DugandRupe on Nostr: Gm nostriches, hyperinflation doesn’t just happen when governments can’t pay ...

Gm nostriches, hyperinflation doesn’t just happen when governments can’t pay their bills, but also when people lose faith in the currency. Faith in the currency is derived from faith in the government to build long term confidence.

Today, we wait, bated breath, for the words of Rachel Reeves on what she plans to do with our savings, our investments, our pensions and our future. We have no idea quite how low she will go to fill a £22-40 billion hole (of governement’s creation, labour and tories). Unless she walks a very fine line and provides the productive class an environment worth contributing to, they will either lose or seriously question any faith that remained.

If the productive class fully appreciate the situation, they will realise alternatives must be sought, alternatives that cannot be taxed (unfairly), seized or devalued. They will front run hyperinflation and go very very long #bitcoin.