Those in charge of creating currency should do so only for...

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Skol

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15/09/20

11:25

Post #: 47347608
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Originally posted by timbuckley: ↑

We should all be concerned with the direction this is going - and i dont mean the thread
CBs are embarking on mega print AND targeting higher inflation. This means globally, CBs are going to continue to print, and 'allow' inflation to rise - like they can control inflation while the non stop Brrrrrr - We are just starting mega inflation as this is the only way CBs can see of lowering the debt burden.
Unfortunately, they dont understand that the $$$ needed by main st to cover inflated costs of living wont trickle down in time and this policy could ultimately be responsible for major social and economic damage to middle and lower class. (Main St currently getting about 3% in trickle down).
Those in charge of creating currency should do so only for investment in real products and services. Never for speculation or non GDP related transactions. Right now, those in charge of creating currency are doing exactly the opposite.

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Those in charge of creating currency should do so only for investment in real products and services. Never for speculation or non GDP related transactions. Right now, those in charge of creating currency are doing exactly the opposite.
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There's speculation on everything on the planet, to suggest that people are going to refrain from speculation on currencies is extraordinarily eccentric.

Last edited by Skol: 15/09/20
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0 Great analysis

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