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If you don't understand how bad inflation is already, go out and get a minimum wage job in any state, and live on that. Used to be possible...
Central Banks like bullets don't have agency to enact/raise taxes. That is what legislatures do.
Yes they do. The Central Banks can simply increase interest rates, whenever they damned well please.
Yes they do. The Central Banks can simply increase interest rates, whenever they damned well please. They can deny a loan to congress. They can printe a trillion dollars and hand it out to a few 1000 "friends" to buy strategic industries.
Technically, he didn't want the money because the Hutts who ran Tatooine forced everyone to use THEIR issued money and charged an exchange 'fee' when converting Republic money.
Inflation expectations have been rising across the yield curve, the stock market seems like it is headed for a massive blow off top, and pure speculation is rampant with Bitcoin soaring.
Good news: Your mortgage, car loan and credit card lenders will be equally fucked, entirely or mostly. Debt jubilee, kiddies!
Not at all. CBDC will not be a new currency, just a holding device for good old fiat dollars. It will start with anyone who receives government checks to receive them in a digital wallet. That includes all federal employees, retiree, and SS recipients. Since most Americans will thus acquire a digital wallet, private entities will start using them for payments. Corporations will have them, too. Now every person and entity in the country is a slave to whoever can shut down one's digital wallet. However, there will be cutouts so the drug cartels can get paid without being tracked.
But you are ignoring the Great Reset aspects to all this.
If you don't understand how bad inflation is already, go out and get a minimum wage job in any state, and live on that. Used to be possible...
perhaps Bitcoin (BTC) has unwittingly become the more modern digital "25 cent silver piece" and hedge to the fiat currency system ?
There isn't 27 trillion dollars in circulation.
In total, there is a total of about $1.5 trillion in U.S. physical currency in circulation, and roughly 80% of this value comes from the 11.5 billion $100 notes that are in circulation.
What is the value of all US dollar denominated assets?
As of March 13, 2024, the total value of all US dollar denominated assets is difficult to determine precisely, as it fluctuates constantly due to market conditions and other factors. However, according to the US Federal Reserve's Flow of Funds report, the total value of US financial assets (which includes cash, bank deposits, stocks, bonds, and more) was approximately $145 trillion at the end of Q3 2021. This number does not include real estate, gold, or other non-financial assets, so the overall value of all US dollar assets would be even higher.
Lot of ignorance going on.
US dollar denominated assets
Are you guys really assuming that figure was physical paper?
And 1.5 in circulation for 27 trillion claimed is 5%, that's WAY higher than what banks are required to have on hand.
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It seems that Fed employees know how to get rich betraying the public.