(Crazy) economy news

[Skybird]

Let's first understand this simple chart. M1 is money stock. Jan 2020 there was $4 Trillion, now there is $18 Trillion. $14 Trillion was created since Jan 2020 - that's a 78% increase (14 created / 18 total).

https://www.zerohedge.com/news/2021-...lar-debasement

Sorry guys, Crypto is a closed system that's built on fiat. (...) Don't fall victim to the hype machine, that Bitcoin is somehow an alternative to the fiat system, when it is denominated in USD! Oh, the irony.. not to mention Bitcoin uses an NSA patented encryption algorithm, SHA-256. And the NSA is coincidentally tracking Bitcoin users.

Welcome hyperinflation, guys. Its not a thing of the future to come. Its here. It just gets cleverly diguised. And to some part, thankfully so. At least for the time being.