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Portable Wealth and Hyperinflation in the Age of Repression
COINage Magazine
|June - July 2021
Portable Wealth and Hyperinflation in the Age of Repression
The chain, thank God! the chain is broken, Its severed links may do us harm, But the Grand Fiat has been spoken, And free forever is the arm.
Twenty-two percent of all U.S. dollars in circulation were printed last year in 2020. This unrelenting monetary expansion has driven up the price of all financial assets to ridiculous levels and has set the stage for the Era of Hyperinflation. The devaluation of U.S. dollars against Bitcoin (“BTC”) is but one manifestation of the corrupt inflationist monetary policies that continue to enrich monopoly tech rent extractors while inflating the prices of critical raw materials, such as lumber, gasoline, and wheat.
This story is from the June - July 2021 edition of COINage Magazine.
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