Quote:
Originally Posted by Skipperlipicus
no it's not. it's actually hyper deflation.
inflation is where your buying power goes down. (you used to be able to buy bread with 1 dollar now that same loaf of bread costs you 3 dollars). see Venezuela.
deflation is where your buying power increases. We can buy more bread with bitcoin this morning than we could yesterday.
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some would argue that the reason bitcoin is growing so fast is because as governments go further into debt, as they monetize their own bills and bonds, that this money is being pumped and then dumped into crypto currencies........
that the feedback quantitative easing techniques meant to bolster stocks are now being siphoned and diverted to an even faster and higher yield returning investment
that this is what is primarily fueling them at the moment
China Hits A Brick Wall: For First Time Ever, Record Chinese Credit Creation Fails To Stimulate Economy | Zero Hedge
Bitcoin Tops $11,000 - Bundesbank Sees No Bubble, Stiglitz Says | Zero Hedge
moreso abroad and from Asia apparently
all relative to position i suppose......
good bad being subjective to vantage point and personal objective
stiglitz hates it.......so that is a big plus for me
i don't care what jews think is bad news