The ‘Bitcoin Family’ immigrates to Portugal for its 0% tax on cryptocurrencies

[chickenwing266]

What's the problem for stable coins and cryptocurrencies to undermine the dollar?  If they do so it means its better. The dollar only benefits these at the top Not the people.  The fact that we need stable coins and crypto is fact that the government is not doing its job right or we wouldn't ever need them.

[Mr_Mudkip]

No, they cant

[beccadomo7]

Why yes, stop printing money and BOOM inflation stops

[TheWatchungGeek]

I really hope the housing market burst because the people who will benefit the most are the majority of Americans who sees housing as a basic necessity and not a money making investment or commodity. The rise in rent and housing prices in the past couple of years has only benefitted those at the top. A lot of people are just looking to find a stable roof under their heads but theyre unable to do so currently because of the rich who has made housing into just another money making venture for themselves.

[Jediknight]

1929

[mancrafter]

For a long time, China has been helping the United States to control inflation. Through a large number of cheap goods, it has helped the United States to keep inflation within 2% even when Federal Reserve printed a large amount of money. This kind of help to the United States even forced China to import a large number of oils and resources, and produced huge pollution and emissions. But Trump launched a trade war, drastically increased tariffs, as a  result, increased the prices of Chinese goods imported by the United States, and coupled with the largest printing of money in human history. Thereby, it is so reasonable that the inflation was naturally out of control.

[superbrick43]

Bitcoin is not a bubble, good luck waiting for it to burst

[Aquamarine64]

this isnt good optics for biden,  should shut this down

[LPBrandon]

Tesla overrated

[johnnythegamer11]

Unfollow!!,  really hate elon, cryptu and many more.

[MLG_PRO_KINGZz]

You print more money, you will have inflation. Anything apar is an outlier not a reality

[thenamesaidan]

Something is going on in the world  and dealing with the sells of idea

[exit]

So they basically only care about whether crypto challenges existing systems? How STUPID

[archis136]

They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive.  Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation.  The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money.  Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use).  I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.

[datorer]

Guys ....move your money to Bitcoins