Nothing is more predictable than the fiat money printing spectacle! Excellently documented in the Austrian School of Economics in the so-called 'boom-bust cycles' since Luwig von Mises, the usual liquidity cycle is taking place before our eyes. The value of money is manipulated by global central banks via the interest rate mechanism, the existing time preference of economic subjects is ignored, and the next impetus for massive capital misallocation is already in the making.
In this environment economies are systematically losing their ability to efficiently build capital and generate productivity in free markets. Each of these cycles leaves a trail of destruction, poverty, and the typical theft from middle class purchasing power to the state and its proliferating bureaucracy.
Graphic: @crossbordercapital on 'X'
In poor countries the situation is very serious. As products are pegged to the dollar, the national currency loses value and products rise enormously in price.
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Do you think the USA will go through a depression like before?
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It already has Covid was pretty fucked up
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Covid was just the beginning. They were only doing a test.
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