reply on: SWIFT: Dollar remains king \ stacker news ~econ

32 sats \ 8 replies \ @TomK OP 20 Jun \ parent \ on: SWIFT: Dollar remains king econ

yesterday i had a conversation with one of my best friends from germany. he sat down with his buddies who also know me and who know about my bitcoin story and they made bitterly angry fun of me, what my problem was with the state with the euro and this bitcoin shit had no value at all. that was roughly the o-ton that is the state of affairs in germany and we are talking about engineers and lawyers here. they will swallow the digital surveillance euro, as they have accepted everything so far

43 sats \ 2 replies \ @Satosora 20 Jun

What else can they do? They live within the system and dont want to think outside of the box.

20 sats \ 1 reply \ @TomK OP 20 Jun

yes, stepping out of the once learned and established seems to cause physical pain for many people

42 sats \ 0 replies \ @Satosora 20 Jun

They have the intelligence to recognize that the situation isnt good. That is the first step. "The first step in avoiding a trap is to know of its existence."

42 sats \ 2 replies \ @riberet19 20 Jun

https://m.stacker.news/36114

Or as they say in Spain, who laughs last laughs best.

I don't understand why they laugh at you, probably because they don't know basic economics theory, they are lawyers and engineers who perhaps never bothered to know about economics, they just don't understand what's coming, and that's why I consider economics to be one of the most complex sciences, time will tell who is right, you or them, I am clear about who has it...

32 sats \ 1 reply \ @TomK OP 20 Jun

the problem with them is that they saw my bitcoin story linked to their submission to the covid regime, which i had criticized so strongly. for me this is a complex that belongs together and that means there is a deep rift in society that is reflected in this group

42 sats \ 0 replies \ @riberet19 20 Jun

And after Covid issue they continue without learning, let themselves crash into the same wall again, the human being is the only animal that trips 100 times over the same stone.

42 sats \ 1 reply \ @halalmoney 20 Jun

Maybe things will turn out fine for the establishment:

Let inflation eat away at the burden of governmental debt.
Enact some sort of tax grab under the guise of some sort of emergency.
Keep another lockdown in the back pocket in case the people get restive.

1 sat \ 0 replies \ @TomK OP 20 Jun

so far, the inflation of government debt has not really worked. economies are drifting into recession, the private sector is being squeezed out, debt continues to rise and inflation is destroying the consumer.