PRELUDE TO FINANCIAL RESET (2007-2030) - CRACK UP BOOM (2009-> ONGOING)
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Makes sense. I wonder why they didn't use him to sell the clotshot to his supporters though? I mean he did but he wasn't in office.
What Is a Crack-Up Boom?
"A crack-up boom is an economic crisis that involves a recession in the real economy and a collapse of the monetary system due to continual credit expansion and resulting in unsustainable, rapid price increases.
The crack-up boom is characterized by two key features: 1) excessively expansionary monetary policy that, in addition to the normal consequences described in ABCT, leads to out-of-control inflation expectations and 2) a resulting bout of hyperinflation which ends in the abandonment of the currency by market participants and a simultaneous recession or depression."
Real estate prices are insane.
I see VERY AVERAGE houses built in 60's and 70's with typical pine lumber and pine plywood going for $500 per square foot!
Fucking insane.
All I can say is https://moneromeans.money/
Tulips, ponzis and speculative investment vehicles always appear at the beginning of Crack-up-boom and they all die when liquidity dries up when the boom ends in a deflationary spiral.
BTC was launched in Jan 2009 during the Great Financial Crisis, just before the latest crack up boom started.
Coincidence? No.
Fiat currency is the biggest scam going.
Monero is a tool that anyone can use to transfer value anywhere in the world privately, it's not going anywhere except into everyone's awareness in the next 10 years.
Arguably, monero is fiat currency. It's digital, after all. How do you know monero is not centrally controlled?
What committee or governing body regulates monero or makes important decisions?
Decisions are made by community consensus to keep the project on one track, that is to be the best digital cash.
No one can tamper with the economics of the currency because the code is open and audited, unlike fiat where the scammers get together in secret and decide how they will defraud everyone else.