

The problem with this is that eventually the velocity of money increases to the point in which no one wants to hold their currencies for long and that is when they begin to pass laws to protect their currencies but this always fails as well.