I wrote bail-ins are a possibility. Is that not worrying enough?
PS Apologies for all of the typos in these substacks -- I write them very quickly in between other tasks, but have corrected much of them in this post.
I wrote bail-ins are a possibility. Is that not worrying enough?
PS Apologies for all of the typos in these substacks -- I write them very quickly in between other tasks, but have corrected much of them in this post.
Is inflation not enough theft?
I wrote bail-ins are a possibility. Is that not worrying enough?
PS Apologies for all of the typos in these substacks -- I write them very quickly in between other tasks, but have corrected much of them in this post.
Dont bail ins mean more inflation?
They mean x% of your bank account is stolen, you know, for the greater good and the stability of the system blah blah blah.
So in that sense yes it's inflationary as that $100 you saved is now $80 plus a 25% CPI.