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51484298 No.51484298 [Reply] [Original]

>so these were the weeks, months before fiat collapsed into hyperinflation
>and a lot of people ask if inflation was so obvious why was sat so cheap back then?
>its the true even a middle class person could easily afford to buy hundreds of sat months before the dollar collapsed
>but what happened is the federal reserve greatly increased the staking yield... *breaths in*
>yes they added yield on their ponzi coin... aaaaaaHAHAHAHAA
>and retards literally sold sat worth fortunes today.... AAAAAAAAHAHAHAHAHAHA
>for literal fiat ponzi tokens... HAHAHAHA
>because of the single digit ponzi yield! HAHAHAHA
>that they just minted from nothing to pay the yield HAHAHAHAHA

>> No.51484309

>>51484298
explain better

>> No.51484575

>>51484309
he believes crypto is a hedge against inflation

>> No.51484782

>>51484575
He is right tough, there is a limit to the liquidity central banks can remove.

>> No.51484865

>>51484782
True. If the fed raises interest rates too high then it creates a deflationary feedback loop. US government will have higher interest payments on it's debt, it's tax receipts will be lower since the price of housing and capital is lower. It will be forced to either cut spending or raise taxes, which will lead to even lower asset prices and in turn lower tax receipts. it's a vicious cycle