How many crises do we have to go through before we admit the fed and banks either have no idea what they are doing or they know exactly what they're doing and it's malevolent?
The number of people here defending the system and saying this isn't inflation is mind boggling. Where do you think the money comes from when the government rescues banks? No matter how you slice it, the taxpayer pays through higher fees, higher rates or inflation.
This system of rescuing banks with no prosecution of the people responsible and printing a mountain of money is unsustainable. It's clear that humans will never implement an equitable system and it makes the case for Bitcoin every day...unless you profit from the financial system and then I'm sure you'd be thrilled to kick the can down the road.
How many crises do we have to go through before we admit the fed and banks either have no idea what they are doing or they know exactly what they're doing and it's malevolent?
The number of people here defending the system and saying this isn't inflation is mind boggling. Where do you think the money comes from when the government rescues banks? No matter how you slice it, the taxpayer pays through higher fees, higher rates or inflation.
This system of rescuing banks with no prosecution of the people responsible and printing a mountain of money is unsustainable. It's clear that humans will never implement an equitable system and it makes the case for Bitcoin every day...unless you profit from the financial system and then I'm sure you'd be thrilled to kick the can down the road.