RE: Bank Of England Warns On Crypto-Currency risks14 Dec 2021 10:55
The problem is printing money weakens the currency and so assets apear to rise in value due to the currency being debased. Mean while the debt clock ticks on for now. Those with assests do well, those without are screwed. We get told inflation is 2% when really its running riot, but then government gives the public sector their 1-2% pay rise to keep them up with inflation (the number we just made up to make you feel ok). This game doesn't run forever its run for a long time but always fails in the end.