Aug 19, 2021
Inflation just hit its worst level in 13 years. The United States Federal Reserve is printing 120 Billion Dollars per week. Printing money has been happening for a long time but Covid has made the long-term consequences of this ‘getting something for nothing’ approach much more apparent. Examples include but are not limited to stimulus cheques, student loan relief, and rent relief. While these things seem good and may be to some extent necessary, they are symptoms of a broader issue.
Central banks print and manipulate money to the point that economies are not sustained on their own wholistic health. Long-term systems form around this short-term, artificial abundance creating a fragile economy. Printing money may have short term benefits to individuals, corporations, and governments, but when money is produced from thin air and society makes use of it, nothing is built from the ground up so there’s no foundation and no sustainability.
Join Raymond as he clarifies what all this means and where it’s heading. Included is a discussion of Bitcoin and crypto and how they compare in terms of sustainability.
Raymond Aaron has shared his vision and wisdom on radio and television programs for over 40 years. He is the author of over 100 books, including Branding Small Business For Dummies, Double Your Income Doing What You Love, Canadian best-seller Chicken Soup for the Canadian Soul, and he co-authored the New York Times best-seller Chicken Soup for the Parent’s Soul.
For more information on Weiss Crypto Investor and crypto currencies, visit https://weisscrypto.com/.
