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Dogecoin Is The Perfect Currency For The United States Of America In 2021

Dogecoin Is The Perfect Currency For The United States Of America In 2021 Published: April 30, 2021 If you wanted to design a perfect currency for the farce that our financial system has become, you couldn’t do better than Dogecoin.  It was created as a joke, it has no real value, but investors are feverishly gobbling it up as if it was the greatest investment that any of us have ever seen.  A lot of people talk about the “Bitcoin bubble”, but Bitcoin is only up about 600 percent over the last 12 months.  Dogecoin is up about 18,000 percent over the past year even though there is no restriction on how many Dogecoins can eventually be created.  There is absolutely no reason why any rational investor should be putting a single red cent into Dogecoin, and yet it just keeps going up.  In fact, at one point this week Dogecoin had a total market value “of almost $42 billion”…

Is Dogecoin The Perfect Currency For The United States Of America In 2021?

If you wanted to design a perfect currency for the farce that our financial system has become, you couldn’t do better than Dogecoin.  It was created as a joke, it has no real value, but investors are feverishly gobbling it up as if it was the greatest investment that any of us have ever seen.  A lot of people talk about the “Bitcoin bubble”, but Bitcoin is only up about 600 percent over the last 12 months.  Dogecoin is up about 18,000 percent over the past year even though there is no restriction on how many Dogecoins can eventually be created.  There is absolutely no reason why any rational investor should be putting a single red cent into Dogecoin, and yet it just keeps going up.  In fact, at one point this week Dogecoin had a total market value “of almost $42 billion”…

One Bank Warns Soaring Food Prices Will Lead To Social Unrest

by Tyler Durden Wednesday, Apr 28, 2021 - 09:00 PM Yesterday we explained why with prices already soaring, global inflation was about to go into overdrive as the leading food price indicator that is the Bloomberg Agri spot index hit the highest level in six years. In a nutshell, this is a problem since food is a large component of CPI baskets in Asia, and this large inflationary impulse in the region that houses more than half the world’s population should result in higher wage costs in the factory base of the world. As CPI and PPI rise in Asia, it will feed through globally in the months ahead.

One Bank Warns Soaring Food Prices Will Lead To Social Unrest

One Bank Warns Soaring Food Prices Will Lead To Social Unrest
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Wealth Should Trickle Up, Not Down

Wealth Should Trickle Up, Not Down Income inequality in the United States hampers growth and forces up debt. In advanced economies in which investment is not constrained by scarce savings, high levels of income inequality lead automatically to either more unemployment or more debt. Such inequality undermines not only the health of the economy, but eventually also the rich. Please share this article - Go to very top of page, right hand side, for social media buttons. In recent decades, income inequality in the United States has soared. This isn’t the first time. Such high levels of wealth concentration have happened before in U.S. history, most notoriously in the 1920s but also several times in the nineteenth century. Like during these previous periods, the economy today seems to grow only when debt is also growing quickly.

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