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Cake day: February 20th, 2025

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  • turnip@sh.itjust.workstoLemmy Shitpost@lemmy.worldPrison slavery
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    4 days ago

    This is because boomers now consume less, so currency needs to be debased to provide the level of consumption to increase, to match 2% inflation.

    The less people consume as demographics age the more repressed the youth will be, as we lock up inelastic goods behind massive debt. It doesn’t matter how nominally rich boomers get, if they don’t consume our money supply will grow.







  • Every country suffers from this, America is just the most rich and therefore visible due to geographic benefits and the Bretton Woods system.

    Germany was actively shutting down its nuclear power before Russia attacked, China has a giant property bubble that’s collapsing, the Eurozone is rushing in a CBDC to prop up its failing currency, Canada is doing mass immigration to hide it’s failing business climate. Its the same all over, people love faux economic growth and they love to borrow from the future.