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Opinion: Why A Crypto Geek Paid $500,000 For A Picture Of A Rock
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$500,000 for a Picture of a Rock NFT Says Where the Cycle Is
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NFT craze has echoes of Weimar Germany
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We should all understand that inflation is coming after the economic destruction at the hands of the ruling class. Now with the help of the central bank, the United States could very well end up looking eerily similar to the Weimar Republic soon.
One week ago, the Bank of America hinted at the unthinkable: the tsunami of monetary and fiscal stimulus, coupled with the upcoming surge in monetary velocity as the world’s economy emerges from lockdowns, would lead to unprecedented economic overheating, according to
ZeroHedge. But this was actually rather precedented considering history. BofA’s CIO Michael Hartnett reflected back on the post-WWI Germany and he said it was the “
Mon, 22 Feb 2021 08:11 UTC
One week ago, Bank of America hinted at the unthinkable: the tsunami of monetary and fiscal stimulus, coupled with the upcoming surge in monetary velocity as the world s economy emerges from lockdowns, would lead to unprecedented economic overheating. or rather
precedented as BofA s CIO Michael Hartnett reflected back on the post-WW1 Germany which he said was the
most epic, extreme analog of surging velocity and inflation following end of war psychology, pent-up savings, lost confidence in currency & authorities and specifically the Reichsbank s monetization of debt, and extrapolated that this is similar to what is going on now.