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RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?
This form of world bank money printing never ends well.
Zimbabwe is a prime example of this, but they don’t want to give up the easy money that this money printing does for the markets.
At one time in my life I knew there was annual inflation, but I didn’t know that the world banks actually plan for 2% annual inflation to grease the markets.
So free money printing continues, and this continues to spur inflation and this pattern just keeps continuing.
Because the investment banks can extract a profit doing this, this will not end...... and if it does.... it will not end well.
We are caught in a trap @crypto.piotr.....🙄🙃
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Indeed Zimbabwe has been great example @silvertop
Any idea how the hell Zimbabwe or Venezuela can print that much new money? I've learned that all currencies must be backed up by debt, which isn't the case with those 2 countries, right?
Yours
Piotr
I believe that countries not only print new money, but they are also buying into the markets.
Japan is a prime example of this, and they openly tell the world that they are continually buying to prop up the market.
I believe other countries are doing the same but not so openly....
So this continues, as the world gets deeper down the drain.....
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Interesting times ahead of us @silvertop ....
Most of worlds population doesn’t even know what the world banks/governments are even doing.
Most are living paycheck to paycheck so sad.
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Hi @silvertop
However sad is it, I'm starting to believe that this is the best way if you want to have an simple and happy life ...
I believe a happy life is just moderation in everything.
Sometimes crypto/ investments consume too much too....
Cheers😊
@silvertop.... Mike 😊
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