China Inflation

in #inflation2 years ago

China can’t print money forever and one day I think it will fail. “Modern monetary policy” isn’t new either. It’s a scam. Every fiat currency in history had died off because of inflation. The only reason the USD has survived is because they got the whole world hooked and have the luxury of being the world reserve currency.
That won’t last forever either
Like how do people think it can last. Let’s give the most powerful bankers and politicians the power to make money essentially at will at pass it out to our corporate cronies, to bail out whoever we determine is “too big to fail”, etc etc. But we’re supposed to trust they are smarter than us and they are protecting us, managing the economy for our own good.

Sort:  

Congratulations @phx3! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You published more than 100 posts.
Your next target is to reach 150 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support the HiveBuzz project. Vote for our proposal!