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Politics : Politics for Pros- moderated
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To: sm1th who wrote (756478)2/1/2022 11:28:58 PM
From: Follies4 Recommendations

Recommended By
didjuneau
pheilman_
Thehammer
Tom Clarke

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There are a group of people who think Bitcoin can break governments. Real (USD) fiat currency has only been around about 60 years. Before that time the government had to really borrow to run a deficit. Now however the Fed now stands by allowing the government to borrow and spend as much as it wants. People don’t want to save in a currency which is constantly losing value. If people discover they can save in a currency, Bitcoin which goes up in value it changes everything.

Interesting that the IMF told El Salvador to get off Bitcoin. They don’t know how to stop it.

Read The Bitcoin Standard and the Fiat Standard. Good books.
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