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We often tend to perceive inflation as a concern limited to other nations: Countries like Venezuela, Zimbabwe, Argentina, Turkey, Syria, Zambia, Iran, Lebanon, Sudan, and so forth. In reality, inflation is a universal concern that transcends borders; it's not a matter of if it will affect us, but rather when it will exert its impact. Even the most robust fiat currencies worldwide will eventually succumb to inflation, one after another, as it is an inherent feature of the current system. It appears that the practice of creating money ex nihilo and extending loans to both public and private entities at fluctuating interest rates, thereby contributing to the debt industry, may not be a smart approach after all. Here are two charts depicting the performance of the Euro (€) against two hard assets, gold and Bitcoin, over the past decade. Our currency is a collective delusion. submitted by /u/0111001101110010 |