#Bitcoin soars past a $1 trillion market cap
If #Bitcoin can reach $1 trillion, it can reach $10 trillion.
$1.00 USD is the shitcoin.
Uncanny parallels between present day USD and Austria under hyperinflation in 1919.
This passage taken from
When Money Dies: The Nightmare of the Weimar Hyper-inflation by Adam Ferguson
This book is about the collapse of the Weimar Republic in Germany shortly after WW 1, which was prefaced by a period of deflation. The collapse was distinguished by a period of severe hyperinflation that rendered the German currency worthless.
Yes, prices doubled every year after the first world war between 1914 and 1921. “The “Krone” was delivered in washing baskets, people lit their cigarettes with worthless banknotes. Smart people invested their money in tangible assets or moved it into foreign currency.”
Yep, by then, The Creature from Jekyll Island had already devalued the dollar by 50%…
Today Food costs are a big culprit in rising inflation, and they’re not done climbing
Same thing so Brazil in the early 90’s. Few know because mostly documented in Portuguese. Brazil had stagflation during the 80’s and inflation reached 30,000% by 1991. But, surprise, Brazil got off the inflation path by creating a new currency (URV) pegged to .. the dollar!