It seems like there isn’t a approach out of the inflation cycle. Issues will consistently get worst and the poor will get poorer whereas the wealthy get …
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Monetary Ponzi scheme administered by the central banks #inflation #centralbank #moneyprinter
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Yup right on
Except not all of the debt matures at the same time, so not all of it is being refinanced at 7%. Still, he has a good point – when a large portion of a government’s budget goes towards servicing debt, it leaves that much less money to spend towards actual services that the public needs and uses, along with paying for a gargantuan military in the case of the US.