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20 sats \ 2 replies \ @TomK 18 Dec 2022
Watch the Germans increasing sovereign debt like never before since the end of World War II! Together with the other countries of the eurozone they are piling up a debt catastrophy that is highly inflationary. And now begins the next chapter with capital controls and the fight against cash to avoid capital flight and the crash of the European banking system.
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20 sats \ 1 reply \ @weimartifacts OP 18 Dec 2022
Yes. But Germans actually financing debts of nearly everybody else in EU.
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0 sats \ 0 replies \ @orthzar 18 Dec 2022
This is really important. About a decade ago, countries like Greece had a fiscal crisis and were bailed out by Germany. When Greece has another fiscal crisis, Germany won't be able to bail them out again. Germany will be too busy with their own hyperinflation. Greece will have to default on it's sovereign debts (and wipe out Greek retirees) or begin their own hyperinflation (and wipe out all Greeks).
I should say, there is another option: nationalization of entire economic sectors. But I haven't heard talk of that outside of China, so I don't know if EU or US poiliticians have even considered that yet.
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0 sats \ 1 reply \ @DarthCoin 18 Dec 2022
Did you sold / bought something on satscrap?
How is the process? Just curious how it works.
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1 sat \ 0 replies \ @weimartifacts OP 18 Dec 2022
Yes. Smooth. The idea is good.
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