With the tsunami of CBDCs looming, it's no surprise central banks now shill their scam coins against crypto, and have bitcoin under the gun.
like the euro remain dominant is because to use other, better currencies freely is forbidden. And when you’re from the holy pantheon of central bank elitists like Christine Lagarde, you simply cannot fail.The European Central Bank can neither go bankrupt nor run out of money even if it were to suffer losses on the multi-trillion-euro pile of bonds bought under its stimulus programmes.
With government money, however, the scam itself is baked right into the regulations. The creator of the scam coin is able to demand everyone abandon their preferred assets, and switch over to his sh*tcoin. You may want to laugh in his face, but you can’t. He’s literally got a gun to your head. Businesses everywhere are required by law to accept the government scam coin called fiat, and so in a complete lack of free market consequence, the scammers do whatever they want, and simply print more coins for themselves, devaluing the currency.
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