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2024-05-21 10:03:38

Ghost of Truth on Nostr: China: deflationary pressure here too The figures speak for themselves: consumer ...

China: deflationary pressure here too

The figures speak for themselves: consumer prices in China are similar to producer prices. This is good for consumers, but a disaster for the banking system, which, as we know from the fiat system, is dependent on rising prices in order to be able to roll over existing debts into the future and keep the credit engine running. It can therefore be assumed that the Chinese will have to accelerate what they have already done and announced in recent weeks, namely further expand the money supply.

#China #deflation #inflation #bitcoin
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