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Shitcoin Minimalist


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December 23, 2018, 06:07:53 AM

Are you not worried if the global economy takes a down turn this could effect bitcoin prices?

"If" the global economy takes a downturn?  Debt based monetary systems require infinite growth to not collapse.  The two main factors to feed said growth are global energy production and population.  Global energy use and production have been flatlind for A LONG TIME, and population growth has peaked in every nation that matters (as they should, otherwise everyone would die from reproducing out of control).  So the system is mathematically doomed.  Setting interest rates to 0% or lower to try and stop it would just create more malinvestment and an even bigger, catastrophic crash.

In the end, there are two main relevant facts:

1)  Borrowing has to have some type of cost

2)  Lenders who are morons and lend to people who can't pay back have to eat the loss

Martin Armstrong had an excellent blog post recently that relates to this:

https://www.armstrongeconomics.com/markets-by-sector/interest-rates/the-central-bank-war/