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RE: The Return of Inflation
The magic solution has nothing in particular to do with crypto or Blockchain. It’s a great idea to crypto the Swiss franc, but that isn’t related.
Concentrate on why the poor benefit. What does a poor person have that a well off person may not have as much of?
Ha, this sounds "magical" alright.
Hmm, I've definitely been poor before... I can't think of anything I had more of then than I do now. Maybe hair! lol
Do the Swiss all have hair?
Is hair an asset class?
Did the Swiss vote for Universal basic income?
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![basic-income-cropped-2.jpg(
I seriously have no idea. :/
The Swiss voted against the Universal basic income. It will be interesting to find out how the swedish experiment worked. It is just ending now.
No, I was not talking about a univeral income.
It’s not hair either. I don’t think poor people are more hairy than the rich.
Here’s another clue: The poorest 50% have a lot (as a percentage of their net wealth), the next 40% have a little, the richest 10% have a lot as an absolute number. The poor wish they could get rid of it, the rich would like to use more of it to further enrich themselves. The middle 40% advise against having any.
DEBT
Bingo!
Are you suggesting a DEBT jubilee?
Definitely not a debt jubilee. Then we would have losers. You watch when it happens. The world will dance for joy.
I'm already dancing for joy.. in my living room.. with my daughter.. to "video killed the radio star".
But no losers? There's always losers. What makes this time different?
Here is another clue:
2026: Latest Prices:
Microsoft nUSD 66.76
Apple nUSD 1742.77
Ford nUSD 59.46
Gold nUSD 4’349.42 (USD 6’764.54 in London)
Crude oil nUSD 231.76 (USD 345.65 in Dubai)
nUSD/nGBP 1.4523
nEUR/nUSD 1.1856
nUSD/nJPY 114.34
nUSD/USD 1.4980
You will dance to “nUSD killed my credit card”