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A special type of inflation is coming to the States and that is called hyper inflation. This type of graph shows how bad thing shave become and can only get worse. Crypto is the new safety net even with it's huge volatility.
I am sure everyone saw the news today about El Salvador mining their firs Bitcoin today using heat from a volcano. You can't get much greener than that and is using the resources at hand wisely and efficiently.
The United States and most likely a majority of other countries around the world are back at their printing presses printing more money again. Crazy to think that they think this is normal behavior when most of us are ringing the alarm bells. Nothing good is going to come of this and it doesn't take a genius to work that one out.
If one considers that over the last year and a bit the US Government has printed more than 40% of the current existing US dollars in circulation. That is an unreal figure even for a country like Zimbabwe. This smart tactic has been proven over and over again it never works and the consequences are only around the corner. Watching these idiots on television dressed up in their suits does make me nervous as we know they are a danger to everyone including themselves.
Maybe we should all be grateful they haven't implemented a digital dollar just yet as that would be even easier to produce as that is just a button that produces magic money. How many trillion do you think there would be if they could do a test run and do you think there would be an airdrop to sell the idea to the public?
The rest of the world has every right to be concerned as the saying goes if America sneezes the rest of the world gets a cold. Not surprisingly countries like El Salvador have made a decision to look for an alternative currency selecting Bitcoin. At least they can mine/print their own using natural resources without putting their entire economy at risk which is exactly what the States is doing.
The establishment is bitching as El Salvador is not behaving like it should and is a loose cannon in their eyes. I just wish more would follow the same path as surely there is a recession looming over the horizon. It is not that far off as I have seen signs of this in South Africa over the last few weeks. Big companies who you would think have deep pockets are wobbling as this is affecting everyone.
In the beginning if you got involved in crypto you were seen as a rebel or anarchist defying everyone as you were not normal. Now those numbers have started to swing which is showing the crazy ones who aren't normal are the establishment who have been pedaling lies for decades.
Whatever the outcome is when the dust settles I bet the El Salvador economy will be more prosperous than many other countries in their region who haven't switched over to a crypto alternative.