I am not very good at economics, I will have to admit that, it's probably because my neurons are too weak to digest how economies work and to fully grasp the mechanics of those, but I'm a simple minded man and I can spot a hypocrite from a mile.
In this post, I want to bring to your attention two such fuckers that are clearly the puppets of the elites and the official voices of the elites through the mainstream media. First, on the menu, today is LARRY SUMMERS...
Larry is a Former United States Secretary of the Treasury and he got in an interview with Bloomberg recently where he was telling the audience from the comforts of a tropical island that unemployment must go up to bring inflation down. So in other words, some people need to get out of jobs and in trouble just so the inflation can be tamed.
Well, mister Summers, if you're such a good economist why the fuck didn't you "advise the leaders in charge back in 2020" not to shut the whole fucking society down in 2020 and print trillions upon trillions that have never gotten actually to the working class that needed them the most. Wouldn't have been more simple to avoid this crisis by "not having a pandemic" instead of pouring gas on fire right now...
In hindsight(seeing "how deadly" covid was), this would have been the best approach, but if we wouldn't have had the pandemic Biden would have not won the elections, and neither would the elites have had another way of "testing our IQs" and injecting billions with experimental vaccines while making pharmaceutical companies billions of dollars.
That's pure hypocrisy imo. Laying on a chair on a beautiful tropical island saying that the best way to tame inflation is to throw some fuckers out of work. Good job, Larry... and fuck you!
Now, let's move to the European continent where Executive Board member of ECB Fabio Panetta is "instilling aggressive regulation of cryptocurrency" and the push towards central bank digital currencies.
The cost to society of an unregulated crypto industry is too high to ignore, writes Executive Board member Fabio Panetta in the ECB Blog. Regulators should treat trading in unbacked digital assets as they would gambling activities.
Regulators must avoid falling prey to the crypto industry’s intense lobbying, steering clear of poor or incomplete regulation and the legitimisation of unsound crypto models.
Crypto regulation and taxation won’t be enough. To build solid foundations for digital finance, we need a risk-free digital settlement asset. That’s why the ECB and central banks around the world are working on both retail & wholesale central bank digital currencies.
source
Well, just look at that "Wikipedia definition" of fiat money... If fiat money is backed by no commodity at all(duh), then shouldn't it also be regulated the same as cryptocurrency, based on the logic of Panetta? It's true that we have had quite a few scams over the years in crypto and that volatility beats the one of the fiat currencies, but... you get the point.
The interests behind the narratives spread by these two are clearly part of the agenda that's pushing toward UBI, cashless financial systems, CBDCs, social credits, carbon tax, RFID chipping, etc etc... I know, I know, it's just conspiracy theories, the world is going to be fine, but... No, it won't... Unfortunately...
It's amazing how hypocrites such governmental employees can be and how little fuck they give on us, and how transparent they are about their agenda. Why is that happening? Because nobody cares and nobody reacts anymore. Bitcoin, Hive, DeFi... These can become a panacea to such cancerous characters and societal issues, but don't expect regulations to push the fix to that. It's usability that we need, same as in Lugano, Switzerland, not more constrictive regulation...
I know this post was not the best tone to end the day, but I had to do it... I hope everyone has had a great Saturday and see you next time.
Thanks for your attention,
Adrian